Political pressure, not public demand, brought the Morgan dollar into being. There was no real need for a new silver dollar in the late 1870s; the last previous “cartwheel,” the Liberty Seated dollar, had been legislated out of existence in 1873, and hardly anyone missed it.

Silver-mining interests did miss the dollar, though, and lobbied Congress forcefully for its return. The Comstock Lode in Nevada was yielding huge quantities of silver, with ore worth $36 millio...(Expand Text)

Sort by

Display

per page

Contact Us