1878 Morgan Dollar *M.G.C. NO RESERVE!

1878 Morgan Dollar *M.G.C. NO RESERVE!

MGC Coins are 10mm in diameter, 0.80 grams 10k to 22k gold content



The Current SILVER & GOLD prices on JUNE 3rd 2011

Silver is $ 35.99 USD / Troy Oz.

Gold is $ 1,543.85 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
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