The standard measurement of a Morgan silver dollar, a widely collected piece of American coinage, is precisely quantified to ensure authenticity and intrinsic value. This measure, expressed in a unit of weight, indicates the amount of precious metal contained within the coin. Knowing this figure is crucial for numismatists and investors alike, allowing for accurate assessment of its bullion content. A typical example is 0.859 troy ounces.
Understanding the specifications is of paramount importance for several reasons. It enables verification of authenticity, as counterfeit coins often deviate in mass. Further, it allows calculation of the silver value, which fluctuates based on market prices, providing a basis for investment decisions. Historically, this precise measurement was mandated by the Coinage Act of 1873, ensuring uniformity across all minted pieces of this type.