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Jan 24
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The Best of the Best: Morgan Silver DollarsShopping Comments Off
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While there are plenty of silver coins that you could add to your collection, there is one in particular that you should consider above the rest. When you want to add something special to your coin collection, consider the Morgan Type dollar. These silver dollars are one of the most highly collectible coins in United States history.
This coin was struck between the years of 1878 to 1921 and is considered to be a very popular collector’s item. The main reason why Morgan dollars are so collectible is that they are both highly valuable and cost effective. The strike dates for coins that are more common than the others are collectible for people just getting started with their collection. In addition, the strike dates, which are harder to find, and the most rare are valued by collectors who have been in the hobby for years.
When it comes to the facts about the dollar, some of them are quite interesting. The Morgan silver dollar came about after a long lapse in silver dollar strikings in the United States. However, the country passed the Bland-Allison Act in 1878, which would allow for a new silver coin.
The silver for these coins came from the Comstock Lode, which was the biggest silver strike in the country and was found in Nevada.
The dollar is named after its designer, George Morgan. Physical characteristics include a profile of Lady Liberty’s head on the front. Look for the monogram of Morgan near her neck. On the back of the dollar, an eagle, with its wings spread, holds arrows and an olive branch in its talons.
While any of the Morgan dollars are considered collectible, there are certain strike dates that are the most rare and the most valuable. The three dates that are considered to be the most hard to find are 1889, 1893, and 1895.
Because many of these dollars were melted down either to fund World War I or for their silver bullion, the Morgan dollars are considered some of the best collector’s items.
Adding collectable silver coins to your coin collection is an excellent option. Whether you are a beginner or a seasoned collector, you will find the right Morgan dollars for purchase. For smaller investments, choose one of the more common strike dates, but of you want to add a great deal of value to your collection, consider one of the three rare strike dates as mentioned above.