Recent Silver Dollar Blog Posts

$10M Gold Coin Hoard found in yard!


Mar 07, 2014

Did you hear about the Gold Coins found? How amazing is that!

$5 $10 and $20 Lady Liberty Gold Coins dug up in Northern California, by a couple walking their dogs on their property. The couple found 8 coffee cans full of gold coins. The stash of buried gold coins valued at $10 million dollars.

The coins are mostly uncirculated and in mint condition. To read more on this lucky couple check out the ABCNews article. As with everything there is a twist "10M California Gold coin hoard found might have been stolen"



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Rare coin collection sells for $23M at NYC auction


Nov 18, 2013
Rare coin collection sells for $23M at NYC auction



Collecting coins for over 90 years pays off! 102 year old Missouri collector sold his collection at New York City Auction for $23 million dollars.

A 1795 U.S. Silver Dollar in just about pristine condition went for $910,625, the list goes on and on with amazing coins! Retired St. Louis lawyer Eric P. Newman starting his collection in the 1930's. He said the entire collection of 1,800 pieces cost him approximately $7,500. That is a pretty amazing return! Read the whole story at ctvnews.com!



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1895 Silver Dollar


Oct 08, 2013

1895 Silver Dollar

1895 Silver Dollar
Mintage Circulation strikes: 12,000 (possible melted down)
Proofs: 800
There is no mint mark on the coin which means it was minted in Philadelphia.

1895-O Silver Dollar

Mintage Circulation strikes: 450,000
Proofs: 0
Minted in New Orleans

1895-S Silver Dollar
Mintage Circulation Strikes: 400,000
Proofs: 0
Minted in San Francisco

Random Facts of 1895

A genuine 1895-CC dollar doesn't exist since the Carson City Mint was closed at this time.

Los Angeles Railway established to provide streetcar service.

America's 1st auto race starts; 6 cars, 55 miles, winner avg 7 MPH

Charles E Duryea patents a gas-driven automobile

1st auto manufacturer opens-Duryea Motor Wagon Company

1st shipment of canned pineapple from Hawaii

1st rolling lift bridge opens, Chicago

-17 degrees F (-27.2 degrees C) in Braemar, Grampian (UK record)

Michael Owens of Toledo, Ohio patents a glass-blowing machine

Electric central at Niagara Falls gives 1st steam

 

 

 



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How much does a Morgan Silver Dollar weigh?


Jun 03, 2013

How much does a Morgan Silver Dollar weigh?

A Morgan dollar weighs 26.73 grams with a metal composition of 90% silver and 10% copper

A Morgan Dollar weighs 26.73 grams and is made of .900 silver to .100 copper.  Making it .77344 oz of actual silver.  Even though it's a called a silver dollar it doesn't mean it's 100% silver.

So how much is the silver worth in your silver dollar? Well that would depend on what the price of silver is today! First off don't get confused between the collectable value of a Morgan versus it's value in silver by weight.

A coin collector might be willing to pay more than it's value in silver depending on the year it was minted, where it was minted the condition of the coin etc If you want to know just the value of silver I found this cool coin calculator that will come up with that number for you, Coinflation.com

Image Source: Library of Congress


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1894 Silver Dollar


May 02, 2013

1894 Silver Dollar

1894 Silver Dollar
Mintage Circulation strikes: 110,000
Proofs: 972
There is no mint mark on the coin which means it was minted in Philadelphia.

1894-O Silver Dollar
Mintage Circulation strikes: 1,723,000
Proofs: 0
Minted in New Orleans

1894-S Silver Dollar
Mintage Circulation Strikes: 1,260,000
Proofs: 0
Minted in San Francisco

Random Facts of 1894

There are no Carson City Morgan Dollars minted in the year 1894

First time Coca-Cola is sold in bottles

Denmark adopts Mid-European time

First college basketball game, University of Chicago beats Chicago YMCA 19-11

Midwinter Fair opens Gold Gate Park

New York passes 1st state dog license law

1st public showing of Edison's kinetoscope (moving pictures)

French cyclist Henri Desgrange rides 100km in world record 2:39:18

John Harvey Kellogg patents "flaked cereal"

Decision to hold modern Olympics every 4 years

1894 Lord Kelvin predicted that radio had no future and that heavier than air flying machines were impossible

The word "sneaker" was coined by Henry McKinney, an advertising agent for N.W. Ayer & Sons.

