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Picture 1 of 2
1891 $1 Morgan Silver Dollar
M
markandnancy2012 (3061)
99.3% positive feedback
Price:
$64.99
+ $6.00 shipping
Returns:
30 days returns. Seller pays for return shipping.
Set of two types circulated dollars in a custom holder. The holder has a 1.5 inch crack.
- Buy It Now1891-P Morgan and 1924-P Peace Silver Dollars in Holder
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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: UnknownProduct Identifiers
DesignerGeorge T. Morgan
eBay Product ID (ePID)170429076
Product Key Features
Strike TypeBusiness
Mint LocationPhiladelphia, Pennsylvania, Philadelphia
Composition90% Silver, 10% Copper
Year1891
Dimensions
Weight26.73g
Additional Product Features
Mintage8693556
MintPhiladelphia
Denomination$1
PCGS Number7204
Diameter38.1mm
Mint MarkP
EdgeReeded
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Ratings and Reviews
Most relevant reviews
- Aug 15, 2017
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: Yes
- 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: Yes
- 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 kstat2Verified purchase: Yes
- 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, slabbed, graded coins. However, it is important to note that they were NOT an independent third party grading service as we know them today, since they were grading their own inventory. Another interesting note: the black MS60 holdered coins almost always grade out ABOVE MS60 when submitted to NGC, so there was integrity and expertise involved. In contrast, few of the red Redfield holders can meet today's standard for their indicated grade of MS65.Verified purchase: Yes
- 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: Yes
- Dec 15, 2016
upgrading coins in my collection
Purchased this coin to upgrade this particular year and mint in my Morgan dollar collection. The quality was as expected along with a fair price that I had to pay. No complaints, happy to replace my other coin with this nicer one. That was my goal.Verified purchase: Yes
- Aug 13, 2016
Love those Morgans
Another nice Morgan has found a home with me thanks to the excellent Dealers on Ebay!!Verified purchase: Yes
- Jan 26, 2018
1891-s Morgan Silver Dollar BU
Another Beautiful Coin from the Consignment Hub. An excellent example of BU, the Eagle has a full chest of Feathers.Verified purchase: Yes
- Apr 28, 2020
Precious high grade..dlh
Its awesome to have good health and liberty's to purchase such high grade silver Morgan Dollars. dlhVerified purchase: Yes
- Mar 21, 2018
Authentic
This coin has not been cleaned or altered. There is evidence of an old fingerprint on upper right side. If you are looking for bright coins, this was not the one. Breast feathers are well defined for an AU grade considering the amount of circulation soil. A great coin for the price.Verified purchase: Yes
