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
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