The Binion Collection
Silver Dollars from the Hoard of Ted Binion

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LIFE IN THE OLD WEST




Life in the Old West has been romanticized through stories and movies for years.  People from all walks of life uprooted their families and migrated westward in search of adventure, prosperity, and a new life.  

Findings of gold and silver created new towns that
seemingly sprang up over night.  Some disappeared just as quickly as they started once all the ore was mined.  But it was the abundance of these precious metals that led Abraham Lincoln to describe the West as the "treasure house of the nation."  

When Morgan silver dollars were first being minted in the 1880s, Dodge City saw its last big cattle drive, legendary outlaws such as Billy the Kid and Jesse James were brought to justice 'dead' rather than 'alive', and railroads finally connected East with West, cutting travel time by 99%.  From 1880 to 1900, the percentage of citizens living west of the Mississippi River increased 5% so that over one-quarter of Americans lived in the West by the turn of the Century.


Although thoughts of the Old West may conjure up pictures of heavy-bearded cowboys saddling up to a stool in a saloon, this was also the time of prohibition.  In 1880, Kansas became the first state in the nation to go dry through pressure from the Women's Christian Temperance Union.  


The final decades of the 19th Century were difficult ones financially for many Americans.  Blizzards from 1886-88 caused the decimation of hundreds of thousands of cattle, forcing many owners into bankruptcy and the rest farther west.  The winter of 1888 was so severe that it earned the name "The Great Die-Up."  Just six years later, the federal Treasury's gold reserve fell below $100 million, leading to the Panic of 1893.  This panic was followed by three full years of major economic depression.  These times played an important role in both the history of the silver dollar and the United States as territories became states and the Old West rode off into the sunset of American lore.  

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