Replacing the Seated Liberty silver dollar, the Morgan dollar was produced from 1878-1904, and again in 1921. The Peace dollar was introduced in 1922 to honor the end of World War I, and the Morgan dollar was retired. To learn more about Morgan Dollars you can find more information below our products listed.
Peace Dollars were minted 1921-1935 in appreciation of the end of World War I. High mintages allow for the Peace Dollar to be found in every desired condition. The 1921 Peace Dollar was a “high relief” design which tended to show flatness of Lady Liberty’s hair and was not easily stackable. The design was changed to the more common design in 1922 and thereafter.
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The 1878-1880 Morgan designs were altered slightly. The differences are minor, but on the reverse, the original Liberty dollar’s eagle possessed eight original tail feathers. This design had an awkward appearance, so the number was reduced to seven in subsequent coinings. This modification, among others, caused several varieties and errors to appear in circulation.
The Morgan dollar was produced by all five mints, including the Carson City Mint (1878-1885 and 1889-1893). The Carson City Morgan dollar is among the most highly collectible, partly due to the coins’ high quality and clarity.
The many Morgan varieties are called VAMs, named after two notable experts, Leroy VanAllen and George Mallis. Among the most popular are the VAM-5, which had eight tail feathers rather than the later seven, and some doubled die letters, and the VAM-4, which is known colloquially as the 1880-O Hot Lips for the doubling of Lady Liberty’s lips on the obverse.