The History of the Morgan Dollar
The Morgan Dollar is one of the most recognisable and widely collected coins in American history. First struck in 1878, it was designed by British-born engraver George T. Morgan, whose initials can be found on the base of Liberty's neck.
The coin was authorised under the Bland–Allison Act of 1878, which required the United States government to purchase large quantities of domestically mined silver and convert it into silver dollars. This legislation was introduced to support the American silver mining industry during a period of falling silver prices.
Morgan's design featured a portrait of Lady Liberty on the obverse and a heraldic eagle with outstretched wings on the reverse. Unlike earlier Liberty depictions, Morgan based his portrait on Philadelphia schoolteacher Anna Willess Williams, giving the coin a distinctly American appearance.
Morgan Dollars were struck at five United States Mints:
- Philadelphia (no mint mark)
- Carson City (CC)
- New Orleans (O)
- San Francisco (S)
- Denver (D – 1921 only)
Today, the Carson City (CC) issues are among the most sought-after due to their historical connection with the famous Comstock Lode silver mines.
Production continued until 1904, when government silver supplies were exhausted. After a 17-year break, Morgan Dollars returned for a single final year in 1921 before being replaced by the Peace Dollar.
Today, Morgan Dollars remain one of the world's most popular collectible coins. Their combination of history, beautiful design and hundreds of collectible dates and mint marks makes them appealing to both new and experienced collectors.
Whether you're collecting by date, mint mark or simply looking for a classic American silver coin, the Morgan Dollar remains a cornerstone of U.S. numismatics.