The 1888 silver dollar was widely circulated so while some are definitely going to be valued higher than others, you should be able to easily find an 1888 silver dollar. But just what is the 1888 silver dollar coin value? Let's take a look at some of the factors that determine the value of a coin.

Overall Condition

It is important to remember, at all times, that the value of your coins is always going to be based on the grade assigned to them. With the exception of, perhaps, the bullion coins that are more valued because of the gold, silver, or platinum that they are made of, your coin's grade will help you to not only determine its value but also help you to ensure that you get a fair price when buying or selling.

The following factors can affect your 1888 silver dollar coin value.

Corrosion
Scratches
Poor cleaning jobs
Use of brightening solutions
Bends in the coin

If you have 1888 silver dollars in your collection, it is important to get them appraised and graded by those who are experienced and knowledgeable in the field of grading coins. Once your coin has been graded, you will be in a much better position to understand what value you can place on them.

When you are interested in purchasing coins, it is important that you buy only from reputable coin brokers. With the abundance of online auctioning sites, it can be all too easy for someone to try to pass off a coin that is actually of a lower grade - simply because you won't have had the opportunity to appraise the coin personally.

Circulated Or Uncirculated

It should go without saying that a large contributing factor to your 1888 silver dollars' worth is going to related to whether or not it was uncirculated. This means exactly what it sounds like; the coin was never spent or used with other currency - the coin was procured from the mint directly or from the bank as a part of a roll. An uncirculated coin will have no wear on it and it will be bright and shiny.

A coin that has been circulated has been spent, rolled around in pockets and purses against other coins, and it will have a fair amount of noticeable wear on it.

It is important to note that unless you get your coins graded by a professional, you will not be able to get an accurate idea as to what your 1888 silver coin dollar value actually is.

Oldcoinsmarket.com has a wide range of US coins for sale including Peace and Morgan dollars for sale, double eage gold coins, half eagles, half dimes and more.

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• 1889 Morgan Silver Dollar
  1889 Morgan Silver Dollar was one of many silver dollars that was designed by George T. Morgan and minted in the United States in the time span of 1878 to 1904. Morgan started his minting career as an assistant engraver and worked up to becoming a Ch...

In the world of coin collecting today, Morgan silver dollars have an intrinsic value that varies based on condition, year and mint location. As coin collecting advanced over the years, other factors came into play that have greatly affected a Morgan dollar's worth such as VAMs. This stands for Van Allen - Mallis and mainly speaks to the variations and the diversity of dies that existed during the production of these dollars. Since each VAM can potentially be tied to a specific year or a specific mint mark, the list of different possible combinations that can affect rarity value is quite extensive.

Morgan dollars were minted from 1878 through 1904 and then once again during 1921. Following production in 1921, the Morgan silver dollar was replaced with the Peace silver dollar. The name Morgan comes from its designer, George Morgan. All Morgan dollars have a silver content of 900. This means each one is 90% pure silver.

The Morgan silver dollar has suffered major losses in inventory since its beginning. Thanks to the Pittman Act of 1918, over 270 million silver dollars were melted down. Following this, there were other smaller meltings. Morgan dollars continue to suffer this same fate even today. Every time the cost of silver rises, more of them are melted by private individuals. The value of their silver content far outweighs their face value and, in many cases, their intrinsic value as collector items. It is believed that today only 17% of all the Morgan dollars ever produced still exist.

There are some rare Morgan dollars that command prices in excess of $100,000 today, such as an 1895 proof. An 1893-S Morgan dollar in tip-top shape can fetch roughly one million dollars at auction and an uncirculated high grade 1884-S can bring up to $750,000. One has to wonder how many of these were melted thanks to the Pittman Act.

Morgan dollars were minted at five different locations. These locations and their mint marks are D for Denver, P for Philadelphia, S for San Francisco, CC for Carson City and O for New Orleans. The rarest of these is Carson City because that is where the fewest were produced.

On all coins, the front is called the obverse and the back is called the reverse. The mint marks on Morgan silver dollars are found on the obverse right between the D and O within the word dollar. Usually the Morgans that were made at the Philadelphia mint were unmarked so Philadelphia should be assumed when no mint mark is found.

The collecting of all coins can be exciting as well as profitable. No one quite knows why the Morgan silver dollar became such a star other than it is a beautiful coin with an outstanding design. It also enjoys many twists and turns when it comes to determining value, presenting just enough of a challenge to hold the interest of most collectors.

Anne Benedetto is a former auction house owner and former dealer in the antiques and collectibles business. She presently provides people with important details, behind the scenes information, helpful tips and first hand knowledge of the brick and mortar auction business. Visit Anne at http://AuctionHouseTalk.com which is an interactive site where interested people can talk about the ins and outs of auctions, antiques and collectibles.

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As with anything else the condition of your coin is very important for this year you want to have in brilliant uncirculated condition. With the exception of Carson City and San Francisco the other mints for this year will have a value under $50 if not bu.

We will take a look at mints so we can have a better picture for this year.

1883 Philadelphia: As you may or may not know mint state 60 or better is where brilliant uncirculated begins if you believe you have a coin in mint sate 65 or above consider getting it graded. Do not let the toning on a coin fool you the Morgan Dollar you see here is actually in "ms" 68 condition doesn't get better than that.

Mint mark: None Philadelphia Circulation strikes: 12,290,000 Proofs: 1,039

Mint mark: O for New Orleans, Louisiana under bow on reverse. Proofs: est. 12

1883-s Silver Dollar: A real beauty this can be a tough one to get in bu if you have a mint state 60 or better get it graded as it can jump hundreds to thousands in the upper ranges for 1 point it is rare in gem bu,Proof likes also tend to be higher.

Mint mark: S for San Francisco directly under bow on the reverse Circulation strikes: 6,250,000

1883-cc Morgan Silver Dollar: If you could only afford to have 1 Carson City go for this 1 though of course i would say to have them all. This year is not rare for Carson City however the coin does have a good track record when compared with some other years.

Circulation strikes: 1,204,000 Mint mark: CC Carson City under the bow on the reverse.

When it comes to Carson City Morgan silver Dollars You can never have too many, only %2 of all Morgan Silver Dollars came from the Carson City Mint. People collect in all different ways if you collect by year go for the 1883-cc, if you have a higher budget choose the 1883-s.

Go Here For More On the 1883 Morgan Dollar For a List of Morgan Dollar For Sale

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The design on the coin's obverse was taken from the "Walking Liberty" design by Adolph A. Weinman. The reverse was designed by John Mercanti and portrays a heraldic eagle behind a shield. As far as variety is concerned, the first significant variety of the Silver Eagle series appeared in 2008 and is known as the "2008-W Silver Eagle Reverse of 2007 Variety. As a result of the ongoing global recession, the demand from investors for precious metals as a hedge against inflation and economic downturn has surged. This increased demand began to affect the availability of American Silver Eagle bullion coins in February 2008 when sales to authorized dealers were suspended temporarily. The Seated Liberty Dollar is a coin issued by the United States government from 1840 to 1873. Its obverse and reverse were both designed by Christian Gobrecht. These seated liberty silver dollars are really a rarity in the true sense of the term. The United States Trade Dollar is a silver dollar coin that was issued by the United States Mint and minted in Philadelphia, Pennsylvania, Carson City, and San Francisco from 1873 to 1885. The coin was designed by William Barber. The Gobrecht Dollar was an American silver dollar coin that was minted in small quantities from 1836 to 1839. It is named for its designer, U.S. Mint engraver Christian Gobrecht.

The other such coins found are Flowing Hair Dollar and Drape Bust Dollar. They are a proud possession for its rareness and historical background and tradition.

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Morgan Silver Dollars

Morgan Silver Dollars have become very popular with coin collectors and are still very sought after today. They are very sturdy and have help up through many years, as investments as well as collection items. Their durability is the result of the high amount of silver that goes into each coin, over 24 grams per coin. The Morgan Dollar is worth a lot more than its original value because of the high silver content. The content of the 1889 Morgan Dollar is .900 silver and .100 copper with a total weight of 26.73 grams.

The entire collection of Morgan Dollars was minted in five city mints: Carson City, Philadelphia, New Orleans, Denver and San Francisco. The mintmark can be found on the back of the coin right below the eagle's tail feathers. Each mintmark designated which city the dollar was minted in. For instance, "CC was for Carson City, O for New Orleans, D for Denver, etc." Although all of the Morgan Dollars have more value than their face value, the 1889 Morgan Silver Dollar has the most value and is the most sought after coin in the entire Morgan Dollar series. This is partly because of its connection to the west. Carson City had the lowest mintage so Carson City coins held the most value. The Morgan Silver Dollar is widely enjoyed and sought after because of its Western lore and explicit historical design. The silver that was used in its design was from the Comstock Lode, which reminded the people of the one of the great "silver strikes" in history.

Design of the Morgan Silver Dollar

The front of the 1889 Morgan Silver Dollar has Lady Liberty facing left. Circling around her is the date of the coin (on the bottom), the words "E Pluribus Unum" above her and the thirteen stars on both sides. The design of Lady Liberty is actually the result of sketch Morgan made of Anna Willess Williams, a Philadelphia schoolteacher. When "E Pluribus Unum" was first chosen to be used, it meant "Out of many, one". The reverse side of the 1889 Morgan Silver Dollar has a bald eagle sitting on a combination of branches and arrows with its wings spread out. A wreath surrounds part of the eagle and the words "In God we trust" are right above his head. The rim of the 1889 Morgan Silver Dollar has "UNITED STATES OF AMERICA" on top and "ONE DOLLAR" on the bottom, with a star separating the two phrases. The bald eagle was not an instant hit with the public when it first came out, but they came to love this symbol.

