Designer George T. Morgan is where we get the name of this coin. Weighing 26.73 grams; Composition, .900 Silver, .100 Copper (net weight .77344oz. of pure Silver) Mints are Philadelphia, New Orleans, Carson City, Denver & San Francisco.
The obverse features a left-facing profile of Liberty wearing a Phrygian cap (symbolizing Liberty & Freedom) adorned with wheat and cotton balls in her hair, while the reverse depicts a bald eagle with outstretched wings clutching an olive branch (Desire for Peace) and arrows in its talons (symbolizing Strength & readiness if attacked on its borders)
Coinage of this Silver Dollar was suspended after 1904, when demand was low and the bullion supply became exhausted. Most collectors of U.S. coins are at least vaguely aware of the Pittman Act of 1918, which resulted in the melting down of over 270 million Morgan silver dollars (mostly Morgan’s), and the sale of the bullion overseas. The U.S. Mint was then required to buy bullion from U.S. mining companies at above-market rates, and mint replacements for the silver dollars that had been melted down!
