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The Morgan Silver Dollar: A Beautiful Coin with Lots of History

The first standard silver dollar minted by the United States after the passage of the Coinage Act of 1873, the U.S. $1 Morgan Silver Dollar is both beautiful and rich in history. United Coin & Precious Metals routinely has a number of Morgan Silver Dollars in stock. It’s one of our most popular sellers due to it typically low premium, historical significance, and classic beauty.

About this Coin

Struck at five U.S. Mints (Carson City, Philadelphia, San Francisco, New Orleans, and Denver), the Morgan Silver Dollar was minted between 1878 and 1904, with a reissue in 1921.

Carson City Morgan Dollars are among the rarest versions of this coin. Struck between 1878 and 1893, they remain an attainable short set for collectors. Premiums on Carson City Morgan Dollars remain strong. Recently, an 1882 CC Morgan dollar in its original black plastic GSA case and graded MS-62 by NGC sold for $170, while a VF of this common CC without a GSA holder sold for $120 dollars.

Rarer still are the General Service Administration (GSA) Morgan Dollars, such as the 1879-CC and the 1889-CC dollars, which still are not found in large quantities. An entry-level Mint State 1879-CC Morgan Dollar costs upwards of $6,000, while solid VF examples are about $300.

From 1887 to 1904, Morgan Silver dollars were issued by mints in Philadelphia, San Francisco, New Orleans, and Carson City. Morgan dies were destroyed when production ended. Nonetheless, they were struck once more for a short time during 1921 at Philadelphia, San Francisco, and Denver before being replaced by post-World-War-I Peace Dollars.

In the 1960s, a reserve of Morgan Dollars was discovered in U.S. Treasury vaults. Many were considered rare. The coins were sold by the Treasury in the 1970s, culminating in the final sale of more than 200,000 uncirculated Morgans in 1980.

The worth of a Morgan Silver dollar is based on its date, mint mark, and condition. Examples struck during the late 1870s and early 1880s are considered desirable.

About the Designer

The coin is named for its designer, United States Mint Assistant Engraver George T. Morgan. The obverse portrays a profile portrait representing Liberty, while the reverse depicts an eagle with its wings outstretched. An acquaintance of Morgan’s, Anna Williams, a schoolteacher in the Philadelphia, is said to have modeled for Liberty. Fearing she would lose her teaching position if her extracurricular modeling was discovered, Morgan promised her participation would be kept secret. Unfortunately, the secret did get out some years after the coin was issued, and Williams lost her job – only to find another soon thereafter in the Philadelphia area.

History of the Coin

The Morgan Silver Dollar was authorized by the Bland-Allison Act which required the U.S. Treasury to purchase between two and four million dollars of silver at market value to be coined into dollars each month. In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, in turn, was repealed in 1893.

In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. By 1904, those silver reserves had been depleted, which led to U.S. Mints ceasing production of the Morgan dollar.

When the Pittman Act of 1918 authorized melting and recoining of millions of silver dollars, the Morgan Silver Dollar resumed mintage for one year in 1921. Later the same year, the design was replaced by the Peace Dollar.

Browse Our Collections or Call

Our inventory contains some of the most desired rare coins and collectibles, including the Morgan Silver Dollar, which is also eligible for use in a precious metals IRA. While UCPM does its best to keep most popular bullion items in stock, we cannot possibly stock everything or control product shortages. Should you be looking for something we don’t have available, chances are we can find it for you.

Designed by Augustus Saint-Gaudens, the $10 Indian Head Gold Eagle Coin is a Beauty

The $10 Indian Head Gold Eagle coin designed by Augustus Saint-Gaudens is among the most beautiful gold coins this nation has ever struck. Minted between 1908 to 16 and again in 1929, United Coin & Precious Metals loves it when customers inquire about buying one of these coins. We love to recount their history, plus they’re such beauties to behold.

About the Designer

Born in Dublin, Ireland in 1848, Augustus Saint-Gaudens was a 19th century American sculptor raised in New York City. He is well-known for his monuments commemorating heroes of the American Civil War, many of which still stand, as well as his numismatic designs. He designed the $20 Saint Gaudens Double Eagle gold piece, considered one of the most beautiful American coins ever issued, as well as the $10 “Indian Head” gold eagle.

Saint-Gaudens work on the coins was at the behest of then-President Theodore Roosevelt who in 1904 complained to Secretary of the Treasury that U.S. coins “lacked artistic merit.” Roosevelt suggested a private artist like Saint-Gaudens should be enlisted to help – and he was. Sadly, Saint-Gaudens was suffering from cancer when he worked on the designs and did not survive to see the coins released.

