Know the History and Composition
Morgan silver dollars were designed by George T. Morgan and were minted from 1878 to 1904, and again in 1921. This coin was named after the designer according to the Bland-Allison Act. Coin collectors should be very careful to use only the most reputable grading companies to grade and authenticate these coins. The composition of a Morgan silver dollar is 90 percent silver and 10 percent copper. The weight of the coin is 26.73 grams. It has a diameter of 38.1 millimeters and has a reeded edge.
Find the Mintmark
Morgan silver dollars were minted in San Francisco (S), Denver (D), New Orleans (O), Carson City (CC), and Philadelphia (P). Only the coins minted in 1921 will have a (D) mint mark. The mint mark is located on the backside of the coin, just above the bottom.
Check Marks on the Front
On the front side of a Morgan silver dollar is Lady Liberty's head, facing to the left. A wreath of wheat and blossoms surrounds her head, and the designer's initials are in the bottom edge of her hair. Along the outer rim are 13 stars. The words "E Pluribus Unum" are along the top of the coin, and the date is on the bottom edge.
Look at the Back
The back side of the coin contains an eagle with spread wings, holding in its talons four arrows with nocks and a branch. The words "In God We Trust" are inscribed above its head. Breast feathers and tail feathers are evident on the eagle's body. The words "United States of America" encircle the coin, and "One Dollar" is inscribed on the bottom rim. The mint mark is found directly above these words. The designer's initials are found in the wheat stalk above the mint mark.
Inspect for Signs of Wear
Because of the number of coins minted, they are popular coins to collect. Contact marks on Lady Liberty's head and cheek will be apparent, caused from the contact with other coins in mint bags. Fewer contact marks result in higher coin grade. The coin grade directly affects the value of the coin.
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