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Collectors are attracted to the wide hues and patterns which can develop on the silver dollars over time. Coins with attractive rainbow toning can demand strong premiums above white or non toned coins.

Find a selection of available coins below, including examples graded by PCGS and NGC.

PCGS graded rainbow morgans

Best Match Items Ending First Newly-Listed Items First Price + Shipping: Lowest First Price + Shipping: Highest First

1884 O Morgan Silver Dollar PCGS MS63 RAINBOW $135.00 Time Remaining: 1h 55m Buy It Now for only: $135.00

1880 S Morgan Dollar PCGS MS64 Rainbow Toned Colorful Toning $64.00 (10 Bids) Time Remaining: 3h 23m

1890 Morgan Silver Dollar PCGS MS64 Rare Teal Rainbow Tone Coin $235.00 Time Remaining: 3h 34m Buy It Now for only: $235.00

1883 O PCGS MS63 Morgan Silver Dollar Light rainbow toning $49.88 (10 Bids) Time Remaining: 3h 35m

1881 S MORGAN SILVER DOLLAR PCGS MS 65 RAINBOW OGH $149.16 (7 Bids) Time Remaining: 4h 55m

1880 P Morgan Dollar PCGS MS64 including TrueView Image Rainbow Toning Toned $102.50 (6 Bids) Time Remaining: 5h 7m

PCGS RAINBOW MS 64OGH 1881 CC SILVER MORGAN DOLLAR SCARCE DISCOUNTED C5059 $585.95 Time Remaining: 6h 46m

1885 MORGAN DOLLAR SILVER COIN PCGS MS63 RAINBOW TONED $397.00 Time Remaining: 7h 7m Buy It Now for only: $397.00

1882 MORGAN DOLLAR SILVER COIN PCGS MS63 RAINBOW TONED $397.00 Time Remaining: 7h 7m Buy It Now for only: $397.00

1883 O Morgan Silver Dollar PCGS MS62 RAINBOW Tone $345.00 Time Remaining: 14h 13m Buy It Now for only: $345.00

1887 Morgan Silver Dollar PCGS MS61 RAINBOW Coin $185.00 Time Remaining: 14h 29m Buy It Now for only: $185.00

BEAUTIFUL MS68 PCGS 1881 S Morgan Dollar Rainbow Rim Target Toning $5,700.00 Time Remaining: 18h 13m Buy It Now for only: $6,300.00

1878 7 8 TF STRONG Morgan Silver Dollar PCGS MS63 Rainbow VAM 38 $339.00 Time Remaining: 20h 19m Buy It Now for only: $339.00

1885 MORGAN DOLLAR MS64 PCGS Exceptional Rainbow Toning $397.00 Time Remaining: 20h 20m Buy It Now for only: $397.00

VV 1880 S Morgan Dollar PCGS Certified MS 64 w Cresent Rainbow Toning $61.05 (4 Bids) Time Remaining: 23h 54m

1887 MS63 MORGAN SILVER DOLLAR PCGS Rainbow Toning $18.09 (11 Bids) Time Remaining: 1d 13m

1884 O Morgan Silver Dollar PCGS MS62 RAINBOW $245.00 Time Remaining: 1d 13m Buy It Now for only: $245.00

1887 Morgan Silver Dollar PCGS MS64 RAINBOW Coin $285.00 Time Remaining: 1d 44m Buy It Now for only: $285.00

1883 O Morgan Silver Dollar PCGS MS63 RAINBOW Tone $335.00 Time Remaining: 1d 1h 33m Buy It Now for only: $335.00

1885 O Rainbow Toned Obverse Reverse PCGS Certified MS 64 Morgan Silver Dollar $129.50 Time Remaining: 1d 2h 9m Buy It Now for only: $129.50

« Previous12345Next »

NGC graded rainbow morgans

Best Match Items Ending First Newly-Listed Items First Price + Shipping: Lowest First Price + Shipping: Highest First

1902 MORGAN DOLLAR 1 MS 64 NGC MULTI RAINBOW COLOR $155.00 Time Remaining: 2h 18m Buy It Now for only: $155.00

1884 O MORGAN SILVER DOLLAR NGC MS61 RAINBOW AND MIRROR FIELDS $55.00 Time Remaining: 2h 59m

1883 O MORGAN SILVER DOLLAR NGC MS65 RAINBOW SHARPESS+ $325.00 Time Remaining: 3h 29m Buy It Now for only: $325.00

1882 Morgan Silver Dollar NGC MS 64 Rainbow Reverse Bright White $109.99 Time Remaining: 4h 41m Buy It Now for only: $120.99

1888 Morgan Silver Dollar NGC MS61 RAINBOW Tone $285.00 Time Remaining: 8h 16m Buy It Now for only: $285.00

1881 P Morgan Silver Dollar NGC MS62 RAINBOW $165.00 Time Remaining: 8h 37m Buy It Now for only: $165.00

1887 Morgan Silver Dollar NGC MS61 RAINBOW Tone Coin $245.00 Time Remaining: 12h 43m Buy It Now for only: $245.00

1888 MORGAN DOLLAR 1 MINT ERROR MS 65 NGC OBV STRUCK THRU RAINBOW MULTI COLOR $245.00 Time Remaining: 19h 6m Buy It Now for only: $245.00

1921 D TOP BU MORGAN DOLLAR VAM 1I Die Break N United NGC MS63 RAINBOW TONED $199.00 Time Remaining: 1d 1h 55m

1885 O Dual sided RAINBOW TONED Morgan Silver Dollar NGC MS63 Blue Green Red $149.00 Time Remaining: 1d 2h 48m Buy It Now for only: $169.00

1898 o NGC UNC Detail Obverse Scratched Banded Rainbow Toned Morgan Dollar $67.89 (11 Bids) Time Remaining: 1d 3h 13m

1887 NGC MS63 Star Rainbow Toned Morgan Dollar N R $179.50 (15 Bids) Time Remaining: 1d 3h 20m

1884 o NGC MS64 Wild Rainbow Toned Morgan Dollar N R $240.50 (15 Bids) Time Remaining: 1d 3h 22m

1904 o NGC MS64 Rainbow Toned Morgan Dollar N R $250.00 (14 Bids) Time Remaining: 1d 3h 25m

1883 Rainbow MS64 NGC Morgan Silver Dollar 1 Uncirculated US Silver $149.99 Time Remaining: 1d 3h 38m Buy It Now for only: $149.99

1884 S Morgan Silver Dollar Certified NGC AU50 Reverse Color Toning Rainbow $399.00 Time Remaining: 1d 3h 43m

1881 S Morgan Silver Dollar NGC MS62 Rainbow Tone Star Coin $285.00 Time Remaining: 1d 7h 27m Buy It Now for only: $285.00

1890 Morgan Silver Dollar NGC MS62 Blueberry Rainbow Toned Coin $125.00 Time Remaining: 1d 8h 8m Buy It Now for only: $125.00

1881 S Morgan Silver Dollar NGC MS63 Star Rainbow Tone $245.00 Time Remaining: 1d 11h 17m Buy It Now for only: $245.00

1881 S NGC MS64 BRILLIANT RAINBOW TONED MORGAN Silver Dollar $289.95 Time Remaining: 1d 11h 48m Buy It Now for only: $289.95

« Previous12345Next »

Here are some of the most admired rainbow morgan dollars:

1880-S, PCGS MS68, described as having an intensely toned blue, pink and gold obverse and a rainbow toned reverse.
Exquisitely-toned 1881-S Morgan, PCGS MS68
1885-CC, PCGS MS66, 100 percent rainbow toned obverse with the weave pattern of the burlap mint bag in which it was stored for decades.
1885-O, PCGS MS67, superb gem classic with banded rainbow toning.
1886, PCGS MS66, an extraordinary dollar from the famed "Battle Creek" group of original bag-toned silver dollars.

During the 1950's through the early 1970's and possibly even later than that, untold numbers of these beautiful coins were dipped white by dealers because toning was considered undesirable thus reducing the number of beautiful and unique examples out there. These are true rarities with beauty that goes far beyond the numismatic heritage of the Morgan Dollar.

For those who have just one spot in their set reserved for that unbelievable coin they will cherish and never sell, monster toned Morgan dollars typically are the ones that the collector keeps after selling everything else.

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The most common Morgan Dollar for this year is from the Philadelphia mint which have no mint mark. Now if it is in exceptional condition, mint state 65 or above it can be worth quite a bit. Look at the high points of the coin like the eagle feathers you want to see a high luster and no signs of wear.

Some facts about the 1879 Morgan Silver Dollar mintage
Circulation strikes: 14,806,000
Proofs: 1,100
Mint mark: none

Next we go to the 1879-S:Unless you have this coin in a brilliant uncirculated condition the value may be at $40 or less. If you think you have this coin in a very high condition mint state 65 get it graded A rare 1879-S has a flat-breasted reverse like early 1878 varieties. This Reverse of 1878 variety is rare in Uncirculated condition, very rare in Proof like.

Some facts about the 1879-S
Circulation strikes: 9,110,000
Mint mark: "S" for San Francisco

Check our collection of 1879 S morgan dollars by clicking here...

Next we look at the 1879-o New Orleans Mostly the same as above most of New Orleans had a weak strike so if have a coin with rich detail that will go for more. If you plan on selling this coin in a high grade then it is best to get it grade by either NGC or PCGS.

Details on the 1879-O
Circulation strikes: 2,887,000
Proofs:12
Mint mark: "O" New Orleans.

Check our collection of 1879 O morgan dollars by clicking here...

Saved The Best for last if your a collector i am sure you know what's coming.

1879 Carson City "CC" Carson City Morgan Silver Dollars are always sought after with good reason less than 2% of all Morgan Dollars came from the famed "CC" mint. If you are lucky enough to have this coin get it graded in any condition. One point in mint state can go from hundreds to thousands in the higher mint states. Can be $3,500 to $20,000 or more

Check our collection of 1879 CC morgan dollars by clicking here...

