The Morgan Silver Dollar, which was minted between 1878 and 1904 (and again in 1921) is one of America’s most iconic coins. Its hefty size, classic beauty and rich history have made it a highly coveted prize for coin collectors worldwide. While you might be able to find a few Morgan Silver Dollars in a local pawn shop, the best place to buy or sell them is with professionals that specialize in this type of collectible. These professionals are well-versed in the current market conditions and factors influencing their value. They are able to offer competitive prices that reflect the fair market value of your morgan silver dollars for sale.
The determining factors for a Morgan Silver Dollar’s price are its condition, date of minting, and even the mint mark, which plays an important role in whether or not it will be considered a variety coin. Some of these coins, especially the older ones produced in the late 1800s, have become very valuable due to their scarcity and demand. They have also been the target of counterfeiters in recent years.
Because of these factors, it is recommended that you only invest in Morgan Silver Dollars with a high degree of quality and authenticity. This will not only protect your investment but also ensure that you receive a fair price when it is time to sell.
Coins that are in pristine or uncirculated condition usually trade at the highest rates. The same holds true for rare or one-of-a-kind Morgan Silver Dollars. These types of coins, like the earliest Morgans, tend to fetch the highest prices because of their historical significance.
Other determining factors that can affect a coin’s value include the design and details. Some of these include the obverse depiction of Lady Liberty and the reverse depicting the American Eagle. The original designer, George T. Morgan, took great care in depicting a realistic version of the iconic Lady Liberty. He used Anna Willess Williams as his model. The two were very close friends. Morgan wanted to protect Miss Williams’ anonymity, but her identity was eventually revealed by a newspaper reporter.
For more information on the nuances of Morgan Silver Dollars, check out a popular book by Dave Bowers called Silver Dollars and Trade Dollars of the United States. This comprehensive work outlines how the various factors mentioned above influence a coin’s overall value.
