1878 S US Morgan Silver Dollar $1

Description: Serving Collectors and Investors for Over 50 Years Store Home View Our Listings Bookmark Contact 1878 S US Morgan Silver Dollar $1 - NGC MS 66 Click Thumbnails to Enlarge Product Description Morgan Silver Dollars were minted from 1878 to 1904 and again for one more year in 1921 and is named after its designer, George T. Morgan. There are many varieties and overdates, which makes it one of the most famous and highly collected U.S. coins of all time. Photos are of the actual coin you will receive. About Morgan Silver Dollars The Morgan Silver Dollar is frequently cited as the most popular series within all of American numismatics. Collectors are drawn to the large size, classic design, and relatively robust availability. The coins were issued from 1878 to 1904 and for one additional year in 1921, with production taking place across four different mint facilities. Due to the high original Morgan Dollar mintages, many issues are readily available even in gem grades. However, certain issues of the series had low mintages or experienced heavy circulation and melting, resulting in a very limited number of survivors. Some coins also display proof-like or deep mirror proof-like qualities, adding another dimension to collecting the series. Although the silver dollar had been regarded as the cornerstone of the American monetary system, during its early history the denomination experienced sporadic circulation and long interruptions in production. The Coinage Act of 1873 would discontinue the silver dollar and authorize the Trade Dollar, which carried different specifications and was intended primarily for export trade with Asia. Problems became apparent when the price of silver dropped and many Trade Dollars were reimported to the United States. Bullion depositors also began to have their silver struck into Trade Dollars, which they would distribute at a discount to face value. The coins became widely unpopular within the United States due to their legal tender limit and low intrinsic value, leading the Trade Dollar to be officially demonetized in 1876. Morgan Dollar Legislation In response to economic conditions and pressure from the silver mining industry, the Bland-Allison Act was passed in 1878 to restore the standard silver dollar. Specifically, the Act required the United States government to purchase between 2 and 4 million ounces of silver each month to be minted into silver dollars. The coins were struck under the specifications set forth in the Coinage Act of 1837 and legal tender for all debts and dues both public and private. The Act also created paper currency known as silver certificates, which were backed by the exact amount of silver dollars retained by the Treasury. The new silver dollars would feature a design by George T. Morgan, an English-born immigrant. In England, he had studied and worked for the Wyon family, best known for their minting of several American colonial coinage issues. When he came to the United States in 1876, he was hired as the assistant engraver of William Barber and started working on a number of patterns for the half dollar. In late 1877, the Mint Director Henry Linderman instructed both Morgan and Barber to prepare dies for a silver dollar. Linderman favored the designs created by Morgan and production of the new silver dollars would commence on March 11, 1878, about a week after the passage of the Bland-Allison Act. From the onset of the series, the requirements of the Bland-Allison Act led to heavy silver dollar production, well in excess of the needs for commerce. By 1890, a total of 360 million silver dollars had been produced, of which only one-sixth was estimated to have been released into circulation. The remaining quantity was simply held in storage. The situation was exacerbated by the Sherman Silver Purchase Act, which increased the required government purchase of silver to 4.5 million ounces per month. Despite these large purchases, the price of silver dropped and the world entered a financial panic caused in part by the silver issue. President Grover Cleveland responded to the situation by repealing the Sherman Silver Purchase Act. Without the required government purchases of silver, the production of silver dollars promptly declined, leading to the creation of numerous low mintage issues. The production of silver dollars would cease completely in 1904 since the government already held millions in storage which were not needed for circulation. The landscape would change once again with the passage of the Pittman Act in 1918. This Act allowed for up to 350 million silver dollars held in storage to be melted and converted into bullion. The same quantity melted was required to be replaced with newly minted silver dollars struck with silver from other sources. Under the Pittman Act, a total of 230,232,722 silver dollars held in storage were melted. This massive melt had a significant impact on the rarity and availability of certain issues of the