Morgan Silver Dollars
Morgan Silver Dollars Quick Facts
The Morgan Silver Dollar is named after its designer, George T. Morgan, who was an assistant engraver at the U.S. Mint. It was the first standard silver dollar minted after the Coinage Act of 1873, which demonetized silver for a period.
The coin features a profile of Lady Liberty on the obverse and an eagle with outstretched wings on the reverse.
Morgan Silver Dollars are highly sought after by collectors due to their historic significance, design, and the fact that they were minted during a pivotal period of American expansion and industrialization.
Collectors are drawn to their artistic beauty, featuring Lady Liberty and the American eagle, and their ties to the Old West and the gold rush era. Additionally, certain dates, mint marks, and conditions make some Morgan Dollars rare, adding to their allure as collectibles.
Circulated Morgan Silver Dollars
Investors often buy circulated Morgan Dollars because they tend to be more affordable than uncirculated or certified coins.
While circulated coins may have signs of wear, they still retain most of their silver value and are an accessible entry point for silver investors who also appreciate the coin's historical significance.
Circulated Morgan Dollars can be an excellent store of value. The silver content in each coin gives it a baseline value that is closely tied to silver market prices.
Many Morgan Dollars, especially those with rare dates or mint marks, carry a premium over their bullion value, adding potential upside beyond just the silver price.
Certified Morgan Dollars
Certified Morgan Dollars are coins that have been professionally graded by third-party grading services.
These services, such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation), evaluate the coin’s condition and certify its authenticity with a grade.
Coins in higher grades (especially Mint State) can command significantly higher prices than circulated or uncertified versions.
Investors and collectors trust certified coins because they have been evaluated for condition and authenticity by respected professionals. Certified coins are easier to sell and trade.
Certified Morgan Dollars are encapsulated in protective holders, which preserves their condition and prevents further wear or accidental damage.
Modern Morgan Silver Dollars
The Modern Morgan Silver Dollar is a 21st-century reissue of the historic Morgan Dollar (1878–1921), minted by the United States Mint beginning in 2021. The U.S. Mint introduced these coins to commemorate the 100th anniversary of the transition from the Morgan Dollar to the Peace Dollar in 1921.
Unlike the original Morgan Dollars, which were intended for circulation, these modern versions are bullion and collector coins produced using .999 fine silver rather than the original 90% silver, 10% copper alloy.
| Specification | Details |
|---|---|
| Composition | .999 Fine Silver |
| Weight | 0.858 troy ounces (26.686 grams) |
| Silver Content | 0.858 troy ounces |
| Diameter | 38.1 mm (1.5 inches) |
| Edge | Reeded |
| Face Value | $1 USD |
| Mint Marks | Various (2021 issues included "D" (Denver), "S" (San Francisco), "O" (New Orleans Privy Mark), "CC" (Carson City Privy Mark), and No Mint Mark (Philadelphia)) |
| Finish | Uncirculated & Proof versions |
| Mintage | Limited mintage (varies by year and mint) |
Key Features of the Modern Morgan Silver Dollar
- High Purity Silver: Unlike the original 90% silver Morgan Dollars, these modern versions are made of 99.9% pure silver.
- Collector's Item: These coins are not intended for circulation and are produced specifically for collectors and investors.
- Historical Tribute: The design pays homage to George T. Morgan’s classic 1878 design, featuring Lady Liberty on the obverse and a bald eagle on the reverse.
- Low Mintage: These coins have been produced in limited numbers, making them highly sought after among collectors.
Where to find the cheapest Morgan Silver Dollars
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