$1 Morgan Dollar Silver Coin
In 1878, Congress passed the Bland-Allison Act, lobbied by American mine owners, requiring the U.S. Treasury to purchase large quantities of silver from domestic sources and turn it into silver dollars. George T. Morgan, an Assistant Engraver at the Mint, created the designs—hence the name of “Morgan Dollar.” Because of their large size and handsome designs, Morgan Silver Dollars are among the most popular of all U.S. coins with collectors. You will receive coins produced at the Philadelphia Mint (no mint mark), San Francisco Mint (“S” mint mark), New Orleans Mint (“O” mint mark), and/or Denver Mint (“D mint mark); the tiny mint mark is located above the “DO” in DOLLAR on the reverse. Each Morgan Silver Dollar contains .86 troy oz. of .900 fine silver (net weight of .773 troy oz. of pure silver).
A note about the grades: Select circulated coins will grade Extremely Fine or better, with gentle even wear. Mint State 63 and 64 coins are in certified holders graded by either PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation); an MS-63 coin is strictly uncirculated with nice luster and choice surfaces; an MS-64 coin is brilliant uncirculated with near-gem surfaces and minimal contact marks.