Morgan Dollar series. Some dates with high mintages became scarcer, while some issues with seemingly low mintages remained available. The Act had the additional impact of restarting the production of Morgan Dollar for a single year in 1921, when more than 80 million pieces were struck across three mint facilities. The Peace Dollar series would be introduced at the end of the year and used to fulfill the remaining production required under the Pittman Act. Obverse Design The obverse of the Morgan Dollar features the head of Liberty, facing left. The model for Liberty is believed to be Philadelphia schoolteacher Anna Willess Williams, who had sat for Morgan on several occasions. Liberty wears a Phrygian cap with the word "LIBERTY" on her hair band and various agricultural elements intertwined, including stalks of wheat, bolls of cotton, and leaves of oak. There are seven stars appearing to the left of the portrait and six stars appearing to the right. The inscription "E PLURIBUM UNUM" appears above, with the date below. The designer's initial, appearing as a single "M," is found on the truncation of the neck. Reverse Design The reverse design features a bald eagle with its wings outstretched, framed within a small, open wreath. The eagle's talons grasp an olive branch and three arrows. The inscription "IN GOD WE TRUST" appears above the eagle. The additional inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR" appear surrounding, separated by stars. Specifications Year1878 Mint MarkS Mint LocationSan Francisco Denomination$1 Grading ServiceNGC GradeMS 66 Metal TypeSilver Actual Metal Content0.7734 troy oz Fineness0.900 ManufacturerU.S. Mint Diameter38.1 mm Length Width Thickness Weight26.73 gr Composition.900 silver | .100 copper DesignerGeorge T. Morgan Edge TypeReeded Coin# Packaging Shipping Order Handling Time Order Handing Time is typically three (3) Business Days. Order Handling Time and Estimated Delivery Dates are displayed by eBay at the time your Order is placed. The Date your Order is placed is considered Day Zero (0). Estimated Delivery Dates Estimated Delivery Dates are determined by eBay and are provided at the time your Order is placed. Delivery transit times vary depending upon destination, carrier, shipping method and service level. Changes to Shipping Address eBay requires that Sellers only ship to the Address provided when the Order was placed. If you need to change the Address you need to cancel your order and place a new order using the correct address. Carriers Standard Free Shipping for Orders valued under $750 and weighing less than 16 ounces is typically via USPS First Class Package. Standard Free Shipping for Orders valued over $750 and/or weighing over 16 ounces is typically via USPS Priority, FedEx or UPS with Signature Confirmation required. We reserve the right to make Carrier and Service Level selection based upon operating conditions and order size, weight, destination and value. We are unable to accommodate requests for specific Carriers. We ship items from multiple Fulfillment Centers and primary Carriers vary by facility. Expedited Shipping Services Options to Expedite Shipping for an additional cost are presented at Checkout if available. After you place your Order we will not be able to change or upgrade your Shipping method. Signature Confirmation Orders valued at $750 or more are shipped with Signature Confirmation required. If your Order is valued at less than $750 you will be presented with an option to add Signature Confirmation during Checkout for an additional cost. If you are not available to receive your Signature Confirmation shipment and it is Returned To Sender you will be subject to a Reship Fee. Tracking Numbers All Orders are shipped with a Tracking Number. You will receive an automated Ship Notification email message from eBay with Carrier and Tracking information when your Order has shipped. Carriers Recycle Tracking Numbers. Please allow approximately 12 to 24 Hours for your Tracking Number data to be updated by the Carrier. Carrier Delays Our responsibility is to ship your Order within the Stated Handling Time displayed by eBay at the time your Order was placed. We are not responsible for Carrier Delays due to operating issues such as bad weather, mechanical failures, or other service level disruptions. Transit Insurance All shipments are insured for their full value while in transit to the Confirmed Shipping Address. In the unlikely event that your package does not arrive or is damaged in transit please contact us through eBay messaging in order to initiate a Claim. Claims Claims for Damage or Non-Delivered Items must be submitted in writing through eBay Messaging. If your package has been Confirmed as Delivered by the Carrier, but you do not believe you received the package, please contact the Carrier directly. International Shipping International shipping is available on many of our products through the eBay Global Shipping Program. We do not ship Bullion products internationally