Some details on the 1879-CC Circulation strikes: 756,000 "CC" for Carson City under bow on the reverse. The mint mark may be heavily rusted; these are known as the Capped Die variety. On these coins, the mint mark appears to be a large CC over a small CC. Some Collectors do look for these goes for about same price.

So now you know what some of your coins may be worth, on any coin you want look for signs of wear. You want those crisp details on Silver Dollars you may see a rainbow effect that is known as toning and does not affect the value.

Condition of your coins is always a factor the better the condition of your coins the more they are generally worth. Remember old coins do not always spell value they are a number of factors you need to take into account.

The market for the coin, is it something people are looking for there are many old coins that dont sell for more the $20 and in strong markets like Silver Dollars you looks at things like the number minted how many survive today and quality.

The sooner you begin collecting your 1879 Morgan Silver Dollar the better to start your collection click here Morgan Silver Dollars For Sale

Article Source: http://EzineArticles.com/?expert=Don_Franko
Article Source: http://EzineArticles.com/4575346

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• 1880 Morgan Silver Dollar
  1880 Morgan Silver Dollar was minted at 4 mints that year. Many people like to know what is the value of an 1880 Morgan Silver dollar. To really know what your coin is worth you need to know some facts about it. Mint State: Coins are graded on a n...
• History of the Morgan Silver Dollar
  Morgan silver dollar was minted in an attempt to keep the price of silver stabilized after an enormous silver strike in Colorado caused a sudden crash in the price of silver. This dollar was minted from 1878 through 1904, then stopped because silver ...
• 1888 Morgan Dollar – What Is The 1888 Silver Dollar Coin Value?
  So named because of its designer George T. Morgan, the Morgan silver dollar is one of the most collected silver coins that the United States Mint produced. This silver coin can be used as a great investment piece or can be a part of your prized US co...
• 1889 Morgan Silver Dollar
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• Morgan Silver Dollars – What Are the Key Dates?
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  The 1882 Morgan Silver Dollar was minted at 4 US Mints just like the 1881 Morgan Silver Dollar. A lot people want to know how much a 1882 Morgan Silver Dollar is worth today. To Answer that question lets look at the different mints. As am sure you...
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The Morgan Silver Dollar was first minted in 1878 in Philadelphia, Carson City, New Orleans, and Denver in 1921. It was named and designed by George T. Morgan. It features a portrait of Lady Liberty on the front and an eagle on the reverse. Unlike the coins in circulation today the Morgan silver dollar was comprised of 90% silver and so held intrinsic value.

The price of silver has increased in monetary terms by over 3 fold in recent years so the bullion content of this coin itself is an investment. However the true value of these coins can be found in key date coins that are rarer and worth far more than their weight in silver. For example coins minted by the Carson City mint in the years 1878 through to 1892 can fetch thousands of dollars if the coin is of a high grade.

If you own a Morgan silver dollar how do you know how much your coin is worth and whether it is from a key date. The date and where the coin was minted can be found on the reverse of the coin, underneath the eagle. For example a coin minted by the New Orleans Mint will have the initial O and a coin minted by the Carson City Mint will have the initials CC and S for the San Francisco Mint.

To find out how much your coin is worth you should purchase a reliable book on old American coins. A book I suggest is the Official Red Book Guide to United States Coins, by R.S. Yeoman which lists all the key date coins and the values for each grade. You could also search eBay auctions for the same coin and grade and see how much it is being sold for.

Generally speaking Morgan silver dollars minted on specific dates tend to appreciate in value the greatest. These are referred to as Key Dates. They Key date coins are the following - 1878CC through to 1892CC are all key date coins. Others include 1886S, 1888S, 1892S, 1893, 1893O, 1893S*, 1894*, 1895**, 1895O, 1895S, 1896S, 1903O, 1903S, 1904S. You should realize that these coins can be worth several thousands of dollars in uncirculated condition where as a coin from any of these key dates that is only of a Fine grade is unlikely to be worth more than $100. This serves as a reminder of the importance of grading a coin correctly and the extent to which the grade or condition of a coin affects its value.

There are thousands of Morgan dollars for sale on eBay. They vary dramatically depending on their date and grade. Don't get ripped off - check out the author's site and find out how much you should pay.

Article Source: http://EzineArticles.com/?expert=Simon_Ashley

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Mint State: Coins are graded on a numeric basis where 1 is the lowest and 70 is the highest with Morgan Dollars you will not see a 70 as the just did not have the technology we have today.

What you want to see on the coin is no signs of wear, the word liberty on the crown should be sharp as well as the eagle's breast and tail feathers.

1880 Philadelphia Silver Dollar:If your coin is under a mint state 60 the value of your Morgan Silver Dollar is less than $50 Varieties include 8 over 7 over-dates which show a 7 beneath the second 8 of the date. A pr69 did sell for more than $50,000

Mintages: Circulation strikes: 12,600,000 Proofs: 1,355 mint mark: None (Philadelphia)

Explore available 1880 Morgans by clicking here...

1880-S Morgan Silver Dollar: Morgan Dollars from the San Francisco mint are known for being struck well and visually appealing as they cleaned the dies more often. As far as what the coin is worth you want to have this coin in a "ms" 64 or above Two rare over-dates include one with a 7 under the second 8 of the date and 1 more with a 9 under the 0.

Details: Circulation strikes: 8,900,000 Mint mark: "S" for San Francisco just under the bow on the reverse

Explore available 1880 S Morgans by clicking here...

1880-O Morgan SILVER DOLLAR:Unlike San Francisco, Many New Orleans had poor striking quality, so if you can fine a high quality "DMPL" they will bring more Deep Mirror Proof likes are very scarce and Gem examples are extremely rare. If you believe you have a coin with a high grade get it graded.

Mintage: Circulation strikes: 5,305,000 Mint mark: "O" for New Orleans, beneath the bow on the reverse

Explore available 1880 O Morgans by clicking here...

Now if you collect Morgan Dollars I Don't have to tell you what is next.

The 1880-CC Morgan Silver Dollar:scarce in Uncirculated condition, but still obtainable if you do plan on selling this coin you probably should get it graded you never know you may have a mint state 65 if not still worth a few hundred remember the higher the grade the more it is worth.

The 1880-CC Morgan Silver Dollar also had a few varieties 1880-CC, Second 8 over a high 7 (rare)

1880-CC, Second 8 over 7, Reverse of 1878 (very rare) 1880-CC, Second 8 over a low 7 (rare)

1880 over 79-CC, Reverse of 1878

Mintage: Circulation strikes: 591,000 Mint Mark: "CC" for Carson City, beneath the bow on the reverse

Explore available 1880 CC Morgans by clicking here...

OK that covers 1880 Silver Dollars if you would like to know more please feel free to send me an email. Morgan Dollars have a rich history and a great track record if you know what coins to collect you can do very well. You never know many coins have out paced stocks, no surprise today.

If you have some coins left to by family take some time and learn a little about collecting, and pass these down to your kids, after all I am sure you wish your parents or grandparents left you some Carson City coins, right?

Get your coin portfolio started with a 1880 Morgan Silver Dollar for more on Silver Dollars check Morgan Silver Dollars for sale

Article Source: http://EzineArticles.com/?expert=Don_Franko

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The Morgan Silver Dollar was first minted in 1878 in Philadelphia, Carson City, New Orleans, and Denver in 1921. It was named and designed by George T. Morgan. It features a portrait of Lady Liberty on the front and an eagle on the reverse. Unlike the coins in circulation today the Morgan silver dollar was comprised of 90% silver and so held intrinsic value.

The price of silver has increased in monetary terms by over 3 fold in recent years so the bullion content of this coin itself is an investment. However the true value of these coins can be found in key date coins that are rarer and worth far more than their weight in silver. For example coins minted by the Carson City mint in the years 1878 through to 1892 can fetch thousands of dollars if the coin is of a high grade.

If you own a Morgan silver dollar how do you know how much your coin is worth and whether it is from a key date. The date and where the coin was minted can be found on the reverse of the coin, underneath the eagle. For example a coin minted by the New Orleans Mint will have the initial O and a coin minted by the Carson City Mint will have the initials CC and S for the San Francisco Mint.

To find out how much your coin is worth you should purchase a reliable book on old American coins. A book I suggest is the Official Red Book Guide to United States Coins, by R.S. Yeoman which lists all the key date coins and the values for each grade. You could also search eBay auctions for the same coin and grade and see how much it is being sold for.

Generally speaking Morgan silver dollars minted on specific dates tend to appreciate in value the greatest. These are referred to as Key Dates. They Key date coins are the following - 1878CC through to 1892CC are all key date coins. Others include 1886S, 1888S, 1892S, 1893, 1893O, 1893S*, 1894*, 1895**, 1895O, 1895S, 1896S, 1903O, 1903S, 1904S. You should realize that these coins can be worth several thousands of dollars in uncirculated condition where as a coin from any of these key dates that is only of a Fine grade is unlikely to be worth more than $100. This serves as a reminder of the importance of grading a coin correctly and the extent to which the grade or condition of a coin affects its value.

There are thousands of Morgan dollars for sale on eBay. They vary dramatically depending on their date and grade. Don't get ripped off - check out the author's site and find out how much you should pay.

Article Source: http://EzineArticles.com/?expert=Simon_Ashley

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To Answer that question lets look at the different mints. As am sure you know even if your not a Silver Dollar collector condition is important.

1882 Philadelphia: Look for this coin to be at least Brilliant uncirculated, coins under that are not going to fetch much if you feel you have a great example maybe a proof like quality coin get it graded or if you think it may be above a mint state 65. Always grade your coins by NGC, PCGS or ANACS.