 

 

 

 

 

 



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A Guide Book of Morgan Silver Dollars (Kindle)


Mar 26, 2013

My how times have changed... Need this book quick you can download it right now with the kindle edition! Of course you need to own a kindle to do this. But how cool is that! You can also order this in paperback. Either way you would own the Guide Book of Morgan Silver Dollars

Official Book Description:

Americans love to collect the big Morgan silver dollar! No other coin conjures up so much of the romance and history of the United States. In this third edition of his bestselling book, noted numismatic historian Q. David Bowers offers an engaging portrait of the country’s most popular classic coin. You’ll learn what to look for when you buy, how to grade your coins, how to cherrypick varieties, and ways to become a smarter collector. A Guide Book of Morgan Silver Dollars, 3rd edition, also includes a thorough market analysis for each date and mintmark, a detailed look at the minting process, and a study of Treasury releases and other hoards, plus a section on never-circulated pattern coins. Full color throughout; illustrated; indexed



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Test another coin... please


Mar 18, 2013

Old U.S. Mint, Chestnut & Juniper Streets, Philadelphia

There were many check points along the way to ensure a coin was the proper size and weight. The Coinage Act of 1873 also knows as the Crime of '73 that embraced the gold standard and demonetized silver had another side note. It stated that each mint superintendent and assayer would choose at random one coin out of every 2,000 coins to be inspected.

The selected coins would be sealed in envelopes and deposited in a pyx that had only two keys. One belonged to the superintendent and the other belonged to the assayer. A pyx is defined as a strong box, for safe keeping.

The Director of the Mint received coins from all the mints and inspected them once a month.  At the end of each quarter the the coins were sent in wooden boxes and shipped to Philadelphia mint where the Annual Assay Commission met every February to weigh and assay every sample coin. 

Usually things looked good by the time the coins made it to it's final inspection. But even with all these checks points,  in 1881 that the Annual Assay Commission discovered three melts from Carson City that were about 0.892 fineness and about 3,000 defective pieces were struck from that melt.  It is not really clear if  these coins were melted or located. 

Image Source: Library of Congress

 

 



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1893 Silver Dollar


Mar 08, 2013

1893 Silver Dollar

1893 Silver Dollar
Mintage Circulation strikes: 378,000
Proofs: 792
There is no mint mark on the coin which means it was minted in Philadelphia.

1893-CC Silver Dollar
Mintage Circulation Strikes: 677,000
Proofs: estimated 12
Minted in Carson City

1893-O Silver Dollar
Mintage Circulation strikes: 300,000
Proofs: 0
Minted in New Orleans

1893-S Silver Dollar
Mintage Circulation Strikes: 100,000
Proofs: 0
Minted in San Francisco

Random Facts of 1893

World's Columbian Exposition opens in Chicago

Great Norther Railway connects Seattle with East Coast

Thomas Edison completes worlds 1st movie studio (West Orange NJ)

Columbian Isabella Silver quarter authorized

Grover Cleveland inaugurated as 24th, US President

The Critic reports that ice cream soda is our national drink

Panic of 1893; Great crash on New York Stock Exchange

Henry Perky patents shredded wheat

France issues 1st driving licenses, included required test

France introduces motor vehicle registration

Shaku Soen is 1st Zen teacher to visit the West (Chicago)

Senate approves repealing Sherman Silver Purchase Act of 1890

1st newspaper color supplement (NY World)

First appearance of an electric car

 

 

 



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How Coins are Made


Feb 22, 2013

How Coins are Made!

I have seen this video before, but I still love it!

If you ever had a question about how coins were made this video will answer your questions! It shows everything from start to finish. It's a great educational video for kids or adults who are curious about the coin making process. It is quick paced and very informative!

It takes a lot to create a single coin! From all the machines to the person drying the blanks, making sure there are no water stains on the coins.It's a fun process to watch!

 

 


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Morgan Dollars 1878-1891 Archival Quality Album


Feb 01, 2013

Littleton Morgan Dollars 1878-1891 Archival Quality Album

Are you looking for a quality album to store your Morgan Dollars? This one looks pretty solid!

What about you... Where do you store your Morgan Dollar Collection?

Official Product Description:

This album holds 1878-1891 Morgan dollars. Holds all P D & S issues plus the silver proof issue.Organize and store your collection with Littleton's custom albums. Designed with the collector in mind, every Littleton album features sturdy 3-ring binder construction, so album pages lie flat and can be easily removed. Brass eyelets reinforce the pages, and thumb holds make slide removal convenient. Crystal clear slides show both obverse and reverse.

