Silver - 1/2 oz Morgan Round

Silver - 1/2 oz Morgan Round
Silver - 1/2 oz Morgan Round
Silver - 1/2 oz Morgan Round
Silver - 1/2 oz Morgan Round
$36.82
Includes 
$10.00 dealer premium/item
3 In Stock 
VOLUME PRICES
QuantityCash/CheckCredit CardPaypal/Pay
Any Quantity$36.82$38.37$38.85
Expected to ship by - 07/03/2026
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Silver - 1/2 oz Morgan Round

The 1/2 oz Morgan Dollar Silver Round is a beautifully struck fractional bullion piece inspired by one of the most iconic coins in American numismatic history, the Morgan Silver Dollar, first minted in 1878. Struck from half a troy ounce of .999 fine silver, this round delivers the beloved Lady Liberty and heraldic eagle design at half the cost of a full ounce, making it an ideal entry point for new investors, fractional stackers, and Morgan Dollar enthusiasts who want to build a silver position gradually.

Because this is a privately minted round, not a government-issued coin, it carries a lower premium over silver spot price than legal tender silver coins, giving buyers more silver per dollar compared to American Silver Eagles or other sovereign mint products.

The History Behind the Morgan Dollar Design

The Morgan Silver Dollar was created by George T. Morgan, an English-born engraver who joined the United States Mint as an apprentice in 1876. His mission was to design a new silver dollar with a distinctly American character, departing from the classical allegorical figures of previous designs.

To find his ideal model for Lady Liberty, Morgan conducted open sessions in Philadelphia. Anna Willess Williams, a schoolteacher, was selected after Morgan reportedly described her profile as "the most perfect he had ever seen." Over multiple sittings, Morgan refined his left-profile portrait of Liberty, giving her both a coronet and a Phrygian cap, symbols of freedom and national identity.

The Morgan Dollar was introduced in 1878 and minted continuously through 1904, when silver production was halted. After millions of coins were melted under the Pittman Act of 1918, legislation that authorized melting up to 350 million silver dollars to sell bullion to Great Britain during World War I, the Morgan Dollar returned for one final year of production in 1921 before being replaced by the Peace Dollar. Today the Morgan Dollar design is celebrated as one of the finest achievements in American coin artistry.

Obverse Design: Lady Liberty

The obverse faithfully recreates Morgan's iconic Lady Liberty portrait. Liberty is shown in left-profile relief, wearing a coronet and a Phrygian cap, "LIBERTY" inscribed on the headband in the same placement as the original 1878 Morgan Dollar. "E PLURIBUS UNUM" runs along the top rim, and thirteen stars encircle the lower portion, representing the original colonies. The portrait is rendered in fine detail, capturing the graceful profile that made the Morgan Dollar a celebrated design for over a century.

Reverse Design: The Heraldic Eagle

The reverse features the American heraldic eagle in the traditional Morgan Dollar composition. A bald eagle with wings fully spread occupies the centre field, its talons clutching an olive branch — symbolising peace — in one talon and a bundle of arrows — symbolising military readiness — in the other. "IN GOD WE TRUST" is inscribed above the eagle's head. The rim inscription reads "HALF TROY OUNCE .999 FINE SILVER," clearly stating the weight and purity. The overall composition mirrors the heraldic tradition of the original Morgan Dollar reverse, designed by Morgan himself.

Morgan Silver Dollar Round vs. Original Morgan Dollar Coin

Feature 1/2 oz Morgan Silver Round (This Product) Original Morgan Silver Dollar (1878–1921)
Silver Purity .999 Fine Silver (99.9%) 90% Silver / 10% Copper (0.7734 oz silver)
Silver Weight 1/2 Troy oz (0.5 oz) .7734 troy oz silver per coin
Face Value None — no legal tender status $1.00 USD (original face value)
Premium Over Spot Low (private mint round) High (numismatic/collectible premium)
Value Driver Silver content + design appeal Rarity, grade, mint mark, date, condition
Ideal For Silver stacking, gifting, affordability Numismatic collectors, graded coin investors
IRA Eligible No No

Why Buy a 1/2 oz Fractional Silver Round?

  • Affordability: At half the cost of a 1 oz round, fractional silver is accessible for investors at any budget level.
  • Divisibility: Smaller denominations are easier to use in barter, gifting, or selling partial holdings without liquidating a full ounce at once.
  • Portfolio building: Fractional rounds allow gradual accumulation of silver at any price point, averaging into the market over time.
  • Gifting: A 1/2 oz silver round is an ideal gift size, meaningful enough to be substantial, affordable enough for casual giving.
  • Design recognition: The Morgan Dollar is one of the most universally recognised coin designs in American culture, making this round particularly compelling as a gift or introduction to silver for new buyers.

Packaging and Delivery from BOLD

Individual rounds ship in a protective plastic flip. Purchase a roll of 20 and receive them in a sealed plastic tube for safe storage. All BOLD domestic orders of $199 or more ship free — every order ships fully insured, domestic and international. Expected to ship within one business day of cleared payment.

BOLD's Sell To Us program accepts silver rounds. Contact BOLD directly for current buy-back pricing.

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