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1891 $1 Morgan Silver Dollar

Moray50
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US $65.00
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Located in: Memphis, Tennessee, United States
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eBay item number:335142750088
Last updated on Nov 07, 2024 21:28:44 PSTView all revisionsView all revisions

10% of the sale of this item will benefit Adventist Outreach Ministry

We are a food pantry serving inner city residents in the Cincinnati, Ohio metro area since 1952. We serve over 2000 households with ~5000 people, 40% of whom are minors. We aim to expand our ...
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Item specifics

Denomination
$1
Circulated/Uncirculated
Unknown
Coin
Morgan
Grade
Ungraded
Country/Region of Manufacture
United States
Certification
Uncertified
Composition
90% Silver, 10% Copper
Year
1891
Strike Type
Business
Mint Location
Philadelphia, Pennsylvania, Philadelphia
Category

About this product

Product Information

<h2>Q. David Bowers</h2>The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)<br/><br/>Coinage Context<br/><br/>A new source of silver: The Act of March 3, 1891 directed the secretary of the Treasury to, "as soon as practicable, coin into standard silver dollars the trade dollar bullion and trade dollars now in the Treasury, the expense thereof to be charged to the silver profit fund."! <br/><br/>Conversion of trade dollar bullion to Morgan dollars took place at the Philadelphia and New Orleans mints. Under the Summary of Characteristics listings for 1891 and 1891-O, the specific numbers for mintages under various acts are given. <br/><br/>The Annual Report showed that 1,543,856 1891 Philadelphia Mint dollars and 3,534,6161891-O dollars were struck from reclaimed trade dollar bullion, totaling 5,078,472. These were not specifically identified as to varieties and were mixed with 1891 and 1891-O coinage struck from metal purchased under the Sherman Silver Purchase Act of 1890. <br/><br/>Numismatic Information <br/><br/>Hoard coins: The Federal Reserve released many bags of these in 1954-1955 and again in the late 1950s and very early 1960s (before the massive releases of 1962-1964). There were so many that Harry J. Forman reported that virtually every bank in Philadelphia was loaded with them, and that they were by far the most common dollar date available. The 1891 dollar was not represented in quantity among the dollars released in 1962-1964. By that time, most had been dispersed. Many had acquired light wear and had slipped into the "slider" category. By the mid-1960s the supply had been absorbed by the public and by investors, and the 1891 was no longer considered to be among the most common dates. (The ability of the American public to absorb vast quantities of collectibles has never ceased to amaze me• witness the countless millions of limited-edition silver medals sold by the Franklin Mint in the late 1960s and 1970s.) <br/><br/>Circulated grades: In worn grades the 1891 dollar is not among the commonest dates in the Morgan series, but it is still quite plentiful. <br/><br/>Mint State grades: Striking of 1891 Philadelphia Mint dollars varies from flatly struck to excellent, with the typical coin being in the poorly struck category. While sharply struck, frosty, lustrous coins exist, these are few and far between, especially in higher levels. Some coins have poorly struck obverses and sharp reverses; others have sharp obverses and weak reverses. Most coins have average to below average lustre. As so many die pairs were used to strike 1891 dollars, no single rule applies to all coins. Cherrypicking is strongly advised. <br/><br/>In 1982, Wayne Miller wrote this: "A mediocre bag from a Pennsylvania hoard was sold to one investor in 1979. This date is unpopular at all Mint State levels short of superb gem." John Highfill estimated that the Redfield hoard contained one or more bags of MS-60 and MS-61 coins.<br/><br/>In the late 1980s, Boston dealer Lee J. Bellisario told me that he liked this date, considered it to be a sleeper, and in several months of looking had not been able to find many high-grade pieces. Indeed, the elusive quality of truly high-grade 1891 dollars, such as MS-65, is borne out by high market listings. <br/><br/>Varieties <br/><br/>Circulation strikes:<br/><br/>1. Normal date: Breen-5619. Some obverses have closed 9; others (date heavily repolished or die lightly logotyped) open 9. <br/><br/>2. Doubled Ear: Breen-5620, VAM-2. Originally considered to be scarce by VAM, the variety is now considered to be fairly plentiful; late state, VAM-2A, break below nose, is scarcer. <br/><br/>Dies prepared: Obverse: Unknown; Reverse: Unknown