  • Holds Morgan dollars of 1878-1891
  • Made in the USA
  • Features sturdy, 3-ring binder construction, so album pages lie flat and can be easily removed
  • Thumb-holds make slide removal convenient
  • Crystal-clear slides show both

 



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1892 Silver Dollar


Jan 10, 2013

1892 Silver Dollar

1892 Silver Dollar
Mintage Circulation strikes: 1,036,000
Proofs: 1,245
There is no mint mark on the coin which means it was minted in Philadelphia.

1892-CC Silver Dollar
Mintage Circulation Strikes: 1,352,000
Proofs: 0
Minted in Carson City

1892-O Silver Dollar
Mintage Circulation strikes: 2,744,000
Proofs: 0
Minted in New Orleans

1892-S Silver Dollar
Mintage Circulation Strikes: 1,200,000
Proofs: 0
Minted in San Francisco

Random Facts of 1892

Ellis Island begins accommodating immigrants to the United States

James Naismith publishes the rules for basketball

The first ever French rugby championship final takes place in Paris

The General Electric Company is established through the merger of the Thomson-Houston Company and the Edison General Electric Company

Thomas Edison receives a patent for a two-way telegraph

The world's first fingerprinting bureau is formally opened by the Buenos Aires Chief of Police (although unofficially it was already open)

A hidden lake bursts out of a glacier on the side on Mont Blanc, Flooding the valleybelow and killing around 200 villagers and holidaymakers in Saint-Gervais-les-Bains

University of Chicago holds its first classes

Benjamin Harrison March 4th 1889 - March 4th, 1893 is the President of the United States

 

 



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Guide to Investing in Gold and Silver


Dec 29, 2012

 

Perhaps you only collect coins for the love of the coins. Maybe your collection is worth more in the satisfaction of collecting every year a Morgan was minted. Some collect as an investment to the future. If you want to see where one man's view is on the issue "Everything you need to know to profit from precious metals now"  A Guide to investing in Gold and Silver!

Official Book Description:

"Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you." --Michael Maloney, precious metals investment expert and historian; founder and principal, Gold & Silver, Inc.

Michael Maloney is a precious metals investment expert and historian and the founder and principal of Gold& Silver, Inc. He serves as an adviser on Robert Kiyosaki's Rich Dad team and speaks frequently on commodities investing.



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Weighing in on the Morgan Dollar


Dec 16, 2012

As you know it takes many steps to produce one silver dollar. Starting off as silver (from the mines, clippings or condemned coins) all the way to a blank silver planchets (disk) with raised edges. There are many checks and balances along the way to ensure the perfect coin. 

One step is the weighing in... Before the die comes into play you need to weigh in to make sure you have the proper weight. First off you need to have the perfect planchet in appearance. Up until the early 1900's this was all done by hand. Someone actually picked up the planchet and inspected it. Later they had sieves that would separate the good from the bad.

The weight of a silver dollar was 412.5 grains . Those that were too light or too heavy found their way back to the melting pot, nothing was wasted. The ones that passed moved on...

Image Source: Library of Congress



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1891 Silver Dollar


Dec 10, 2012

1891 Silver Dollar

1891 Silver Dollar
Mintage Circulation strikes: 8,693,556
Proofs: 650
There is no mint mark on the coin which means it was minted in Philadelphia.

1891-CC Silver Dollar
Mintage Circulation Strikes: 1,618,000
Proofs: 0
Minted in Carson City

1891-O Silver Dollar

Mintage Circulation strikes: 7,954,529
Proofs: 0
Minted in New Orleans

1891-S Silver Dollar
Mintage Circulation Strikes: 5,296,000
Proofs: 0
Minted in San Francisco

Random Facts of 1891

The London-Paris telephone system is opened to the general public

Carnegie Hall has its grand opening with it's first public performance

Standford University in California opens its doors

First asteroid discovered using photography, Asteroid 323 Brucia

James Naismith invents basketball

Nikola Tesla invents the Tesla coil

Pierre Lallemen, French inventor of the bicycle

The Wrigley Company is founded in Chicago, Illinois

1st motion picture shown to Natl Federation of Women's Clubs

National Forest Service organized

Electric self-starter for the automobile patented

Edison patents "transmission of signals electrically" (radio)

Benjamin Harrison March 4th 1889 - March 4th, 1893 is the President of the United States

 

 

 



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Top 100 Morgan Dollar Varieties - Good Reviews!


Dec 03, 2012

 

This book was published on September 15th, 2009. Comes with good reviews too! One reviewer said he liked it because it is compact and easy to read. Perfect to quickly refer to a specific coin when researching.The Top 100 Morgan Dollar Varieties is on sale at Amazon for $29.95!

