1886 MORGAN SILVER DOLLAR .... GRADES "VERY FINE

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The Morgan Dollar is a Silver United States dollar coin , minted from 1878 to 1904 and again in 1921. The Morgan Silver Dollar was named for the designer, George T. Morgan , who designed the obverse and reverse of the coin. Morgan's monogram appears near Lady Liberty 's neck on the obverse. The dollar was authorized by the Bland-Allison Act of 1878, which was the greatest coinage boondoggle in history. The Comstock Lode was discovered in Nevada in the late 1850s. The Comstock Lode strike put downward pressure on silver prices worldwide. The greatest silver strike in history was followed by the Bland-Allison Act in 1878 to protect the interest of the western states, and it required the Treasury Department to purchase large amounts of silver, and to strike it as coins. For reasons of economy, the Treasury chose to strike the silver as dollars. The mintage far exceeded the dollars that were needed in circulation. These excess silver dollars quickly began piling up. Some original mint bags of Morgan Silver Dollars remained in treasury vaults until the 1960s. This strange past has led to one of the greatest collectible series in American coins providing collectors with many dates and mint marks obtainable in mint state condition along with challenging rarities.. It has a fineness of .900, giving a total silver content of 0.77344 troy read more

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