1880 $1 Morgan Silver Dollar VG Collector's Edition (Authenticated)

1880 $1 Morgan Silver Dollar VG Collector's Edition (Authenticated)

The Morgan dollar was a United States dollar coin minted from 1878 to 1904, and then again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver. The coin is named for its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Lady Liberty wearing a Phrygian cap with LIBERTY emblazoned across the headband. She wears a cockade of corn and cotton, the two main crops of America in the 19th centure.The inscription of E PLURIBUS UNUM arcs the top of the coin and the year of issuance below (1880). A heraldic eagle in a wreath of laurel clutching arrows and an olive branch is centered on the reverse UNITED STATES OF AMERICA, with the denomination ONE DOLLAR and IN GOD WE TRUST are inscribed.

 The dollar was authorized by the Bland–Allison Act. 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 In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further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 This act, in turn, was repealed in 1893. 

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