About this Coin

The $10 Indian Head’s obverse (front) features Lady Liberty’s head. She dons an Indian war bonnet that reads “LIBERTY” and 13 stars, representing the nation’s 13 original colonies, arc above her head. The date appears at the bottom of the coin.

The reverse side shows a proud American bald eagle with its chest puffed out. It stands among olive branches with the Latin phrase “E PLURIBUS UNUM” to the right. The words “UNITED STATES OF AMERICA” and the denomination (“TEN DOLLARS”) appear at the top and bottom of the coin. Not part of the original design, the motto “IN GOD WE TRUST” was added to the coin in the middle of 1908 by order of Congress.

Instead of a lettered edge, the coin’s edge shows raised stars, representing the states of the Union. Coins struck from 1907 to 1911 feature 46 stars. Two more stars were added the following year to commemorate the addition of New Mexico and Arizona to the Union.

Originally, the $10 Indian was struck with a wire rim in 1907. This gave the coin more of a 3-D appearance. Some 500 of these were produced before the U.S. Mint began producing regular strikes later that same year.

With a diameter of 21.6mm, the coin weighs 8.359g and contains .24187 oz of gold.

Browse Our Collections or Call

Our inventory contains some of the most desired rare coins and collectibles, including the $10 Indian Head Gold Eagle Coin. While UCPM does its best to keep most popular bullion items in stock, we cannot possibly stock everything or control product shortages. Should you be looking for something we don’t have available, chances are we can find it for you.

Popular With Collectors and Investors, the Canadian Silver Wildlife Series Silver Coins Are Known for Their Design and Purity

One of the most popular series of collectible coins we see at United Coin & Precious Metals is the 1-ounce Canadian Silver Wildlife Series of coins. Popular with collectors, investors, these coins are known for their stunning designs, 99.99% purity, and heft.

About these Coins

Starting in 2011, Canada’s Royal Canadian Mint successfully released six 99.99% pure one-ounce silver coins over a three-year period to celebrate the country’s natural wildlife. These coins, known as the “Canadian Wildlife Series Silver Coins,” feature reverse imagery dedicated to the abundant and diverse wildlife of Canada.

Each coin boasts an atypical .9999 fine silver composition, low mintages of around 1,000,000 coins per design, and sophisticated designs – making them highly desirable.

Coins in the Series

  • 2011 Canadian Wolf Silver Bullion Coin—Dated 2010, this coin was released in September 2010. It features a reverse design showing a wolf standing on a snowy landscape with a full moon in the background. The design was completed by Senior Mint Engraver William Woodruff.
  • 2011 Canadian Grizzly Silver Bullion Coin—Issued in January 2011, the Grizzly coin depicts a bear in mid-roar on all fours standing near a body of water. The reverse was also designed by Senior Mint Engraver William Woodruff.
  • 2012 Canadian Cougar Silver Bullion Coin—Issued for September 2011, the reverse design of this coin portrays the Canadian cougar with its front paws grasping a fallen inclined tree limb. The Cougar has an open mouth and is baring its large teeth.
  • 2012 Canadian Moose Silver Bullion Coin—The final 2012-dated coin in the series, it began to appear for investors at the end of February and early March. The reverse of the coin depicts the Canadian moose in its native environment.
  • 2013 Canadian Pronghorn Antelope Silver Bullion Coin—This 2013-dated coin was announced by the Royal Canadian Mint at the ANA’s World’s Fair of Money in Philadelphia, August 7-11, 2012. The reverse design features the Pronghorn antelope in a grass field.

The obverse of all coins in this series feature Queen Elizabeth II of England along with the inscriptions of ELIZABETH II, 5 DOLLARS, and the year.

The face value of the Canadian Wildlife Series coins is five dollars, however, as a strike containing one ounce of .9999 fine silver, the real value is based on their content.

Each coin in the program was struck at the Royal Canadian Mint’s Ottawa facility to the same standards used for the popular Silver Maple Leaf Bullion Coin. The Royal Canadian Mint’s Ottawa facility produced upwards of one million “Wood bison” silver bullion coins to close out the series.

The Royal Canadian Mint is the Crown Corporation, which is responsible for the minting and distribution of Canada’s circulation coins. Crown Corporation is an ISO 9001-2008 certified company, and the Royal Canadian Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized and high-quality precious metals products on an international scale.

Browse Our Collections or Call

Our inventory contains some of the most desired rare coins and collectibles, including the 1 oz. Canadian Wildlife Series Silver Coins. While UCPM does its best to keep most popular bullion items in stock, we cannot possibly stock everything or control product shortages. Should you be looking for something we don’t have available, chances are we can find it for you.