Official Book Review:

An extremely important reference work that no Morgan dollar collector should be without. With silver dollar variety collecting is still in its infancy, I expect variety collecting to expand dramatically in the years to come. Any collector or dealer who routinely uses this book gains a very worthwhile edge. Jim Halperin, Co-Chairman, Heritage Auction Galleries (HA.com) One of the perks of coin collecting is the thrill of the hunt and the exhilaration of the find...always has been, always will be. What better a series than the Morgan Dollar to feed this habit? The newly revised, easy-to-read and comprehensive Top 100 book you are holding in your hand will enable you to capitalize on the most important aspect of numismatics...having FUN. Enjoy! Bill Fivaz Fey and Oxman have significantly updated what is arguably the one 'must-have' book on Morgan Dollar varieties. Van Allen and Mallis painted the 'big picture', but the Top 100 brings many of its most interesting elements into the sharp focus they deserve." John Roberts Director of Attribution Services ANACS For as long as I can remember, I've carried a copy of the Top 100 Morgan Dollar Varieties in my briefcase to every show I've attended. It's perfect size and gives a fellow like me who really isn't an expert in VAMs the knowledge I need to know about the best of the best. I'm elated to hear that there is now a new expanded edition coming! Ken Potter Coin World Columnist Numismatic News Feature Writer --Jim Halperin, Co-Chairman, Heritage Auction Galleries (HA.com)

No one is more responsible for the renewed--and rapidly growing--interest in VAMS than Mike Fey and Jeff Oxman. No one. That resurgence began with their landmark 1997 book, Top 100. This book is the long awaited and expanded update. The first one sold out quickly; I predict this one will sell out almost before the ink is dry. I've already ordered my copy. James Taylor CEO & President, ANACS --James Taylor, CEO and President, ANACS

In the dozen years since its debut The VAM Keys book has revolutionized the collecting of Morgan Dollar varieties, taking this previously overlooked speciality into the mainstream. The number of collectors seeking Top 100 VAMs has multiplied many times over. While their attribution is now much easier, the competition to locate unattributed rarities is far more keen due to this handy guide. David W. Lange Research Director Numismatic Guaranty Corporation (NGC) --David W. Lange, Research Director, NGC 



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Re-Cap on the Bland-Allison Act


Nov 15, 2012

We hear Bland-Allison Act a lot when collecting Silver dollars. You might have read it once and forgotten the little details about it. So today we're going to re-visit that time in history. 

In a nut shell - In 1878 congress stated the U.S. Treasury must buy at market price $2,000,000 to $4,000,000 worth of silver each month. This silver would be put into circulation as silver dollars. 

With a bit more detail - Before 1873 the United States was using a bimetallic money standard. With the Coinage Act of 1873 the Untied States no longer backed both silver and gold. The only standard was the gold standard now. Before the public could bring both gold and silver to have it converted into coins. Now the treasury would only take the public's gold and mint it into a coin. Although you could still have silver minted into trade dollars.

Of course the silver mining companies gave it the name "The Crime of 73". This act also reduced the domestic money supply which in turn raised interest rates which hurt the farmers and anyone who carried a large amount of debt. Times were tough during this period and before the act was passed too. We have the Black Friday panic of 1869, Chicago fire of 1871, the influenza in 1872 and now we have the demonetization of silver in 1873. The Long depression was not just felt in the United States it went worldwide starting in 1873 and going all the way through 1879.

Here comes the Bland-Allison Act in 1878 that requires the United States Treasury to purchase at the market price $2,000,000 to $4,000,000 worth of silver each month. This silver was to be minted into silver dollars at a ratio to gold of 16 to 1. The president at the time Rutherford B. Hayes vetoed this act but congress overrode his veto and the act was passed. At first the Morgan was called a Bland dollar later in the twentieth century they started calling them Morgan dollars.

 

 



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Why low Mints between 1892-1895?


Nov 07, 2012


 

Many factors contributed to low numbers from 1892-1895 for the Morgan Silver Dollar. 

When the Sherman Silver Purchase Act came about in 1890 it stated the Treasury had to purchase $4,500,000 Silver each month. One thing to note the Treasury didn't have to mint this silver into silver dollars right away. They looked around the vault and saw lots of uncirculated silver dollars which slowed down production. The government purchased the silver with Treasury notes which could be redeemed in either silver or gold. How would you choose to redeem your money silver or gold? Most choose gold which caused a fear of the gold reserves dwindling to nothing. 

Cleveland was re-elected in 1892, he opposed the silver interests.By 1893 Cleveland had taken the Sherman Silver Purchase to Congress and had it repealed. Now you have a president that opposes the free coinage of silver, a year of panic as the gold reserves get low. A farm depression going on, a business slump abroad. 

