In 1874 the United States Mint first issued the Morgan Silver dollar which was named after it's designer, George T. Morgan. This represented one of the few times that a coin was not named after a famous political figure or businessman.
On the obverse side of the coin, Lady Liberty is depicted while the reverse shows an eagle holding arrows and an olive branch.
The coin was authorized as part of a huge silver strike in Nevada in the 1850's as a means of regulating the price of silver. The Morgan dollar ceased production in 1904, but was briefly brought out again in 1921.
For collectors just starting out in coin collecting, the Morgan dollar is a good, low cost coin to build a collection upon. Although many low cost examples exist, there are a few examples of rare and expensive Morgan dollars as well. The 1889-CC and 1893-S Morgan dollars are of great value to collectors.
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