If you are lucky enough to have a real proof as you may already know it is pretty scarce depending on condition differences of thousands of dollars.

Circulation strikes: 11,100,000 Proofs:1,100 Mint mark: None Philadelphia

1882-o Silver Morgan Dollar: Look to have this coin in brilliant uncirculated as well gets harder to find in mint state 65 or above if you a deep mirror proof like have it graded.

A rare variety of the 1882-o in brilliant uncirculated is the o over the s o/s the O is sometimes seen punched over a prior S.

Circulation strikes: 6,090,000 Mint mark:O New Orleans under bow on the reverse

1882-s Morgan Silver Dollar: Unless you have this coin in ms 65 or better no real need to have it graded. The only real rare ones would be a deep mirror proof like Still a beautiful example of the San Francisco minting coin should have nice strike and luster.

Mint mark: "S" San Francisco under the bow on the reverse

Circulation strikes:9,250,000

1882 Carson City Morgan Silver Dollar: Try to have this coin in Brilliant uncirculated condition having it in almost uncirculated or below falls off by $100. This year is a little more common from Carson City however still an important coin for your collection. Proof likes will be tougher to find an exceptional coin would be in mint state 66 or 67.

Mint mark: Carson City beneath bow on reverse Circulation strikes:1,133,000

Depending on what you are doing with your portfolio for this year if you have the funds available add proofs to your collection as they tend to rise higher and faster. Carson City always makes a great addition, the 1883 Morgan Silver Dollar Carson City has a little better track record.

For more on the 1882 Morgan Silver Dollar Go here for a list of Morgan Dollars.

Article Source: http://EzineArticles.com/?expert=Don_Franko

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A lot of people are familiar with bullion coins and bars, and you see them offered on TV or on websites, but the sheer number of these products may cause even the experienced investor to pause. They are similar in nature, they move up or down directly with the price of gold, silver, or platinum on a daily basis. And, their buy and sell prices are easy to comprehend.

They are precious metals and as such are measured by the Troy ounce, as compared to your bathroom or postal scale weight which is called Avoirdupois. For the record 14.58 troy ounces = 16 postal scale ounces. The Troy ounce is approximately 10% heavier than the Avoirdupois weight. These bullion products move directly with the New York Commodity Exchange, which opens for trading at 5:30 AM and closes at 10:30 AM California time. After the Comex (Commodity Exchange) closes the price of these coins usually remain fized until the beginning of the next trading day. However there is an aftermarket which may cause quote changes.

A definition of bullion coin: one in which there is little premium above the content or weight value of the coin. You are buying only the commodity itself. Coins like this will increase in value if world markets go up and will decrease in value if world markets go down. This happens because bullion manufacturers produce large numbers of them each year, and eliminates the idea of these coins being rare in any sense, this is not the same for government issue bullion coins.

So what is the difference in a bullion gold coin and a bar of bullion? In the early days of bullion trading the bars was popular. People became interested in owning gold so trading volume increased dramatically which sometimes led to problems with bars in general. They were produced by private companies, so at times it was difficult to know the exact weight and purity. This led to confusion and didn't encourage investor participation.

Governments then decided to produce bullion coins. Producing a bullion coin to replace the bar was more desirable because international standards were developed and coins were uniformly produced. This opened the way to buy and sell bullion again. And because large numbers of coins were produced the premium was the same for bullion coins as it was with bullion bars.

Today gold bars are also popular and safe because private manufacturers standardize production and create a polished look which the general public has confidence in.

Legal Tender Silver Bullion Coins for the Collector or Investor

The $1000USD Face 90% Silver Bag: A desired way of owning silver bullion is in the form of $1000USD face value silver coins struck in 1964 or before. They weigh about 54 pounds and are sometimes referred to as "junk" silver bags which is misleading. This derogatory name was developed in the 1970's, and was used to describe a bag of average circulated silver coins that did not contain anything that was rare. These bags contained $1000USD face value so if half dollars were used there would be 2,000 coins, if the bag contained quarters the count would be 4,000 coins, if it contained dimes there would be 10,000 coins, and so on. If you were to melt them they would contain about 715 oz. of pure silver. All silver coins struck in 1964 or earlier are 90% pure, so bags will move up or down with the daily price of silver. For convenience some sources provide bags in two smaller units of $500 face value each, which makes it easier to handle and store.

The private investor should be aware these old silver coins are no longer being produced. That means if demand increases because of rarity the price over their normal silver value could be in play. Premium pricing also develop because survivalists, who want only U.S. silver coins for barter, insist on this form of silver bullion. The premium on 90% silver bags can vary from a negative (trading for less than content) to a positive and price to as much as 30% over their actual silver weight.

The difference between buy and sell is fairly constant and there are investors who buy bags when premiums are cheap or negative and trade them when premiums increase substantially. Keep in mind that dealers are required by law to report the sale of $1000USD face value 90% bags on an I.R.S. Form 1099B. Smaller quantities of 90% bags are not reportable.

The $1000USD Bag Of Silver Dollars: This investment in Silver is not exactly a bullion investment, and it's not a rare coin investment either. Circulated silver dollars struck between 1878 and 1935 carry higher premiums, but they are a prime source of legal tender silver coins because they are so recognizable. The early silver dollars are divided into two price categories. The more expensive being the Morgan dollars struck between 1878 and 1904 and the Peace dollars struck between 1921 and 1935.

The Peace dollar which are less expensive are quoted by the bag. Most of these coins are always in average condition and graded VG (Very Good). A Morgan dollar bag and finer quality coins are at slightly higher prices, so it pays to ask questions before placing an order with your dealer. This option is popular because silver dollar bags represent real, portable wealth, and have for over 100 years.

The 40% Silver Bag: The last silver coin the United States that was made for general circulation was the 40% silver clad 50¢ struck from 1965 through 1969. This is another popular way to own silver bullion in legal tender form. Like circulated 90% pure coins these $1000USD face value bags are traded for content. Because they are 40% pure a bag contains substantially less silver (296 troy oz.) which is generally reflected in a lower selling price.

The investor or collector has a number of advantages with this purchase. First these are real U.S. coins and are legal tender of our nation (U.S.A.). In a fiscal emergency this could be a significant. Second, the bag has a high face value, $1000USD which limits the loss should silver move lower. This is seen in a down market as premiums almost always move higher. And finally, unlike 90% silver bags, a dealer is not required to fill out I.R.S. Form 1099B on the 40% bags when you sell.

The 100 oz. Silver Bar: This is another great way to own bullion silver by imvesting in the 100 troy oz. bar which is .999 fine. Keep in mind that not all bars may be equal. Some 100 oz. bars are better than others, a detail many bullion dealers neglect to mention especially if they are not delivering the very finest available. The two most accepted 100 oz. bars are produced by J.M., and Engelhard. Other 100 oz. bars can trade at a discount so the J.M., or Engelhard are the better value. They don't cost any more to purchase, but will fetch more when you sell them. They weigh 6.8 pounds and will fit into a small safe deposit box. Your dealer will be required to report a sale of 100 oz. bars when you sell 10 or more.

The 1oz. & 10oz. Bar: Equally popular are these .999 fine smaller units. In any case these two so called "generic" rounds or bars are traded worldwide and can be bought or sold in any quantity. They do cost slightly more than 100 oz. bars but are easier to handle. The 1 ounce silver piece is produced in the shape of a coin because they easily store in plastic tubes, and that is where the name 1 oz. silver rounds comes from.

The U.S. Silver Eagle: The U.S. Silver Eagle has been produced by the United States Mint since 1986. It contains 1 oz. of pure silver, and actually represents $1 in legal U.S. currency. The Mint produces these coins each year and their price fluctuates directly with the silver market.

Jude Sutton is the Wylie Texas Community Partner at Cagora.com

http://wylie.cagora.com/overview/intro

You can also visit David Morgan at http://Silver-Investor.com

Article Source: http://EzineArticles.com/?expert=Jude_Sutton

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In the late 19th century, a silver dollar known as the Morgan dollar was put into use. This characterizes of an eagle on one side and the face of Miss Liberty on the other side. Due to the weedy looks of the eagle in the coin, it is sometimes referred to as the "buzzard dollar". The production of Morgan dollar coins stopped in 1921, but even now they are worth collecting.

Some people like to trade their coins for others. Hobbyists like themselves may own a certain coin that is needed to fit a specific collection, so they will turn to these fellow coin collectors and offer one of their own unique coins. To trade dollar coins, you will have to have a fairly rare coin yourself. Most coin collectors have many dollar coins and will trade a coin they have a duplicate of, so as not to lose the coin for their collection.

Silver dollar coins can be quite striking. The coins which are made of almost pure silver are more valuable and more attractive than the coins that are made of copper. At various times, the United States Government issues limited edition commemorative silver dollar coins. These coins are and rare and collectors often set aside a few of them to trade or add to their collections.

A coins value increases the older and rarer it is. If you have an extremely rare coin, it does not matter what condition it is in. The condition of a coin will matter more if it is less rare, and the better it looks, the more money it will bring in. A Morgan Dollar that is in Brilliant Uncirculated condition commands a lot of money because it is both a rare coin and in perfect condition.

If you are thinking about starting to collect and trade silver dollar coins, it's best to do in-depth research before doing anything else. After all, the more knowledge you have about coins, the more prudent you will be in buying and trading them.

Collecting silver dollar coins is a popular hobby shared by many. Circulated between the late 19th century and 1921, morgan dollar coins are sought after due to their rarity. The United States issues commemorative coins for limited periods, increasing their value. Many people trade dollar coins in order to get better coins. Older and rarer coins are worth more, also if it has not been in circulation or is in mint condition it will be very valuable. Conducting research into which coins you are thinking about collecting can help you manage your collection more effectively and gain the coins you wish to collect.

