The Morgan's would have a short run, however, as the Mint decided to change the design.As it had been more than 25 years since the introduction of the Morgans, legislative approval was not required, and a new design by Anthony de Francisci was used.
Despite its age, these bills don't have a lot of extra value in circulated condition. More Bills that are faded, crumpled, written on, or torn will be worth far less.
Serial numbers are counters and a security feature but rarely affect a bill's value.
Some collectors will pay extra for numbers with a special pattern, e.g. 1934-series silver certificates are identifiable by their blue seals and serial numbers, versus green-seal Federal Reserve Notes that were also issued with the same date.
Wanting to capture this, the US Mint started producing the Silver Peace Dollar in 1921.
Demand for silver dollars was extremely low, and millions of the Morgan Dollars that were produced in earlier years sat in bank vaults.
It no longer carries any monetary value as an exchange for silver, yet collectors still seek out the print. government began issuing silver-certificate dollars in 1878.