Morgan Silver Dollar Coin Value
As the backbone
of many coin collections, Morgan silver dollars have been coveted by collectors
large and small for many decades. However, they really didn't start out that
way. In fact most coin collectors of the 19th century didn't favor the Morgan
dollar too much, known then by its nickname: the cartwheel, due to a lack of
aesthetic appreciation for the coins. It seems that coin collectors of these
earlier generations preferred the design of the earlier Seated Liberty dollars.
After a turbulent ride through many decades, the Morgan dollars are truly recognized
by collectors worldwide for their beauty and simplicity in design, as well as
being distinctly American in look and feel. And, thanks in large part to the
treasury release in the early 1960's of millions of uncirculated specimens (kept
in bags for decades in mint basements), these coins can be very affordable to
acquire. In
fact, they are so much in abundance that a vast percentage of the coins are
traded by just the silver content they possess, which is slightly over three
quarters of an ounce.
Aside from
the standard, or what coin industry experts call "generic" silver dollars, usually
made by the millions, there are a small percentage of these coins that are extremely
rare and have considerable value. Though not very common, just one of these
"key date" Morgan silver dollar coins can easily eclipse the entire value of
the rest of any common collection containing these types of coins. Many times
in the scope of collecting Morgan silver dollars people can easily misunderstand
age as an indicator for rarity or value. One must be careful not to confuse
these elements when estimating Morgan silver dollar coin values or, more importantly,
when deciding to sell these coins on the open market.Condition
can also be a major contributor when determining the value of these coins. Unless
a coin is in a shape considered by coin professionals to be brilliant uncirculated,
and even on many generic years in this series, generally these coins will fluctuate
in value based on the spot price of silver during any given day.
The most
effective way of determining Morgan silver dollar coin values is to bring them
into any one of the highly professional coin experts at Nevada Coin & Jewelry,
where we can put a trained eye to the coins.By
going through each coin with painstaking detail, Nevada Coin & Jewelry's very
professional and highly respected staff can give accurate and informative appraisals
in a timely fashion. We can also provide cash offers that are more than competitive
based on the market strength of each coin.
(702) 256-2646
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