One 1881 Morgan Silver Dollar, Philadelphia Mint, Approximately Very Good Condition. The Morgan Silver Dollar was first introduced in 1878, but it was by no means the first of its type. Silver Dollars had become a mainstay of American currency back in the 1700s, but up until the Morgan was produced, these coins were generally unappealing in their design. The Morgan Silver Dollar changed that thanks to its extravagant design and appeal to the American Spirit. Though these coins have not been minted for well over 100 years, they are still extremely popular amongst collectors of all types