April 12, 2024
1902-O United States Silver Morgan Dollar S$1, New Orleans Mint
Pricing & History
-
Sold for
Start Free Trial or Sign In to see what it's worth.
- Sold Date
- Source eBay
1902-O United States Silver Morgan Dollar S$1, New Orleans Mint The coin in the photos is the actual coin you will receive. The coin is named after its designer, George T. Morgan, an English engraver who conceived both sides of the coin. On the obverse is featured a bust of Lady Liberty, complete with Morgan’s monogram near her neck. The reverse of the coin shows the Great Seal of the United States.The coin was issued by the U.S. mint in direct response to the Comstock Lode silver strike on the eastern slope of Mount Davidson in what is now known as Virginia City, Nevada. The finding was made public in 1859, and grew tremendous attention from soon-to-be prospectors all around the country, as this was the major U.S. discovery of silver and gold ore.Because so much silver entered the market as a result of these findings, silver prices began to decline. In order to combat this downward movement, congress passed the Bland-Allison Act which required the Treasury Department to purchase silver, and strike it as coins. The Morgan Dollar was the direct result of this mandate, and served as the only silver dollar struck between the cessation of production of the Seated Liberty Dollar in 1873 and 1904 when the Morgan Dollar was discontinued due to low silver reserves.
Items in the Price Guide are obtained exclusively from licensors and partners solely for our members’ research needs.
If this item contains incorrect or inappropriate information please contact us here to flag it for review.
If you are the originator/copyright holder of this photo/item and would prefer it be excluded from our community, contact us here for removal.
If you are the originator/copyright holder of this photo/item and would prefer it be excluded from our community, contact us here for removal.
