The Morgan Dollar which is one of the most interesting and beloved collections of coinage worldwide. It is popular among collectors to this very day. Produced between 1878 and 1904, with the last one minted in 1921, it is an excellent example of American history. Due to its elaborate minting and association with the silver rush, it has become an essential part of any numismatics collection.
Apart from its majestic look, the coin has a certain historical value for anyone who is interested in touchstone ties to history. Whether for the quality and detailed work or for its next to impossible to find variety, this piece has remained a favorite among rare coin connoisseurs.
The following sections will reveal why the Morgan silver dollar is still beloved until today.
History, Design and Rolling Out of the Morgan Silver Dollar
The Morgan silver dollar was designed by George T. Morgan, an engraver from England who was working for the U.S mint. Struck from 1878 to 1885 and again from 1892 to 1954, the coin depicts the expansion of America after the Civil War. On the obverse side it presents Lady Liberty, whose image was based on the Philadelphian teacher, Anna Willess Williams. The reverse shows an eagle two wings spread, holding an olive branch and arrows.
This particular piece was made from 90% silver and 10% copper and therefore is both shiny and strong. Its size and heft also set it apart from many other coins of the same period.
Morgan Silver Dollar: The Reason Collectors Are Drawn To It
The reason why the Morgan silver dollar is so fascinating is due to rare, aesthetic and historical value. Many collectors are drawn to the coin for the following reasons:
a. Historical Significance
Every one of them has its background associated with the development of industries and westward expansion of the USA in the second half of the XIX century.
b. Design Excellence
To all intents and purposes, given its detailing, the Morgan Dollar can be called a true masterpiece of minting.
c. Investment Potential
Specimen examples, normally valued higher (in numismatic value), and coins made in reduced mintage, for instance, those with dimple marks “CC” of Carson City, can increase in value after a while.
Tips for Aspiring Collectors
If you’re new to collecting Morgan silver dollars, here are some tips to guide your journey:
a. Start with Common Dates
To start with, silver dollar proofs should be collected from cheap years mainly 1881 or even 1885; the ‘regular’ years are more affordable.
b. Invest in Graded Coins
Coins bought that have been graded, are genuine and assure quality to the end users.
c. Focus on Quality Over Quantity
A few high grade specimens generally retain their value more than a number of subpar specimens.
The Luster of Morgan Silver Dollars till Date
The Morgan silver dollar remains a collector’s coin till today and is prized due to its beautiful design as well as its background. For the professional or for the novice in the field of rare coins, this piece is the epitome of a coin that has a history, beauty and financial value that few other mintages can boast of.
