Morgan Dollar And Its Mints

Morgan Dollar And Its Mints

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Silver Morgan Dollars coins, named after George T. Morgan (designer), and were minted between 1878 to1904 and again in 1921 by US treasury department. Each coin weighted around 24.057 grams and had a silver purity of .900. As these coins valued par with the silver bullion they remained in high demand in both pre and post minting period. The minting process of these coins was carried on in all four famous mints of the United States.

This mint was built in Carson City, Nevada, US to mint the Morgan Dollars silver coins from the silver mined during the Comstock Lode, the greatest silver strike of late 1850s, in the same manner as the San Francisco Mint was set up for minting gold coins during the gold strike from California. In this mint 50 issues of silver coins and 57 issues of gold coins were minted from 1870 to 1893.

Carson City use the mint mark of "cc". This mark was put under the tail feathers of the Eagle between the letters D and O in "DOLLAR" on the obverse of the coin. This Carson City Mint became the U.S. Assay Office for gold and silver from 1895 to 1933 and was finally sold by the Federal Government to the Nevada state in 1939.

The Denver Mint was set up in 1897 at Denver, Colorado, USA. The coin minting process started from 01/02/1906 which remained uninterrupted even today. In this mint different categories of coins were minted such as coins meant for circulation, coins for mint sets and the commemorative coins bearing the mint mark "D" on each of them. This mint is termed as the single largest producer of coins in the world. The mint when actually built by Clark, Gruber and Company, was engaged in the production of quality gold bars from the gold dust purchased from the miners of the nearby mines. The Federal Government took the possession of this mint at a later period.

The New Orleans Mint was set up in New Orleans, Louisiana-U.S. in 1835, this mint remained in operation from 1838 to 1861 and was again started from 1879 to 1909. During its tenure the mint produced more than 427 million coins of both gold and silver under all the denominations, the total value of its production stood at US$ 307 million. Most of the Civil War and rebuilding of the state after the war caused interruption to its continuity. After its minting days the mint was either used as an assay office or for storage use of US Coast Guard.

The San Francisco Mint was built in California, US in 1854 and was commenced with the view of serving the gold mines of the California Gold Rush. The Granite Lady is the old building which miraculously survived the San Francisco earthquake of 1906. During its initial first year of operation, it was successful in converting $4 million in gold bullion into coins.

About the Author:
Alan Brenner maintains 1900SilverDollar.com. A site dedicated to the Morgan Silver Dollar with a nice selection of 1897 Silver Dollars.



Article Originally Published On: http://www.articlesnatch.com


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