Ultimate guide on Buying and selling Your Morgan Dollars

Morgan Dollars are a popular and iconic series of silver coins minted in the United States from 1878 to 1904 and again in 1921. Named after their designer, George T. Morgan, an English-born American engraver, these coins hold a special place in the hearts of collectors and investors alike. Let’s delve into the ultimate guide to Morgan Dollars, exploring their origin, design, silver content, mint marks, historical significance, collectibility, grading, famous varieties, and their enduring appeal.

1. Origin: The Story Behind the Morgan Dollar

The Morgan Dollar’s journey began in 1878 when it was authorized by the Bland-Allison Act. This act required the U.S. Treasury to purchase a specific amount of silver each month and convert it into dollar coins. George T. Morgan, then the assistant engraver at the United States Mint, was commissioned to create the coin’s design. His artistic brilliance gave birth to the captivating portrayal of Lady Liberty and the majestic eagle, which would grace the obverse and reverse, respectively.

2. Design: A Masterpiece of Artistry

The front of the Morgan Dollar showcases a stunning portrait of Lady Liberty donning a Phrygian cap, with the word “LIBERTY” inscribed on her headband. The year of issue is positioned beneath her portrait. On the reverse, an eagle with outstretched wings clutches an olive branch and arrows, encircled by a wreath. The words “UNITED STATES OF AMERICA” and “ONE DOLLAR” adorn the periphery.

3. Silver Content: A Precious Composition

Morgan Dollars contains 90% silver and 10% copper, resulting in a total silver content of approximately 0.77344 troy ounces (about 24.05 grams) per coin. This substantial silver content has made them not only desirable collectibles but also attractive investments in precious metals.

4. Mint Marks: The Significance of Location

Most Morgan Dollars bear mint marks that indicate the location of their strike. The primary mint locations were:

• Philadelphia (no mint mark)
• New Orleans (O)
• San Francisco (S)
• Carson City (CC) – Carson City minted Morgans only from 1878 to 1885 and again in 1889 and 1893.
• Denver (D) – Morgans struck in Denver were produced in 1921.

5. Circulation and Mintage: Coins with a Rich History

Morgan Dollars were widely circulated during their initial production and were a common sight in daily commerce. The mintage numbers varied from year to year and mint to mint, with some years and mintages being scarcer and more valuable to collectors.

6. Hiatus and Resumption: The Story Continues

Production of Morgan Dollars came to a halt in 1904 due to the Pittman Act of 1918, which mandated the melting of millions of silver dollars to be used in minting silver coins for other countries. However, in 1921, the Morgan Dollar was minted once again for a brief period to meet renewed silver coinage demands.

7. Collectability: An Irresistible Allure

Morgan Dollars have become highly collectible, and their value depends on various factors such as rarity, condition (grade), mint mark, and historical significance. Key date coins, errors, and high-grade specimens often command a premium, making them cherished additions to any collection.

8. Grading: Unlocking the Beauty of Morgan Dollars

Professional coin grading companies employ a scale from Poor (P-1) to Perfect Mint State (MS-70) to assess the condition of Morgan Dollars. Higher-grade coins tend to have greater value and desirability, making grading an essential aspect of their evaluation.

9. Famous and Rare Varieties: The Holy Grails of Collectors

Several famous Morgan Dollar varieties are sought after by collectors, with some commanding astronomical prices. Notably, the 1893-S, 1889-CC, and the exceedingly rare 1895 Philadelphia issue, known as “The King of Morgan Dollars,” remain highly prized treasures among enthusiasts.

As you embark on your journey into the realm of Morgan Dollars, remember that each coin carries its unique story, reflecting the economic and political climate of its time. Whether you’re a seasoned collector or a newcomer to the world of numismatics, owning a Morgan Dollar is like holding a piece of American history in your hands.

Embrace the Timeless Allure of Morgan Silver Dollars

Step into the rich history of the United States with Morgan Silver Dollars – an esteemed series of coins minted from 1878 to 1921. These iconic silver treasures hold a captivating legacy that extends beyond their numismatic value.

Imagine the Old West, where Morgan Dollars found themselves starring alongside cowboys and gamblers in iconic western movies. Their presence in the silver screen only adds to the allure of these precious coins. Casinos, too, cherished their beauty and utilized them in $1.00 slot machines, alongside the esteemed Peace Dollars.

The highly-coveted CC mint mark, symbolizing their origin in Carson City, Nevada, holds a special place among collectors. Carson City Morgans are prized for their historical significance and limited mintages.

With billions of Morgan Dollars minted during their heyday, some remained untouched in vaults for over 50 years. These stored treasures make every coin acquisition a journey into the past.

