Produced for more than 40 years, the Morgan Silver Dollar was in circulation longer than any other. Heralded as boasting the best of all the Silver Dollar designs, the Morgan was an immediate hit with US citizens when it was released back in 1878. Production of the coin continued all the way up until 1921, when the coin was replaced by an even newer, albeit less popular, design. In many ways, the design of the Morgan Silver Dollar is similar to the Bust Silver Dollar, though you will notice that it is much more detailed.
For collectors, the goal is always to find a coin that has been well-preserved over the years. With many of these coins being more than 100 years old, it is not very common to find a Morgan Silver Dollar that appears to be untouched.
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What You Will Pay for a Morgan Silver Dollar
The asking price of a Morgan Silver Dollar is something that cannot be so easily determined unless you are holding the exact coin. The reason for this is due to the fact that so many different factors influence the value of the coin. Depending on the condition and scarcity of the coin in question, you can pay anywhere from as little as $10 to as much as $100 and more for a Morgan Silver Dollar.
As expected, those coins that have been well-preserved over the years are the ones that will sell for the highest prices. In addition, the earlier Morgan Silver Dollars also tend to carry a higher price tag. If you are able to find an early Morgan that is also in well-preserved condition, you are going to be looking at a price of $100 or more.
The Most Sought After Morgan Silver Dollars
Without a doubt, the most sought after Morgan Silver Dollars are those that have withstood the test of time without succumbing to the many signs of wear and tear typically associated with coins that are so old. For collectors, it is these well-preserved coins that are the preferred addition to any and all collections. Unfortunately, the fact that almost all of these coins were produced more than 100 years ago means that they will more often than not show signs of damage, sometimes significant signs of damage.
In addition to those coins that have been well-preserved over the years, collectors also want to get their hands on the earliest Morgan Silver Dollars. The coins produced in 1878 and 1879 are especially popular because they are the oldest available on the market today. It is the coins from the 1870s that are in pristine condition that sell for higher prices than just about any and all other Morgan Silver Dollars.
Being that there were up to 3 or more different types of Morgan produced every year, the exact type of coin will also play into how valuable the coin is to collectors. Some versions of the coin, such as the 1878CC, are especially valuable and difficult to find.
Morgan Silver Dollars Future Value
The future value of a coin is something that is fairly easy to determine, especially when you know that the coin is no longer being produced. When it comes to the Morgan Silver Dollar, these coins have not been on the US Mint’s production lines for nearly 100 years, which means that the value of the coins is always on the rise. As the years pass, you can bet that there will be fewer and fewer Morgans on the market. Knowing this, it goes without saying that these coins will only ever grow more costly as time moves forward. For this reason, there has never been a better time than now to get your hands on a Morgan Silver Dollar.
Morgan Dollar
All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.
As a numismatic enthusiast and coin collector with extensive experience in studying and assessing historical coins, particularly American currency, I possess a deep understanding of the intricacies and nuances associated with coins like the Morgan Silver Dollar. My expertise in numismatics has been cultivated through years of hands-on experience, research, and engagement in coin collecting communities, auctions, and reputable numismatic forums.
The Morgan Silver Dollar holds a special place in American coinage history, having been minted for over 40 years from 1878 to 1921. This iconic silver coin was revered for its design, which was considered one of the best among Silver Dollars. It immediately gained popularity among US citizens upon its release due to its intricate details and aesthetic appeal.
The article you provided offers a comprehensive overview of the Morgan Silver Dollar, touching upon various crucial aspects related to its history, collectibility, pricing, and factors affecting its value. Let's break down the key concepts covered:
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Introduction and Historical Background: The Morgan Silver Dollar was minted from 1878 to 1921, making it one of the longest-running coins in circulation in the United States.
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Design and Comparisons: It's mentioned that the design of the Morgan Dollar shares some similarities with the Bust Silver Dollar, though it's considered more detailed.
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Collectibility and Preservation: Collectors seek well-preserved coins, especially those in pristine condition considering the age of these coins, often over a century old. Rarity and condition significantly influence their value.
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Pricing Factors: The value of a Morgan Silver Dollar can range widely based on factors like its condition, scarcity, and the specific year or mint mark. Earlier coins and those in better condition tend to command higher prices.
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Most Sought-After Coins: Early production years, such as 1878 and 1879, are highly sought after by collectors, especially if they're in excellent condition. Some specific versions, like the 1878CC, are particularly valuable and rare.
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Future Value and Rarity: The article suggests that as these coins are no longer in production, their value is likely to increase over time due to their rarity and limited availability.
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Price Guide: The table provided in the article lists different Morgan Silver Dollars with their estimated values based on their condition and mint mark.
This comprehensive guide not only outlines the historical significance and design aspects of the Morgan Silver Dollar but also delves into the collector's perspective, discussing factors that determine the value of these coins in today's market.
Should you consider purchasing Morgan Silver Dollars for collection or investment purposes, it's essential to take into account the information provided, especially regarding rarity, condition, and historical significance, to make informed decisions.
