1880 MORGAN DOLLAR SILVER COIN CO 777

Item Information

Dimensions (mm) not provided
Weight (carats) not provided
Colors
Year 1880
Gold Coin
Silver Coin
Platinum Coin
Mint/Proof Coin
Uncirculated Coin
Certified Coin
Bi Metalic Coin
Coin Collection

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 WORN  CONDITION

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

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Pricing & Details

Bid Increment $1.00
Starting Bid $34.00
Auction ID 4899
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Viewed 3,349 times
Starts 20th Sep 2017 3:01pm PDT
Ends 23rd Sep 2017 3:00pm PDT

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