An Investors Guide to Morgan Silver Dollar Coins
The Morgan silver dollar coins (so named after its designer, George T. Morgan) were minted between 1878 and 1904, then for a year in 1921. They were struck in 4 mints: Carson City, Nevada (CC), Denver, Colorado (D), New Orleans, Louisiana (O), San Francisco, California (S) and Philadelphia, Pennsylvania (the coins from this mint bear no mintmarks). Of all of these, the most valuable are the coins from the Carson City Mint because the mint had a low output. Also, all the proof coins (intended for collectors; usually in mint condition; very valuable) were struck in the Philadelphia Mint except for 1921, where proofs came from San Francisco.
Silver has proven to be a great repository of wealth over the centuries and its worth has not diminished. The qualities of silver that lend it to easy coinage and a store of value include its stability, durability, being easily transported, retaining its valued even when divided and being an instrument of trade at any point in time.
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Morgan Dollars Offer Rarity As Well As Beauty
Whenever you are looking for the perfect coin to add to your collection, it is certainly worth your time to consider Morgan dollars. Minted from 1878 to 1921, Morgan dollars are some of the most beautiful coins ever produced. They offer an image of Lady Liberty’s head on one side, while showing a majestic American Eagle on the reverse. These coins are highly and richly detailed and are certainly some of the most treasured coins in the world today.
What helps to make Morgan dollars so unique is that they were never circulated with the general public. Created as a promise to miners after the Comstock Lode that there would always be a market for silver, the Morgan dollars remaining today are largely in excellent condition. Uncirculated coins do not pass through many hands, leaving them brilliant and highly valuable. Because of the age of these coins and the number of them that have been melted down, lost, or destroyed over time, Morgan dollars are also exceptionally rare in many cases. This helps to make them even more valuable among collectors from all over the world.
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Are Morgan Dollars Really Worth Anything
If you’ve been hunting around for ways to invest in precious metals, you’ve probably seen an awful lot of Morgan dollars. These are the most popular coins in the world among collectors. If you know anything at all about coin collecting, you know that rarity equals increased value. Given that this is the case, it’s hard to understand how a coin that is so commonly seen could be worth anything at all. Morgans are good investments, however, and there is more to this common American silver dollar than meets the eye. In some cases, they fetch very high prices.
Morgan dollars, like all other historical coins, are found in a variety of conditions. These coins were never very popular with the general public. In fact, silver dollars in general were never all that popular. Many Morgans were melted down for their silver and cashed in as bullion. Few were ever treated as prized possessions. They are, however, made of investment-grade silver and contain a full ounce of that metal. Whether or not the coin into which it’s fashioned is popular, silver is always popular, and has gotten even more so over time.
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