The Comstock mines for the Carson City mint had slowed down on their output. U.S. Mint director at the time closed the coining department for a bit and had all silver sent to San Francisco, the refining department stayed open. The final blow to Carson City being closed for good was when an investigation into ingots returning from the melting room returning much lighter. In the end $75,549.75 of gold went missing! 

When Mckinley was elected in 1896 things changed a bit for the silver interest groups. Now it seemed there were more weighing in for silver than against. 

 



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Vinyl Coin Flips, Coin Holders


Oct 23, 2012

 

100 Pcs. 1-7/8" x 1-7/8" Vinyl Coin Flips, Coin Holders


List Price: $8.99
Price today $7.60

One reviewer said "these are not bad at all and a good price. I use them to store some coins and keeping them from contacting each other. Also for sending in to grading. They work perfectly find and if I need more, for the pirce, I'll probably get them"


Official Product Description:

A twin vinyl coin holder, complete with identifying insert. Put the coin in one pocket, the insert in the other, and flip it over - the coin and its identification are inseparable! The inserts are die-cut on a sheet. - 2 x 2 Double Pocket Coin Flips with insert - High quality double pocket vinyl 2x2 coin flips - Paper inserts for easy coin identification - Insert two coins or one coin and a insert - Heavy- Duty Vinyl Material (4.5 mil) - Double polished clear finish - Material manufactured in USA - Highest weld strength attainable for this material - Straight bar seals Dimensions - Pocket 1 7/8 x 1 7/8


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How many Morgan Dollars were minted each year?


Oct 16, 2012

 

How many Morgan Dollars were minted each year?

Every year had a story to tell. In the beginning silver was around $1.10 per ounce and stayed that way for quite awhile. The Treasury followed the Bland-Allison Act and purchased the minimum of $2,000,000 worth of silver each month. The Treasury was pretty unsympathetic when it came to silver, but faithfully purchased the amount required each month. You can see in the chart below that Morgan's were pretty steady from 1878-1885

Between 1886 to 1890 the price of silver fell to about $0.90 per ounce. This meant the Treasury had to increase the amount of Silver Dollars to keep with the quota presented by the Bland-Allison Act.

In July 1890 The Sherman Silver Purchase Act was passed and the Bland-Allison Act repealed. This new act required the Treasury to purchase $4,500,000 ounces of Silver Bullion each month.

There is a dip in mints produced starting in 1891 for a few years. This is because under the Sherman Silver Act the Treasury had to purchase the silver, but didn't have to turn around and mint it that year. Since there were a lot of uncirculated silver dollars sitting in the vaults production slowed down. Plus you have the financial panic of 1893 and Cleveland who opposes the silver efforts.Carson City Mint is closed for awhile. All these contribute to the fall of Silver minted each year. 

Of course the year the most were minted was 1921!

What is your favorite Morgan year, and why?

Morgan Dollars Minted By Year

1878 Silver Dollar - 22,495,550
1879 Silver Dollar - 27,560,100
1880 Silver Dollar - 27,397,355
1881 Silver Dollar - 27,927,975
1882 Silver Dollar - 27,574,100
1883 Silver Dollar - 28,470,039
1884 Silver Dollar - 28,136,875
1885 Silver Dollar - 28,697,766
1886 Silver Dollar - 31,423,886
1887 Silver Dollar - 33,611,710
1888 Silver Dollar - 31,990,833
1889 Silver Dollar - 34,651,811
1890 Silver Dollar - 38,043,004
1891 Silver Dollar - 23,562,735
1892 Silver Dollar - 6,333,245
1893 Silver Dollar - 1,455,792
1894 Silver Dollar - 3,093,972
1895 Silver Dollar - 862,880
1896 Silver Dollar - 19,876,762
1897 Silver Dollar - 12,651,731
1898 Silver Dollar - 14,426,735
1899 Silver Dollar - 15,182,846
1900 Silver Dollar - 24,960,912
1901 Silver Dollar - 22,566,813
1902 Silver Dollar - 18,160,777
1903 Silver Dollar - 10,343,755
1904 Silver Dollar - 8,812,650
1921 Silver Dollar - 86,730,000

These numbers came from "Morgan & Peace Silver Dollars"



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1890 Silver Dollar


Oct 12, 2012

1890 Silver Dollar

1890 Silver Dollar
Mintage Circulation strikes: 16,802,000
Proofs: 590
There is no mint mark on the coin which means it was minted in Philadelphia.

