American Silver Dollars
Morgan Design 1878 - 1904
Redesign 1921
• American Photographer Mark Fisher •
An American History Issue
minted from 1878 to 1904, and then again in 1921.
It was the first standard silver dollar minted
since production of the previous design,
depicts a profile portrait representing Liberty,
while the reverse (back side) depicts
an eagle with wings outstretched.
Following the passage of the 1873 act,
mining interests lobbied to restore free silver,
which would require the Mint to accept
all silver presented to it and return it,
struck into coin. Instead,
the Bland–Allison Act was passed,
which required the Treasury
to purchase between two and four million dollars'
worth of silver at market value
to be coined into dollars each month.
In 1890, the Bland–Allison Act
which required the Treasury to purchase
4,500,000 troy ounces (140,000 kg)
of silver each month,
but only required further silver dollar production for one year.
This act, in turn, was repealed in 1893.
In 1898, Congress approved a bill that
required all remaining bullion
purchased under the Sherman Silver Purchase
Act to be coined into silver dollars.
When those silver reserves were depleted in 1904,
the Mint ceased to strike the Morgan dollar.
authorized the melting and recoining of millions of silver dollars.
Pursuant to the act, Morgan dollars
resumed mintage for one year in 1921.
later the same year.
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