The metallic composition of the Morgan silver dollar is a significant aspect of its intrinsic and collectible value. These coins, minted from 1878 to 1904 and again in 1921, derive their designation from the substantial amount of the precious metal they contain. This amount directly impacts the coins weight and inherent worth, distinguishing it from coins made of base metals or with lower precious metal percentages. For instance, a standard uncirculated example holds a considerable amount of silver, making it a desirable asset for investors and collectors.
The significance of this metallic makeup extends beyond mere monetary value. It’s tied to historical economic policies and the era of bimetallism in the United States, where both silver and gold were used as currency standards. The presence of this valuable metal contributed to the coin’s role in commerce and its subsequent allure as a tangible piece of American history. The physical properties also impacted the coins durability and resistance to corrosion compared to coins composed of less noble metals.
