A Brief History of the Guide Book of Morgan Silver Dollars

Mar 21, 2019 | News

by Dennis Tucker

Whenever the classic coins of the United States are ranked for popularity, the famous Morgan silver dollar rises to the top of the list. Every day at Whitman Publishing we see evidence of its universal appeal. Hobbyists buy thousands upon thousands of coin folders, albums, and other holders to store and display their Morgan dollars. We get emails, letters, and phone calls about the hefty old coins. When we go to coin shows, collectors and investors are talking about them. As we work on each year’s edition of the Guide Book of United States Coins (the “Red Book”), we hear plenty of Morgan dollar observations and market analysis from professional coin dealers around the country.

Meanwhile, outside the active hobby community, the Morgan dollar is one of the “rare coins” that even non-collectors are likely to know about. They found one in Grandpa’s cigar box, or saw them for sale in an airline in-flight magazine, or maybe spent by cowboys in a saloon in a TV Western.

This is a coin that sparks the imagination. Once it entered the American consciousness it never left.

Given this widespread interest, it’s easy for a publisher to answer the question, “Why make yet another book about Morgan dollars?” Quite simply, America’s most popular coin deserves as many good books as the hobby community can read and enjoy.

From observing the book market over the past 14-plus years, I believe that a rising tide lifts all ships when it comes to Morgan dollars. Because of the hobby’s longstanding interest in these coins, each new volume starts out with the potential of a built-in audience. Of course, to be successful a book has to share valuable information and it helps to be well written. From there the appreciative audience and the evergreen subject combine to create more and more excitement over Morgan dollars.

The First Edition of a New Hobby Classic

Q. David Bowers’s Guide Book of Morgan Silver Dollars, billed as “A Complete History and Price Guide” and recently released in a sixth edition, is the most popular reference in the field.

The first edition was published in 2004. By then Bowers was widely recognized as a subject-matter expert (not just on Morgan dollars, but across all aspects of U.S. numismatics). His published work on these coins goes back decades; a short list includes the Comprehensive U.S. Silver Dollar Encyclopedia (1992) and the hugely popular two-volume Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia (1993), not to mention numerous chapters, essays, and articles published in other books and in hobby journals, newspapers, and magazines.

Updates, and a New Layout

The second edition of the Guide Book followed in 2005 with updated pricing and certified-coin population data. A new appendix studied the Morgan dollar patterns of 1878.

In 2007 we published the third edition. By this time the modern renaissance in numismatic publishing was well underway. No longer were black-and-white photographs acceptable to the hobby community; the third edition of the Guide Book of Morgan Silver Dollars was published in full color. (Yes, nuances of color are noticeable in silver coins; they’re not as colorless as a non-collector might think!) Again the book’s coin-by-coin pricing was updated, reflecting the ever-changing market, and certified populations captured the latest third-party-grading data. New research was incorporated into the manuscript—Morgan dollars are a robust and very active field of study with new discoveries regularly being made. The book’s layout and typography were spruced up to make it as pleasantly readable as possible and easy for the reader to navigate.

Expansion and New Books in the Field

The fourth edition came out in 2012. Again fully updated and revised, the new volume added an illustrated appendix of misstruck and error Morgan dollars, showcasing some truly outlandish coins including double strikes and off-centers, along with insight to guide smart purchases.

What did the hobby community think of Morgan dollars at this point? The fourth edition’s updated pricing reflected continuing enthusiasm. Many common dates had increased in retail price by 50 percent or more since the book’s first edition debuted eight years earlier, and rare dates and varieties had doubled—or more—in value. The Morgan dollar remained the King of American Coins.

By the time the Guide Book of Morgan Silver Dollars established itself as the coin’s modern standard reference, other Whitman books had joined the party. In late 2009 (with a copyright date of 2010) we published Carson City Morgan Dollars: Featuring the Coins of the GSA Hoard, by Adam Crum, Selby Ungar, and Jeff Oxman. “This book begins with the accidental discovery of gold in California in 1848,” we announced at the book’s release. “The struggles of adventurers in the Gold Rush . . . the Nevada silver boom of the late 1800s . . . the creation of the Carson City Mint . . . these are some of the rich historical veins that Crum, Ungar, and Oxman mine in Carson City Morgan Dollars.”

Carson City Morgan Dollars was expanded and revised in a second edition released in 2011, then updated to a third edition that debuted at the American Numismatic Association’s National Money Show held in Atlanta in March 2014. Even with its specific focus on a subset of Morgan dollars, there was plenty of new material to justify the new edition. It was updated with additional historical photographs, revisions from ongoing research, new coin values and certified-coin populations, and fresh market commentary.

