1889 MORGAN DOLLAR SILVER COIN CO 779

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Feedback Rating 99.50% Positive
Current Bid (AUD) 0.00 Member Since 28 Apr 2009 in Australia
Bid Increment (AUD) 1.00
Bids Placed 0
Starting Bid (AUD) 35.00
Reserve Price (AUD) none
Starts July 29, 2010 8:00 AM Basic Shipping Information
Ends July 30, 2010 8:00 AM Shipping Cost 3.00 paid by buyer
Auction Category Coins > United States > Dollars Optional Shipping Insurance within Australia (AUD) 7.00
Auction ID 4901 Optional Shipping Insurance rest of world (AUD) 7.00

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Description

MORGAN DOLLAR IS ONE OF THE WORLD COIN COLLECTORS MUST HAVE COIN.

THIS COIN I TRADED OPALS AT THE 1992 TUSCON GEMSHOW IN ARIZONA USA

THIS COIN IS IN CIRCULATED GOOD CONDITION

COIN IN IMAGE  IS EXACT COIN ON OFFER

WIKIPEADIA INFORMATION

The Morgan Dollar is a silver United States dollar coin. The dollars were minted from 1878 to 1904 and again for one more year in 1921. The Morgan Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin. Morgan's monogram appears near Lady Liberty's neck on the obverse. The dollar was authorized by the Bland-Allison Act of 1878. It has a fineness of .900, giving a total silver content of 0.77344 troy ounces (26.73 grams) per coin.

The Comstock Lode, one of the greatest silver strikes in history, was discovered in Nevada in the late 1850s. The strike put downward pressure on silver prices worldwide. In 1878 Congress passed the Bland-Allison Act which required the Treasury Department to purchase large amounts of silver, and to strike it as coins. For reasons of economy, the Treasury chose to strike the silver as dollars.

When the dollar was minted in 1878, it was the first dollar issued for American commercial use since the last Seated Liberty Dollar of 1873. The Trade Dollar was minted during this time period but was intended to be used for trade in the Orient. The dollar was continuously minted until 1904 when the supply of dollars in circulation was high and there was an absence of silver bullion. Then in 1918, the Pittman Act called for over 270 million coins to be melted for silver content. In 1921, the coinage of the Morgan Dollar resumed for that year and was replaced by the Peace Dollar commemorative that would become standard issue. Since 1921, many Morgan Dollars have been melted. Melting has mostly occurred when silver prices escalated because these dollars yield silver bullion

More Information

Bi Metalic Coins: no
Certified Coins: no
Coin Collections: no
Gold Coins: no
Mint/Proof Coins: no
Platinum Coins: no
Silver Coins: yes
Uncirculated Coins: no
Year: 1889

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$3.00 shipping worldwide for aussies to usa and europe all same cost AUCTION IN AUSTRALIAN DOLLARS ALL coin wins over $50 to be insured at buyers expense insurance suggested for international buyers . Australian buyers plus 10% GST . $3.00 shipping OR COMBINED shipping to Aussie buyers registered mail $10.00 for all wins in a week Australian buyers plus 10% GST. GOOGLE CHECKOUT available Please send message and we will send manual payment request.

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