Preliminary identification

Collection of United States Morgan and Peace Silver Dollars (4 Coins)

Photo reference

5 uploaded photos

Overview

A fascinating four-coin grouping of historic United States 90% silver dollars, bridging two of the nation's most iconic numismatic eras. The set features a first-year-of-issue 1878 Morgan dollar, a final-year 1921 Morgan dollar, and two Peace dollars dated 1922 and 1928.

Story

Congress passed the Bland-Allison Act in 1878, forcing the U.S. Treasury to buy massive amounts of Western silver and strike it into these heavy, satisfying cartwheels. They became the literal bedrock of the American West, jingling in the pockets of cowboys, railroad barons, and saloon keepers alike.

Maker / Origin

The Morgan dollar was designed by George T. Morgan, a talented English engraver who used an American schoolteacher, Anna Willess Williams, as his model for Liberty. The Peace dollar was designed by Anthony de Francisci, an Italian-American sculptor who used his wife Teresa as his model, capturing her wind-blown hair to symbolize a fresh, hopeful post-WWI era.

Condition & Value

The coins show honest circulation wear consistent with their age, with some moderate surface toning, minor scratches, and localized discoloration on the 1922 Peace dollar. The 1878 Morgan dollar retains quite sharp details on Liberty's hair and the eagle's breast feathers, suggesting a higher grade.

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Sold comps, value drivers, and venue guidance pulled from recent auction results.

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Market Analysis

Comparable demand stays strongest where maker, originality, and venue confidence line up. Broader examples still trade, but the range tightens quickly when provenance, condition, or selling lane fit is missing.

Value Drivers

  • Strong maker attribution with credible period details
  • Better-than-average condition for the category
  • Broader demand rises when presentation and finish feel intact

Concerns

  • Decorative-only demand limits the ceiling
  • Surface wear or missing provenance can compress the range fast
  • Regional sale lanes often underperform specialist venues

Best Venue

Specialty auction or a focused dealer with buyers already in this lane.

Comparable Sales

5 comps
Regional auction· Jun 2024
$1,280

Signed example with light edge wear and original frame.

Dealer archive· Mar 2024
$1,450

Comparable format with stronger provenance and cleaner surface.

Marketplace sale· Jan 2024
$980

Smaller related piece with visible craquelure and trimmed margins.

Estate platform· Oct 2023
$1,150

Period match with softer condition and weaker subject matter.

Auction result· Aug 2023
$1,375

Close market lane comp with similar material and presentation.