The Morgan Silver Dollar stands as a shining testament to American history and artistry, beloved by coin collectors worldwide. With the U.S. Mint reissuing this iconic coin in 2024, its timeless design and significance continue to inspire. Here’s what every collector needs to know about this recent release and its historical importance.
The Morgan Silver Dollar: A Brief History
First minted in 1878, the Morgan Silver Dollar became a symbol of America’s westward expansion and burgeoning industrial age. The coin was designed by George T. Morgan, the U.S. Mint’s Chief Engraver, whose work features Lady Liberty on the obverse, wearing a Phrygian cap adorned with wheat and cotton, symbolizing unity and freedom. The reverse depicts a majestic eagle holding an olive branch and arrows, reflecting peace and strength. After its initial production ended in 1904, the Morgan Silver Dollar made a brief comeback in 1921, solidifying its place in numismatic history.
2024 Morgan Silver Dollar Reissue: Key Details
To honor the legacy of the Morgan Silver Dollar, the U.S. Mint unveiled a 2024 edition on July 11, 2024. Crafted from 99.9% fine silver, this modern reissue weighs 0.859 troy ounces and measures 38.1 mm in diameter. Struck at the Philadelphia Mint, the coin bears no mint mark, staying true to the original design’s historical accuracy.
Mintage Limits and Ordering Policies
The U.S. Mint set a mintage limit of 275,000 coins for the 2024 Morgan Silver Dollar. To ensure equitable access, an initial household order limit of 25 coins was imposed for the first 24 hours. These measures aim to curb hoarding and make the coin accessible to a broader base of collectors.
Packaging and Presentation
The 2024 Morgan Silver Dollar arrives encapsulated in a sleek clamshell case, enclosed within a blue presentation box. Adorned with the official United States Mint seal, the packaging also includes an outer sleeve featuring the coin’s obverse design. Additionally, a certificate of authenticity is provided, making this release as visually appealing as it is historically significant.
Collectibility and Market Value
The Morgan Silver Dollar’s allure lies in its historical value and intricate design. While the 2024 edition is a modern tribute, its limited mintage and meticulous craftsmanship enhance its desirability. Collectors should monitor secondary market trends, as the coin’s value may fluctuate based on demand, condition, and prevailing silver prices.
| Specification | Details |
|---|---|
| Composition | 99.9% Fine Silver |
| Weight | 0.859 Troy Ounces |
| Diameter | 38.1 mm |
| Finish | Uncirculated |
| Mint | Philadelphia (No Mark) |
| Mintage Limit | 275,000 Coins |
| Initial Price | $91 |
| Release Date | July 11, 2024 |
Why Collectors Value the Morgan Silver Dollar
The Morgan Silver Dollar remains a cornerstone of American numismatics. Its storied history and artistic merit make it a perennial favorite. The 2024 reissue represents a bridge between past and present, offering both seasoned collectors and newcomers a chance to own a piece of history. Whether as a historical artifact or a modern collectible, this coin promises enduring appeal.
What makes the Morgan Silver Dollar historically significant?
A: First minted in 1878, the coin reflects America’s westward expansion and industrial growth, with a design symbolizing unity, peace, and strength.
How does the 2024 reissue differ from the original coins?
A: The 2024 Morgan Silver Dollar is made from 99.9% fine silver, whereas earlier versions had 90% silver content. Additionally, it is minted without a mint mark in Philadelphia, just like the originals.
What is the coin’s mintage limit?
A: The 2024 Morgan Silver Dollar is limited to 275,000 coins.
