The Morgan (or Liberty Head) Type Dollar was designed by George T. Morgan who studied under Wyon at the Royal Mint in London. It was made from 1878 to 1921 with the exception of the years 1905 to 1920. The United States feared depletion of its supply of bullion and halted production of dollars in 1904. They replaced their supply by melting 270,232,722 worn silver dollars and starting production again for the year 1921. After this one year resurrection the type was replaced with the Peace Dollar. Most collectors of United States coins dreams of the complete set of perfect Morgans but like the Holy Grail the quest is never completed. With some scarce varieties and some rare mints and dates, collectors spend lifetimes and fortunes first completing their sets and then improving on the condition of the individual coins. Popular for investment, the Morgan Dollar has a solid place in the history of coinage.
Good reference works for those with more interest in this type of coin are The Complete Encyclopedia of U.S. and Colonial Coins by Walter Breen and The Comprehensive U.S. Silver Dollar Encyclopedia by John W. Highfill.
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