Article Source: http://EzineArticles.com/?expert=Menachem_Green

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Rich in American history and beautiful to behold, silver dollars have long been prized as highly collectible by coin collectors and history buffs alike. Perhaps no other coin is so prized among collectors as the Morgan silver dollar. Designed by George T. Morgan, the Morgan silver dollar is mired in conspiracy.

Morgan became the designer of the coin because of a contest held by Henry P. Linderman, director of the Philadelphia mint. It was later revealed that the contest was staged because Linderman was unhappy with the designs for the dollar by the Chief Engraver. By staging the contest, Linderman was able to help design the dollar himself. The bald eagle and the head of Liberty was actually Linderman’s idea – designed by Morgan.

Controversy arose when it was discovered after the die was cast that the bald eagle on the reverse side of the Morgan dollar had eight tail feathers rather than the seven on an actual bald eagle.

It’s no wonder that the silver dollar is a jewel among coins – with a history as rich as America herself and beauty that’s unrivaled among coins.

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When minting was low the Morgan dollar is valued highly, but other factors – like its condition – also determine what you’ll pay. Key date coins are especially difficult to find because only a few were minted during a certain time or because there may have been an error during production.

Coins may be graded by numbers, such as 1 through 70, 70 being the best condition possible for a coin and 1 being a damaged coin.

Look at photos of the coin if you’re thinking of buying online. Also take into consideration its rating. But beware that a seller may grade a coin too high because they’re inexperienced or want a higher price for the coin.

A Morgan dollar may be graded low because of the following conditions:

Details are worn, but the date is readable.

The words etched on the coin are worn into the edge, but still readable.

Some details of the coin (such as Liberty’s hair) are worn, but others are clear.

A Morgan dollar is rated good to high when the following conditions are met:

The coin is worn, but the main design is prominent.

Some original mint luster is visible on a highly rated coin.

It’s fun to search for a Morgan dollar treasure and you’ll know that you got your money’s worth when you know how they’re graded.

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Morgan silver dollars have gained in value over the years and that trend is expected to continue. The Carson City Morgans are highly collectible because the last cache of those minted has all been distributed and because lovers of American west history desire them – not only for their dollar value, but for what they represent.

You can purchase some Morgan dollars for several hundred dollars if they’re in extra fine shape. If the dollar is uncirculated, it can be worth several thousand dollars, depending on which year the coin was minted. The actual value of the Morgan coins depends on the condition they’re in, based on the criteria that the coins be clean and certified by a reputable grading service.

Morgan silver dollars are adorned with some of the most beautiful engravings in coinage history, including the 1878 Morgan dollar designed by George T. Morgan. The obverse (front) side features the profile of Lady Liberty and the reverse side displays an eagle, wings outspread, holding arrows and an olive branch.

Many of the Morgan silver dollars were squirreled away by the government in the past, but they’ve been making a comeback in recent years with numismatics and history lovers alike.

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Some Morgan dollars are graded DMPL (Deep Mirror Proof Like), designating that their legends and devices appear frosted (or mirrored). The level of a coin’s DMPL is rated from light to dark and are worth much more than their non-reflective counterparts.

Some Morgan silver dollars are more rare and valuable than others because there were very few minted. The 1889 Morgan CC (Carson City) is one of the rarest, with only 350,000 minted. 100,000 1893 Morgan Ss were minted in San Francisco -- and the rarest is the 1895 P (Proof) Morgan worth around $65,000.

Morgan silver dollars are also classified by varieties (VAMs) of dies used in minting them. VAM stands for the research of Van Allen and Mallis who researched Morgans minted from 1878 to 1904, 1921 and those minted from 1921 to 1935. They discovered about 6,000 VAMs.

These VAMs made during the minting of the Morgan dollars make them rarer than others. The 1878-P: 7/8 Tail Feathers, VAM-44 is the rarest with the 1879-CC: Clear CC following.

You can look up the value of Morgan silver dollars in The Red Book (A Guide Book of United States Coins). Published every year, the Red Book is used by coin collectors to evaluate a coin’s retail value and lists the value of United States coins in circulation, plus commemorative and other significant coins.

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  It’s easy to see why Morgan silver dollars are among the most popular with coin collectors – and also why they’re some of the most valued. Their story blends with some of the most tumultuous times in western American history and Morgan silver dollars...

Thomas Jefferson first proposed minting a silver dollar coin in 1785 and when Treasury Secretary, Alexander Hamilton, projected a monetary system for the emerging United States of America, they began producing the coins, including the Flowing Hair silver dollar in 1794.

Silver dollars were minted in varying degrees of silver content until silver became scarce. When the incredible riches of Nevada’s Comstock Lode were discovered in the late 1850s, silver prices plummeted and the Treasury Department was required by Congress to begin producing silver coins. The Trade Dollar was minted in Philadelphia, Pennsylvania specifically to improve trade with the Orient – mainly China.

The Morgan silver dollar was designed by George T. Morgan and minted from 1878 until 1904, then ceased because of the huge amount of dollars in circulation and silver bullion again became scarce. Then, in 1921, the Morgan silver dollar was minted again, but only for the year. Silver prices skyrocketed after 1921, and Morgan dollars were melted for their content of silver bullion.

Carson City Morgan dollars were discovered at the Carson City Mint where they were produced in the 1800s. They were ultimately sold by the federal government to coin collectors in the 1970s and are some of the most prized in coin collecting.

The history of silver dollars in America is fascinating and has produced a huge following of collectors.

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The Carson City silver dollars look the same as the Morgan dollars, with the face of Liberty and an eagle on the reverse side, but also display the double C mint mark on the reverse side. This fact makes it extremely valuable to collectors.

Millions of Carson City silver dollars were minted during certain years, but in other years only a few thousands were minted. As a result, Carson City silver dollars total less than one per cent of the total number of American silver dollars that were minted before and after them.

All Carson City Morgans are considered very collectible, but among the most valuable of these is the 1885 Morgan CC. During this year, very few of these silver dollars were minted. The Carson City mint was officially closed in 1893.

Meanwhile, the numismatic hobby was growing by leaps and bounds. Then, in the late 1930s a few coin dealers discovered that there were uncirculated Carson City silver dollars worth $5.00 each in Washington D.C.’s Treasury Department. Naturally, the dealers began to take advantage of the opportunity.

New interest in Carson City Morgans began in 1972 when the General Services Administration began to distribute them in mail-bids. This continued until1980, when the entire cache of CC dollars was gone.

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Carson City, Nevada – a true Wild West town -- utilized the silver strike of 1859 to mint CC Morgan dollars. Like other Morgan dollars, the CC Morgans display the face of Liberty on the front and an eagle on its reverse side. Also on the reverse side is the double C (Carson City) mark which sets it apart from other Morgan dollars.

Be sure to consider the following tips before you purchase a CC Morgan silver dollar:

Carson City Morgans should be evaluated carefully before purchasing to be sure it isn’t a fake.

Purchase CC Morgans from a reputable dealer. Some online coin auctions are trustworthy, but be sure you do your homework before you buy.

Take into account the CC Morgan’s condition before you purchase it. Even though the coin may be listed as rare, its condition may reduce the value.

Find out how many CC Morgans of the type you’re considering are uncirculated. Sometimes an uncirculated grading doesn’t warrant an increased price.

During some years millions of CC Morgans were minted, while in other years only a few hundred thousand were minted – making some rarer than others.

CC Morgan silver dollars are considered among the most collectible of coins and adding them to your collection should be considered a privilege.

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This is an unofficial term used in the United States and Canada. Junk silver is not scrap silver. These coins can still be spent in the US and Canadian markets for the value stamped on the coin. However, coin collectors call them “junk” because they have little numismatic, or trading, value.

The Mercury and Roosevelt dimes, the Washington quarters, and the Franklin and Kennedy half dollars are the most popular US coins collected for junk silver. These coins, minted before 1964, contain 90% silver composition, with 0.7 troy ounces of silver per each dollar of face value. Kennedy half-dollars minted from 1965 to 1970 contain 40% silver composition, so they are collected but are not as popular. The Peace Dollar (minted from 1921 to 1928, then again in 1934 and 1935) is also collected for its silver value, which is high at a little over 90%. However, these are more rare and may have collectible value beyond the value of the silver.

Circulated Canadian coins - dollars, half dollars, dimes and quarters - may also be sought for their silver value. These coins minted before 1966 contained 80% silver. In 1967, they transitioned to 50% silver by minting both 50% and 80% coins, but by 1968, they were all 50%.

While not as common as in the past, many junk silver coins are still in circulation in the United States and Canada. People wishing to collect junk silver can purchase these coins for a small premium over the price of silver at the current time. Especially during periods when the economy is stable, this has become an affordable way to invest in silver at levels below bullion prices. Because these coins are legal tender, they will never fall below their face value, regardless of how low silver may fall. The current values for the coins listed above range from $.90 to around $11 US. The Morgan Dollar and the Peace Dollar have the highest value, and the Mercury and Roosevelt dimes have the lowest.

Junk silver coins have become a popular collectible among survivalist. These individuals have speculated that a disaster or crisis will eventually occur which will render the paper currency worthless and that silver will be the currency of choice because of its inherent value.

Find coin dealers at CoinDealerDepot.com.

Article Source: http://EzineArticles.com/?expert=Alberto_Evans

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Attention to Detail

It's unclear whether the fault lies with Morgan's design or with the maker of the die
used to strike the coin, but production began in 1878 with the bald eagle having eight tail
feathers. Someone informed the mint that a bald eagle actually has seven tail
feathers, not eight as depicted on the coin. Upon hearing this, Linderman ordered that the
die be changed so that the eagle had the correct amount of tail feathers.

