The Morgan Silver Dollar is essential for any Chicago coin collector. As one of the most collected coins in U.S. history, Morgan Dollar coins are famous for their quality of strike, beauty, and of course, value.
Morgan Silver Dollars hold a significant place in United States history. The silver coin replaced the previous Seated Liberty Dollar, which ceased production five years earlier. Silver coins were considered heavy and bulky, and therefore were largely removed from circulation. However, silver miners out West were outraged and pressured Congress to start production on new silver dollars. Morgan Silver Dollars were only minted from 1878-1904, and then again in 1921.
Even after production started, the design of the coin caused controversy. The reverse of the coin depicted the American eagle’s tail with eight feathers, while an uneven number of feathers were considered the proper representation of America’s national bird. With public pressure mounting, the U.S. Mint changed the tail feathers from eight to seven. The U.S. Mint then collected all of the unused 8-feathered Morgan Silver Dollars, and simply re-struck them with the acceptable 7-feather design. This resulted in a small amount of Morgan Silver Dollars known as the “7 over 8 Tail Feathers” variety.
Eventually, silver supplies ran out, ceasing the production of Morgan Silver Dollars. Yet, the Morgan Silver Dollar saw a resurgence in production in 1921. It was in this year that Denver began striking these coins, and they bear the “D” Denver mint mark. After less than a year, the Morgan Silver Dollar ceased production permanently.
Due to the historical significance of the coin, differences in design, year, and mint, the Morgan Silver Dollar’s value hinges on the type of coin in the collection. If you are looking to sell Morgan Silver Dollars, Kedzie Koins in Chicago will evaluate your coins and pay top dollar for individual coins or your entire coin collection! If you are looking to buy Morgan Dollars, stop in the Chicago coin shop or search their huge inventory in their online store!
We take pride in buying and selling rare coins and getting you the best value for your coin collection. Please feel free to Contact Us & set up an appointment, if you’d like us to look at your collection.