Liberty Silver Dollar

  
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The goddess Liberty is portrayed on the Morgan dollar, designed by George T. Morgan, minted between 1878 and 1904 and again in 1921

Liberty dollar may refer to:

  • Liberty dollar (private currency), a private currency produced in the United States
  • Dollar coin (United States), various dollar coins of the United States, including:
    • Flowing Hair dollar, the first dollar coin issued by the United States federal government, depicting the goddess Liberty and bearing the inscription 'Liberty', minted in 1794 and 1795
    • Draped Bust dollar, a United States dollar coin depicting the goddess Liberty and bearing the inscription 'Liberty', minted from 1795 to 1803, and later reproduced in very limited quantities during the 1830s to 1850s bearing the date 1804
      • 1804 dollar, an extremely rare dollar coin of the United States depicting the goddess Liberty and bearing the inscription 'Liberty', a variant of the Draped Bust dollar, minted in very limited quantities from the 1830s to 1850s
    • Gobrecht dollar, a dollar coin of the United States depicting the goddess Liberty, minted from 1836 to 1839
    • Seated Liberty dollar, a dollar coin of the United States depicting the goddess Liberty, minted from 1840 to 1873
    • Gold dollar, a gold dollar coin of the United States depicting the goddess Liberty, minted from 1849 to 1889
    • Trade dollar (United States coin), a silver trade coin of the United States depicting the goddess Liberty, minted from 1873 to 1885
    • Morgan dollar, a dollar coin of the United States depicting the goddess Liberty, minted from 1878 to 1904, and then again in 1921
    • Peace dollar, a dollar coin of the United States depicting the goddess Liberty and bearing the inscription 'Liberty', minted from 1921 to 1928, and again in 1934 and 1935
    • American Silver Eagle, a dollar coin of the United States depicting the goddess Liberty and bearing the inscription 'Liberty', the official silver bullion coin of the United States, first produced in 1986

Get the best deals on Liberty Silver Dollar 1 Oz when you shop the largest online selection at eBay.com. Free shipping on many items Browse your favorite brands affordable prices. Authorized by the Liberty Coin Act signed by President Ronald Reagan on July 9, 1985, the first American Silver Eagle was released on November 24, 1986, and became an overnight sensation. These Bicentennial dollars showcase a dual-dating feature declaring 1776–1976 on the obverse. The reverse design by Dennis Williams features the Liberty Bell superimposed on the Moon. The standard Eisenhower dollar reverse and obverse dating resumed in 1977. Yet the end was in sight for the coin in 1978. 2014 American Silver Eagles are one of the world’s leading bullion coins. The American Silver Eagle series took flight in 1986 after the passage of the 1985 Bullion Coin Act. All-times sales topped 400 million on December 8, 2014, marking just one of several highlights during what became a very busy year for popular silver bullion coin.

See also[edit]

  • Liberty coins with other face values:
    • Liberty Head double eagle (a coin with a face value of 20 dollars)
    • Half Eagle (a coin with a face value of two dollars)
    • Walking Liberty half dollar (a coin with a face value of 0.5 dollars)
    • Standing Liberty quarter (a coin with a face value of 0.25 dollars)
    • Liberty Head nickel (a coin with a face value of 0.05 dollars)
    • Coronet large cent (a coin with a face value of 0.01 dollars)


Liberty Silver Dollar 1890

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US Silver Dollars

Walking lady silver dollar

You may already know that silver dollars are a collector’s item and a prudent investment, but what you might not know is the pivotal role the silver dollar has played in the history of the American monetary system. American currency essentially began with the silver dollar, which further enhances its appeal to investors and collectors alike. Here, you’ll find a synopsis of the history of silver currency in the U.S., as well as an in-depth description of two of the most significant silver-dollar designs — Morgan and Peace Dollars.

The History of Silver Currency in the U.S.

Liberty Silver Dollar 1921

Silver

During the American Revolution, Congress printed millions in “Continentals,” or the currency of the Continental Congress. In theory, the states would exchange this paper currency for silver or gold once the war ended. The problem was that the British government began printing counterfeit Continentals to purchase supplies from Americans, and confidence in the currency quickly plummeted to the point that it became worthless.

At this time, Americans had already accepted the Spanish dollar as the primary unit of value in the market. This dollar was known as a Spanish peso, the abbreviation for which (S and P superimposed) eventually lead to the “$” symbol for the dollar sign. The silver coin minted by the Spanish in the 1700s was worth eight “reals” of Spanish gold, and merchants would cut the dollar into eight pieces, known as “bits,” to make change. Congress officially adopted the Spanish milled dollar as the U.S. unit of value in 1785, a decision codified in 1792 by the Coinage Act.

The Coinage Act

The Coinage Act created the U.S. Mint, which coined silver dollars and gold coins. From 1794 to 1935, the treasury coined about 900 million silver dollars. The silver dollars coined had 46 grains of silver, the standard set by the Spanish dollar. The treasury also coined half dollars, quarters, dimes, and half dimes, all of which had proportionate quantities of silver. The worth of gold eagles was also determined relative to silver, with each gold eagle worth ten silver dollars.

Walking Liberty Silver Dollar

The End of Silver Currency

The U.S. continued using silver for its coinage until 1965. In the early sixties, President Nixon announced that the U.S. would no longer redeem currency for silver or gold, which was the death knell of the silver standard. Then, in 1965, President Johnson permitted the treasury to issue debased “sandwich” quarters and dimes that had negligible inherent value, and the amount of silver in the half-dollar dropped to 40 percent.

The Morgan Silver Dollar Design

Produced from 1878 to 1904 and again in 1921, the Morgan Dollar was the result of the mining lobby pressuring the treasury to coin all silver it purchased into silver dollars. This practice continued until the depletion of the silver reserve in 1904. Consisting of 90 percent silver, the Morgan Dollar bears the name of its designer, George T. Morgan, an Englishman who moved to the U.S. and became Assistant Engraver for the Mint in 1876. Morgan went on to become Chief Engraver in 1917.

The coin features an eagle with its wings spread and the inscription “In God We Trust” above its head. The other side of the coin features Lady Liberty in profile view wearing a coronet with the word “Liberty” on it. Thanks to its beautiful design and value, as well as its historical significance, the coin is highly sought after even today.

Liberty Silver Dollar 2000

The Peace Dollar Design

Minted from 1921 to 1928 and 1934 to 1935, the Peace Dollar was issued to commemorate the signing of the Treaty of Versailles that ended World War I. The coin was the result of a contest to come up with designs symbolic of peace. Italian sculptor Anthony de Francisci designed the coin, which features Lady Liberty on one side and an eagle holding an olive branch with the legend “peace” on the other. Francisci immigrated to the U.S. when he was 18 and entered the competition against seven other sculptors, all older than he. He used his wife, Mary Teresa, as the model for Lady Liberty on the coin.

The production of the peace dollar ceased for six years in the late 1920s due to the depression and resumed for only two years thereafter. Like the Morgan Dollar, the history, rarity, and 90 percent silver composition of the Peace Dollar make it a popular item with collectors.

New Walking Liberty Silver Dollar

In addition to their historical significance and aesthetic appeal, silver dollars can make for solid investments in silver because of their high composition of the white metal. Whether you want to enhance your collection or your investment portfolio, visit Silver.com to view the best selection of silver dollars today.