Coin Collecting -> US Coins -> Dollar Coins -> Morgan (1878-1921): 1878-1921, 1885-93, 1894-98, 1899-1904, 1921
The Morgan Silver Dollar is considered by many to be one of the most valuable US coins that you can collect. It’s history ranges from 1878 to 1904, and during its run, it was one of the first dollar coins that was available for public use, minus the Seated Liberty Dollar. The coin was named for its designer, George T. Morgan and to this day, collectors search for these valuable items.
The main reason that silver dollars were put into use is due to the fact that when the Comstock Lode was discovered, silver prices fell dramatically due to the influx of the rich metal onto the markets. The Bland-Allison act called for coins to be used as currency and the rest is history. It wasn’t until 1921 that silver dollars fell out of use, and during that time many were melted after the availability of silver fell again.
Out of all of the Morgan Silver Dollars that were minted, by far the most valuable one is the one called the King of Morgan Silver Dollars, or the 1895. This is a very rare coin and those that are able to find them are considered to be very lucky indeed. Many private collections contain these rare coins, and there is quite a market for them at auction. Even though the coin itself is worth only 1 dollar in silver, the value of these coins can exceed $120,000.
There is somewhat of a mystery around the Morgan Silver Dollar from 1895 that has sparked collector interest. In total, there were about 12,000 total made during that year, and 880 proofs were created as well. To date, only a small portion of these coins, around 80, have been discovered. That means that somewhere, there are more than 11,920 of these rare coins that are waiting to be found.
No one really knows what happened to them either, which makes finding one all the more special. While all Morgan Silver Dollars are valuable, it’s the King that everyone wants for their collection. In total, more than 500 million Morgans were produced during its minting period and of that amount, approximately 2.5 million are still around.
If you are looking for a true one of a kind collector coin, the Morgan Silver Dollar from 1895 is certainly the one to search for. However, finding any Morgan Silver Dollar is considered to be a feat, especially today when they are very scarce. This is a fun coin to collect and even if you never do find that special King, you can still enjoy your entire collection.
For collectors interested in stumbling onto a King, the best place to start is by looking at auctions, or at online auction sites. Many times, you can find one of these incredibly rare coins for a steal, especially if you purchase a raw lot. The hunt is still on for the King, and with more than 11,000 still out there, there is a chance that you just may be the one to find one.
Originally posted 2008-08-14 05:00:02. Republished by Blog Post Promoter
Related Posts -
The Joy of Dollar Coin Collection When it comes to collecting money there are several different types of paper money and currencies which one can collect. Some types of coins and paper money can be easy to access, while others may offer a certain level of difficulty. Some people are attracted to collecting certain types of...... -
Learn More about Coin Valuation Collecting coins is something that you will be able to enjoy so that you will be able to enjoy the kind of life that you are looking to enjoy. It is something which can be a fun hobby as well as something which can provide you with a huge profit....... -
Rare Coins Coins and Paper Money -> Ancient Coins -> Persian, Indian, Asian There is something very special about rare coins. No matter where in the world they came from, they usually have a very rich history and collectors will search to the ends of the earth to find that special rare...... -
Russian Ruble Coins-and-Paper-Money -> Coins-World -> Russia The Russian ruble collector is likely someone who doesn’t just love coins, but has an interest in Russia’s heritage as a country. One of the problems with purchasing rubles is that counterfeiting has always been a common thing with Russian coins. And not just...... -
Silver Eagles Money -> Silver -> American-Eagle American Silver Eagles have been minted in the United States since 1986. These are the official silver bullion coins of the United States, guaranteed to contain one troy ounce of silver that’s 99.9% pure. A troy ounce is actually slightly heaver than a typical ounce......
Related Websites -
Collecting Rare Collectibles 101 There are all kinds of different collectibles out there, including rare collectibles and more common collectibles for example. If you are interested in collecting rare collectibles, then knowing how to identify them, find them, price them, display them and sell them are all very important considerations to make. Here is...... -
Get to Know the Collectability of Coins from the National Collectors Mint There are all different manner of coin numismatists collect. These include the currencies of the United States and all of the other countries which happen to be in a coin form. Along the way there have been coins which have been produced which were intended to be legal tender which...... -
A Beginner’s Guide to Collecting Coins There are plenty of people out there looking for a great hobby they can get started in. More people have started turning to coin collecting. This is because it appeals to two different collectors. It appeals to those who simply enjoy the look of certain coins to those who see...... -
How to Use a Coin Guide When Buying Coins Buying coins can always be a haphazard venture. This is because there are many pitfalls which you can face along the way. You can run into coins which are fakes, coins which are graded incorrectly and coins which are priced well above what they should be. It is important that...... -
Getting to Know the Value of World Gold Coins There are many different coins which are bought and traded by coin collectors every day. Among the most collected of all coins include the gold coins. This is because gold coins start off with a great value. This is because gold is always valuable and will always increase in value......
- Coin Purses Bags, Cases, Wallets Contemporary (1968-Now) Disneyana Collectibles
- Foreign Silver Silver Bullion Coins & Paper Money
- Silver Certificates Small Size Notes Paper Money: US Coins & Paper Money
- Silver Certificates Large Size Notes Paper Money: US Coins & Paper Money
- Sacagawea (2000-Now) Dollars Coins: US Coins & Paper Money
