The Morgan Silver Dollar is a silver United States dollar coin that is highly valued among coin collectors. The Silver dollars were minted from 1878 to 1904 and again for one more year in 1921. The Morgan Silver Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin. Morgan's monogram appears near Lady Liberty's neck on the obverse. The Morgan Silver Dollar has continued to be the most collectible of the silver dollars of all time. It has a fineness of .900, giving a total silver content of 0.77344 troy ounces (24.057 grams) per coin.
The Treasury had about 2.9 million Morgans Silver Dollar left in 1964, very scarce Carson City specimens, which the GSA put up for public sale. During fiscal years 1918 and 1919, the U.S. government melted a total of more than 270 million silver dollars As the supplies dwindled, the public finally became interested in the beautiful Morgan silver Dollar. The real feeding frenzy came,however, when an amazing hoard of more than 400,000 Morgans Silver Dollar was found in the basement of Nevada miser LaVere Redfield after his death in 1975.