1878-1904, 1921 Morgan Silver $1 Dollar BU 50 Coin Set (Random Years/Mint Marks) | American Heritage Bullion

1878-1904, 1921 Morgan Silver $1 Dollar BU 50 Coin Set (Random Years/Mint Marks)

PRODUCT ID: 10032

  • $2,396.03


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Includes: 50 Morgan Silver Dollar Brilliant Uncirculated (BU).  You will receive years between 1878 - 1921 and you will be guaranteed to receive two sets of the 1921 P, D & S which is the last year of the Morgan Silver Dollar. 

These large Silver coins are known for their value, quality of strike, design and beauty. Although it is probably the most common of all 19th-century U.S. coins, Morgan Silver Dollars hold vast historical significance, being a major part of America's early development westward. There are many varieties and overdates, which makes collecting Morgan Silver Dollars a real challenge.

The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched.

The dollar was authorized by the Bland Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland Allison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. In 1890, the Bland Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, once again, was repealed in 1893.

In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. The design was replaced by the Peace dollar later the same year.

Production of the coins did not commence until March 11, more than a week after the passage of the Bland Allison Act. The first acceptable strike, after adjustments to the press, was coined at 3:17 p.m. at the Philadelphia Mint This piece was given to President Hayes; the second and third were given to Secretary of the Treasury John Sherman and to Mint Director Henry Linderman. Linderman desired to involve the western mints of San Francisco and Carson City in production in order to help reach the monthly quota necessary under the Bland Allison Act. Pressure was so great at the Philadelphia Mint that it halted production of all other coins and began operating overtime. Use of the western mints was delayed, however, as all dies were prepared at the Philadelphia Mint, and it was believed that the Western mints did not have the proper equipment to prepare the dies for use. During the second week of production, Linderman pointed out what he called a "slight imperfection" in the dies for the dollar. The reason for the changes was to reduce the relief of the designs and to change the number of tail feathers on the eagle from eight to seven; this was done because all prior United States coinage depicted the bald eagle as having an odd number of tail feathers.The high relief had caused the dies to have a shorter life.Dies were eventually sent to the Western mints, arriving in both San Francisco and Carson City on April 16, 1878. The New Orleans Mint began striking the new silver dollars in 1879.

The Denver Mint, established in 1906, struck the coins for only one year, in 1921. The mint marks appearing on the coins are none, representing Philadelphia, "CC" for Carson City, "S" for San Francisco, "O" for New Orleans and "D" for Denver. In order to conform to the Coinage Act of 1837, the Morgan dollar contained ninety percent silver and ten percent copper, measured 38.1 millimeters (1.50 in) in diameter and weighed 412.5 grains (26.73g).

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Returns

To be eligible for a return, your item must be unused, in the same condition that you received it and within 7 days of purchase. It must also be in the original packaging.

Please send an email to Support@AHMemail.com to receive an RA (Return Authorization) and address to return your item to. Returning your item without a RA will result in the item being refused and returned to you or possibly lost in our warehouse. We charge a 5% restocking fee on all credit card orders returned. If an exchange is requested, we will work with you to find an acceptable exchange.

Sale items (if applicable)

Only regular priced items may be refunded, unfortunately sale items cannot be refunded/exchanged unless item has defects.

Exchanges (if applicable)

If your purchase has defects and need to exchange, send an email to Support@AHMemail.com and after confirmation, please send your item to the address given as well as including the return authorization number.  If an exchange is requested, we will work with you to find an acceptable exchange.

Gifts

If the item was marked as a gift when purchased and shipped directly to you, you’ll receive a gift credit for the value of your return. Once the returned item is received, a gift certificate will be mailed to you.

Shipping

To return your purchase, you must mail the address given to you upon contacting American Heritage Mint and Bullion.

You will be responsible for paying for your own shipping costs for returning your item. Shipping costs are non-refundable. If you receive a refund, the cost of return shipping will be deducted from your refund.

Depending on where you live, the time it may take for your exchanged product to reach you, may vary.

We highly recommend using a trackable shipping service or purchasing shipping insurance. We don’t guarantee that we will receive your returned item.

We ship items using USPS, UPS, DHL, FedEx and will ship as soon as payments are processed and completed. Items typical ship within 3 - 5 business days from the day the order is placed unless otherwise stated on product page. (Please refer to notes with each item for additional information or adjustments). 

Please note that all Money Orders, Cashier’s, Personal and Business Checks will be held up to 10 business days or until said payment has cleared. Orders will be shipped promptly upon clearance of funds.

Items over $2000 may be sent using secured delivery to prevent fraud. A signature, photo, and other information (required by delivery company) may be required to prevent issues.

To prevent fraud, items with incorrect billing information might be cancelled if we can not verify. Shipments must be sent to billing address on file with your credit card unless approved by our risk department.

RETURNS

Shipping charges for returns are the responsibility of the party returning the item.

Orders may be returned shipped via USPS, FedEx or UPS. We highly recommend that you insure the package for its full value. American Heritage Mint and Bullion does not assume any responsibility for items lost or damaged while in return transit. We only assume responsibility of products while they are in our care, custody and control.




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