Are you looking for low-premium pure silver? The 10 oz Morgan Design silver bar contains 10 troy ounces of .999 fine silver, and is made right here in the United States! Gainesville Coins only uses ISO 9001-certified mints located in the US for its generic silver, to guarantee purity and quality. Ten ounce silver bars have a lower price-per-ounce than smaller bars, while still being easy to liquidate. Our Morgan Design 10 oz silver bar bears the image of one of America's most popular coins: the Morgan silver dollar.
Designed by engraver George T. Morgan in 1877, this design was originally slated to be a new half dollar. The silver dollar had been abolished in 1873, but when the Bland-Allison Act (passed by Congress over President Rutherford B. Hayes' veto) mandated its return, the US Mint suddenly needed a new dollar design. Morgan's design was chosen over Chief Engraver William Barber's design, and production began in 1878. Seen as unneeded and inflationary when introduced, the Morgan dollar became one of the favorite subjects of numismatists by the mid-20th century. Even though over 600 million Morgan dollars were originally minted, over 270 million were melted down and sold to Britain in WWI, and another 50 million melted down in 1942 for their silver content and used in the war effort during WWII.
Our Morgan Design 10 oz silver bar recaptures the majesty of the original coin, with the obverse of the Morgan dollar reproduced on the front. Below the image is a large number 10, overstamped with “Ten Troy Ounces Fine Silver 999+.” A badge proclaiming “Made in USA” runs across the bottom. The back of the bar bears a diamond pattern. Since these bars are made to strict international ISO 9001 standards, they are eligible for inclusion in self-directed IRA accounts.