1878 MORGAN DOLLAR M.G.C. NO RESERVE!

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1878 MORGAN DOLLAR M.G.C. NO RESERVE! M.G.C. coins are 8mm to 10mm in diameter 0.50 to 0.80 grams 10k to 22k Gold content CERTIFIED COINS ARE AVAILABLE AT: MyMillionSite The Current SILVER & GOLD prices on the day this was listed May 10th 2011 Silver is $ 38.67 USD / Troy Oz. Gold is $ 1,517.71 USD / Troy Oz. History of the MORGAN Dollar The Morgan dollar is a United States dollar coin minted intermittently from 1878 to 1921. It was the first standard silver dollar minted since production of the Seated Liberty dollar ceased due to the passage of the Fourth Coinage Act The coin is named for its designer, George T. Morgan. Morgan's design was based on work previously done by him on earlier pattern coins The obverse depicts a profile portrait representing Liberty, while the reverse depicts an eagle with wings outstretched. Both Morgan and then Chief Engraver William Barber submitted designs for the dollar; Mint Director Dr. Henry Richard Linderman recommended those of Morgan. The dollar was authorized by the Bland-Allison Act. Following the passage of the Fourth Coinage Act, which ended the free coinage of silver and the mintage of silver dollars, mining interests lobbied to restore the free coinage. Instead, when the Bland–Allison Act was passed, the Treasury was required to purchase between two and four million dollars worth of silver to be coined into dollars each month. Later, in 1890, the Bland–Allison act was repealed. The new provision, under the Sherman Silver Purchase Act, required the Treasury to purchase 4,500,000 ounces of silver each month, but only required silver dollar production for one year. This act, in turn, was repealed in 1893. In 1898, an act was approved that required all remaining bullion purchased under the Sherman act be coined into silver dollars. In 1904, silver reserves were depleted. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Under the act, Morgan dollars resumed mintage for one year, 1921. The design was replaced by the Peace dollar in the same year. *** The Bulk of Our Estate items are in the form of Currency, Silver & Non-Silver Coinage Including: Morgan, Peace, Eisenhower Silver dollars, Liberty Walking, Franklin, Kennedy Half dollars, Standing liberty, Washington Quarter dollars, Liberty Head, Mercury, Roosevelt dimes, Indian head / Buffalo, Jefferson Nickels, Indian head, Lincoln Wheat and Memorial cents *** We also have a Large selection of currency from $1 to $100 dollar Notes, Silver Certificates, Federal Reserve Notes Our entire collection is stored in a Dry Temperature Controlled location *** We also offer Certified coins and other hard to find Collectables in the form of Actual State issued Gold and Silver Coins. A Certified Coin or Currency is an item that is graded by a source such as PCGS or ANA, These are grading companies for actual State, Government, or Historic coins. Our Certified coins are at MyMillionSite & we list Estate items and M.G.C. coins on several auction sites. *** Our M.G.C. Coins Series include: 1907 Saint Gaudens, 1978 S.A. Krugerrand, 1942 Walking liberty,1924 Standing Liberty, 1934 buffalo nickel, 1894 Morgan Dollar,1971 Eisenhower Dollar & Maximillian Gold Coins. These are Miniature Gold Coin replica's this is where the term M.G.C. originates. If you have a vacant spot in your collection you can use this as a place holder coin until the actual coin you seek is available. The Picture's Contain both the state issued coin and a MGC for size comparison to the actual coins for sale. These Coins were produced from 1966 to present, & they range from 8mm to 10mm in diameter 0.50 to 0.80 grams, 10k to 22k gold content. These coins can be any or all of the type or grade described. If you have any Questions Please E-Mail To: *** We accept all forms of Legal Payment. Payment is expected within 3 days of completed Auction or Purchase.Pay Pal is only one of the ... read more

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