What are Morgan Silver Dollar’s Worth?
Morgan silver dollars have become a desirable coin to collect amongst both investors and numismatists. They are the most well documented and researched US coins. This means that there are a lot of certified and professionally graded Morgan silver dollars for sale on eBay and other online sites. A coin that is graded by a professional coin grading organisation will usually have the coin stabbed with the grade of the coin from 1 to 70 marked on the slab. Therefore you do not have to trust the word of the seller when he tells you that the coin is uncirculated and has a grade between 60-70 on the grading scale.
Generally speaking Morgan silver dollars have performed well over the years increasing in value year by year. This is particularly true for key date coins and coins of a high grade such as the uncirculated Morgan silver dollars. Morgan dollars were minted between 1878 and 1921 and were minted by various mints including San Francisco, Philadelphia, New Orleans and Carson City. Coins minted by Carson City are considered key date coins and are highly sought after and valuable. If you own a Morgan silver dollar you can find out where it was minted by looking for the mint Mark on the reverse of the coin, underneath the eagle. For example a coin minted by Carson City will have the letters ‘CC’ inscribed on the coin.
A Moran dollar coins .900 ounces of silver but is often worth more than its weight in silver if it has been certified even if it is from a common type. Morgan dollars usually command anywhere from $50 to $1000 on eBay depending on their rarity and grade. However most sell for under $200.
If you’re considering collecting Morgan silver dollars as an investment you should consider the Official Red Book Guide to United States Coins, by R.S. Yeoman. Guides such as this provide all the key date coins, and their value for their grade. You never know, you may discover you own something worth a small fortune.
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