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Certified / Graded Morgan Dollars

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Graded Morgan Silver Dollars For Sale

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. Continue reading to learn more about certified Morgan silver dollars.

Morgan Silver Dollars History

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. 

Morgan Silver Dollar Grading

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 Silver Dollars represent a pinnacle of numismatic achievement and historical significance, appealing to both seasoned collectors and those new to the hobby. These iconic coins, minted from 1878 to 1921, embody the rich tapestry of American history, economic expansion, and the artistry of coin design. The Morgan Silver Dollar, named after its designer, George T. Morgan, features a profile of Lady Liberty on the obverse and an eagle clutching arrows and an olive branch on the reverse, symbolizing strength and peace.

Our collection exclusively features Morgan Silver Dollars that have been certified by the most trusted and reputable grading services in the numismatic community: the Numismatic Guaranty Corporation (NGC), the Professional Coin Grading Service (PCGS), and the Certified Acceptance Corporation (CAC). These organizations provide an authoritative assessment of a coin's authenticity, condition, and quality, assigning a grade that reflects its state of preservation and overall appeal.

NGC-Certified Morgan Silver Dollars are evaluated by a team of expert numismatists, ensuring accuracy and consistency in grading. NGC's encapsulation process preserves the coin's condition, while its grade provides a reliable indicator of value and collectibility.

PCGS-Certified Morgan Silver Dollars undergo a rigorous grading process, with each coin being examined by multiple experts to ascertain its grade. PCGS's standards for grading and authentication are among the highest in the industry, offering collectors peace of mind and confidence in their investments.

CAC-Certified Morgan Silver Dollars have passed an additional layer of scrutiny, receiving a green sticker that signifies quality within the assigned grade. A CAC sticker indicates that the coin meets or exceeds the grading standards of the certifying agency, adding an extra level of assurance for collectors. 

Rare Morgan Silver Dollar Value

The value of these coins can vary significantly based on their condition, rarity, and the current market demand. Below is a list of some of the most rare Morgan Dollars and their approximate values, keeping in mind that coin values fluctuate over time:

  1. 1893-S Morgan Dollar: The 1893-S is the king of the Morgan Dollar series due to its extremely low mintage of just 100,000 coins. It is the rarest and most sought-after by collectors. In lower grades, it can fetch $10,000 or more, while in higher grades, it can exceed $300,000.

  2. 1901 Morgan Dollar (Philadelphia mint): This coin is known for its rarity in high grades due to the poor striking quality and preservation issues. In circulated conditions, it might be worth a few thousand dollars, but in uncirculated conditions (MS+), it can command prices over $100,000.

  3. 1889-CC Morgan Dollar: The Carson City mint produced fewer coins than other mints, making all CC coins desirable. The 1889-CC, with a mintage of 350,000, is particularly rare in uncirculated condition. Prices range from $1,000 in lower grades to over $280,000 in higher grades.

  4. 1895 Morgan Dollar (Proof only): Known as the "King of the Morgan Dollars," the 1895 Morgan is unique because no business strikes are known to exist, only proofs. With a mintage of only 880 coins, a proof 1895 Morgan can sell for between $50,000 to $70,000, depending on its condition.

  5. 1884-S Morgan Dollar: While over 3 million were minted, the 1884-S is surprisingly rare in uncirculated condition due to heavy circulation and melting. In lower grades, it might be relatively affordable, but in MS+ conditions, it can easily reach over $100,000.

  6. 1892-S Morgan Dollar: With a mintage of 1.2 million, the 1892-S is not exceptionally rare in lower grades but becomes exceedingly scarce and valuable in higher grades. Prices can range from a few hundred dollars in circulated conditions to over $100,000 in uncirculated grades.

  7. 1893-O Morgan Dollar: The New Orleans mint produced fewer than 300,000 of these coins, making them quite rare. In circulated grades, they can be found for a few thousand dollars, but in uncirculated condition, they can command upwards of $100,000.

  8. 1886-O Morgan Dollar: Despite a relatively high mintage, the 1886-O is rare in grades above MS-63. Prices for this coin in higher grades can exceed $50,000, making it a prized possession for any collector.

  9. 1895-S Morgan Dollar: With a low mintage of just 400,000, the 1895-S is rare in all conditions. Prices start in the low thousands for circulated grades and can exceed $20,000 for uncirculated examples.

