Morgan Silver Dollars The Perfect Investment
A History Lesson For Making The Right
by D. L. Crane
record and history of many United States coins
is very intriguing, and for that reason, coin
collecting has become a increasing investment.
Their past shows us a quick look into a part of
US history, including economic facts and other
major events taking place worldwide.
Specifically one coin in particular, the Morgan
Silver Dollar, named after its designer, George
T. Morgan, has a rich and very fascinating
historical meaning in its birth. Besides being
uncommon, the Morgan Silver Dollar has
historical importance, and an added value to the
coin is its silver content. Because of this, the
Morgan Silver Dollar coin is highly desirable
among the coin investors today.
Morgan silver dollars are the perfect addition
to any coin investment collection. Because of
the silver content, these coins were at risk to
melting for profit. Many of these coins still
survive and have a high value to numismatists
(The study or collection of money, coins, and
Morgan silver dollars were minted between 1878
and 1903, then again in 1921. It is composed of
90% silver and 10% copper. Production was
stopped in 1904, and hundreds of millions of
Morgan Dollars were melted down for their 90%
silver content because the price of silver went
up. To provide war-time silver for Great Britain
in 1918, over 270 million Morgan Dollars were
melted down. Today's admiration of the Morgan
Dollars show in its rarity thus investors and
collectors have made the Morgan Dollar one of
the most desired and valuable American coins in
the world. There is the feeling of tradition and
American history in holding a Morgan Dollar in
your hand feeling and knowing what the silver
coin carries in its weight and worth. The owner
of Morgan Dollar knows the rarity of the coin's
true value and worth. From 1904 to 1920, the
mint ceased the Morgan silver dollar. Many of
the older silver dollars were melted and
replaced with the Peace design after one final
run of the Morgan silver dollar in 1921.
Morgan Dollars are a little difficult to give
average values for because many dates of Morgan
Dollars were never circulated in large amounts.
They were sold by the Treasury Department
straight to coin collectors. Consequently, the
Morgan Dollar values are given in two grades,
"average circulated" and "basic uncirculated."
One hundred and sixteen years ago the San
Francisco Mint struck 100,000 of the 1893-S
Morgan Dollars so there are no more than 100,000
people with a 93-S Morgan. The 1893-S Morgan is
the "KEY" Morgan Silver Dollar with the highest
grades valued well into the high hundred
thousands of dollars. The
Record Morgan Silver Dollar sold for over One
The Morgan Silver Dollar Series carries a number
of Key Dates as well as some Semi-Key Dates that
all have significant values. See
1883-S is both a common date and a key date coin
in the Morgan Dollar series. These coins were
widely circulated, and so most became heavily
worn. Therefore, in heavily worn condition,
these coins are common. However, since they were
so widely circulated, the number of remaining
coins that did not get circulated is very low --
making this a key date in the upper grades.
Now I am listing some samples of Morgan Silver
Dollar values to show what you have the chance
to invest in. And remember the values continue
A 1884-S Morgan dollar retails for - $17 if very
worn, - $28 with moderate wear, - $250 if almost
The 1889 CC Morgan Dollar in circulated
condition is valued from $475 in well worn
condition to $9500 in almost uncirculated
condition. Uncirculated coins have a value from
about $30,000 in an MS62 grade to $450,000 in an
MS67 grade. These higher grade coins are scarce.
Additionally, exceptional coins such as those
displaying a proof like appearance or a deep
mirror proof like appearance have values that
range from about $30,000 for an MS62 to $90,000
in an MS64 grade.
1893-S is the highest value circulation issue,
at least in better grades - while a worn
specimen retails for \"only\" a couple of
thousand, mint-state coins retail in the
$85K-$100K range. When the Norweb 1893-San
Francisco Mint dollar was auctioned for $355,500
in Nov. 1988, collectors were stunned. Nobody
then thought that a Morgan Dollar could be worth
more than a quarter of a million dollars.
Indeed, until the Norweb III auction, a Morgan
Dollar had probably never before sold for as
much as $150,000. Just imagine the value now
with the current economic situation!
A 1895-S in very fine condition is worth:
Click here for a price guide on Morgan Dollar
The Morgan silver dollar is arguably the most
popular coin in the history of the world. If
investing in premier rare coins is the way you
want to go, remember these are the classic coins
that have literally made fortunes for some of
the richest investors and collectors in America.
The Morgan Silver Dollar coins are timeless
beauties. They continue to hold their value and
will for decades continue to be loaded with
appreciation potential and should be part of any
rare coin collection.
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