Silver Dollar Charts (Up-to-Hour)

Morgan Silver Dollars

Morgan Silver Dollar

The Morgan Dollars were the official US dollar coin created and struck by the US Mint from 1878 through to 1904 with a very short run again in 1921. The coins were named after the Mint’s assistant engraver, George T Morgan who was responsible for the design of the coin. On the obverse side of the coin was the bust image of Lady Liberty and on the reverse side was an American Eagle grasping an olive branch. The imagery of these coins are still strong in the minds of most Americans and they are considered classics.


The Morgan Dollars had a very checkered political life. Originally, the coins were minted under the Bland-Allison Act which ended the era of free coining of silver. Historically, large groups of the population of the United States were advocates of bimetallism and were proponents of this metal being pegged at a 16 to 1 ratio to gold (in troy ounces). The true price of silver was more like 32 to 1 and so this bimetallism policy would have had a strong inflationary impact on the economy. Prior to the Bland-Allison Act, the US mint would take any amount of silver brought to it and turn it into coins, thus increasing the money supply at a rate only constrained by the capacity to mine.

But just how much silver is in a silver dollar from this era? It works out at about 90% of the weight of the coin, with an additional 10% copper to add rigidity.

The Bland-Allison Act required the mint to buy between two and four million dollars of silver each month to be struck into coins. This floor and ceiling had the effect of keeping inflation through striking coins in check but it outraged the supporters of free silver. The main supporters were farmers in the south and the Midwest, along with miners of course. The established wealth in the Northeast of the United States was already firmly entrenched with gold and were not interested in out of control inflation.

In 1890 the Bland-Allison Act was repealed by the creation of the Sherman Silver Purchase Act which shifted the way that this metal was purchased from dollars to troy ounces. This removed the dollar constrictions from the Mint’s ability to purchase the precious metal and set the monthly acquisition for coinage at 4,500,000 troy ounces. The Sherman Silver Purchase Act however had a sting in the tail as it only required the mint to strike dollar coins for one more year.

The Sherman Silver Purchase Act was short lived as the US went through a recession from 1890 – 1893 and the free silver proponents were entirely defeated as the country moved to the Gold standard in 1893. A law was passed in 1898 that required all of the silver purchased by the mint to be struck into coins which was completed by 1904 as the mint had used it’s supplies. The Morgan Dollars were struck again for a very short run in 1921, but they were replaced eventually by the Peace Dollar design.

The Morgan Dollar coins were largely melted down and the metal re-used in the striking of the Peace Dollars. However in the 1960’s the US Mint found a large supply of uncirculated Morgan Dollar coins that they then sold into the market which reduced their value considerably. Most serious coin collectors would still want a few of these exceptional pieces in their collection, though.

Silver Dollar – World Silver Miners

Where are all the silver comes from?
In the year 2012 alone, total silver production was at a all time high of over 24,000 metric tons, a 28% increased over the last ten years.

Do you know that, over half of world silver production comes from Peru, Poland, Mexico, China and Australia.
Mexico was the top producer of over 4,500 metric tons
Peru and China produced over 4,000 metric tons.
And follow by Australia produced just below 2,000 metric tons of silver.
Others high producer are US, Bolivia, Chile, Poland and Russia all contributed around 1,000 to 1,400 metric tons last year.

And if you are thinking of investing on the mining company, here are the majors producer from each country;
KGHM Poiska Miedz in Poland.
BHP Billiton PLC in Australia.
Fresnillo PLC in Mexico
Goldcorp INC. & Pan American Silver in Canada.
Volcan Cia Minera SAA, Cia de Minas Buenabentura & Hochschild Mining PLC in Peru.
Polymetal International PLC in Russia
Alternatively you can also invest through an ETF such as iShares

The trend shows that, South America is coming up strong on silver mining as they produced over half of the top 12 silver miners over the world.

Who use silver?
Do you know that silver was made into chopsticks as a testing tool during the ancient time in China? Before the meals were server to the Emperor, the royal guard would used the silver chopstick to put into all dishes one by one, if the dish were poisoned the chopstick will turn black in color, a way to protect the Emperor.

Silver was used for thousands of year till now, it was used as a medium of currency and jewelry in the olden days. But at the technology age of today, silver is use in a very wide range, such as medical applications such as; in catheters to reducing bacteremia in the hospitals, treatment in gels and bandages, to kill bacteria, viruses, algae and fungi, hearing aids and dentistry fillings.
As silver is a high conductivity material its good for electrical components like; connectors for audio. It also use on batteries, cutlery, musical instruments like saxophones and flutes and more.

Why invest on Precious Metal – Silver Dollar

The dollar is depreciating year after year, and you are making a lost by keeping the cash in you bank account. As the investment guru said; don’t place all your eggs in one basket, diversify your investment, and build a portfolio that takes advantage of the opportunities.
The theory is to allow the investor to eliminate risk in a specific industry, company or product. Such as, you don’t invest all your money in one stock or commodity, if that product down that goes all your monies. On a broader level, a wise investor does not build his/her portfolio on one or two industries, they would build on multiple sectors such as; share, properties, commodities and others.

Silver & Gold is a good product to invest as its price has been going up for the past few years. And one of the factors that driving the price up is the depreciating dollar. People will turn to bullion when the currency turned weak as a protection of their monies against inflation. Uncertainty of the euro economy also affecting the bullion price as well as the demand for industrial and jewelry on precious metals on the global markets.

Data from iShare Silver Trust, more and more investors are seeking an alternative to gold, as gold price has been skyrocket high that many people would not afford it any more. And a record of 19,114 tons of silver related products was traded. An estimated 28% rise on silver dollar to $40.25 per ounce within this year, its at $31.3325 per ounce now in London.

The best ways to invest on precious metal are; buy the stocks or bonds of the companies that mine the metal or buy the product itself. The risk of buying the stocks of this mining companies, it share may go up and down rapidly, and buying the physical product from a local shop may end up paying a premium price and you may also have to consider when you want to sell them. What kind of price they will buy back from you?

So talk to an expert before you take out your money.