Some of the coins which had just been struck with the eight-tail-feather design were sent
back to be struck again using the new die. However, the new die did not totally cover the
old eight-tail design. The old design shows through to varying degrees on the coins. Some
show around three to seven tips of the eagles tail feathers underneath the new design. Some
of the rarer - and more valuable - coins have a doubled "LIBERTY" marking and doubled
eagle's legs.

If you can find a seven-over-eight (7/8F) Morgan dollar, keep in safe, it is worth
something! The more tail feathers that are visible underneath the "over-stamp", the better.

Check our collection of seven-over-eight (7/8F) Morgan dollar here...

However, more and more collectors are snatching these coins up so they are becoming an
increasingly rare find. A valuable coin with an interesting history.

Buy Morgan dollars, PCGS coins, and gold coins, at http://www.MorganDollarsOnline.com and buy a piece of history.

Article Source: http://EzineArticles.com/?expert=Ryan_Konecky

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• Silver Dollar Coins – Prized Collectibles
  Lots of folks enjoy accumulating and exchanging silver dollar coins as a pastime. Now is it less common to see these silver coins at all so it is a thrill to come across one. Unfortunately, not everyone recognizes rarity and seeing only the denominat...
• Silver Dollar – A Jewel Among Coins
  It wasn’t long ago when a silver dollar in your change meant that you’d remove it from your pocket and squirrel it away among your treasures. It’s easy to see why -- silver dollars stand out from ordinary coins that we receive every day in our change...
• Know the Grading System for Morgan Dollars
  The grading system for silver dollars helps you find the Morgan dollar to complete or begin your collection. All coin collectors and dealers use a standardized system to grade Morgan silver dollars. When minting was low the Morgan dollar is valued...

Well, for one thing, they are really Big. And Heavy. And Beautiful,too. (Okay, big, heavy, and beautiful. We are just talking coins here, right? What else?) They are a piece of American History. (Well, I guess so, but what history do you mean?) Pretty much all of it. They were first made in the 1700s, not too long after independence. And they were really a big deal in the days of the Wild West. And how about gambling in Las Vegas? You used to be able to get them in your change there, even if you were just buying gas!

(I see. So why were they made of silver, anyway?)

Because, back when the mint started, in 1792, coins were actually worth the amount of money they stood for. A dollar was made from metal worth one dollar. Silver was the best metal to use, because that way the dollar would still be an easy size in your pocket. Copper would have weighed a ton (not really, but a dollar in copper would have made a better doorstop than a coin. And a gold dollar would be really tiny and easy to lose. (Actually, they tried that in the 1850s. People hated them. They said they were tiny and easy to lose. Go figure.)

(Okay, hold on. Just what do we consider a silver dollar?)

Strictly speaking, it is made of silver (very good!) That means it was likely struck no later than 1935. Some of the Eisenhower dollars made from 1971 through 1976 were 40% silver, but the last of the mostly silver (90%) dollars was a 1935 Peace dollar. And, though it was rumored that the mint actually struck over 300,000 pieces of 90% silver Peace dollars in 1964, all were reportedly destroyed by the mint without exception.

The early dollar coins were really something. Just gorgeous coins.

But I guess the art critics had a problem with them. They said the first American dollar coin, the one they called the Flowing Hair dollar, made Miss Liberty look kind of trashy and undignified. So the next design showed a calmer sort of Liberty. More of a lady I suppose. They called that one the Draped Bust dollar, which seemed to make the grade, until the price of silver rose up to the point that you could make money by melting down your dollars, then trade them for gold.

So then the dollars disappeared. And the mint stopped making them for another thirty years (1805-1835). Then along came the Seated Liberty dollars, designed by Christian Gobrecht, who had worked his way up in the mint to Chief Engraver, after spending a lot of years making number punches for the dates they put on coins. Just imagine spending years making 1s and 8s and 2s and the other numbers, day after day.

The Gobrecht Seated Liberty design was well enough liked that it was put on all of the silver coins except the three-cent piece. Then there were the Morgan dollars, lots of them, beginning in 1878. During these years lots of silver was discovered out West. So much silver was mined that the price of silver tanked.

But silver mine owners had a fair bit of clout in Washington, so a law was passed that said for every paper dollar printed, an a silver dollar had to be struck. No one really needed that many, so they piled up in banks and Federal vaults, bags of uncirculated Morgan dollars.

When the town of Las Vegas began to boom, after construction of the Hoover Dam, out came the silver dollars, onto the gambling tables and into our hearts (so to speak.) As late as the early 1960s, Federal banks had considerable quantities of brilliant uncirculated dollar coins from the 1880s on hand, available for one paper dollar each.

Trust me, that was cool.

The topic of silver dollars has always interested me. These coins really are quite beautiful to look at, so I've added some information and some great photos on my website at http://www.valuable-coin-stories.com/pictures-of-us-silver-dollars.html and also at http://www.valuable-coin-stories.com/dollars-pictures.html that you may enjoy.

I've collected coins since age 11 -- so, more than half a century. Coins have been a pleasant distraction over the years. Though I've never been a coin dealer, I have occasionally sold a coin or two at a nice profit, when the market was right. These experiences have taught me a bit about coin value in the marketplace. But I have to say that my greatest pleasure with coins has been the hooks they have to history and other areas of learning. And, I can never quite get beyond the feeling that, if any of my coins could talk, the stories would be priceless!

Check my website at http://www.valuable-coin-stories.com for more.

Article Source: http://EzineArticles.com/?expert=David_W._Baker

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• Silver Dollar – The Origin Of The Morgan Dollar, Historical Background and Tradition
  The term silver dollar is often used for any large white metal coin issued by the United States with a face value of one dollar, although purists insist that a dollar is not silver unless it contains some of that metal. Silver dollars, the first coin...
• Silver Dollar – A Jewel Among Coins
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• Know the Grading System for Morgan Dollars
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• Silver Dollars – For Collectors or History Lovers
  United States silver dollars have long been prized by coin collectors, but they also have a background that’s valued information for lovers of American history. Thomas Jefferson first proposed minting a silver dollar coin in 1785 and when Treasury...
• Why Carson City Morgan Silver Dollars Are Highly Collectible
  Carson City Morgans (CC Silver Dollars) demand an indomitable place in American history. After massive quantities of silver were discovered in the 1850s in Carson City, Nevada, the town built and maintained a mintage that produced what became known a...
• Coin Collecting – Avoid Worthless Silver Coins
  A worthless silver coin for collecting purposes is any circulated silver coin that is only in fair condition and has value to collectors beyond the value of the silver bullion it contains. This is an unofficial term used in the United States and C...
• The Morgan Dollar – 1878 to 1921
  Morgan Dollar is a United States Silver Dollar named after its designer, George T. Morgan. These were made from 1878 to 1904, and then again, in 1921, just for that year. He designed both sides of this coin and his personal monogram shows close to La...

A total of five U. S. Mints were involved in the production of Morgan silver dollars from 1878 thru 1921: Carson City; Denver (1921 only); New Orleans; Philadelphia; and San Francisco.

Minting of the Morgan dollar was suspended in 1904 due a government shortage of silver bullion. Only about 8,812,000 (a relatively small mintage) were produced that year. It was another 17 years before another Morgan silver dollar was minted. In 1921, production resumed but later that year the Morgan dollar was replaced by the Peace silver dollar.

The world would be awash in Morgan silver dollars except for two events: 1) the Pittman Act of 1918 permitted the melting of 270,232,722 Morgans for their silver content; and, 2) unknown millions more were turned in and melted when silver reached an all time high of $50.50 per ounce in 1980. So the number of Morgan dollars in existence are far less than the number minted.

The Morgan Silver Dollar - Facts and Details
The Morgan silver dollar features the head of Lady Liberty on the obverse side and a spread-winged eagle on the reverse. Several small variations were made to this coin over its mint life. The mint mark is toward the bottom on the reverse side (just below the ribbon loops). Mint marks are "CC" for Carson City, "D" for Denver, "O" for New Orleans and "S" for the San Francisco Mints. If no mint mark appears, it was minted in Philadelphia.

Morgan silver dollars are 90% silver and 10% copper. Uncirculated Morgans contain .7734 Troy ounces of pure silver (24.0566 grams) with a gross weight of .859 Troy ounces (26.728 grams). Circulated Morgans are considered to contain .7650 Troy ounces of pure silver due to the "wear factor" in handling these coins (sometimes referred to as trade content). Circulated silver coins (including Morgan silver dollars) have been given the unworthy name "junk" silver.

If you are looking for the least expensive way of owning Morgan silver dollars and still get good coins, stay with the circulated grades of Extremely Fine (EF or XF) or About Uncirculated (AU). Uncirculated coins begin with Mint State 60 (MS60) and go to top-of-the-line MS65s. Use caution when investing in MS63 and higher grades - they should be graded and "slabbed" by either NGC or PCGS.

Stay with reputable dealers. And be sure to shop around - don't buy from the first dealer you find that sells Morgan dollars. Prices can vary widely and you will want to compare prices from several dealers to get the maximum amount of silver for your money.

Disclaimer: I have made every reasonable effort to produce an informative and helpful article on Morgan silver dollars based on my research and experiences. However, I make no representation or warranties of any kind with regard to its completeness, accuracy or suitability for any specific situation or purpose.

