1895 Morgan Silver Dollars

 

1895 Morgan Dollar
In 1873 Congress passed the Fourth Coinage Act. The act demonetized silver, ending silver dollar production. This was reversed by the Bland-Allison Act of 1878, which required the U.S. Treasury purchase a few million dollars of silver per month to be minted and circulated as silver dollars.

The design by George Morgan consisted of an eagle and a Liberty Head on opposing sides with inscriptions necessitated by law. This new Morgan Dollar entered production at the Philadelphia Mint, no mint mark, in 1878. Mints in San Francisco, “s”, and Carson City, “cc”, would follow shortly thereafter. The New Orleans Mint, “o”, began production in 1879. The Morgan dollar would be produced from1878-1904 and 1921.
 
    To the collector the most valuable vintage is the Morgan Dollar of 1895. Due to its rarity and worth it has been dubbed the “King of the Morgan Dollars”. Mint records indicate that 880 Proofs and 12,000 circulation coins were struck. Of the estimated 80-500 coins in existence, it is believed that all were part of the 880 Proofs. Depending on condition and type an individual coin may sell from the low thousands to tens of thousands of dollars, some have sold for upwards of $120,000.