1890-CC Silver Dollar
Mintage Circulation Strikes: 2,309,041
Proofs: 0
Minted in Carson City

1890-O Silver Dollar
Mintage Circulation strikes: 10,701,100
Proofs: 0
Minted in New Orleans

1890-S Silver Dollar
Mintage Circulation Strikes: 8,230,373
Proofs: 0
Minted in San Francisco

Random Facts of 1890

The 1890 Census - U.S. Resident Population 62,979,766
  -As of today October 12th, 2012 the current population in the U.S is 314,564,250. If you want a crazy number the

population in the world as of today is 7,045,221,822.

The president was Benjamin Harrison (March 4th 1889 - March 4th, 1893

Ellis Island (NYC) opens as a US immigration depot

Largest city in 1890 New York City, NY population 1,515,301

Idaho and Wyoming become states

Wounded Knee Massacre occurred on 12/29/1890

Yosemite National Park was created

Canad and Bermuda are linked by telegraph cable

Great-Britain & Germany sign Zanzibar-Helgoland Treaty

16th Kentucky Derby: Isaac Murphy aboard Riley wins in 2:45

Alice Sanger becomes 1st female White House staffer



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Dansco Morgan Silver Dollars Date Set Album


Oct 08, 2012

This Morgan Silver Dollar Date Set Album makes it perfect for display! Some of your precious Morgan's might be kept in a house safe or even a safety deposit box outside your home. But sometimes it's fun to show off what you have! 

A little information about each coin can be found under the port for the coin on the page. This album holds one Morgan Dollar from each date 1878-1904 plus one for 1921. The dates don't include the mint marks so this book is for collecting only by year.  The Morgan's you choose to put in this book can be minted in any of the four mints. Philadelphia, San Francisco, New Orleans or Carson City. The goal to fill this book would be to collect one Morgan from every year it was minted.

Clear plastic slides within each page to make sure your Morgan is nice and secure, plus it allows for easy viewing from both sides of the coin. This way you can flip the page and see the reverse side of the coin. The Dansco Date Set Album was made in the U.S.A.

 Where do you store your Morgan Silver Dollars, and do you keep any on display?



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Historic Moment captured one still at a time


Oct 01, 2012

The Panic of 1873

This is a pretty cool video I came across on YouTube! It shows still pictures of historical moments one by one. Starting off with the Pony Express in 1860. The Pony Express was a fast mail service that crossed the Great Plains, the Rocky Mountains, and the High Sierra from Missouri all the way to California. That same year we had Abraham Lincoln became the Untied States 16th president.

It goes through the The American Civil War 1861-1865, France intervention in Mexico 1861-1867, Muslim Rebellion in China 1862-1877. 

Yellowstone National Park opens in 1872. Thomas Edison invents the Phonograph in 1877, Alexander Graham Bell invents the telephone in 1876.

It didn't have any pictures of the Morgan dollar, but it did have the the panic of 1873 which was one of the predecessors to the Bland-Allison Act in 1878.  What it did have was a lot of interesting pictures in history from 1860 - 1898.

 



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1882-CC GSA BU Silver Morgan Dollar


Sep 26, 2012

On Amazon you can purchase this 1882-CC GSA BU Silver Morgan Dollar gem! In original GSA holder, great investment!

Official Product Description:

Carson City Silver Dollars are some of the most sought after coins ever made. Own a piece of the GSA Hoard by purchasing this deluxe set of GSA Carson City Silver Dollars . This hoard was discovered in in the 1970s and was distributed by the US Government. Each coin comes in its original plastic holder as it was issued by the government. 

About the Morgan Carson City Dollars sold:

The GSA sold 3 million Morgan Carson City Dollars between 1972-1974 by mail order.

President Nixon signed the Bank Holding Company Act Amendments in December of 1970 this act authorized the GSA - General Services Administration the - to sell Morgan Dollars. With a little bit of funding from congress the GSA staff started inspecting, sorting and packaging the Carson City Morgan Dollars. 

It was an intense operation! At first they thought they could make the sorting process go smoother by using an automatic scanning machine. This machine would be able to scan the obverse and reverse sides of the coin to find out the date, mint mark etc. But this was rejected in fear the machine might add more scratches to the silver dollar plus it really couldn't inspect the small subtle grades like a real person. Can you imagine sorting by hand some 3 million coins! 

 Do you own any Morgan dollars minted in Carson City?



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The Carson City mint produced more than the Morgan in it's short run!