As one of the most collectible coins in the industry, Morgan Dollars stand as a symbol of value and prestige. Their worth can be assessed based on factors like mint location, year, and rarity, but all contain nearly 0.773 ounces of silver. Investing in these timeless coins could prove to be a profitable venture, as silver prices hold a steady value over time.

Grading these numismatic gems follows a scale from 4 to 69, with higher-grade coins commanding greater worth. Owning a piece of history, preserved in immaculate condition, adds to the allure of these silver beauties.

If you’re captivated by the allure of Morgan Dollars, don’t miss the opportunity to explore the 25 most valuable ones on the open market. The illustrious 1895 Morgan Dollar, known as the “King of all Morgans,” takes center stage, with a value ranging from $38,000 to over $150,000. With only 880 ever minted, it remains a rare and prestigious prize among collectors.

Followed by the “Key” 1893-S Morgan Dollar, valued at over $9,500, this rare gem has a limited survival rate, especially in mint condition. Other notable mentions include the 1889-CC Morgan Dollar and the 1901 doubled die reverse Morgan Dollar, with values ranging from $1,850 to $8,100.

It’s essential to tread carefully in the coin market and deal with reputable sources to avoid counterfeiting or falling prey to unscrupulous individuals. So whether you’re an avid collector or a savvy investor, explore the realm of Morgan Dollars and embrace the allure of a bygone era, one silver coin at a time.

Some of the top 25 types of Morgan dollars to look out for:

1. 1895 Morgan Dollar – Known as the “King of all Morgans,” with only 880 ever minted.
2. 1893-S Morgan Dollar – Often referred to as “The Key,” surviving in limited numbers, especially in mint condition.
3. 1889-CC Morgan Dollar – A highly sought-after coin, with a mintage of 350,000 but significantly reduced numbers today.
4. 1901 Doubled Die Reverse Morgan Dollar – An error coin that remains desirable among collectors.
5. 1893-CC Morgan Dollar – Part of the rare trio from 1895, with approximately 677,000 minted.
6. 1895-S Morgan Dollar – With 400,000 in mintage, it remains a scarce find.
7. 1894 Morgan Dollar – Approximately 110,972 coins ever produced.
8. 1903-S Micro “S” Morgan Dollar – Considered extremely scarce, minted in 1903.
9. 1879-CC Capped “CC” Morgan Dollar – One of many die varieties, essential for completing the set.
10. 1885-CC Morgan Dollar – A relatively low mintage of nearly 228,000 coins, making it valuable.
11. 1888-O “Hot Lips” Morgan Dollar – Attractive due to its distinct die characteristics.
12. 1895-O Morgan Dollar – Another rarity from the 1895 series, with 400,000 in mintage.
13. 1893-O Morgan Dollar – Scarce with approximately 300,000 minted.
14. 1892-CC Morgan Dollar – Limited mintage of about 1,352,000.
15. 1881-CC Morgan Dollar – About 296,000 coins ever made.
16. 1903-O Morgan Dollar – With 4,450,000 minted, it is still a rarity.
17. 1928 Peace Dollar – Part of the Peace Dollar series and valuable in its own right.
18. 1903-S Morgan Dollar – A scarce find with only 1,241,000 minted.
19. 1880-CC 80/79 Reverse of 1878 Morgan Dollar – An intriguing variety in the Morgan Dollar series.
20. 1880-CC Reverse of 1878 Morgan Dollar – Part of the diverse 1880 Carson City mint issues.
21. 1893 Morgan Dollar – An essential addition to any Morgan Dollar collection.
22. 1880-CC 8/7 Reverse of 1878 Morgan Dollar – A distinctive overdate variety.
23. 1880-CC 8/7 High 7 Reverse of 1879 Morgan Dollar – Another captivating overdate variety.
24. 1892-S Morgan Dollar – A desirable coin with a limited mintage of about 1,200,000.
25. 1880-CC Reverse of 1879 Morgan Dollar – An important piece to complete the collection.

These Morgan Dollars hold significant historical and numismatic value, making them highly sought after by collectors and investors alike.

The 1895 Morgan Dollar is one of the most famous and highly sought-after coins in the numismatic world. It is known as the “King of all Morgans” due to its extreme rarity and exceptional value. The coin is considered a key date in the Morgan Dollar series, and its allure lies in its limited mintage and fascinating history.

