1878 S Morgan Silver Dollar MS64
This 1878 San Francisco Mint Morgan Silver Dollar is the first year of issue - a key coin to every collection! This coin comes encapsulated in a sonically sealed, tamper-resistant acrylic holder within a handsome display box.
Display Box Dimensions: 8-3/4" x 6" x 2"
Distributed by the Franklin Mint in the United States.
The Morgan Silver Dollar is the most popular of America's classic coins. Minted from 1878-1904 and again in 1921, it is a huge coin that was the favorite silver coin of the "Wild West" because of its large size and massive amount of pure silver. The Morgan Silver Dollar is named after its designer, George T. Morgan, who was an engraver with the U.S. Mint in Philadelphia.
This is the largest silver coin ever made for circulation. It's almost 1-1/2" in diameter and it contains over 3/4 ounce of pure silver. (The overall silver purity is the standard .900 pure.) The reason it's so big is that, by law, it had to contain exactly one dollar's worth of silver (the price of silver was fixed at $1.29 an ounce during the era of the Morgan Silver Dollar). Due to the massive amounts of silver in each coin, more than 50% of all Morgan Silver Dollars were melted by the U.S. Government in the 1920s to help pay for World War I. Millions more were melted for World War II and millions more were privately melted in the 1980s when silver reached $50 an ounce.
The United States Mint began the American Eagle coin program in 1986. American Eagles are struck each year in silver, gold, and, since 1997, platinum bullion. The Silver Eagle is only available in a $1 denomination. As genuine legal tender, it is the only silver bullion coin whose weight and purity are guaranteed by the United States Government. Each silver coin contains a minimum of one troy ounce of 99.9% pure silver.
The Silver Eagle obverse features Adolph Weinman's classic "Liberty Walking" design which shows Lady Liberty mid-step, draped in the American flag with her right arm extended toward the sun and olive branches cradled in her left arm.
A provision in the Bank Holding Company Act of 1970 calling for the creation of a new dollar coin led to the design and production of the Eisenhower dollar, or "Ike" dollar. First struck in 1971, this coin featured on its obverse a superbly rendered profile of President Dwight D. Eisenhower by U.S. Mint Chief Engraver, Frank Gasparro. The reverse, also created by Gasparro, honored the first Moon Landing with a design inspired by the official Apollo 11 insignia. This dollar coin was the first to be minted and released since the end of the Peace Dollar production in 1935.
For the Bicentennial of the United States in 1976, the U.S. Mint held a contest and took submissions for reverse designs to be used on the Eisenhower Dollar for the celebratory year. An image by Dennis R. Williams featuring the Liberty Bell in front of the Moon was chosen to appear on the dollar coin. The dual date of 1776-1976 was added to the obverse.
An icon of the Old West and possibly the most popular coin in the history of the United States, the Morgan Silver Dollar continues to be a tremendous source of intrigue and inspiration for new and seasoned collectors alike. Designed by George T. Morgan, the coin debuted in 1878 and featured a depiction of Liberty on the obverse and an image of an eagle clutching arrows and an olive branch on the reverse.
Massive discoveries of precious metals in the American West during the mid to late 19th century, including the Comstock Lode, produced large amounts of silver bullion which began to drive down the Morgan Dollar's value. Those with vested interest in the price of silver appealed to the federal government for a solution to the falling market share of the coveted metal.
The result was the Bland-Allison Act of 1878 that sought to counteract the Coinage Act of 1873, also known as the Crime of '73, which demonetized silver and made gold the US currency standard. The US government approved the Bland-Allison Act to subsidize the silver industry through huge purchases of silver bullion to be minted into the Morgan Silver Dollar.
The Morgan Dollar was struck from 1878 until 1904. The design made a brief comeback in 1921 but was replaced by the Peace Dollar later that year.
First issued in 1921, this United States one dollar silver coin succeeded the famous Morgan Dollar and featured a design by Anthony de Francisci. The armistice reached in the fall of 1918, putting an end to World War I, provided inspiration for the coin. The word "PEACE" found a home on the reverse of the design and bestowed upon the coin its name. The coin was minted from 1921-1928, then again in 1934 and 1935. The U.S. Mint brought the coin back briefly in the mid-1960s, but all Peace Dollars with the 1964 date were melted and never released into circulation.
The Peace Dollar was originally intended to be only a commemorative issue coin but fell into circulation in 1922. Its obverse features a profile of Liberty wearing a crown. The reverse shows an eagle perched on a rock near an olive branch while facing the rays of the sun.
The Presidential Dollar Program from the United States Mint ranged from 2007-2016. The Mint issues four coins per year with each coin honoring a different U.S. President. Presidents are featured in chronological order by term in office, beginning with George Washington. The obverse of the coin displays the image of a former U.S. President and changes with each release, while the reverse depicts the Statue of Liberty and remains constant for all strikes. The composition and dimensions of the Presidential Dollars mirror that of the Sacagawea Dollar in that they are golden in color, have a smooth edge, and feature a wide rim. The golden color is derived from layers of manganese brass covering a pure copper core.
When the Susan B. Anthony Dollar began circulation in 1979, it was often mistakenly identified as a quarter due to similar physical characteristics. As a result, it did not achieve widespread public acceptance. So to avoid the issues that prevented the success of the Susan B. Anthony Dollar, Congress passed the United States $1 Coin Act of 1997. This law stipulated that the next dollar coin should be golden in color, have a smooth edge, and feature a wider rim. These new attributes would allow the coin to be easily identified by sight or touch and distinguishable from other circulating coins.
Noted sculptor Glenna Goodacre's depiction of Sacagawea carrying her son, Jean Baptiste, won the favor of the DCDAC and became the obverse of the Golden Dollar. Sacagawea was the Native American Shoshone woman who acted as guide and interpreter for the Lewis and Clark Expedition. Because no known contemporary images of Sacagawea exist, artist Glenna Goodacre modeled the Sacagawea Dollar after a 22-year-old Shoshone woman.
The reverse of the coin was designed by U.S. Mint Engraver, Thomas D. Rogers, Sr., and shows an eagle in flight surrounded by 17 stars. Each star represents a state in the Union in 1804, the first year of the Lewis and Clark Expedition. The golden color of the Sacagawea Dollar derives from layers of manganese brass covering a pure copper core.
Susan B. Anthony Dollar:
The Susan B. Anthony dollar began circulation in 1979 amid much anticipation. Criticism quickly met the newly struck coin, though, as it was often mistakenly identified as a quarter due to similar physical attributes, such as the diameter and the reeded edge. As a result, the Sacagawea Dollar replaced the SBA Dollar.
Chief Engraver of the U.S. Mint, Frank Gasparro, sculpted the likeness of pioneer women's rights campaigner, Susan B. Anthony for the obverse of the coin. This marked the first occasion that a woman, other than a representation of Liberty, appeared on a United States coin. Gasparro also produced the modified Apollo 11 insignia motif for the reverse of the coin.