A quantity of Morgan silver dollars weighing one pound represents a collection of these historically significant coins. These coins, minted in the United States from 1878 to 1904 and again in 1921, contain approximately 0.7734 troy ounces of silver each. Therefore, a bag of these dollars weighing one pound holds a specific, though variable, number of coins depending on wear and tear. The intrinsic value is derived from its silver content, while collector interest adds potential numismatic value.
The importance of such a collection stems from several factors. The silver content provides a tangible asset that can act as a hedge against inflation. Furthermore, Morgan silver dollars are recognized for their historical and artistic merit, rendering them attractive to collectors and investors. The coins embody a tangible link to a transformative era in American history, specifically the late 19th and early 20th centuries. Their relative scarcity and historical relevance can affect market value.