In November 2012 (copyright date of 2013) Whitman published The Private Sketchbook of George T. Morgan, America’s Silver Dollar Artist, a remarkable new book made in cooperation with the Smithsonian Institution. “Today most collectors know Morgan as the father of this legendary silver coin,” we noted. “Some specialists are familiar with his designs for commemoratives and medals, and his significant work in U.S. pattern coins. But who exactly was George T. Morgan? Karen M. Lee, a curator of the National Numismatic Collection housed at the National Museum of American History, finally answers that intriguing question. Introducing Morgan’s never-before-published personal sketchbook, and with unique access to family photographs and documents, Lee reveals the man behind the coins. The Private Sketchbook of George T. Morgan is an eye-opening immersion into what Lee calls the designer’s ‘life of art and labor.’” This book, like the others mentioned here, went on to win literary awards.

Next, in 2014, a new Whitman book was published, authored by Michael “Miles” Standish assisted by the research/writing team of Charles Morgan and Hubert Walker. In Morgan Dollar: America’s Love Affair With a Legendary Coin, various sections discuss the United States during the Morgan dollar era; the anatomy of the coin’s design; a market study going back to 1946; a year-by-year analysis of the series, including Philadelphia, New Orleans, Carson City, Denver, and San Francisco coins; and Morgan dollar Proofs.

Exciting New Discoveries in the Fifth and Sixth Editions

The fifth edition of the Guide Book of Morgan Silver Dollars featured the requisite updated pricing, a useful new index, fresh illustrations, and the exciting announcement of a startling discovery: information never before published, the story of the 1964 Morgan dollar. This made national headlines, stirred up the hobby’s imagination, and got people talking. Could we have expected anything less from the wonderful and legendary Morgan dollar?

The sixth edition, which debuted in March 2019, continues the ongoing exploration, conversation, and fascination with these classic coins. We have dramatically increased our coverage of the 1964 Morgan dollar. A new appendix describes a serious threat to the hobby: counterfeit coins. We’ve expanded the index, a helpful tool for navigating the book. And again we’ve updated the coin-by-coin catalog with current pricing and new certified-population data.

The King of American Coins

The Morgan dollar continues to fascinate experienced numismatists and curious laymen alike. It is linked historically to the U.S. Mint’s earliest silver dollars and connected to the modern dollar coins of later generations. If you learn about its history, design, engraving, production, distribution, and market, you get a richly detailed immersion in every aspect of American coinage. The Morgan silver dollar will always be the King of American Coins.

NGC Certifies the Cherrywood Collection of Classic Chinese Coins

Mar 20, 2019 | News

NGC is pleased to announce that it has authenticated and graded a major collection of vintage Chinese coins. Dubbed the Cherrywood Collection, the group of rare coins, including bronze and silver patterns, was housed in a small cherrywood box and has not been seen in the marketplace in over a century.

The highlights include a Year 3 (1911) Long-Whiskered Dragon Silver Dollar Pattern, L&M 29, graded NGC SP 64, and a Year 3 (1911) Large-Tailed Dragon Silver Dollar Pattern, L&M 33, graded NGC PF 65.

The 26 coins in the Cherrywood Collection have all been certified by NGC and are being offered without reserve by Great Collections at greatcollections.com. The coins are currently open for bidding with auctions ending on April 14 and 21, 2019. Aside from the two Dragon patterns mentioned above, there are many other bronze and silver patterns issued between 1906 and 1911 that are included in the collection.

Learn more →

New Appointee Joins Citizens Coinage Advisory Committee

Mar 15, 2019 | News

WASHINGTON – The United States Mint today announced the appointment of Dr. Dean J. Kotlowski to the Citizens Coinage Advisory Committee (CCAC), as the member specially qualified by virtue of his education, training, or experience in American history.

Dr. Kotlowski is a specialist in twentieth-century U.S. political and policy history. He fills the vacancy created by the term expiration of Dr. Herman J. Viola. Dr. Kotlowski’s term is four years.

Dr. Kotlowski is a professor of history at Salisbury University. He received his Ph.D. and M.A. from Indiana University and his B.A. from Canisius College. He is the author of Nixon’s Civil Rights: Politics, Principle, and Policy and Paul V. McNutt and the Age of FDR, and the editor of The European Union: From Jean Monnet to the Euro. Professor Kotlowski has published 40 articles and book chapters in the U.S., UK, Australia, Austria, Germany, Denmark, Finland, and Russia. He has lectured in 22 countries and has twice served as a Fulbright Scholar, in the Philippines (2008) and Austria (2016).

