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The Morgan Silver Dollar is the longest running dollar in the US history. Minted from 1878-1904, then again in 1921, with multiple mint-marks, the Morgan has grown in popularity since its debut date. Each Morgan minted varies with its mintage, some higher than others, and this is one of the popular reasons coin collectors invest in the Morgan. But for investors, who enjoy 90% silver in bulk, endlessly chasing after Morgans in specific conditions can become tiresome. The 1921 Morgan Dollar is one of the most common dates minted, and is the most accessible Morgan to the public. This is where investors can take advantage of a low premium for 90% silver! 90% silver or "junk silver," are the terms coined for circulated coins containing 90% silver. Since 90% silver is strictly sold for its silver content, its condition may vary but does not affect the intrinsic value of the coin. The 1921 Fine to Extra Fine Morgan Dollars are packaged in tubes of 20 coins, equating to 1,000 pieces. The coins themselves vary from fine to extra fine, which are both very popular conditions to experience collectors.
Learning about the Morgan's history, and how it affects today's precious metals market, is just as important as investing in its fruit. Due to the Coinage Act of 1873 the Seated Liberty dollar ceased production, causing the Morgan silver dollar to become the first standard silver dollar minted afterwards. The Bland-Allison Act authorized the minting of the Morgan and demanded that all silver for the dollars be bought at market price. So no more free mining silver. This greatly affected all miners and the direct profit they received mining their own silver. Throughout the Morgan silver dollar's life, there were many acts that were repealed as the government was trying to have more regulations over the silver market. The Morgan silver dollar was stopped in production in 1904 and had one more year in 1921.