  10. 1893-CC Morgan Dollar: The last year of the Carson City mint's production, with a mintage of 677,000. It is highly sought after, with prices ranging from a few thousand dollars in lower grades to over $50,000 in higher grades.

Certified Morgan Silver Dollar Price

Morgan Dollars are priced higher when certified by reputable grading services like NGC, PCGS, or CAC for several key reasons, all of which contribute to the coin's perceived value, market demand, and investment potential. Here's why certification can significantly enhance the value of a Morgan Dollar:

  1. Authenticity Verification: Certification by a reputable grading service guarantees the coin's authenticity. Given the prevalence of counterfeits and replicas in the market, a certification provides assurance to buyers that they are purchasing a genuine Morgan Dollar, which inherently increases its value.

  2. Condition and Preservation: The condition of a coin is a critical factor in determining its value. Grading services use a standardized grading scale to assess a coin's condition, which ranges from Poor (P-1) to Perfect Mint State (MS-70). A certified Morgan Dollar has been professionally assessed and assigned a grade that accurately reflects its state of preservation and appearance. Coins in higher grades (indicating less wear and more original mint luster) are rarer and thus command higher prices.

  3. Market Confidence: Certification by a well-known and respected grading service builds confidence among collectors and investors. This confidence translates into a willingness to pay a premium for certified coins, knowing that the grade and condition have been independently verified. This is particularly important for high-grade coins or rare varieties, where the difference in value can be substantial based on slight differences in grade.

  4. Protection: Certified coins are encapsulated in tamper-evident holders (often called "slabs"), which protect them from damage, wear, and environmental factors. This preservation is crucial for maintaining the coin's condition over time, thereby protecting the buyer's investment.

  5. Marketability: Certified Morgan Dollars are generally more marketable. They can be bought and sold more easily on the numismatic market because their grade and authenticity are not in question. This ease of transaction makes them more desirable to collectors and investors, who may be willing to pay a premium for coins that can be easily traded.

  6. Added Features: Some grading services also provide additional information on the coin's label, such as its provenance, special designations (like "Deep Mirror Proof-Like" or "Full Bands"), and unique serial numbers for tracking. These features can add to the coin's collectibility and appeal, further enhancing its value.

 

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Graded Morgan Dollars FAQ

The grade of a Morgan Silver Dollar significantly impacts its value. Higher grades (indicating better condition and rarity) generally lead to higher values.
Graded Morgan Silver Dollars can be bought and sold at coin shops, coin shows, online auctions, and through various coin dealers and collectors. Browse our selection of Graded Morgan Dollars and give us a call if you cannot find the one you are looking for!
Professional coin grading services like the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS) are the most reputable organizations for grading Morgan Silver Dollars.
Graded coins are encapsulated in a tamper-resistant slab with a label displaying the grade and other relevant information, making them secure and preserving their condition.

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.

While certification can add value to a Morgan Silver Dollar by verifying its authenticity and condition, not all certified coins are high in value. The coin's overall value also depends on its rarity, demand, and the specific characteristics of the individual piece, such as its year, mint mark, and historical significance.

To get your Morgan Silver Dollar certified, you must submit it to a reputable grading service like NGC or PCGS, following their submission guidelines. This typically involves filling out a submission form, paying a fee, and shipping the coin to their facility for evaluation.

The mint mark on a Morgan Silver Dollar indicates where the coin was minted and can significantly affect its value. Certain mint marks, such as "CC" for Carson City, are associated with lower mintage numbers and higher collector demand, often leading to increased value.

The most valuable grade for a certified Morgan Silver Dollar is typically MS-70, which denotes a perfect coin with no post-production imperfections at 5x magnification. However, Morgan Dollars rarely achieve this grade, making MS-65 and above extremely valuable and sought after.

Yes, a Morgan Silver Dollar can be submitted for re-certification in hopes of obtaining a higher grade. However, there is no guarantee that a higher grade will be assigned, as it depends on the coin's condition and the grading standards at the time of re-evaluation.

The grade of a certified Morgan Silver Dollar is affected by several factors, including its luster, strike quality, wear, and the presence of any marks or flaws. Grading services use a detailed scale, typically from 1 to 70, with higher numbers indicating a coin in better condition.

A certified Morgan Silver Dollar is a coin that has been authenticated, graded, and encapsulated by a reputable coin grading service such as NGC, PCGS, or CAC. These services assess the coin's authenticity, condition, and preservation, assigning it a grade that reflects its quality and state.