Minted from 1878 to 1904, then again in 1921, before retiring as America’s most popular coin. Morgan Dollars are called the “King of America’s Coins” for a good reason: they helped the United States grow the western frontier and fueled the engines of American industrialization. During the late 19th Century, the Morgan Dollar became a rallying point in politics between the Eastern Bankers, known as the “Gold-bugs,” and the Western Silver Mining interests, dubbed the “Silverites.” They contributed to one of America’s major economic depressions, the Panic of 1893, and became a major political platform in the 1896 and 1900 Presidential elections. The “Gold” or Silver” bimetallism debate over the monetary standard gave the politicians much to argue about.
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