The Morgan Silver Dollar was introduced in 1878 and was minted until 1904 when their production was ceased due to depleting US silver reserves. Their production was resumed in 1921 when the Pittman Act was passed but their design was replaced by the Peace Dollar later on in 1921. Morgan Silver Dollars are very popular with collectors nowadays, but back when they were being produced they were negatively perceived by the public.

Morgan Dollars contain roughly .7734 troy ounces of silver and are composed of 90% silver with the other 10% being copper. Cull Morgan Dollars are available at lower premiums over the silver spot compared to their higher quality counterparts.

The obverse of the Morgan Silver Dollar’s rendition of Lady Liberty is one of the most famous images on American coinage. Her left-profile is depicted adorning a headdress with the word ‘LIBERTY’ inscribed on it. The US motto at the time. “E PLURIBUS UNUM” is minted above Lady Liberty with “1921” minted below her.

The reverse features a bald eagle holding arrows and an olive branch in its talons. The face value ‘ONE DOLLAR’ is imprinted below this image, while ‘UNITED STATES OF AMERICA’ encircles the Eagle.