1878-1904 Morgan Silver Dollar AG (Random Year)
Numismatic
1878-1904 Morgan Silver Dollar AG (Random Year)
The Morgan Silver Dollar stands as a monument to a turbulent era in American monetary policy. Its creation was prompted by the Bland-Allison Act of February 1878, a pivotal piece of legislation that required the United States Treasury to purchase silver specifically for coining. This act effectively reinstated silver as legal tender, reversing the course set by the Coinage Act of 1873, which had halted silver dollar production and established gold as the nation's sole economic standard. On the obverse side, a left-facing portrait of Liberty is depicted, a design modeled by Anna Willess Williams and created by George T. Morgan. The reverse showcases a bald eagle grasping an olive branch and arrows, surrounded by the traditional inscriptions "United States of America," "One Dollar," and "In God We Trust." Struck in 0.900 fine silver with a silver content of 0.7734 troy ounces, these coins bear the visible marks of their long journey through commerce. Graded as Almost Good, each piece shows significant wear, serving as a tangible testament to the years it spent circulating through the hands of everyday Americans during the late nineteenth and early twentieth centuries.
Fair market value
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Prices shown are estimated fair market values based on live spot prices and typical dealer ask premiums. They are provided for informational purposes only and are not an offer to buy or sell. The price a dealer will pay for an item (bid) is typically 10–20% below the values shown, depending on the item, its condition, and current market conditions.
Specifications
| Country | United States |
|---|---|
| Grade | Almost Good |
| Legal-tender face value | 1 Dollar |
| Metal | Silver |
| Weight | 0.7734 troy oz |
| Purity | .900 |
| Diameter | 38.1 mm |
| Thickness | 3.1 mm |
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