1921 US Morgan Silver Dollar Almost Uncirculated The Morgan Dollar is one of the most storied coins in American history. Its origin can be traced to the discovery of the Comstock Lode during the late 1850s in what is now Virginia City, Nevada, one of the largest silver strikes in history, and the political pressure for government intervention that followed the subsequent drop in global silver prices In 1878, the United States Congress passed the Bland-Allison Act, requiring the Treasury Department to buy large amounts of silver - two to four million troy ounces a month - for the production of coins. The Treasury Department decided to strike dollar coins with the incoming silver and the Morgan Dollar was born. Morgan Dollars were minted from 1878 through 1904, and 1921, in Philadelphia , San Francisco, New Orleans, Carson City, Nevada, and Denver. Each Morgan is composed of . 900 fine silver, yielding a total silver content of .77344 troy ounces per coin, and measures 38.1mm in diameter. The coins take their name from their designer, the British engraver George T. Morgan. Morgan recruited a Philadelphia schoolteacher named Anna Willess Williams to pose as Lady Liberty for the new design.