Copyright © 2008 Silver Investing Simplified - Morgan Silver Dollars

John Ausiman was a salesman of gold and silver for one of the oldest, most reputable precious metals dealers in the U.S. He no longer is actively selling precious metals but wants to share his expertise with would-be gold and silver investors. You will find this complete article (with pictures) and other useful articles on silver at his web site http://www.silverinvestingsimplified.com

Article Source: http://EzineArticles.com/?expert=John_Ausiman

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• 1889 Morgan Silver Dollar
  1889 Morgan Silver Dollar was one of many silver dollars that was designed by George T. Morgan and minted in the United States in the time span of 1878 to 1904. Morgan started his minting career as an assistant engraver and worked up to becoming a Ch...
• Morgan Silver Dollars – What Are the Key Dates?
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• What Makes a Morgan Dollar Rare?
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• Morgan Silver Dollars – A Staple For Silver Dollar Collectors
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• History of the Morgan Silver Dollar
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• The Morgan Dollar – 1878 to 1921
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CC Coins

CC actually stands for Carson City. This is where the story of the CC silver coins began. It was in 1859 when a huge source of silver was discovered in Carson City. It was partly because of this silver source and lobbying that a mint branch was established in Carson City. Like every other mint office, the one in Carson also affixed its letter sign on the minted dollar. For Carson Cit y it was the double C.

Value of CC

A CC Silver Dollar is actually a Morgan Dollar. Like other Morgan Dollars, this one has the face of Liberty and an eagle on the reverse. What makes it unique from other silver dollars however is the double C mint mark on the reverse. It is the only American silver coin with a double letter mint mark. This unique feature is one of the main reasons why The Carson City dollar is considered valuable.

One other factor that makes it valuable is its mintage. There were some years when the Carson silver coin was minted in the millions. There were also some years though with only a few hundred thousands. It is estimated that CC silver coins do not even account for one percent of the total amount of silver dollars ever minted. The comparative rarity of a CC Silver Dollar is more than enough to make it more expensive than some other Morgan types. The 1885 Morgan CC is among the most prized because very few were minted in this year.

Explore our collection of 1885 CC Morgan dollars, click here...

The quantity of Carson City Silver Dollars dropped even more during the war. Many gold coins of various types were melted at this time. There was a significant shortage of silver at this time. The Carson City silver coins that have survived to this day come from government vaults. These have been sold to the public.

Tips

A CC Silver Dollar can also have a fake counterpart. You should therefore take great care when considering a CC purchase. A CC coins should be carefully assessed like any other collectible coin. It would help if you took the time to find out the distinguishing features of a Morgan CC silver coin.

Even if you do know your coin, there is still a chance that you could get swindled. You can prevent this from happening from buying only from a reputable source. There are many online stores that specialize only in selling collectible coins like the CC dollar. Be extra careful if you plan to buy from an online auction. Check a seller's reputation meticulously.

You should also consider coin condition. A rare CC coin could cost more than a thousand dollars. A highly defaced and worn coin however would hardly merit such a price.

A CC Silver Dollar is a unique and beautiful collector's piece. If you aren't careful though, you could end up with a fake.

Learn more about how to collect and profit from the rare and beautiful Carson City Silver Dollar on this web page: http://www.SilverDollarCoins.Info/carson-city-silver-dollar.html

Article Source: http://EzineArticles.com/?expert=Mark_Vidrow

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• Morgan Silver Dollars – What Are the Key Dates?
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• What Makes a Morgan Dollar Rare?
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• Silver Investing – Morgan Silver Dollars
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• Morgan Silver Dollars – A Staple For Silver Dollar Collectors
  First minted in 1874, the Morgan Silver Dollar was produced for 30 years, ending production in 1904. After almost 20 years of not being produced, the US Mint did a production run of 1921 Silver Dollars and thus the coins finally ceased production aft...
• The Morgan Dollar – 1878 to 1921
  Morgan Dollar is a United States Silver Dollar named after its designer, George T. Morgan. These were made from 1878 to 1904, and then again, in 1921, just for that year. He designed both sides of this coin and his personal monogram shows close to La...

Prior to the Morgan Silver Dollar was the Seated Liberty Silver Dollar and Silver trade coins which were used mainly for trade with the orient. Morgan Silver Dollars were made of 0.77344 troy ounce of silver and were produced around the same time as a large silver strike in Nevada. Because the availability of silver was so large, the US government resumed production for one year to produce the now famous 1921 Morgan Silver Dollar.

One interesting story comes to mind regarding the fate of the 1921 Silver Dollars. An old farmer by the name of Lavere Redfield began to accumulate a huge supply of them. He was a savvy investor and lived as though he had nothing. At the time of his death in the 1970's, he left an estate valued at over 100 million dollars. Among his assets were a cache of Morgan's so large that no one had ever come across such a large hoard. It seems that over the years Redfield would visit a bank and buy bags of 1000 Morgan Silver Dollars at one time, driving them home in his old pickup truck. At the time he was able to purchase the coins for only $1 each. Upon his death, a mountain of silver coins were found in his basement, to the tune of 400 bags. 400 bags of coins with each bag containing 1000 coins. Even at face value would have been $400,000, however the coins went to auction and fetched over 7 million dollars!

Since their issue in the 1920's the Morgan coins have been an important part of many coin collections. Among the most valuable of the Morgan Silver Dollars are the coins marked with "cc", which is an indication that these coins were made at the Carson City facility. In terms of high value, there are 3 years of Morgan's that stand out as being rare: the 1889-CC, the 1893-S and the 1895 Morgan Silver Dollars. Of all Morgan Silver Dollars, these are the most sought after. If you happen to be the owner of one of these coins, you may be pleasantly surprised with the worth of the coin.

Blake Hygate is the webmaster of SilverDollarCoinStore.com which helps buyers find the best deals on Morgan Silver Dollars and other US, Canadian and international silver dollars.

Article Source: http://EzineArticles.com/?expert=Blake_Hygate

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What is a Morgan Dollar?

The silver dollar Morgan is a US silver dollar coin minted from the years 1878 to 1904, and back again for another year during the year 1921. It was authorized by the Bland-Allison Act of 1878. The Morgan dollar's obverse and reverse was designed by George T. Morgan. As the obverse, the Lady Liberty can be found. For the reverse, an eagle holding arrows and an olive branch was designed.

Descriptions

The silver dollar Morgan has a fineness of .900, meaning it has a total silver content of 24.057 grams or 0.77344 ounces per coin. Its total mass is 26.73 grams and diameter is 38.1 mm, with thickness of 3.1 mm. It is composed of 90% silver and 10% copper.

Now that you know some facts which will guide you in buying an authentic silver dollar Morgan, it's time to discuss some tips.

Don't be fooled by Uncirculated gradings

Although there were about half a billion Morgan dollars minted from the years 1878 to 1904, and nearly ¾ of these were melted before being issued, a bulk of the Morgan dollars in the market nowadays didn't even leave the U.S. Mint until the year 1960. So, an Uncirculated grade for Morgan dollars is really not uncommon. If a dealer priced one very high because of it being Uncirculated, don't be fooled. Uncirculated grades are very common.

Know which specimens to buy

Only buy the highest grade silver dollar Morgan. Proof Morgans, especially, have been performing very well for the past 15 years. If you can afford to invest in one, go for it. If not, you can go for the very high-grade, MS-65, or even better. Although they are more expensive compared to MS-60 up to MS-63, they are considered a very good investment because of its rarity in age of encapsulation.

Consider the Source

In buying a silver dollar Morgan, it is recommended that you consider the source of the grade. Not all dealers may have the same grading standards. Some dealers may price their coins higher compared to others even with the same grade, probably because they have more non-subjective, consistent and exacting grading standards. That is why, you should not only compare the grade and price, but also consider the source and grading standards.

Store Your Morgan Dollars By Yourself

Now that you've decided to invest in one, make sure that you take charge of the storage of coins. These are very valuable coins and should not fall into other hands. There are some dealers that promise to keep your coins for you. Don't allow this. Have your own built-in, fireproof vault or even a safety deposit box to store it in.

In the end, the Morgan dollar is really a good investment aside from its beauty. Make sure you keep these tips in mind to guide you in buying one.

Learn more about Morgan Silver Dollar Coins and the thrill of collecting them at http://www.SilverDollarCoins.Info/morgan-silver-dollar-coins.html

Article Source: http://EzineArticles.com/?expert=Mark_Vidrow

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The silver coin itself is large, 38.1 mm in diameter, weighs 26.73 grams, is made of .900 fine silver and has a reeded edge. The total silver content is .77344 troy ounces. Late in the 1850s, the Comstock Lode was discovered in Nevada. This had been called the biggest silver strike in history and had the effect of driving down silver prices all over the world. As a result of this strike, Congress initiated the Bland-Allison Act in 1878, which made it a requirement for the Treasury Department to buy great amounts of silver to make coins from. Therefore, the first Morgan Dollar was made on March 11, 1878.

It is estimated that more than 500 million Morgan Dollars were made until production was halted in 1904. As the Morgan Dollar was mostly ignored, it was not a strong collectible. There were few who collected the big coins, mostly because $1 had considerable purchasing power in those days. Circulation of the silver dollars was stronger in the west than the east where the preference had grown for paper money. Most of the millions of silver dollars coined from 1878 to 1904 ended up in vaults where they stayed for years.

The silver Morgan Dollar has become one of the most traded and collected coins ever minted. Part of the reason is that so many mint state examples are available and relatively inexpensive. In the latter half of the 20th century the discovery of large hoards of silver dollars, including the unintentional hoards of the federal government, has led to renewed interest in collecting the silver Morgan Dollars.

One such hoard was that of a rather paranoid stock investor named LaVere Redfield, who also invested in a large amount of real estate. He did not trust banks and he also did not like paper money. He grabbed every possible chance to turn his money into "hard" money. In doing so, he became quite interested in the Morgan Dollar with its 90 percent silver content. He started hoarding as many of these as he could get his hands on. Putting them into bags, he stored them under his house.

