The Morgan Silver dollar is one single of the most popular coins amongst both investors who collect Morgan dollars for their strong growth in importance plus numismatic collectors who collect them for their aesthetic, historical also cultural value. You can uncover Morgan dollars meant for sale on eBay plus other online coin sites but they can plus be purchased from mail order companies plus coin stores.
The Morgan Silver Dollar was first minted in 1878 in Philadelphia, Carson City, New Orleans, plus Denver in 1921. It was named plus designed by George T. Morgan. It features a portrait of Lady Liberty on the front as well as an eagle on the reverse. Unlike the coins in circulation today the Morgan silver dollar was comprised of 90% silver as well as 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 the true value of these coins can be found in key date coins that are rarer and worth far more than their body fat in silver. For example coins minted by the Carson City mint in the years 1878 through to 1892 can fetch thousands of dollars if the coin is of a high grade.
If you own a Morgan silver dollar how carry out you know how much your coin is worth plus whether it is from a key date. The date plus where the coin was minted can be found on the reverse of the coin, underneath the eagle. For example a coin minted by the New Orleans Mint will have the initial O and a coin minted by the Carson City Mint will have the initials CC plus S for the San Francisco Mint.
To find out how much your coin is worth you should purchase a reliable book on old American coins. A book I suggest is the Official Red Book Guide to United States Coins, by R.S. Yeoman which lists all the key date coins as well as the values for each grade. You could and search eBay auctions for the identical coin and grade as well as see how much it is being sold for.
Generally speaking Morgan silver dollars minted on specific dates tend to appreciate in value the best. These are termed Key Dates. They Key date coins are the following - 1878CC through to 1892CC are all key date coins. Others include 1886S, 1888S, 1892S, 1893, 1893O, 1893S*, 1894*, 1895**, 1895O, 1895S, 1896S, 1903O, 1903S, 1904S. You should gain knowledge of that these coins can be worth a number of thousands of dollars in uncirculated condition where as a coin from whichever of these key dates that is only of a Fine grade is unlikely to be worth more than $100. This serves as a reminder of the significance of grading a coin correctly and the extent to which the grade or condition of a coin affects its value.
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