1881-S MORGAN SILVER DOLLAR NGC MS63 PL
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Sold Date: 10/22/2009
Channel: Online Auction
Category: Coins & Currency
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SHOWN FOR YOUR CONSIDERATION IS A VERY DESIRABLE 1881-S MORGAN SILVER DOLLAR. DON'T MISS THIS NGC MS63 PL COLLECTOR COIN. FILL THAT HOLE IN YOUR COLLECTION TODAY .
LIBERTY HEAD OR MORGAN TYPE 1878-1921 The coinage law of 1873 made no provision for the standard silver dollar. During the lapse in coinage in this denomination the gold dollar became the unit coin, and the trade dollar was used for commercial transactions with the Orient. Resumption of coinage of the silver dollar was authorized by the Act of February 28, 1878, known as the Bland-Allision Act. The weight (412 !/2 grains) and fineness (.900) were to conform with the Act of January 18, 1837. George T. Morgan, formerly a pupil of Wyon in the Royal Mint in London, designed the new dollar. His initial M is found at the truncation of the neck, at the last tress. It also appears on the reverse on the left-hand loop of the ribbon. Coinage of the silver dollar was suspended after 1904 when the bullion supply became exhausted. Under provisions of the Pittman Act of 1918, 270,232,722 silver dollars were melted and later, in 1921, coinage of the silver dollar was resumed. The Morgan design, with some slight refinements, was employed until the new Peace design was adopted later in that year. Varieties listed are those most significant to collectors. Numerous other variations exist. Values are shown for the most common pieces. Prices of variations not listed in this guide depend on collector interest and demand. Sharply struck, "proof-like" coins have a highly reflective surface and are very scarce, usually commanding substantial premiums. BIBLIOGRAPHY Bower, Q. David. Silver Dollars and Trade Dollars of the United States; a Complete Encyclopedia. Wolfeboro, NH, 1993. Fay, Michael S., and Jeff Oxman. The Top 100 Morgan Dollar Varieties. Morris Planes, NJ, 1997. Highfill, John W. The Comprehensive U.S. Silver Dollar Encyclopedia. Broken Arrow, OK, 1992. Van Allen, Leroy C. and Mallis, A. George. Comprehensive Catalog and Encyclopedia of U.S Morgan and Peace Silver Dollars. New York. 1997. Designer George T. Morgan; weight 26.73 grams; composition: .900 silver, .100 copper; diameter 38.1 mm; reeded edge; mints: Philadelphia, New Orleans, Carson City, Denver, San Francisco. Net weight: .77344 oz. pure silver. Mint mark location is on reverse below wreath.
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