Morgan Liberty SMI Proof Silver Round $240

Updated September 25, 2026

Lot number	198
Auction	Oct 8 2026 Gold Silver Bullion Coins Sports Cards Knives
Date	October 8, 2026 at 6:00 PM CDT
Auction house	Iowa Surplus & Estate Auctions
Location	Coralville, Iowa

Morgan Liberty SMI Proof Silver Round $240 This Morgan Liberty SMI Proof Silver Round is a stunning tribute to the classic George T. Morgan design, minted by the renowned Sunshine Minting (SMI). The obverse features the iconic profile of Lady Liberty wearing a Phrygian cap adorned with wheat and cotton, encircled by the motto E PLURIBUS UNUM and thirteen stars representing the original colonies. As a proof strike, this round exhibits a sophisticated high-contrast finish, characterized by deeply mirrored backgrounds and frosted, matte-like sculptural details that make the design pop. A distinctive feature of this modern bullion piece is the SMI mark, indicating the inclusion of Sunshine Mint's MintMark SI anti-counterfeiting technology on the reverse, which can be verified with a specialized decoding lens. Typically struck from .999 fine silver, this round offers a blend of historical numismatic beauty and modern security, making it a highly desirable choice for both precious metals investors and collectors of Americana-themed silver. Condition: The item appears to be in excellent condition with high-contrast finishes. The fields exhibit a deep, mirrored reflectivity characteristic of a proof strike, while the raised design elements of the Liberty head show a frosted, matte appearance. There are no immediate signs of heavy wear, scratches, or toning visible on the obverse surface, though it is housed in a protective plastic flip which may obscure fine details. Mint: Sunshine Minting, Inc. (SMI), as indicated by the SMI initials on the obverse. Metal Content: Silver, typically refined to .999 purity by this private mint for their bullion products. Historical Context: This is a modern private bullion round that pays homage to the historical Morgan Silver Dollar designed by George T. Morgan, which was originally minted by the United States from 1878 to 1904, and again in 1921. Sunshine Minting is a well-known private American mint that produces investment-grade bullion rounds and bars. Strike Type: Proof-like or Proof. It features a Cameo effect with frosted devices against deeply mirrored fields. Grading: Raw/Ungraded. The item is not in a professional third-party grading service (TPG) slab, though it is placed in a flip with a numerical inventory sticker. silver round, Morgan dollar design, SMI, Sunshine Minting, bullion, numismatic, silver coin, E Pluribus Unum, Lady Liberty, proof-like finish, precious metals, investment silver, coin flip, one ounce silver, silver trade round silver round, sunshine minting, SMI silver, morgan dollar design, 1 oz silver, bullion coin, precious metals, silver investment, .999 fine silver, numismatics IMPORTANT BIDDER NOTICE Bidder is solely responsible for determining value, condition, completeness, authenticity, fitment, grade, and usefulness before bidding. THIS ITEM IS SOLD STRICTLY AS-IS, WHERE-IS, WITH NO WARRANTIES OR GUARANTEES OF ANY KIND, EXPRESSED OR IMPLIED. ALL SALES ARE FINAL. NO REFUNDS

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