1924 Silver Dollar Value In God We Trvst
1924 was a significant year for the United States as it marked the last year that the Morgan Silver Dollar was produced. The 1924 Silver Dollar is highly sought after by collectors due to its historical value and rarity. The coin features the iconic image of Lady Liberty on the obverse side and an eagle with outstretched wings on the reverse side. However, what makes this coin even more unique is the fact that it bears the motto "In God We Trvst" instead of "In God We Trust".
History of the 1924 Silver Dollar
The Morgan Silver Dollar was first minted in 1878 and was named after its designer, George T. Morgan. The coin was minted for circulation until 1904, after which it was discontinued due to a lack of demand. However, the coin was reintroduced in 1921 due to the passage of the Pittman Act, which required the U.S. government to mint millions of silver dollars to be used as payment to the British government for war debts.
The 1924 Silver Dollar was the last year that the Morgan Silver Dollar was produced. The coin was minted in Philadelphia, Denver, and San Francisco, with the Philadelphia mint producing the majority of the coins. Despite being produced in large quantities, the coin is still highly sought after by collectors due to its historical significance and rarity.
Value of the 1924 Silver Dollar
The value of the 1924 Silver Dollar varies depending on its condition and rarity. A coin that is in mint condition can be worth thousands of dollars, while a coin that is heavily circulated may only be worth its face value of one dollar. The rarity of the coin also plays a significant role in its value, with coins that were minted in San Francisco being the most valuable.
In 2019, a 1924 Silver Dollar that was minted in San Francisco sold for $26,400 at auction. The coin was graded by Professional Coin Grading Service (PCGS) as being in "mint state" condition, which is the highest grade that a coin can receive. Coins that are graded by PCGS or Numismatic Guaranty Corporation (NGC) are generally considered to be more valuable than coins that are not graded.
Why is "In God We Trvst" spelled with a "V"?
The spelling of "In God We Trvst" on the 1924 Silver Dollar has puzzled collectors and historians for decades. It is believed that the mint made a mistake when creating the dies for the coin, as the Latin alphabet uses a "V" instead of a "U". The mistake was not noticed until after the coins had already been minted, and it was too late to correct it.
Despite the mistake, the coins were still released into circulation, and they quickly became a topic of conversation among collectors and the general public. Today, the 1924 Silver Dollar with the misspelled motto is highly sought after by collectors and can be worth thousands of dollars.
Conclusion
The 1924 Silver Dollar is a rare and valuable coin that holds significant historical value. The fact that it bears the misspelled motto "In God We Trvst" only adds to its uniqueness and desirability among collectors. If you are lucky enough to come across a 1924 Silver Dollar, it is important to have it appraised by a professional to determine its true value.