Showing posts with label Coin World. Show all posts
Showing posts with label Coin World. Show all posts

Wednesday, January 19, 2011

Silver Dollar • Liberty Head (Morgan) Image • American Photographer Mark Fisher


United States Coinage




• 1921 Morgan Design •





Mark Fisher New York Photographer




The Morgan Dollar Coin Originally




Had A Run Of 26 Years




Ending In 1904





The Silver Reserves Were Supposedly Depleted.





The Pittman Act,




The Pittman Act was a United States federal law





enacted on April 23, 1918.





The act authorized the conversion




of not exceeding 350,000,000 standard silver dollars




into bullion and its sale, or use for subsidiary silver coinage,





and directed purchase of domestic silver for recoinage






of a like number of dollars.



Under the Act, 270,232,722 standard silver dollars






were converted into bullion (259,121,554 for sale to Great Britain at $1.00 per fine ounce,




plus mint charges, and 11,111,168 for subsidiary silver coinage),




the equivalent of about 209,000,000 fine ounces of silver.



Between 1920 and 1933, under the Act,






the same quantity of silver was purchased






from the output of American mines,






at a fixed price of $1 per ounce, from which






270,232,722 standard silver dollars were recoined.






The fixed price of $1 per ounce was above the market rate






and acted as a federal subsidy to the silver mining industry.






passed in 1918, authorized the melting and recoining of millions of silver dollars.



Under the act, Morgan dollars resumed mintage for one year in 1921.




The design was replaced by the Peace dollar in the same year.



1921 Morgan Does Not Command The Same Prices





Of The Original Run Coinage Of The Morgan





The Population Of Higher Quality




Strikes Appear In A Larger Volume.



AMERICAN PHOTOGRAPHER MARK FISHER







Equipment




Real Camera - Pentax 67




Real Film





Kodak






Image © Mark Fisher NYC1





(All Rights Reserved)





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For Direct Contact.




Original Image By Mark Fisher NYC1





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New York Photographer Mark Fisher





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