Learn Key Dates For Morgan Silver Dollars

The Morgan Silver dollar is one of the most all the rage coins amongst both investors who collect Morgan dollars meant for their strong growth in importance plus numismatic collectors who collect them meant for their aesthetic, historical and cultural importance. You can uncover Morgan dollars meant for sale on eBay plus other online coin sites but they can also be purchased from mail order companies and coin stores.

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

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 significance of these coins can be found in key date coins that are rarer and worth far more than their weight in silver. Meant 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 perform you know how much your coin is worth as well as whether it is from a key date. The date as well as where the coin was minted can be found on the reverse of the coin, underneath the eagle. Meant for example a coin minted by the New Orleans Mint will have the initial O as well as a coin minted by the Carson City Mint will have the initials CC plus S for the San Francisco Mint.

To learn 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 plus the values meant for each grade. You could as well as search eBay auctions for the identical coin as well as grade and see how much it is being sold meant for.

Generally speaking Morgan silver dollars minted on specific dates tend to appreciate in value the best. These are named 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 importance.

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