Upon Redfields death in 1974, the Internal Revenue Service did an appraisal of his estate. They discovered all of these bags of silver dollars under his house. There is a story that Redfield had left a note asking whoever found his stash to not alert the IRS of its existence. He was probably turning over in his grave when those IRS agents found not only his stash of Morgan Dollars, but that note, as well.

There were a total of 411,000 silver dollars removed from Redfields property. These coins weighed 11 tons collectively. They were gathered and put up for auction to collectors. Redfields silver dollars sold for $7.3 million. This is considered to be the largest transaction of its kind in history. There have been many other large hoards discovered over the years, including that of famous Las Vegas casino owner Ted Binion, and others will surely be found.

The federal governments hoard of Morgan Dollars was auctioned off coin by coin in a series of auctions conducted over several years in the late 20th century. These coins were specially packaged by the General Services Administration for auction and are now referred to as GSA Morgans and are sought after by collectors. Many once believed rare Carson City Mint produced Morgans in mint state condition showed up over the course of these auctions. Because of the low demand for silver dollars during the time of their production they had never made it into circulation.

There is much more to the silver Morgan Dollar story. Each years issue and mint seemed to produce errors and varieties that are still being discovered today. These all provide different paths for collectors to take and opportunities for numismatic discoveries.

The silver Morgan Dollar was produced at the Philadelphia, Denver, San Francisco, Carson City and New Orleans Mints. While the Morgan Dollar had not impressed many when it was in circulation, as more and more of these beautiful coins have come to light and time has passed it has become one
of the most famous and desired silver dollars produced by the U.S. Mints.

An avid fan and collector of American gold and silver coinage, John Douglas writes extensively on the history and mintage of the silver Morgan Dollar. Find in depth information about collecting the silver Morgan Dollar, its history and design, and supplies for all coin collectors at http://www.morgandollarcoin.com

Article Source: http://EzineArticles.com/?expert=John_Douglas

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First, a little background info on the Morgan silver dollar…

The Morgan silver dollar is today one of the most popular of all collector coins. First minted in 1878 following the passage of the Bland-Alison Act, the new dollar was named after its designer, George T. Morgan. Political pressure by powerful silver mining companies, in a gambit to stabilize the price of their commodity at artificially high levels, created the impetus driving the legislative action. Bland-Alison led to the overproduction of silver dollars, resulting in millions of these unused “cartwheels” languishing in bank and Treasury vaults. Indeed, few coins have ever been released under more dubious circumstances than Morgan silver dollars. Minting continued until 1904, and then again for one more year in 1921, when the series finally came to a close.

Check prices for first top dollar - 1895 morgan dollar - here...

For decades thereafter, Morgan dollars were largely snubbed by hobbyists. Many dates, including those in mint state condition, could be obtained for as little as $1.00. This situation shifted dramatically in 1962, when the US government began selling original 1000-piece silver dollar Treasury bags to the public at face value. Stories of rare dollar finds circulated widely, touching off a veritable Morgan mania. Within a matter of months, all but a small fraction of the federally owned coins were transferred from government vaults to private hands, consequently expanding the Morgan dollar collector base far beyond anything seen previously.

Since then, Morgan silver dollars have proudly perched themselves atop the catbird seat of the numismatic world. Their physical size, availability, beauty, and historical significance have consistently attracted herds of new buyers. Numerous boom-turned-bust cycles have come and gone, sometimes driven by pure speculative motives, but from a long-term perspective, most Morgan dollar prices have trended somewhat positive.

Check prices for second top dollar - 1892 CC morgan dollar - here...

Unlike some controversial promoters in the past, I do not propose purchasing Morgan silver dollars simply as investment vehicles. However, for collectors hoping to satisfy their numismatic yearnings AND acquire coins destined to be worth substantially more in the future, Morgan dollars do present a few opportunities. As noted above, as a whole, Morgans have gained moderately in value over the years. The crucial challenge, then, is to identify which members of this series have enjoyed the best growth patterns in the past. The underlying logic is clear: coins that have demonstrated the strongest gains over a long period of time are the coins best positioned to show similar price advancements with the continued passage of time.

In order to measure past performance and thus visualize Morgans most likely headed toward a bullish future, I developed a systematic approach. First, I researched individual Morgan dollar retail prices as they existed in 1950, for a broad range of conditions, and entered this data on a computer spreadsheet. Moving forward in time, values from the years 1980, 1995, and 2000 were likewise recorded. Finally, estimated selling prices in 2005 were juxtaposed with counterpart data from those earlier years. Because grading terminology has evolved over the 55 year period, certain assumptions were made to progressively track price movements throughout the time spectrum (e.g. an “Uncirculated” value in 1950 is equivalent to the “MS-60” of today).

Check prices for third top dollar - 1894 morgan dollar - here...

For each date and condition, compounded annual return rates were computed from 1950 to 2005. [Editorial note: compounded annual return rate is the accepted yardstick for comparing investment performance. Of course, coins do not grow at a guaranteed uniform rate, such as bonds do, but if a coin is purchased at a certain price, and that price is compared with the value of the coin at some later date, the compounded annual return rate can be calculated for the time period in between]. Return rate computations were made from 1980 to 2005, 1995 to 2005, and 2000 to 2005. For each Morgan dollar, the data was placed in tabular format.

Next, I calculated a “composite” score for each date by averaging all the compounded return rates computed for that date. I then ranked all the “composite” scores. The Morgan silver dollars with the highest scores are as follows:

Date: Score:

1895 11.37

1892-CC 10.54

1894 10.43

1878-CC 10.28

1883-CC 10.25

Check prices for fourth top dollar - 1878 CC morgan dollar - here...

So, it would appear, based on past performance over a period of 55 years, the 1895 is the Morgan silver dollar with the best hope of appreciating significantly in the years ahead, followed by the 1892-CC, 1894, 1878-CC, and 1883-CC. Not surprisingly, dollars of the Carson City Mint occupy 13 of the top 16 positions, thanks to persistent collectors scrambling for bona fide artifacts of the romantic American West. On the opposite end of the rankings, Morgan silver dollars having the bleakest long term prospects include the 1898, 1899-O, 1884, and the 1888-O, followed by the 1897 coming in dead last with a score of 2.66.

Anyone whose dual objective is to acquire Morgan silver dollars with a bullish future ought to begin looking at the “Top Five” above. Purchase coins in the best condition you can afford, but be sure the coins are clean, problem-free, and CERTIFIED by a reputable grading service. Be prepared to hold for at least five years. Morgan dollars have skyrocketed in value in the last three years, so some cooling off may be in order before the next upward cycle.

Check prices for fifth top dollar - 1883 CC morgan dollar - here...

If a polling firm were to survey the population of US coin collectors, it is very possible that Morgan silver dollars would win the vote as the most appealing coin in American coinage history. These beautiful coins have been the heartbeat of the hobby for many years, with no retreat in sight. Ironically, these same coins spent the better part of a century hidden away in government vaults, unseen, unwanted, and unloved. My, how times have changed!

Author Daniel J. Goevert is the webmaster of US Coin Values Advisor (http://www.us-coin-values-advisor.com), specializing in coin value trends and listing bullish US coins. Other offerings include detailed coin collecting advice as well as an illustrated history of the United States and the US Mint.

Article Source: http://EzineArticles.com/?expert=Daniel_Goevert

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In addition, it was minted in several locations: Carson City, Denver, San Francisco, New Orleans, and Philadelphia; only Denver and Philadelphia are mint locations today. The value of a Morgan silver dollar depends on its year, the mint that created it, and the quality of its preservation.

A Morgan silver dollar has the head of Lady Liberty on the front and a wing-spread eagle holding arrows and an olive branch on the back; you'll recognize the reverse as being very similar to that of a quarter. This coin is the first of our minted coins to use the slogan E Pluribus Unum. It's a large coin, about the same size as a half-dollar in use today or just a little bigger, and it has a silver fineness of .900, or 90% silver, so silver content by weight is just over 24 grams. The remaining metal is copper.

Morgan silver dollars, unlike many of the coins minted over a hundred years ago, have a top grade of DMPL, or Deep Mirror Proof Like; these coins have extremely heavily frosted images and devices, so that these parts show up matte, while the background is polished silver. Early Morgan silver dollars are more likely to follow this format than later ones, making the later DMPL dollars worth more.

The other grades for this dollar are Proof, Uncirculated, Good, Fair, and Poor. The degree of wear determines what level the coin is at. A sealed, perfect coin that has never been touched is a Proof; a perfect or near-perfect coin that has been used is Uncirculated; a near-perfect coin with a couple of flaws is Good; a coin that has seen some wear is Fair; and a coin that is very worn, with the edges worn smooth, is Poor, the lowest grade.

Of these grades, the Poor Morgan silver dollars are generally worth very little, though there are a few exceptions. Look also for the mint mark, a dash and letter next to the year of minting. Mint marks may be S (San Francisco), P (Philadelphia), O (New Orleans), D (Denver) and CC (Carson City). Of these, the Carson City coins tend to be worth the most.

There are also several short runs that are worth significantly more due to their rareness: 1889-CC, 1893-S, and1895 Proof are the most valuable by far. The last of these in theory only had 880 coins released into circulation, and probably fewer exist today; its value is calculated to be about $66,000. The Proof coin should not have a mintmark; attempts to forge it have been made by filing away the proofmark on another Morgan dollar released that year, but a coin expert should be able to spot this immediately.

For a coin collector, a Morgan silver dollar is a must-have: its history, its beauty, and its often low cost all make this an attractive coin for starting, or adding to, your collection.

Jay Villaverde is the owner of http://www.MorganSilverDollarStore.net A site dedicated to preserving the beauty and history of the Morgan Silver Dollar. If you're looking to start or add to your coin collection, this is a great coin to obtain and this is a great place to get them.

Article Source: http://EzineArticles.com/?expert=Jay_Villaverde

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