Product Information
This collection showcases two of the largest and most popular silver coins ever minted by the United States—the Morgan and Peace silver dollars. The Morgan dollar was issued from 1878 to 1904 and again in 1921. During that same year, it was replaced by the Peace Dollar, which was produced until 1935. The Peace dollar was the last true silver dollar ever minted for ordinary circulation. Today, these coins are seldom seen but are cherished by coin collectors and enthusiasts of American history alike. Offered here is a pair of pleasant, mint-state examples hand-selected by professional numismatists after screening thousands of coins for quality and eye-appeal. Each coin is housed in an airtight capsule and presented in a luxurious, plush-lined wood box with embossed metallic gold lettering, piano-black finish, and certificate of authenticity. The coins are unconditionally guaranteed to be genuine, dated between 1878 and 1926, and will match the exceptional mint-state quality of the ones shown. If you are interested in building a collection, consider adding other great selections from the American Classics Coinage Series to compliment your purchase.
HISTORY
Named after the designer, the Morgan dollar was produced from 1878 to 1904 and again in 1921. The obverse depicts Liberty as a youthful woman wearing a Phrygian cap, originally worn by emancipated slaves of ancient Rome, together with a headdress of cotton and wheat, staples of the U.S.economy. The reverse features a bald eagle with outstretched wings, symbolic of the power of the U.S. government. The eagle bears in its salons both an olive branch and 3 arrows, representing a nation of peace but one that is poised for war. The dollar was authorized by the Bland-AllisonAct of 1878, which required the Treasury to purchase an enormous 2 to 4 million dollars' worth of silver each month to be coined into dollars. In1918, the Pittman Act ultimately led to the melting of over 270 million Morgan dollars in treasury reserves. Following WWI, there was a widespread sentiment to issue a coin to commemorate the restoration of peace. The federal Commission of Fine Arts held a competition and invited nine medalists to submit designs for a new dollar. The relatively inexperienced winner was Anthony de Francisci – an Italian immigrant who modeled the depiction of Liberty after his wife Teresa. On this stunning coin, referred to as the Peace dollar, Liberty wears a radiant crown like that worn by the Statue of Liberty. The reverse features a resting eagle clutching an olive branch of peace and looking towards the sun's rays. Production began in 1921 and continued until requirements of the Pittman Act were satisfied in 1928. None were minted from 1929-1933. as demand was low during the Great Depression. Limited production resumed in 1934 and 1935 for the redemption of paper silver certificates. The Peace dollar turned out to be the last true silver dollar ever minted for circulation in the United States. Today, the chosen few that remain are cherished specimens of a bygone era that serve to immortalize the memory of a young, prosperous, and powerful United States of America.
PRODUCT DETAILS
Coin 1:
- Type: Morgan Dollar (1878-1904, 1921)
- Designer: George T. Morgan
- Weight: 26.73 grams
- Diameter: 38.1 mm
- Composition: 0.900 silver and 0.100 copper
- Net silver weight: 0.77344 oz pure silver
- Obverse Design: Liberty with Phrygian Cap and headdress of cotton and wheat / 13 stars
- Obverse Inscription: E PLURIBUS UNUM / LIBERTY / DATE
- Reverse Design: Eagle with outstretched wings, bearing an olive branch and arrows in talons / Wreath
- Reverse Inscription: UNITED STATES OF AMERICA / IN GOD WE TRUST / ONE DOLLAR
Coin 2:
- Type: Peace Dollar (1922-1926)
- Designer: Anthony de Francisci
- Weight: 26.73 grams
- Diameter: 38.1 mm
- Composition: 0.900 silver, 0.100 copper
- Net silver weight: 0.77344 oz pure silver
- Obverse Design: Liberty with a radiant crown
- Obverse Inscription: LIBERTY / IN GOD WE TRVST / DATE
- Reverse Design: Eagle perched on a rock with an olive branch in talons / Sun rays
- Reverse Inscription: UNITED STATES OF AMERICA / E PLURIBUS UNUM / PEACE / ONE DOLLAR
- 8 x 6 x 2