Graded Morgan Silver Dollars
Morgan Silver Dollars come in a variety of conditions. If you want to ensure the exact condition of your morgan silver dollar, you are better off buying Graded Morgan Dollars. As most coin collectors and numismatists know, a coin condition can range from being considered good condition to brilliant uncirculated or proof, but that's just the beginning of determining a morgan silver dollar value.
Most Morgan Silver Dollars were either put into circulation at some point or hoarded by banks, thus receiving bag marks on brilliant uncirculated surfaces. Also, Morgan Silver Dollars are over 100 years old and have been passed through many hands. Some of these hands have improperly cleaned their dollars, in hopes of achieving a better grade but nothing gets past coin grading services. If a coin has been improperly cleaned (which causes a specific type of abrasion), that will be noted on the coin's official certified holder. Investing in Graded Morgan Silver Dollars may increase the value of your collection but you can also feel more confident if you ever wanted to sell your coins.
In 1948, Dr. Sheldon developed the Sheldon Numeric Scale, which later became the foundation for grading and certifying coins. The Sheldon Numeric Scale dictates that a coin's condition can fall between 1 and 70.
There are many coin grading agencies out there but only two that are revered worldwide. The Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) are two companies that issue coins their grades. These companies not only certify coins, but they also encase the graded coin into an official holder, preserving the coin and marking the holder with its earned grade. This alone has changed the coin collecting game, while also offering a peace of mind for collectors and investors.
Graded Morgan Dollars FAQ
1889 CC Morgan Silver Dollar, MS68 – $1,000,000. This Morgan silver dollar was minted in Carson City and is one of just 350,000 such coins struck there in 1889, with a little over 25,000 survivors at all grades. It’s known as the rarest of all the Carson City Morgan dollars.