Coin Collecting

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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There have been many different coins which have been created over the years which have paid homage to the different presidents. While some have been able to get their faces on large currency or large coins, Benjamin Franklin got his face on Franklin Half Dollars. This is not to say that the half dollars are worth only that know. In fact, you will find that the coins have become rather valuable ever since the last coin was minted in 1963. There are some which are more valuable than others. Here is a closer look.

The first thing you will need to know about the Franklin Half Dollars is what you will find on the obverse and reverse. You will also need to know what errors have been made with the series which have caused the coin to become more valuable. It is also good to know what mints were Minting the coin and their significance with the coin itself. While Franklin might not have been alive to see his face on the Half Dollar, he would have been proud to have seen such a brilliant coin created just for him.

A Look at the Faces

There are two faces to the Franklin Half Dollars. The obverse (head) has the profile of Franklin along with his neck and shoulders. The Reverse (tail) has the Cracked Liberty Bell. It is possible to find the proofs which were available for this coin because of the recent run of the coin. It was run from 1948 to 1963. While it might seem that the most valuable of the series is the oldest, it is actually the error coins which are worth the most because they have been reclaimed when possible by the government to get them out of circulation.

Errors in Production

There were a few different errors made in the striking of the Franklin Half Dollars. One of the most notable of the errors occurred when the obverse and reverse dies hit each other with no coin between them. The result is what is called the Bugs Bunny Error. This is an error on the obverse on the 1955 coin which makes it appear that Franklin has a split lip giving him the appearance of pronounced front teeth. Another error occurred on the 1961-P Proof where the Proof was double died.

Minting the Coin

The majority of these coins have been reclaimed by the government so that they could be melted down and reminted. This is because the amount of silver used in the coin made the coin worth more than the amount which was printed on the face of the Franklin Half Dollars. Those who have an error printed 1955-P have a real treasure because it is the kind of error that even the most layman can see that the split lip was not intentional on the face of Franklin. It never should have even seen the light of day before being melted and recast.

Photo Credits: Wikipedia Commons

Originally posted 2010-08-13 03:07:31. Republished by Blog Post Promoter

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