Another nice silver Morgan from San Francisco!
While I was visiting the local coin shop recently I picked up some nice coins which I shared already. There are a few more I haven't quite got around to sharing yet. I don't usually frequent coin shops because I always buy more than I planned on, but it's always a lot of fun! This was another I picked up because I'm a sucker for Morgan dollars and the price was to good to turn down.
The San Francisco mint has been located in three different buildings since it began production in 1854. The California gold rush starting in 1849 was producing massive amounts of gold, so the mint opened the location to produce coinage out of the gold being produced. The first building was quickly outgrown and was replaced in 1874 increasing their production potential. An interesting fact is that the building was built on a granite and concrete base to prevent tunneling into the vaults. It was holding $300 million in gold during the 1906 earthquake, a third of the national gold reserves. The whole entire staff worked tirelessly to save the building from fire in the aftermath of the earthquake and protect the national gold reserves.
Enough of the back story, here's the coin, an 1881 S Morgan silver dollar:
About this particular coin:
Design: George T. Morgan
Year: 1881
Mint: San Francisco
Diameter: 38.1 mm
Weight: 26.73 grams
Composition: 90% silver and 10% copper
Edge: Reeded
Population: 12,760,000
It's a nice coin overall despite some bag mark wear. For a more than 140 year old coin it still looks pretty good. I have always loved the high relief designs of the Morgan, for practical reasons they are produced for circulation today. I hope you enjoyed my post, please feel free to comment or ask any questions below!
And please remember that collecting coins and stacking gold/silver is a great hobby but definitely not for everyone. You can lose money and you have to research before you make any purchase. Before you spend your hard earned money always do your due diligence by researching what you are buying. I am not a financial advisor and this isn't financial advice, I'm just a guy who loves coins and gold/silver stacking!
References:
https://www.usacoinbook.com/coins/3214/dollars/morgan/1881-S/
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Nice detail
It was too good to walk away from!
Another beautiful Morgan find!😊
Sad that so many of these and many other U.S. Silver coins were melted years ago during “the big melts”!😲
Morgan’s are timeless my friend!
I love the details and high relief, they don't make them like that anymore unfortunately. Then again most of what's made these days isn't built like it used to be! 😒
Lol so very true!🤣
I’m sure some of my “U.S. stock pile” Silver bars are melted Silver coin!🥲
These are sick but then peace dollars... Can't wait to get my hands on some
They are both really awesome, I just wish they made pretty coins today for circulation like they used to!
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(no space) to get help on Hive. InfoFor not being a graded coin it is in amazing shape for its age.
Thanks, there a lot of nice Morgans out there that are ungraded.
Dang that's a sweet looking coin. Nice pickup for sure.
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Would you believe that (back in the day) people didn't like carrying Silver Dollars in their Pockets... They preferred Paper because the Silver Dollars were too heavy...lol...
Very true, which is why there are so many out there like this one that probably never left the bank vault.
I use to go to the Bank and get Rolls of Silver Dollars... I was searching for Carson City Mint Marks... I would end up turning them in at other Banks... I was very young and was using my Fathers money to do my search... I never did find a Carson City Mint Mark in Circulation...
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