Morgan Silver Dollar

Morgan Silver Dollar For Sale

The Morgan Silver Dollar holds a prestigious spot in the hearts of coin collectors and numismatists across the globe. Coin collectors prize Morgan Silver Dollars for their variety, including the different mint marks, years of production, and the unique characteristics that distinguish individual coins. The market for these coins is vibrant, with enthusiasts seeking to complete collections that span every year of minting and every mint mark.

Morgan Silver Dollar History

Minted from 1878 to 1921, the Morgan Silver Dollar is named after its designer, George T. Morgan. These coins were produced in several mints across the United States, including Philadelphia, San Francisco, New Orleans, Carson City, and for one year, Denver. The Morgan Silver Dollar was a product of the Bland-Allison Act, which required the U.S. Treasury to purchase a specified amount of silver to be coined into dollars. It played a significant role in American currency during a time of significant economic growth and development.

Rare Morgan Silver Dollar Value

The value of rare Morgan Silver Dollars can vary widely, influenced by their condition, rarity, and historical significance. Key rarities like the 1893-S, the 1901 Proof, and the 1889-CC are especially sought after, with values ranging from tens of thousands to over a million dollars for coins in top condition. The market for rare Morgan Silver Dollars is dynamic, with prices reflecting the nuances of collector demand and silver market fluctuations.

Morgan Silver Dollars Worth Money - The Most Expensive Morgan Dollars and Their Value

Among the pantheon of Morgan Silver Dollars, certain specimens stand out for their exceptional value. The 1893-S, known for its low mintage, can command prices upwards of $300,000 in high grades. The 1889-CC, another rarity due to its limited production and survival rate, can see values exceeding $280,000. The proof-only 1895 Morgan Dollar, with its mysterious absence of business strikes, is another crown jewel, fetching between $50,000 to $70,000 even for coins in lower proof grades.

Take a look at the list of Morgan Dollars worth money 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.

Morgan Dollar Coin Specifications

The Morgan Dollar is composed of 90% silver and 10% copper, weighing 26.73 grams with a diameter of 38.1 mm. Its design features the profile of Lady Liberty on the obverse and an eagle with outstretched wings on the reverse. The coin's edge is reeded, and its large size and weight make it a substantial piece to hold, embodying the era's craftsmanship and the country's rich silver resources.

Morgan Dollar Yearly Sales and Demand

Yearly sales and demand for Morgan Silver Dollars can fluctuate based on numerous factors, including silver prices, economic conditions, and trends in collecting. However, key anniversaries, the release of rare specimens onto the market, and changes in grading standards can all spur interest and demand. Collectors and investors alike keep a keen eye on auction results and dealer offerings to gauge the market and identify opportunities.

Morgan Dollar Certifications

Certification by reputable grading services like NGC, PCGS, and CAC plays a crucial role in the Morgan Silver Dollar market. These certifications provide assurance of authenticity, grade, and condition, factors that significantly influence a coin's value. Collectors often prefer certified coins for their guaranteed quality and for the ease of trading them within the numismatic community. The presence of a certification can dramatically increase a coin's marketability and value, making it a critical aspect of Morgan Silver Dollar collecting.

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