united-states-1893-item-5
DenominationDollar
Country / EmpireUnited States
Mintage100000
Obverse DesignLiberty head (profile) wearing a Phrygian cap, inscribed with 'E PLURIBUS UNUM' and the date 1893.
Reverse DesignEagle with outstretched wings, clutching arrows and an olive branch, surrounded by a wreath. Inscriptions include 'UNITED STATES OF AMERICA', 'ONE DOLLAR', and 'IN GOD WE TRUST'.
Historical Context
The 1893-S Morgan Dollar is a key date in the series, known for its extremely low mintage, making it one of the most valuable and sought-after U.S. silver dollars. Its production was influenced by the Bland-Allison Act of 1878 and the Sherman Silver Purchase Act of 1890, which mandated the government to purchase and coin large quantities of silver. The low mintage of the 1893-S is attributed to the Panic of 1893 and the subsequent repeal of the Sherman Silver Purchase Act later that year, which significantly curtailed silver coinage.
