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1891-O MORGAN SILVER DOLLAR - GRADES "VERY FINE"

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1891-O MORGAN SILVER DOLLAR - GRADES "VERY FINE"
HURRY, ENDING SOON !
End Time :Ends in 7h 6m!Condition: Used
Quantity Available: 1
Starting Bid $23.00
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shooktrap (12641) Verified Seller About Me
Registered since Jun 2010
in United States
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Ships From23607, Virginia, United States
Postage$2.00 via USPS First Class
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You are bidding on a Very Fine 1891-O Morgan Silver Dollar with no problems. It contains almost one ounce of silver. Buyer to pay $2.00 shipping, but can combine with my other auctions to save on shipping charges (only 30 cents for each additional auction won the same day). I accept PayPal, personal check or money order. Thanks for looking and Good Luck bidding on this 126 year old Morgan Silver Dollar.

The Morgan Dollar is a US Silver 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 initials appear 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 was 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 ounces (24.057 grams) per coin. When the dollar was minted in 1878, it was the first dollar issued for American commercial use since the Seated Liberty Dollar of 1873. The Trade Dollar was minted during this time period but was for trade in the orient. The dollar was continuously minted until 1904 when the supply of dollars in circulation was high and there was a shortage of silver bullion. Then in 1918, the Pittman Act called for over 270 million coins to be melted for silver content. In 1921, the Morgan Dollar resumed for one year because they were needed to back US Silver Certificates. In 1921, 44,690,000 were struck at the Philadelphia Mint, 20,345,000 were struck at the Denver Mint and 21,695,000 were struck at the San Francisco Mint. This was in addition to the 1,006,476 Peace Dollar commemorative coins that would soon become standard issue. Since 1921, many Morgan Dollars have been melted, mostly when silver prices escalate. Mint Marks (CC, D, O and S) appear underneath the tail feathers of the bald eagle on the reverse between the letters D and O in DOLLAR.

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Shipping
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Seller ships internationally.
Ships From23607, Virginia, United States
Postage$2.00 via USPS First Class
Insurance Fee -

The seller , shooktrap , assumes all responsibility for the contents of this listing

Online Auctions from this seller
1891-O MORGAN SILVER DOLLAR - GRADES "FINE"
» 1891-O MORGAN SILVER DOLLAR - GRADES "FINE"
Starting Bid : $29.00
Current Bid : -
Ends : Aug. 18, 2017 14:59:01 PDT
1888-S MORGAN SILVER DOLLAR - GRADES "FINE"
» 1888-S MORGAN SILVER DOLLAR - GRADES "FINE"
Starting Bid : $120.00
Current Bid : -
Ends : Aug. 21, 2017 15:10:02 PDT
RARE-1889-CC-MORGAN-SILVER-DOLLAR-GRADES - "FINE
» RARE-1889-CC... - "FINE
Starting Bid : $600.00
Current Bid : -
Ends : Aug. 20, 2017 14:35:01 PDT
1892-O MORGAN SILVER DOLLAR - GRADES "FINE"
» 1892-O MORGAN SILVER DOLLAR - GRADES "FINE"
Starting Bid : $28.00
Current Bid : -
Ends : Aug. 20, 2017 14:35:01 PDT


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