The History of the Morgan silver dollars dates back to the year 1878 and today, these are one of the most sought coins among the coin collectors all over the world. These coins were issued after the Bland- Alison act came into existence and they were named after their designer, George.T.Morgan. The bland Alison act caused the increase in production of silver dollars resulting in the accumulation of a large number of these coins in the banks and treasuries. They coin was continuously produced till the year 1904, and then after a break, in 1921, when they finally stopped issuing these coins. For many years after that, these coins were easily available to any coin collector, that too at very cheap prices. The collection in the banks was so enormous that even the coins which were in the mint state had only about $1 price value.
The history of silver dollars
But as the years passed by, situations changed. In 1962, the US government made a big attempt by starting to sell a bag of 1000 silver dollars together to the public. This idea hit the spot and people began flocking in to buy these bags expecting to find some rare coins among the 1000 pieces given. Within very little time, thus the government managed to sell almost all coins to the public. And from then on, the Morgan silver dollars became a proud part of every coin collector’s collection, adding to the beauty of the collection they had. The physical appearance and the historical importance of these coins then started attracting more and more new people to buy and stock these coins. Even today, these coins are sought for widely owing to their historical importance and the pride they give to the owner. So if you are a coin lover, do make sure that you have at least one of these in your collection.
Where to buy silver dollars
One of the most famous silver dollars today is the silver eagly. The best place to buy them is JM Bullion.
