The first Morgan Silver Dollar was struck in Philadelphia on March 11, 1878, after the pass of the Bland-Allison Act less than two weeks prior. This master coin, now housed at the Rutherford B. Hayes Presidential Library & Museums, consisted of 90 % flatware and 10 % copper .
The fresh Morgan Silver Dollar replaced the previous iteration known as the Seated Liberty Dollar, which, five years earlier, was rendered defunct by the Coinage Act of 1873. This fourth neologism work besides ended the free coin of ash grey, effectively acknowledging the gold standard.
Twelve years after its excrete, the Bland–Allison Act was replaced in 1890 by the Sherman Silver Purchase Act, followed by even another substitution bill in 1898, which required all remaining bullion purchased under the Sherman Act to be coined into ash grey dollars. When those ash grey reserves were depleted in 1904, the Mint ceased hit of the Morgan dollar .
It wasn ’ t until 1921 that the Morgan Silver Dollar would reemerge and make its way onto the populace phase. In 1918, near the end of World War I, the Pittman Act led to the melting down and sell of more than 270 million Morgan Silver Dollars to Britain in an attempt to bolster that state ’ second wartime economy. The act necessitated that fresh dollars be produced, and as such, the Morgan Dollar was restruck in 1921. Since the master mint dies had been destroyed by this distributor point, George T. Morgan had to create new versions from which to strike the 1921 coins. Because of this, coins from this year have a distinct search from those of the by and are consequently highly sought after by contemporary investors.
shortly after WWI ended, a commemorative peace Dollar was minted to mark the end of the war. This new coin became then popular that production on the Morgan Dollar was ultimately ceased, last putting an end to the coin ’ randomness storied run .
While most of the Morgan Dollars were minted in Philadelphia, a modest mint was established in Carson City, Nevada near the source of the Comstock Lode. mine here was ephemeral, and as a leave, the Carson City mint closed in 1893. Nonetheless, the batch ‘s construct remains intact and is presently home to the Nevada State Museum, Carson City .
The Morgan Dollars minted in Carson City are rare and highly coveted nowadays. While the Philadelphia coins don ’ triiodothyronine feature mintmarks, a “ CC ” index appears on the Carson City issues. Morgan dollar coins were besides struck in San Francisco, New Orleans, and Denver, and these coins come with mintmarks of “ S ”, “ O ” or “ D ” respectively .