Morgan & Peace Silver Dollar 2-Coin Set (1878-1926) // Mint State Condition // American Classics Series // Wood Presentation Box

This collection showcases two of the largest and most popular silver coins ever minted by the United States—the Morgan and Peace silver dollars. The Morgan Dollar was issued from 1878 to 1904 and again in 1921. During that same year, it was replaced by the Peace Dollar, which was produced until 1935. The Peace dollar was the last true silver dollar ever minted for ordinary circulation. Today, these coins are seldom seen but are cherished by coin collectors and enthusiasts of American history alike. Offered here is a pair of pleasant, mint-state examples hand-selected by professional numismatists after screening thousands of coins for quality and eye-appeal. Each coin is housed in an airtight capsule and presented in a luxurious, plush-lined wood box with embossed metallic gold lettering, piano-black finish, and certificate of authenticity. The coins are unconditionally guaranteed to be genuine, dated between 1878 and 1926, and will match the exceptional mint-state quality of the ones shown.

Named after the designer, U.S. Mint Assistant Engraver George T. Morgan, this coin was produced from 1878 to 1904 and again in 1921. The obverse of the coin depicts Liberty as a youthful woman wearing a Phrygian cap, originally worn by emancipated slaves of ancient Rome, together with a headdress of cotton and wheat— staples of the U.S. economy. The reverse features an American bald eagle with outstretched wings, symbolic of the power of the U.S. government. The eagle bears in its great talons both an olive branch and 3 arrows, representing a nation of peace but one that is poised for war. The dollar was authorized by the passage of the Bland-Allison Act in 1878, which required the Treasury to purchase an enormous 2 to 4 million dollars’ worth of silver each month to be coined into dollars. Later, in 1918, passage of the Pittman Act ultimately led to the melting of over 270 million Morgan dollars held in treasury reserves. Today, the choice few that remain are cherished specimens of a bygone era that serve to immortalize the memory of a young, prosperous, and powerful
United States of America.

The Peace dollar is often considered the most beautiful silver dollar ever minted by the United States. Following World War I, there was widespread sentiment to issue a coin to commemorate the restoration of peace. At the same time, the U.S. Mint was required by the Pittman Act of 1918 to replace over 270 million silver dollars that had been melted. The federal Commission of Fine Arts held a competition and invited nine medalists to submit designs for the new dollar, including famed artists Victor D. Brenner, Herman A. MacNeil, and Adolph A. Weinman, who had already designed other circulating coins. The relatively inexperienced winner, however, was Anthony de Francisci—an Italian immigrant who modeled a depiction of Liberty after his young wife Teresa. On this stunning coin, Liberty wears a radiant crown like that worn by the Statue of Liberty, symbolizing the powers associated with the sun. The reverse features a resting eagle clutching an olive branch of peace and looking towards the sun’s rays. The word PEACE appears on a rock below the eagle, making the Peace dollar the only circulating coin in U.S. history to ever to bear that motto. Production continued until the requirements of the Pittman Act were satisfied in 1928. No dollars were minted from 1929-1933, as demand was low during the Great Depression. Limited production resumed in 1934 and 1935 for the redemption of paper silver certificates. The Peace dollar turned out to be the last true silver dollar ever minted for circulation in the United States. Sadly, its timely end came not 4 years before World War II and the end of world peace.