1921 silver dollar at 1921 Silver Dollar

1891 silver dollar value

Just like we did in the last post, 1886 silver dollar value, we are about to cover the historical context and the average value of another silver dollar coin, the 1891 silver dollar.

1891 silver dollar value 1891 silver dollar value reverse

In 1891, the silver dollar being minted was the Morgan Silver Dollar. In spite of that, this coin was in circulation together with previous minted silver dollar coins and also future coins: the Trade Dollar (1878–1885), the Large Head Indian Gold Dollar (1878–1889) and the Peace Dollar (1921).

Historical context

In 1891 the President of United States was the republican Benjamin Harrison (August 20, 1833 – March 13, 1901). He was the 23rd President of the United States (1889–1893). Harrison who was a grandson of President William Henry Harrison, was born in North Bend, Ohio. During the American Civil War, he served as a Brigadier General in the XX Corps of the Army of the Cumberland. After the war he unsuccessfully ran for the governorship of Indiana, and was later appointed to the U.S. Senate from that state.

Harrison was elected to the presidency in 1888, defeating the democrat Grover Cleveland. His administration is most remembered for economic legislation, including the McKinley Tariff and the Sherman Antitrust Act, and for annual federal spending that reached one billion dollars for the first time. Democrats attacked the “Billion Dollar Congress”, and used the issue, along with the growing unpopularity of the high tariff, to defeat the Republicans, both in the 1890 mid-term elections and in Harrison’s bid for re-election in 1892.

He also saw the admittance of six states into the Union. Defeated by Cleveland in his bid for re-election in 1892, Harrison returned to private life in Indianapolis. He later represented the Republic of Venezuela in an international case against the United Kingdom. In 1900, he traveled to Europe as part of the case and, after a brief stay, returned to Indianapolis, where he died the following year from complications arising from influenza. He is to date the only U.S. president from Indiana and the only one to be the grandson of another president.

The additional incumbents in this year were:

Vice President: Levi P. Morton (Republican)
Chief Justice: Melville Fuller
Speaker of the House of Representatives: Thomas Brackett Reed (R-Maine) (until March 4), Charles Frederick Crisp (D-Georgia) (starting December eight)
Congress: 51st (until March 4), 52nd (starting March 4)

Major political and social events

January 20 – Jim Hogg becomes the first native Texan to be governor of that state.
January 29 – Liliuokalani is proclaimed Queen of Hawaii.
March 3 – The International Copyright Act of 1891 is passed by the Fifty-first United States Congress.
March 14 – In New Orleans, a lynch mob storms the Old Parish Prison and lynches 11 Italians who had been found not guilty of the murder of Police Chief David Hennessy.
April 1 – The Wrigley Company is founded in Chicago.
May 5 – The Music Hall in New York (now known as Carnegie Hall) has its grand opening and first public performance, with maestro Peter Ilyich Tchaikovsky as the guest conductor.
June 21 – First long-distance transmission of alternating current by the Ames power plant near Telluride, Colorado by Lucien and Paul Nunn.
October 1 – In California, Stanford University opens its doors.

1891 silver dollar value

Like was referred previously, the minted coin during 1891 was the Morgan Silver Dollar. Looking at the closed auctions on eBay for Morgan dollars from 1891, we can establish a price point between and $30 and $70, depending on the quality grade of the coin.