Dear Collec<strong>to</strong>r,<strong>Silver</strong> and <strong>Morgan</strong> <strong>Dollars</strong>! Words that workmagic on collec<strong>to</strong>rs and anyone who hasever held these big shiny silver coins intheir hands. And <strong>Morgan</strong> silver dollars tellthe s<strong>to</strong>ry of mountain men, pioneers andprospec<strong>to</strong>rs who opened up the West, andthe families who settled the open prairies.Nicknamed “King of America’s <strong>Coin</strong>s”These big, heavy 90% silver coins werestruck using ore gleaned from rich westernmines – like the Coms<strong>to</strong>ck Lode, whichDavid M. Sundman,yielded $36 million annually at its peak!LCC PresidentLarge, handsome, and weighing over 3/4 ofan ounce, it’s easy <strong>to</strong> see why these his<strong>to</strong>ricsilver dollars have earned the nickname “King of America’s<strong>Coin</strong>s”! The magnificent <strong>Morgan</strong> dollar was struck for 27 years,from 1878 through 1904, and one final time in 1921.As we move further in<strong>to</strong> the 21st century, more peoplecollect <strong>Morgan</strong> silver dollars than at any other time. Yet, unlikethe beginning of the 20th century, there are no more largehoards. These huge caches were dispersed decades ago, andmillions of <strong>Morgan</strong>s disappeared in<strong>to</strong> private collections wherethey could remain for years. That makes locating <strong>Morgan</strong>s witheye appeal more difficult <strong>to</strong>day.Have a plan for your collectionIt’s always good <strong>to</strong> have a plan and focus for what you want <strong>to</strong>collect. Although there is a variety of ways, building a completedate and mint mark collection is considered by many <strong>to</strong> be theultimate achievement. The anticipation of waiting <strong>to</strong> fill thenext space in your album becomes proud satisfaction when youlocate that coin.Of course, one of the greatest thrills of collecting is huntingfor coins, like the first-year 1878 <strong>Morgan</strong>s in Uncirculatedcondition. Although there are rare dates like the 1895 or1893-S, there are also the popular, <strong>to</strong>ugher semi-key dates likethe 1879-S, 1886-S and 1893-O, <strong>to</strong> mention a few.Whatever your level of interest or experience, I hope you’llfind this collec<strong>to</strong>rs club booklet on <strong>Morgan</strong> dollars a useful,interesting, and educational guide <strong>to</strong> the series.Sincerely,David M. SundmanPresident2
Collecting is a way <strong>to</strong> make time stand still, or at least <strong>to</strong> bring the pastalong with us. If nothing were saved, we would have no knowledge of thepast except for what we read. And bygone days would slip in<strong>to</strong> obscurity.But with collectibles, the past comes alive. <strong>Coin</strong>s are especiallyfascinating, for they were (and are) the means of daily commercialexchange. When you hold a 50 or 200 or 2000-year-old coin in your hand,you can’t help but imagine who might have used it or where that coin mighthave been in its lifetime!Table of ContentsThe Legend of the Coms<strong>to</strong>ck Lode& Birth of the <strong>Morgan</strong> <strong>Dollars</strong> ..................41878 – The First Year of Issue ........................6His<strong>to</strong>ry of the Philadelphia andNew Orleans Mints ..................................8The Only Year Denver Minted <strong>Morgan</strong>s ......12The San Francisco Mint................................14The Carson City Mint ..................................16The “<strong>Silver</strong> Kings” Get Richer ......................181880s – Innovations and Hardships ............20The <strong>Morgan</strong> <strong>Silver</strong> Dollar Hoards ................22The His<strong>to</strong>ry of Little<strong>to</strong>n <strong>Coin</strong> <strong>Company</strong> ......25What Can Little<strong>to</strong>n <strong>Coin</strong> Do for Me? ..........26Caring for Your <strong>Coin</strong>s ..................................273