Morgan Silver Dollars were authorized by the Bland-Allison Act of February 1878. Weight and fineness for the Silver Dollar was set at 412 1/2 grains (26.73 grams) and 90% respectively. Designed by George T. Morgan (hence the name Morgan Silver Dollar) a pupil of William Wyon of the London Royal Mint Morgan’s initial “M” can be found in two places: on the obverse at the truncation of Liberty’s neck, and on the reverse on the left loop of the tied ribbon. The Morgan Silver Dollar was produced from 1878 – 1921. Production was halted after 1904 because of low demand and over 270,000,000 Silver Dollars were melted as per the Pittman Act of 1918. Morgan Silver Dollar coinage was resumed in 1921 until the Peace Dollar design was adopted and begun in December of that year.