Key points about the 1895 Morgan Dollar:

1. Mintage: The 1895 Morgan Dollar has a remarkably low mintage of only 880 coins. Unlike other Morgan Dollar issues, no regular circulation strikes were produced in this year. Instead, only a small number of proof coins were minted for collectors.
2. Proof-Only Issue: As mentioned earlier, the 1895 Morgan Dollar was exclusively minted as a proof coin, intended for collectors and not for general circulation. This makes it even scarcer, as most Morgan Dollars were produced for everyday use in commerce.
3. Survival Rate: Due to its limited mintage and status as a proof coin, the survival rate of the 1895 Morgan Dollar is quite low. Only a small number of these coins have survived over the years, making it highly desirable among collectors.
4. Rarity and Value: The scarcity of the 1895 Morgan Dollar contributes significantly to its value. As one of the rarest dates in the entire Morgan Dollar series, it commands a premium price in the market, especially in higher grades.
5. Collectibility: The 1895 Morgan Dollar is a holy grail for collectors of Morgan Dollars and numismatists in general. Many collectors strive to complete a set of Morgan Dollars, and the absence of the 1895 coin leaves their collections incomplete.
6. High-Grade Examples: Like with any collectible coin, the value of the 1895 Morgan Dollar increases significantly with its condition. High-grade specimens are particularly valuable and can fetch astronomical prices at auctions or from private collectors.
7. Authentication: Due to its rarity, the 1895 Morgan Dollar has been the subject of counterfeiting attempts over the years. Collectors and investors should be cautious and purchase certified and authenticated coins from reputable sources to ensure their authenticity.
8. Numismatic Rarity: Beyond its silver content, the 1895 Morgan Dollar represents a piece of American history and numismatic heritage. Owning one of these coins connects collectors to a bygone era and the fascinating story of the United States Mint’s coin production.

The Morgan Dollar holds a remarkable distinction as one of the most collected coins of all time, if not the absolute most collected. Its enduring appeal and popularity among numismatists stem from various factors that make it an irresistible treasure for collectors worldwide.

Historical Significance: The Morgan Dollar’s production period coincided with a critical era in American history. Minted from 1878 to 1904 and again in 1921, these coins encapsulate the nation’s growth, industrialization, and westward expansion. As tangible artifacts from this significant period, Morgan Dollars carry a deep sense of historical connection that captivates collectors.

Iconic Design: The captivating design of the Morgan Dollar, created by George T. Morgan, is widely celebrated for its artistic beauty and symbolism. Lady Liberty’s elegant portrait on the obverse and the majestic eagle on the reverse embody the essence of American ideals and patriotism. The timeless elegance of this design continues to resonate with collectors of all generations.

Silver Content: Morgan Dollars are composed of 90% silver, reflecting the era when silver played a vital role in the American monetary system. Collectors appreciate their substantial silver content, making these coins a tangible investment in precious metal as well.

Mint Marks and Varieties: Morgan Dollars boast an assortment of mint marks, each indicating the location where the coin was struck. This variety adds an exciting element to collecting, as enthusiasts strive to obtain coins from different mints like Carson City (CC), New Orleans (O), and San Francisco (S). Additionally, the series includes a wide array of date and mintmark varieties, providing endless possibilities for collectors to build unique and comprehensive collections.

Historical Finds: Over the years, several hidden hoards and vault discoveries of Morgan Dollars have surfaced, adding to their mystique and allure. Stories of lost treasures found in attics, vaults, or old safes capture the imagination of collectors and fuel the excitement of potentially unearthing hidden gems.

Continuous Market Demand: The Morgan Dollar market has remained robust and active for many decades. The coin’s steady demand among both seasoned collectors and newcomers has created a vibrant numismatic community centered around these silver beauties.

Versatility: Morgan Dollars cater to a diverse range of collectors. Some seek pristine, high-grade coins for their beauty and investment potential, while others appreciate circulated examples that reveal the coin’s journey through history. This versatility allows collectors to tailor their pursuits to personal preferences and budget constraints.

Grading and Registry Sets: Professional coin grading services offer collectors a standardized way to assess the condition of Morgan Dollars. This led to the creation of registry sets, where collectors compete to assemble the finest-known sets of Morgan Dollars, encouraging friendly competition and camaraderie within the collecting community.

Combining historical significance, breathtaking design, and a dynamic collecting community, the Morgan Dollar has undoubtedly secured its place as one of, if not the most, collected coin of all time. Its enduring popularity ensures that the legacy of the Morgan Dollar will continue to shine brightly in the world of numismatics for generations to come.

Morgan Dollars, with their iconic design and historical significance, have captured the hearts of coin collectors and investors worldwide. If you find yourself in possession of these treasured silver coins and are considering selling them, you’ve come to the right place. In this comprehensive guide, we will walk you through the step-by-step process of selling Morgan Dollars, ensuring that you achieve the best possible outcome.

I. Understanding Morgan Dollars Before diving into the selling process, it’s essential to understand the coins you’re dealing with. Morgan Dollars were minted from 1878 to 1904 and then again in 1921. These silver coins feature the profile of Lady Liberty on the obverse and an eagle holding arrows and an olive branch on the reverse. They hold both numismatic and precious metal value, making them highly sought after by collectors and investors alike.

