The Morgan Silver Dollar is held in high regard by every coin collector, since it epitomizes the greatest manifestation of the artistic and historical achievements of the United States. However, what makes this classic coin inspiring is the never-ending design and importance of the United States Mint, which will reissue it in 2024. The following information every collector needs to know about this latest release and the meaning it has in the past, unlike the time it was created.
The Morgan Silver Dollar: A Brief History
It was in 1878 when the Morgan Silver Dollar was minted and became a symbol for the westward expansion of the United States of America as well as the beginning of the industrial age. On the obverse of the coin stands the image of Lady Liberty, designed by George T. Morgan, Chief Engraver of the United States Mint. In Morgan’s work, Lady Liberty is dressed with a Phrygian headdress, embroidered with wheat and cotton, which symbolizes freedom and unison. The other side of the coin has an eagle majestically holding an olive branch and arrows, symbolizing the concept of peace as well as strength. A brief revival of the Morgan Silver Dollar in 1921 helped to firmly establish its position as an important figure in the annals of numismatic history. The initial manufacture of the Morgan Silver Dollar had ceased in 1904.
2024 Morgan Silver Dollar Reissue: Key Details
To pay homage to the legacy of the Morgan Silver Dollar, on July 11, 2024, the United States Mint released the US version of the Morgan Silver Dollar minted in 2024. It is a modern re-strike with an actual mass of 0.859 troy ounces and with a diameter of 38.1 millimeters with an alloy of 99.9% pure silver. The coin is from Philadelphia Mint but does not have a mint. The application of the measure as far as possible ensures that the currency shall be historically correct and follow strictly the original design.
Mintage Limits and Ordering Policies
The Morgan Silver Dollar will be ready for release into the market this year 2024 with a mintage of 275,000. When launching the service in the first twenty-four hours, the initial household order was set at 25 coins to ensure that every person gets a fair chance. Several measures are being considered in order to prevent hoarding as well as to circulate this money to a wider group of collectors.
Packaging and Presentation
The 2024 Morgan Silver Dollar is presented in a stunning clamshell casing that is encased in a blue presentation box. Additionally, the packaging comes with a outer sleeve that features the design on the obverse side of the coin, and also contains the official seal of the United States Mint. Besides, it has an authenticity certificate that makes the release not only physically good-looking but also an historic personality.
Collectibility and Market Value
The intricate details and historical nature make up most of the reasons why the Morgan Silver Dollar appears to be the attractive issue. While the 2024 issue is a modern commemoration, considering the complexity in its production and low mintage, it becomes highly more desirable. Since the value of the coin might change according to demand, condition, and the price of silver at present, collectors need to monitor how the trends in the secondary market are developing.
| Specification | Details |
|---|---|
| Composition | 99.9% Fine Silver |
| Weight | 0.859 Troy Ounces |
| Diameter | 38.1 mm |
| Finish | Uncirculated |
| Mint | Philadelphia (No Mark) |
| Mintage Limit | 275,000 Coins |
| Initial Price | $91 |
| Release Date | July 11, 2024 |
Why Collectors Value the Morgan Silver Dollar
Despite its age, the Morgan Silver Dollar is still a very important coin in American numismatics. It was a long-time favorite coin because of its artistic value and famous history. Both experienced collectors and new enthusiasts will have the chance to gain a piece of history when the 2024 reissue is brought out. A reissue can be considered a connector that links the old with the new. This coin will surely attract collectors for years to come; whether it’s a historically preserved relic or a new treasure that is currently found.
FAQs
1. What is the Silver Morgan Dollar?
One of the most notable U.S. coins, the Silver Morgan Dollar was produced between 1878 and 1904 and again in 1921. Liberty is featured on the front, while an eagle is featured on the back. It is renowned for its silver content and collecting value.
2. When was the Morgan Dollar first released?
In 1878, the Morgan Dollar was initially struck as part of the Bland-Allison Act, which mandated that the U.S. Treasury buy a lot of silver to manufacture into coins in order to boost the country’s silver supply.
3. Why was the Morgan Dollar discontinued?
Due to the Coinage Act of 1873 and dwindling silver supplies, the Morgan Dollar was phased out in 1904. It was out of circulation after making a brief comeback in 1921 and was replaced by the Peace Dollar.