The Morgan Dollar — named for George T. Morgan, the U.S. Mint engraver who designed it — became the standard unit coin in 1878. Morgan dollar production was suspended in 1904 when silver reserves were depleted. In 1921, however, Morgan dollar production resumed with entirely new master dies.
Following the war, numismatists petitioned for a new silver coin design to memorialize America’s hard-won victory. The Peace dollar, designed by Anthony de Francisci, was chosen as the Morgan dollar’s replacement and minting began in December of 1921.
This transition represents a major moment in our country’s numismatic and national history. While the Morgan dollar symbolizes the industrialization of the 19th century, the Peace dollar heralded America’s growth as a global power and the time of peace ushered in after the war.
The Morgan and Peace dollar 100th Anniversary Special Label (#1559) will be available for bulk submissions only for no additional fee through December 31, 2021.
To see other NGC Special Labels, click here.
Press release courtesy of the Numismatic Guaranty Corporation.