II. Assessing Your Morgan Dollars The first step in selling Morgan Dollars is to assess their condition and rarity. Examine each coin carefully for signs of wear, damage, or cleaning. Coins in better condition typically command higher prices. Also, check for any distinguishing mint marks, as these can affect their value significantly. If you’re uncertain about the grading or rarity of your coins, consider consulting a reputable coin appraiser or a numismatic expert.

III. Choose Your Selling Method There are various avenues for selling Morgan Dollars, each with its pros and cons. Here are some common options to consider:

a. Online Marketplaces: Websites like eBay and online coin dealers offer a platform to reach a broad audience. However, be prepared to handle shipping, potential fees, and competitive pricing.

b. Local Coin Dealers: Visiting coin shops or dealers in your area can be convenient. They might offer you a fair price, but you may need to negotiate.

c. Auction Houses: Selling through an auction can attract serious collectors and investors. Keep in mind that auction houses often charge fees, and final prices can fluctuate.

d. Coin Shows: Attending coin shows allows you to meet potential buyers face-to-face and network with other numismatic enthusiasts. It can be a rewarding experience, but finding the right buyer might take time.

IV. Price Your Morgan Dollars Competitively Determining the right price for your Morgan Dollars is crucial. You can use online resources like coin pricing guides, auction results, and market trends to get an idea of their current value. Keep in mind that the condition, rarity, and demand for specific dates can influence the price. When pricing your coins, strike a balance between maximizing your return and attracting potential buyers.

V. Prepare Your Morgan Dollars for Sale To attract buyers and get the best value for your Morgan Dollars, take some time to prepare them:

a.  Quality Photos: If you’re selling online, high-quality photographs are essential. Capture clear images that showcase the details and condition of the coins.

b. Accurate Descriptions: Provide accurate and detailed descriptions of each coin, including its date, mint mark, condition, and any unique features.

Safely Complete the Transaction Once you find a buyer and agree on the price, ensure that the transaction is secure. If you’re selling online, use reputable payment methods that offer buyer and seller protection. For in-person transactions, meet in a safe and public place, especially when dealing with valuable coins.

CashForCoins.net stands out as an exceptional platform for selling your cherished Morgan Dollars due to its unique blend of convenience, expertise, and customer-centric approach. This reputable online marketplace offers a seamless and rewarding selling experience for coin collectors and investors alike.

1. Expert Appraisal and Fair Pricing: At CashForCoins.net, your Morgan Dollars are evaluated by a team of seasoned numismatic experts with in-depth knowledge of rare coins, including the historical significance of Morgan Dollars. This ensures that you receive a fair and accurate appraisal, maximizing the value of your coins.
2. Streamlined Selling Process: The platform’s user-friendly interface allows you to effortlessly navigate the selling process. From submitting detailed coin information to uploading high-quality images, every step is designed to showcase the beauty and uniqueness of your Morgan Dollars.
3. Competitive Offers and Fast Payment: CashForCoins.net prides itself on providing competitive offers for Morgan Dollars. Within a short turnaround time, you will receive a fast and secure payment, granting you the financial flexibility you desire.
4. Secure Transactions: Your peace of mind is a top priority. CashForCoins.net employs robust security measures to safeguard your personal information and guarantee secure transactions throughout the selling process.
5. Extensive Market Reach: The platform’s extensive network of coin collectors, investors, and enthusiasts ensures that your Morgan Dollars gain maximum exposure. With a broad audience actively seeking rare and valuable coins, you have an excellent chance of finding the perfect buyer for your coins.
6. Knowledgeable Customer Support: Should you have any questions or need assistance, www.CashForCoins.net  provides responsive and knowledgeable customer support. Their team is readily available to address any inquiries, making the selling journey smooth and worry-free.
7. No Hidden Fees: CashForCoins.net operates with transparency, eliminating any hidden fees or surprises. You can confidently proceed with your Morgan Dollar sale, knowing that the process is straightforward and fair.

Choosing a knowledgeable and experienced professional in the market to help value and sell your estate coins can make a significant difference in achieving a successful transaction. With our expertise, transparent pricing, customized selling strategies, extensive network, and exceptional customer service, we are confident in providing you with the assistance you need to maximize the value of your estate coin collection and ensure a smooth selling experience.CashforCoins.net A leading Nationwide coin buyer, and numismatic estate settler.  Many choose us when they inherit a large estate collection, need assistance and hand holding throughout the process.   Feel free to us our nice free tools on the site like free instant offers for coins, free nationwide database of local coin dealers and lots of coin news and articles, Silver Coin Bids, Gold coin bids

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