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170429076

Product Key Features

Strike Type
Business
Mint Location
Philadelphia, Pennsylvania, Philadelphia
Composition
90% Silver, 10% Copper
Year
1891

Dimensions

Weight
26.73g

Additional Product Features

Mintage
8693556
Mint
Philadelphia
Denomination
$1
PCGS Number
7204
Diameter
38.1mm
Mint Mark
P
Edge
Reeded

Item description from the seller

About this seller

Moray50

100% positive feedback•536 items sold

Joined May 2005
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Hello,I am excited to have this opportunity to serve you online, through eBay. I am a former store manager, and have always pride myself with good customer service skills. I will market and send good ...
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Detailed seller ratings

Average for the last 12 months
Accurate description
5.0
Reasonable shipping cost
4.9
Shipping speed
5.0
Communication
5.0

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    Product arrived on time, packaging was very good. Was a great value for product and just as described. Would recommend seller
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    Well packaged. Item as described. Fast shipping. Very happy with this purchase. Great seller.
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    As described. Shipped in large box, but showed up safe as can be.
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4.9
268 product ratings
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Would recommend

Good value

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  • by dibitonto
    Aug 15, 2017Top favorable review

    1891 o Morgan

    THIS WAS A 9.7 MILLION STRIKE; NOT A RARITY OR A KEY. ALL MORGAN 62 AND BETTER '0' S HAVE ALWAYS BEEN OVERPRICED IF YOU LOOK AT THE PAST SALES. TIME WILL SHOW THAT TRUE COLLECTORS WILL BE RELUCTANT TO OVERPAY CERTAIN COINS ONCE THE MARKET STABILIZES. S MINTS WENT THROUGH THIS CYCLE AND HAVE NOW SETTLED WITH SANE PRICES. THE IMPETUS HAS BEEN WITH DEALERS OR HUSTLERS AFTER A QUICK BUCK, AND THEY ARE KILLING THE VERY VEHICLE THAT CREATED THEM.. I HAVE BEEN A SERIOUS MORGAN COLLECTOR FOR 70 YEARS AND I HAVE SEEN THIS CYCLE REPEATED OVER AND OVER WITH PARTICULAR STRIKES AND NO ONE EVER SEEMS TO GET THE MESSAGE..

    Verified purchase: YesSold by: don32248

  • by rebeck725
    Jun 29, 2017

    Beautiful piece of American history

    A lovely coin, even when well circulated! Not a rare year, but a nice addition to my silver dollar collection.

    Verified purchase: YesSold by: mungojerrie!

  • by Uhoh10HzQQ6@Deleted
    Sep 20, 2017

    OK coin

    I am 82 years old and not well...don't have smarts on pc///I have enough problems without thinking how great, etc, the coin are, so I USE them mostly for entertainment when I buy/ thx kstat2

    Verified purchase: YesSold by: banks2001-1998

  • by savetheearth123
    Jul 07, 2016

    Calling Mr. Redfield!

    Very interesting specialty set within the Morgan and Peace Dollar Series. There are also a VERY, VERY few gold pieces in Redfield Paramount slabs. A note of caution: Never believe anyone who tells you a coin in a Paramount INTL holder is always a Redfield. NOT TRUE! The rule is simple enough for anybody to understand: If it doesn't SAY Redfield, it ISN'T a Redfield. Paramount was one of the largest coin dealers/marketers in the country at that time. That's one of the reasons they were awarded the contract by A-Mark (which initially owned the entire hoard) to distribute the coins. At the same time, Paramount was selling their OWN inventory with identical slabs and grading marked on it. In fact, this service made Paramount one of the first grading services, if not the first, to offer sealed, ...

    Verified purchase: YesSold by: scandiman

  • by harleyboy2003us
    May 19, 2017

    Beautiful coin

    The silver dollar is in great condition. It is genuine and was a great value. This coin actually looked better in person than in the pictures. Morgan silver dollars have a lot of history connected to them and almost one ounce of silver.

    Verified purchase: YesSold by: tcorrea2013

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