The U.
S.
Morgan dollar silver coins have an interesting place in history, and an easy to remember source address online - GovMint.
com.
Many collectors, be they serious numismatists (coin collectors) or those looking to make sound investments in their futures, are drawn to this beautiful specimen of fine American history.
This coin's first minting came as a result of the Comstock Lode, which was the greatest silver strike in all history, discovered in Nevada in the late 1850s.
This huge amount of U.
S.
silver put a downward pressure on the price of silver worldwide.
In 1878 Congress passed the Bland-Allison Act, requiring the Department of Treasury to acquire large amounts of silver to strike as coins.
Due to the economy of those times, the Treasury chose to strike these coins as dollars.
The value of silver in the U.
S.
had exceeded the face value of the Seated Liberty dollar coin of those days, so the new Morgan dollars were issued to replace them.
As the supply of U.
S.
Morgan dollars minted by 1904 was quite sufficiently high, and there was then an absence of silver bullion, the minting of them had ceased.
In 1918, the Pittman Act called for over 270 million of these U.
S.
silver dollar coins to be melted down for their silver content.
In 1921 the minting of the Morgan dollar resumed for one year, then was replaced by the Peace dollar commemorative coin which eventually became the standard issue coin for the U.
S.
, replacing the Morgan dollar ever after.
After 270 million of these had been melted down, the rarity of these had been bound to go up.
GovMint.
com has quite a stock of these, and many collectors flock to them to buy their U.
S.
Morgan dollars.