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Morgan Silver Dollar

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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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Morgan Silver Dollar FAQ

A Morgan Silver Dollar is a U.S. coin minted from 1878 to 1921, named after its designer, George T. Morgan. It features the profile of Lady Liberty on the obverse and an eagle on the reverse. These coins are highly sought after by collectors due to their historical significance and silver content.

You can identify a Morgan Silver Dollar by its distinctive design: the obverse features a portrait of Lady Liberty designed by George T. Morgan, and the reverse showcases an eagle with outstretched wings. The date and mint mark can also help identify the coin, with mint marks located on the reverse below the wreath.

Key dates for Morgan Silver Dollars that are particularly rare and valuable include 1893-S, 1889-CC, 1895 (proof only), and 1894-S. These dates are known for their low mintage numbers or unique minting circumstances, making them highly prized by collectors.

The value of a Morgan Silver Dollar varies widely depending on its condition, year, mint mark, and rarity. Common dates in circulated condition may be worth around $20-$30, while rarer dates and those in uncirculated condition can fetch thousands or even tens of thousands of dollars.

To determine if your Morgan Silver Dollar is rare, check its date and mint mark against known key dates and low-mintage years. Coins minted in Carson City (CC) or bearing key dates like 1893-S and 1889-CC are considered rarer. Consulting a coin expert or reputable price guide can also help.

Morgan Silver Dollars were minted at several U.S. Mint locations, including Philadelphia (no mint mark), San Francisco (S), New Orleans (O), Carson City (CC), and Denver (D for the 1921 issue only).

Morgan Silver Dollars are popular among collectors due to their historical significance, aesthetic appeal, and the variety of years and mint marks available. Their silver content and the stories behind different mint years and locations add to their allure.

To care for and store your Morgan Silver Dollar collection, keep the coins in a cool, dry place away from direct sunlight. Use acid-free holders or albums designed for coin storage to prevent damage. Handling coins by their edges and wearing gloves can also minimize wear and preserve their condition.

Morgan Silver Dollars can potentially be a good investment, especially rare dates or those in exceptional condition. Their value has the potential to increase over time due to their collectibility, historical significance, and the intrinsic value of their silver content. Keep in mind, that values depend on the demand and can fluctuate over time.

Morgan Silver Dollars are graded on a scale from 1 to 70 by professional grading services, with higher numbers indicating a coin in better condition. Factors such as luster, strike, and the presence of wear or damage are considered. Coins can be certified and encapsulated by grading services like NGC and PCGS, providing assurance of their grade and authenticity.