Sep 19, 2012

The Carson City Mint


There are 4 different cities the Morgan Silver Dollar was minted:

Philadelphia - no mint mark
San Francisco - S
New Orleans - NO
Carson City - CC

The one I wanted to talk about today was the Carson City Mint. Established to take on the the silver mines in Comstock Lode. When someone heard that either gold or silver was discovered folks would rush in from all over to steak their claim. It was no different in 1859 when the discovery of silver went public at the Comstock Lode. In no time at all mining camps were thriving all over the area.

The Carson City Mint was built at the peak of the silver boom. The Morgan wasn't its only mint either. All in all 50 issues of silver coins and 57 issues of gold coins were minted in Carson City. The Carson City mint ran from 1870-1885 and 1889-1893

Gold Denominations:

Half Eagle or $5.00 Gold (1870-1884 and 1890-1893)
Eagle or $10.00 Gold (1870-1884 and 1890-1893)
Double Eagle or $20.00 Gold (1870-1885 and 1889-1893)

Silver Denominations:

Seated Liberty Dime (1871-1878)
Twenty-Cent Piece (1875-1876)
Quarter Dollar (1870-1878)
Half Dollar (1870-1878)
Dollar (1870-1885 and 1889-1893)

Carson City wasn't in operation the entire time the Morgan was minted. They were minted there between  1878-1885 and in 1889-1893 so you will find quite a few gaps in years if you're collecting by mint. Maybe that is what make them so collectible! I believe the 1889-CC Morgan, 1893-CC and the 1879-CC are the most desirable Carson City Dollars to own.

What is your favorite Carson City Morgan year?



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Is the Silver Eagle the Modern Morgan?


Sep 14, 2012

 

Is the Silver Eagle the Modern Morgan?

Perhaps the Morgan Silver Dollar wasn't the most popular coin on the block when it was first introduced to the public in 1878. Even when the U.S. mint stopped minting the Morgan in 1921 the popularity of the Morgan was not huge. The Morgan dollar sat and sat in the treasury vault. Somewhere in the early 1960's the public started to notice, started to care and started to collect. I just love the feel of a Morgan when you're holding it. There is something about the size, weight the feel of the edges that feels right in my hands.

I just read an very interesting post by Eric Jordan, on Numismatic News referring to the Morgan as the Modern Morgan.

So why might the silver eagle strike the heart of coin collectors. Eric Jordan gives us 7 good reasons:

1. Massive high grade populations that are cheep
2. High silver content
3. Large size
4. Beautiful designs
5. Varied finishes (matte, burnished, reverse proof, cameo proof)
6. Low population mint marked issues that rule the huge set with an iron hand
7. the marketing support of the U.S. mint

In 2006 the Silver Eagles purchased jumped right around the time the U.S. government starting offering lower mintage interesting special issues. It's an interesting read very in depth article about the Silver Eagles.

Do you collect other coins besides the Morgan Dollar?



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The Official Red Book is out for 2013!


Sep 10, 2012

The Official Red Book is out for 2013! A Guide Book of United States Coins 2013! Published on April 3rd 2012 this is a very up to date book! 

 

List Price: $29.95

Price: $19.77 That's a savings of 34%! Plus eligible for FREE Super Saver Shipping on orders over $25.00

Official Book Description:

Go easy on your eyes so you can spot more treasures while you re adding to your coin collection!

The Official Red Book® is now available in a very popular LARGE PRINT edition, with easy-to-read large-size print and enlarged color photos. The best way to learn about your coins is with bold, easily legible text and high-detail photographs. The 2013 Large Print Edition of the Guide Book of United States Coins is designed with this experience in mind. Each page is 45% larger than the classic red hardcover edition, and it has all of the prices, mintages, specifications, and historical information everything you expect from the world s best-selling coin price guide. Full color. 448 pages. Spiralbound Softcover. 8-1/2 x 10-7/8 inches.



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How they designed a Morgan Silver Dollar


Sep 05, 2012

How they designed a Morgan Silver Dollar

 


 

 

All dies were prepared at the Philadelphia mint. That goes for both the Morgan Silver Dollar and the Peace Dollar. It was thought that the Western mints didn't have the right equipment to get the job done. Creating a die was suppose to be an exact process since whatever imperfection shows up on the die will show up on the coin once its struck. Lucky for us not all dies were created perfectly making collecting them interesting. 

Now on to how did they actually end up with a design on a die! First off all designs start off as a sketch.After after a design is picked a model that is much bigger than the actual coin. This is usually around eight inches. After touching up and making it just right a mold is made of the extra large coin. Dipping this mold into hot beeswax gave it enough stick for the powdered copper to stay on. Switching back and forth from copper to nickel the powdered copper was electroplated to form a Galvano Plate. 

