The inception of the Morgan dollar can be traced back to 1878, a year marked by significant developments in the United States. The nation was grappling with a shortage of silver coinage, a problem that had persisted for several years. The silver boom of the 1850s and 1860s had led to an influx of silver into the market. This surplus of silver prompted a need for a coin that could efficiently utilize this abundant resource.
To address this issue, the United States Congress passed the Bland-Allison Act, which was enacted on February 28, 1878. This legislation mandated the creation of a new silver dollar coin, marking the birth of the Morgan dollar. Named after its designer, George T. Morgan, this coin was destined to play a pivotal role in the country’s coinage history.
George T. Morgan was a highly talented British engraver who had emigrated to the United States. He was working at the United States Mint as an assistant engraver, a position that would provide him with a unique opportunity to leave an indelible mark on American numismatics. Morgan’s design for the new silver dollar was a testament to his artistic prowess. It showcased the creativity and talent he had honed over the years.