at this time and we only ship internationally through the eBay Global Shipping Program. International shipping is not available to all countries - please refer to each listing to verify that we ship to a particular country. eBay displays the cost for Global Shipping on the Listing "Shipping and Payments" tab when your select the Country. The displayed Global Shipping cost includes both Shipping charges and Customs Clearance Duties, Taxes and Fees. Multiple items purchased for shipping through the eBay Global Shipping Program cannot be combined into a single Invoice or Shipment. For further information on International Shipping through the eBay Global Shipping Program please contact eBay Customer Support. Returns Returns Policies 100% Customer Satisfaction is our most important goal - we Guarantee all of our products. If you are not completely satisfied with your purchase, please contact us through eBay Messaging. We offer Free Returns and cover the cost of Return shipping on all Items EXCEPT Bullion products. Orders for Bullion products cannot be Cancelled or Returned for any reason. We accept Returns for up to 30 days after you receive your order on Products eligible for Return. Returned Items must be unopened and returned in their complete original product packaging in order to be eligible for a full refund. In some cases we may be able to Exchange the product depending upon the circumstances. If you are interested in an Exchange, please contact us through eBay Messaging. If you need to return an Item, please initiate a Return or Exchange Request through eBay. If you need assistance making your Return request through eBay please contact eBay Customer Support for assistance. Other Policies Payments Payments are managed by eBay not the Seller If you have any questions or are experiencing issues completing your purchase, please contact eBay Customer Service for support Items purchased in an Auction require payment within Three (3) days of purchase. 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Bullion Product Pricing Listed prices for bullion products are firm and not negotiable. Prices will change with movements in the spot price of the underlying metal while precious metals markets are open. Random Brand Products When purchasing “Random Brand” items you can expect to receive Brands and Design of our choice, based on inventory on hand when your order is fulfilled. We are unable to guarantee any specific Brand and Design for purchases of “Random Brand” products as our inventory is constantly changing and limited to what is available at the time of shipment. Our inventory is located in a secure location with limited access. We cannot accommodate requests to search for specific Brands. Random Date Products When purchasing "Random Date" coins, you can expect to receive Dates and Mintmarks of our choice, depending upon current stock on hand. We are unable to guarantee any particular date for purchases of "Random Date" coins as our inventory is constantly changing and limited to what is available at the time of shipment. Our inventory is located in a secure location with limited access. We cannot accommodate requests to search for specific Dates. Pre-Owned Vintage US Mint Products Except for current year products, nearly all of our US Mint products have been previously owned. Unless otherwise disclosed, all of our US Mint products come with their complete original packaging. We inspect all pre-owned US Mint products prior to offering them for sale. We only sell sets that have passed our inspection; the coins are typically free of excessive hazing, spotting, or distracting toning. While these items are typically in very good condition for their age, these vintage products are not new. Use of "Reference Images" We typically have multiple quantities available of many of our most popular products. As a result we often use "Reference Images" to represent the actual product. When a "Reference Image" is used to merchandise a product, that use will be disclosed in the Listing as follows: "The "Reference Images" used in this listing Description were created by Liberty Coin for reference only to depict the quality of the item you will receive. You will NOT receive the exact item that was photographed to create the Reference Images. However, the actual item you will receive is guaranteed to be similar to that shown and exactly as described." Errors and Omissions Prices and availability of products and services are subject to change without notice. Errors will be corrected when discovered and Liberty Coin LLC reserves the right to revoke any stated offer and to correct any errors, inaccuracies or omissions including after an order has been submitted and whether or not the order has been confirmed. Store HomeView Our ListingsContact Us Copyright © Liberty Coin. 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Price: 760 USD

Location: Dallas, Texas

End Time: 2024-11-24T15:12:26.000Z

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