Now what? You have a big ol' piece that looked exactly like your coin, but was way to big! At first they used a machine called the Contamin Portrait Lathe or transfer lathe. What it did was traced the larger coin and the same time duplicating the moves on a much smaller scale, on the die.The engraver would then come in and touch up the rest of the coin.  By 1907 things were improving and they used a machine called the Janvier was extremely accurate and didn't require the engraver to touch up at the end. The Janvier machine is still in use today! 

After all this work you didn't want your master hub to be ruined. So the master hub was made into exact copied dies that were used for striking. But really it went a step further since they didn't want the master hub to deteriorate over the years. So really the master hub made a master die which made a hub that could make up to 250 dies.

Some dies would be removed when the slightest imperfection was noted while others stayed a bit too long striking coins. A very interesting tale of how a sketch becomes a die for the U.S. Mint! 

Photo Credit: I got this pictures from the book Morgan and Peace Silver Dollars by Leroy Van Allen and A. George Mallis.



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1889 Silver Dollar


Sep 01, 2012

18889 morgan dollar

1889 Silver Dollar

1889 Silver Dollar
Mintage Circulation strikes: 21,726,000
Proofs: 811
There is no mint mark on the coin which means it was minted in Philadelphia.

1889-CC Silver Dollar
Mintage Circulation Strikes: 350,000
Proofs: 0
Minted in Carson City

1889-O Silver Dollar
Mintage Circulation strikes: 11,875,000
Proofs: 0
Minted in New Orleans

1889-S Silver Dollar
Mintage Circulation Strikes: 700,000
Proofs: 0
Minted in San Francisco

Random Facts of 1889

Dr. Herman Hollerith receives the 1st U.S. Patent for the tabulating machine. A tabulating machine  is a device used to assist in summarizing information and later will be used for accounting, developed to help with the 1890 Census.

President Grover Cleveland was just ending his presidency. Benjamin Harrison takes over as president of the Untied States March 4th, 1889 - March 4th, 1893

Benjamin Harrison is the 23rd president

George Eastman places Kodak Camera on sale for 1st time

Thomas Edison shows his 1st motion picture

Start of Sherlock Holmes "Adventure of Copper Beeches" there are many Sherlock Holmes that start in 1889

2' of snow accumulates in Rawlins Wyoming

U.S. Mint at Carson City, Nevada reopens! When President Benjamin Harrison was elected president the silver supporters cheered! 

Check out these two posts if you want to learn more about - No Carson City Morgan Dollars minted from 1894-1921 and No Carson city Morgan Dollars minted from 1886-1888



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Great book on the history and varities of the Morgan & Peace Dollar


Aug 23, 2012

Comprehensive Catalogue and Encyclopedia of U.S. Morgan and Peace Silver Dollars

If you want a book that talks about the history of the Morgan and Peace dollar and the different varieties this book is for you! They call it the Comprehensive Catalogue and Encyclopedia of U.S. Morgan and Peace Silver Dollars. And yes, it should be called an Encyclopedia! They cover every aspect one could think of when it comes to our collection. 

You can buy this book used on Amazon for a very reasonable price. I have seen them as low as $18.00. but the price varies depending on who is selling the book at the exact moment you decide to buy the book. There are 316 pages of pure Morgan and Peace dollar facts! Starting off at the beginning with the background on the silver dollar, the minting, developing the design, of course different varieties. This book goes into the GSA Sale and how that operation was set up to how they package the silver dollars and mailed them. The book also talks about preserving silver dollars and how to photograph them! Great reference book to own! 



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Informative Morgan Silver Dollar Video!


Aug 17, 2012

Morgan Silver Dollar 1878-1904 +1921

 

Good information about the mint marks on the Morgan Dollar! Did you know the only date to have the D mint mark was the 1921 Silver dollar minted in Denver. The mint went all out this year minting 44,690,000 in Philadelphia, 20,345,000 in Denver and 21,695,000 in San Francisco.

He talks about the intricate detail of the coin, almost a piece of art he says. I say yes, it's a piece of art!  When you look a the beautiful design and all the delicate work that went into creating each and every die. All the people involved in the creation, it's amazing!

One of the easiest places to see wear on a coin is the Eagles feathers so keep an eye on those when judging a grade. Keep an eye on the trail feathers as well as the blossoms on the obverse side of the coin. Don't forget about the wheat stalks you will want to see some definition.

He talks about when you get up to MS65 state better look to a one of the two major grading companies for a grade. The NGC (Numismatic Guaranty Corporation) or  PCGS (Professional Coin Grading Service).

Very informative video!

Video Credit goes to: ScrapGoldBuisness



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