Dec
17

Morgan Silver Dollar – $1 On Its Face Could Be $1M In Your Pocket

Of the silver dollars produced, which include the Peace dollar and the seated liberty dollar, the most popular was and still is the Morgan silver dollar. Although it is still considered to be legal tender today, no one would be so foolish as to spend one when it only carries a face value of $1.00.

In the world of coin collecting today, Morgan silver dollars have an intrinsic value that varies based on condition, year and mint location. As coin collecting advanced over the years, other factors came into play that have greatly affected a Morgan dollar’s worth such as VAMs. This stands for Van Allen – Mallis and mainly speaks to the variations and the diversity of dies that existed during the production of these dollars. Since each VAM can potentially be tied to a specific year or a specific mint mark, the list of different possible combinations that can affect rarity value is quite extensive.

Morgan dollars were minted from 1878 through 1904 and then once again during 1921. Following production in 1921, the Morgan silver dollar was replaced with the Peace silver dollar. The name Morgan comes from its designer, George Morgan. All Morgan dollars have a silver content of 900. This means each one is 90% pure silver.

The Morgan silver dollar has suffered major losses in inventory since its

Morgan Silver Dollar – $1 On Its Face Could Be $1M In Your Pocket

Dec
13

What Makes A Morgan Dollar Rare?

Silver contained in a Morgan silver dollar may only be worth a few dollars, but the rarity of the coin and date of its mintage or appearance may make the coin worth several thousand dollars.

Some Morgan dollars are graded DMPL (Deep Mirror Proof Like), designating that their legends and devices appear frosted (or mirrored). The level of a coin’s DMPL is rated from light to dark and are worth much more than their non-reflective counterparts.

Some Morgan silver dollars are more rare and valuable than others because there were very few minted. The 1889 Morgan CC (Carson City) is one of the rarest, with only 350,000 minted. 100,000 1893 Morgan Ss were minted in San Francisco — and the rarest is the 1895 P (Proof) Morgan worth around $65,000.

Morgan silver dollars are also classified by varieties (VAMs) of dies used in minting them. VAM stands for the research of Van Allen and Mallis who researched Morgans minted from 1878 to 1904, 1921 and those minted from 1921 to 1935. They discovered about 6,000 VAMs.

These VAMs made during the minting of the Morgan dollars make them rarer than others. The 1878-P: 7/8 Tail Feathers, VAM-44 is the rarest with the 1879-CC: Clear CC following.

You can look up the value of Morgan silver dollars in The Red Book (A Guide Book of United States Coins). Published every year, the Red Book is used by coin collectors to evaluate a coin’s retail value and lists the value of United States coins in circulation, plus commemorative and other significant coins.

What Makes A Morgan Dollar Rare?

Dec
11

History Of The Morgan Silver Dollar

Morgan silver dollar was minted in an attempt to keep the price of silver stabilized after an enormous silver strike in Colorado caused a sudden crash in the price of silver. This dollar was minted from 1878 through 1904, then stopped because silver suddenly increased in price, and then minted for one more year in 1921.

In addition, it was minted in several locations: Carson City, Denver, San Francisco, New Orleans, and Philadelphia; only Denver and Philadelphia are mint locations today. The value of a Morgan silver dollar depends on its year, the mint that created it, and the quality of its preservation.

A Morgan silver dollar has the head of Lady Liberty on the front and a wing-spread eagle holding arrows and an olive branch on the back; you’ll recognize the reverse as being very similar to that of a quarter. This coin is the first of our minted coins to use the slogan E Pluribus

History Of The Morgan Silver Dollar

Dec
07

Morgan Silver Dollars – What Are The Key Dates?

The Morgan Silver dollar is one of the most popular coins amongst both investors who collect Morgan dollars for their strong growth in value and numismatic collectors who collect them for their aesthetic, historical and cultural value. You can find Morgan dollars for sale on eBay and other online coin sites but they can also be purchased from mail order companies and coin stores.

The Morgan Silver Dollar was first minted in 1878 in Philadelphia, Carson City, New Orleans, and Denver in 1921. It was named and designed by George T. Morgan. It features a portrait of Lady Liberty on the front and an eagle on the reverse. Unlike the coins in circulation today the Morgan silver dollar was comprised of 90% silver and so held intrinsic value.

The price of silver has increased in monetary terms by over 3 fold in recent years so the bullion content of this coin itself is an investment. However

Morgan Silver Dollars – What Are The Key Dates?

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