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Yes, but it wasn't put there by the Mint. Many silver dollars were marked by people for different reasons - putting their initials, for example.

The only M that is original on a Morgan dollar is the one at the base of Miss Liberty's neck; it's the monogram of the coin's designer and for whom it's named, George T. Morgan.

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Q: Is it possible for an 1884 silver dollar to have an E or M mark below eagle on leaf?
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