1897 S UNITED STATES of America OLD US Silver Morgan Dollar Coin EAGLE i117142

$997.00 $897.30

Availability: 1 in stock

SKU: i117142 Category:

Item: i117142

 Authentic Coin of:

United States of America – Morgan Silver Dollar
1897 S Silver Dollar 38.1mm (26.78 grams) 0.900 Silver (0.7734 oz. ASW) San Francisco Mint. Mintage: 5,825,000
Reference: KM# 110
  E ◦ PLURIBUS ◦ UNUM, Head of Liberty left wearing tiara inscribed LIBERTY; 13 6-pointed stars around.
UNITED STATES ONE DOLLAR IN GOD WE TRUST around American Eagle with open wings and head left, clasping arrows and olive branch within wreath.

You are bidding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.


The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and then again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named for its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.

The dollar was authorized by the Bland-Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland-Allison Act was passed, which required the Treasury to purchase between two and four million dollars’ worth of silver at market value to be coined into dollars each month. In 1890, the Bland-Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, in turn, was repealed in 1893.

In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. The design was replaced by the Peace dollar later the same year.

In the early 1960s, a large quantity of uncirculated Morgan dollars was found to be available from Treasury vaults, including issues once thought rare. Individuals began purchasing large quantities of the pieces at face value, and eventually the Treasury ceased exchanging silver certificates for silver coin. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan’s reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building.


Frequently Asked Questions

Mr. Ilya Zlobin, world-renowned expert numismatist, enthusiast, author and dealer in authentic ancient Greek, ancient Roman, ancient Byzantine, world coins & more.
Mr. Ilya Zlobin, world-renowned expert numismatist, enthusiast, author and dealer in authentic ancient Greek, ancient Roman, ancient Byzantine, world coins & more.

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You are dealing with Ilya Zlobin, ancient coin expert, enthusiast, author and dealer with an online store having a selection of over 15,000 items with great positive feedback from verified buyers and over 10 years experience dealing with over 57,000 ancient and world coins and artifacts. Ilya Zlobin is an independent individual who has a passion for coin collecting, research and understanding the importance of the historical context and significance all coins and objects represent. Most others are only concerned with selling you, Ilya Zlobin is most interested in educating you on the subject, and providing the largest selection, most professional presentation and service for the best long-term value for collectors worldwide creating returning patrons sharing in the passion of ancient and world coin collecting for a lifetime.

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MPN

United States Morgan 6e5d8007-cbd

YEAR

1897

COUNTRY/REGION OF MANUFACTURE

United States

COIN

Morgan

CERTIFICATION

Uncertified

MINT LOCATION

San Francisco

CIRCULATED/UNCIRCULATED

Uncirculated

COMPOSITION

Silver

DENOMINATION

$1

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