As the backbone of many coin collections, Morgan silver dollars have been coveted by collectors large and small for many decades. However, they really didn’t start out that way. In fact most coin collectors of the 19th century didn’t favor the Morgan dollar too much, known then by its nickname: the cartwheel, due to a lack of aesthetic appreciation for the coins. It seems that coin collectors of these earlier generations preferred the design of the earlier Seated Liberty dollars. After a turbulent ride through many decades, the Morgan dollars are truly recognized by collectors worldwide for their beauty and simplicity in design, as well as being distinctly American in look and feel. And, thanks in large part to the treasury release in the early 1960’s of millions of uncirculated specimens (kept in bags for decades in mint basements), these coins can be very affordable to acquire. In fact, they are so much in abundance that a vast percentage of the coins are traded by just the silver content they possess, which is slightly over three quarters of an ounce.
Aside from the standard, or what coin industry experts call “generic” silver dollars, usually made by the millions, there are a small percentage of these coins that are extremely rare and have considerable value. Though not very common, just one of these “key date” Morgan silver dollar coins can easily eclipse the entire value of the rest of any common collection containing these types of coins. Many times in the scope of collecting Morgan silver dollars people can easily misunderstand age as an indicator for rarity or value. One must be careful not to confuse these elements when estimating Morgan silver dollar coin values or, more importantly, when deciding to sell these coins on the open market.Condition can also be a major contributor when determining the value of these coins. Unless a coin is in a shape considered by coin professionals to be brilliant uncirculated, and even on many generic years in this series, generally these coins will fluctuate in value based on the spot price of silver during any given day.
The most effective way of determining Morgan silver dollar coin values is to bring them into any one of the highly professional coin experts at Nevada Coin & Jewelry, where we can put a trained eye to the coins.By going through each coin with painstaking detail, Nevada Coin & Jewelry’s very professional and highly respected staff can give accurate and informative appraisals in a timely fashion. We can also provide cash offers that are more than competitive based on the market strength of each coin.
Monday – Friday: 8:30 am – 4:30 pm
Saturday: By Appointment Only
Sunday: Closed
