Morgan Silver Dollars

Morgan Silver Dollars

The Morgan Silver Dollar, named after its designer, George T. Morgan, is one of the most popular of all American coins. Produced from 1878 to 1904, and for one year in 1921, they are comprised of 90% silver and 10% copper and are acceptable as legal tender. Morgan Silver Dollars weigh approximately 0.86 troy ounces (26.73 grams) and have an almost identical silver content to the original Spanish dollars of which they are modeled.

Whilst many Morgan Silver Dollars have significant value, with some specimens fetching well into the six figures, less elusive coins from multiple years and mints can be acquired at a much more reasonable price. For this reason, and the fact that Morgan Dollars have a numismatic value and are considered non-confiscatable, they are some of the most popular silver coins amongst investors and collectors alike.

Silver Dollars were once the mainstay of Las Vegas casinos, where they were used in slot machines. However, once silver prices advanced beyond the face value of the coins, the casinos converted over to chips and tokens.

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