US 1898 Morgan Silver Dollar
United States Morgan Silver Dollar was designed and named after George T. Morgan. Production for the United States Morgan Silver Dollar was from 1878 to 1904. Then in 1921 it went into production for final year. The model for the US Morgan Silver Dollar was schoolteacher and sometimes model, Anna Willess Williams.
The Morgan Silver Dollar is a large coin weighing 26.73 g and 38.1 mm in diameter. It was made with .900 fine silver and comes with a total of .77344 troy ounces of silver content. The reason why the coin was made with so much silver is due to the biggest silver strike in history that occurred in the late 1850s. The strike caused the prices of silver to go down across the world. Congress took advantage of the cheap prices of silver and came up with the Bland-Allison Act of 1878. This act made a mandatory rule for the Treasury Department to buy large amounts of silver to make coins. And it was on March 11, 1878 when the United States Morgan Silver Dollar was first made.
The obverse side of the coin features Lady Liberty with curled hair going over the fore head and down her back, while wearing a liberty cap. There is a banner that has the word LIBERTY in all caps on the front, with branches of maple, wheat and cotton below. At the top of the coin are the Latin words "E PLURIBUS UNUM."
On the reverse side is an eagle with its wings outstretched. UNITED STATES OF AMERICA is inscribed inside the rim two-thirds from the top, with ONE DOLLAR inscribed at the bottom. The initial of George T. Morgan's last name "M" is located on the left loop on both sides of the silver dollar.
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|1898 MORGAN SILVER DOLLAR......NO RESERVE||21 Bids||US $45.00||3h|