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The History of the Morgan Dollar
What is a Morgan Dollar?
A Morgan Dollar is a rare coin that was minted from 1878 to 1904 and again in 1921. It was designed by George T. Morgan, who wanted to create a new design that would replace the Seated Liberty Dollar. The Morgan Dollar is made of silver and has a diameter of 38.1 mm. Morgan Dollars are surprisingly affordable in Mint State condition and offer investors and collectors solid value at current price levels. Typically, investment grades range from Mint State 64 up through Mint State 66 and all coins are certified by either PCGS or NGC.
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Why Collect Morgan Dollars?
Rare coins are desired by collectors for their unique designs and the quality of precious metals used during production. There are many reasons why Morgan Silver Dollars are some of the most sought-after rare coins of all time. Most notably, Morgan Silver Dollars were made from 90% silver and 10% copper alloy until the Coinage Act of 1965 abolished their usage as a dollar coin. Additionally, each rare coin is unique unto itself. After production, a Morgan Dollar’s design can never be exactly replicated.
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Coveted Collectibles
Collectors have endlessly sought to complete a full set of Morgan Silver Dollars. Because many of the more uncommon branch mint and date varieties were lost as a result of the Pittman Act, this goal has proven to be extremely challenging. The precise quantity of Morgan Silver Dollars is unknown, but collectors all over the world seek to complete their collections.
Coin collectors all over the world love the Morgan Dollar. If you’re interested in learning more about Morgan Dollars or adding some of these rare coins to your collection, reach out to us at Austin Rare Coins today!
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