Dr. Kotlowski has extensive experience in public history. He was a member of a four-person team of internationally-renowned historians who oversaw the first comprehensive reconfiguring of museum exhibits at the Richard Nixon Library in Yorba Linda, California. In addition to extensive lecturing before academic, community, senior citizen, and student groups, he has spoken numerous times on National Public Radio and has appeared multiple times on C-SPAN, including in its “Lectures in American History” (2012) series.

The CCAC was established by an Act of Congress in 2003. It advises the Secretary of the Treasury on theme or design proposals relating to circulating coinage, bullion coinage, Congressional Gold Medals, and other medals produced by the United States Mint. The CCAC also makes commemorative coin recommendations to the Secretary and advises on the events, persons, or places to be commemorated, as well as on the mintage levels and proposed designs.

The CCAC is subject to the authority of the Secretary of the Treasury. The United States Mint is responsible for providing necessary and appropriate administrative support, technical services, and advice.

The CCAC submits an annual report to Congress and the Secretary of the Treasury, describing its activities and providing recommendations.

Italo Vecchi Praises ‘Modern Renaissance Man’ Harlan Berk and the 100 Greatest Ancient Coins

Mar 10, 2019 | News

The second edition of 100 Greatest Ancient Coins, by Harlan J. Berk, debuts in March 2019, two weeks before the American Numismatic Association’s National Money Show. Here, distinguished European numismatist Italo Vecchi, an award-winning scholarly author himself, reflects on Harlan Berk and the importance of 100 Greatest Ancient Coins.

The first edition of 100 Greatest Ancient Coins, by Harlan J. Berk (Whitman, 2008), was an instant success. This second edition again highlights Harlan’s personal choice of 100 princely coins of unusual historical interest and beauty from the Late Archaic period to Late Antiquity. Each coin is described according to artistic merit, historical context, and metrology. This edition presents, in an easily accessible format, Harlan’s scholarly and oft-cited study “The Coinage of Croesus,” a clearly numbered catalog of all gold and silver coinage of that ruler, which makes this book invaluable for all serious ancient numismatic academics, historians, dealers, and amateurs alike.

This is not just a simple reprint of the earlier version. Harlan’s selections have been modified and his descriptions and images improved, and he has added a useful summary of ancient gold and silver denominations.

Harlan Berk is an internationally renowned coin dealer and art collector whose profound scholarly knowledge applies not only to ancient numismatics, but to early archaeology, Dutch master paintings, the twentieth-century Chicago school of painting, and more, as befits a modern Renaissance man. He follows in the tradition of the early collectors of the Greek, Roman, and Byzantine coins that have fascinated erudite men and women since ancient times. As Suetonius reported of Augustus: “At Saturnalia, or at any other time when the fancy took him, he distributes to his company clothes, gold, and silver; sometimes coins of all sorts, even of the ancient kings of Rome and of foreign nations” (De vita Caesarum 75). Theodora, sister-in-law of Constantine IX, is reputed by Michael Psellus to have “gloated over her collection of darics, for which she had bronze coffers made” (Chronographia 6.63).

The fourteenth-century Italian humanist, scholar, and poet Francesco Petrarca, whose discovery of Cicero’s letters is often credited with initiating the Renaissance, is also recorded as one of the first known collectors of ancient coins. Other early collectors included Pope Boniface VIII and the emperor Maximilian I. Coin collecting became fashionable among the literati and members of the aristocracy””especially kings and queens””during the Renaissance and was called the “Hobby of Kings.” The first known book dedicated exclusively to ancient coins was published in Paris in 1514 by Guillaume Budé De asse et partibus e jus<, the source of which was probably the author’s own collection of Greek and Roman coins. Harlan Berk’s corpus of 100 remarkable ancient coins is the latest in a long line to hold up a mirror to our nature, allowing us to see ourselves as we were in the classical civilizations of Greece and Rome—cultures much like our own but still tied to slavery and the land, more primitive and casually cruel, yet in outward show and art far more beautiful and, for many periods, inwardly happier and more content (though always threatened, like us, by rising tides of barbarism and internal strife). As a native of Chicago, Harlan will be daily aware of the contrast between opulence and poverty, splendor and misery, that characterize any new Athens, Rome, or Constantinople, yet he has not allowed his friendly and hospitable disposition to be corrupted by pessimism. His wife, Pam Berk, like the amiable spouse of many a devoted numismatist and collector, has long tolerated with patience her husband’s obsession, which has made this remarkable catalog of 100 exceptional coins possible.