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#C338 Morgan 1879-CC Capped Silver Dollar This coin has been graded by the PCGS grading service with a grade of F-15 plus shipping $6.00

The coinage law of 1873 made no provision for the standard silver dollar. During the lapse in coinage in this denomination the gold dollar became the unit coin, and the trade dollar was used for commercial transactions with the Orient. Resumption of coinage of the silver dollar was authorized by the Act of February 28, 1878, known as the Bland-Allision Act. The weight (412 1/2 grains) and fineness (.900) were to conform with the Act of January 18, 1837. George T. Morgan, formerly a pupil of Wyon in the Royal Mint in London, designed the new dollar. His initial M is found at the truncation of the neck, at the last tress. It also appears on the reverse on the left-hand loop of the ribbon. Coinage of the silver dollar was suspended after 1904 when the bullion supply became exhausted. Under provisions of the Pittman Act of 1918, 270,232,722 silver dollars were melted and later, in 1921, coinage of the silver dollar was resumed. The Morgan design, with some slight refinements, was employed until the new Peace design was adopted later in that year. Designer George T. Morgan; weight 26.73 grams; composition: .900 silver, .100 copper; diameter 38.1 mm; reeded edge; mints: Philadelphia, New Orleans, Carson City, Denver, San Francisco. Net weight: .77344 oz. pure silver. Mint mark location is on reverse below wreath.

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