Why Morgan Dollars?
Morgan dollars are a beautiful coin for those with an appreciation for bullion and history. For an oftentimes low premium, investors can enjoy holding a piece of history in their silver collection.
Carson City Morgan Dollars are among the rarest versions of one of the most beautiful coins in US history. CC Morgan Dollars were struck between 1878 and 1893, making them an attainable short set for collectors. Premiums on Carson City Morgan Dollars remain strong. Recently, an 1882 CC Morgan dollar in its original black plastic GSA case and graded MS-62 by NGC sold for $170, while a VF of this common CC without a GSA holder sold for $120 dollars.
Rarer GSA Morgan Dollars, like the 1879-CC and the 1889-CC dollars, still are not found in large quantities. An entry-level Mint State 1879-CC Morgan Dollar costs upwards of $6,000, whilst solid VF examples are approaching $300.
From 1887 to 1904, Morgan Silver dollars were issued by mints in Philadelphia, San Francisco, New Orleans and Carson City. Morgan dies were destroyed when production ended. Nonetheless, they were struck once more for a short time during 1921 at Philadelphia, San Francisco and Denver mints for a short time before being replaced by post-World War 1 Peace Dollars.
In the 1960s, a reserve of Morgan Dollars was discovered in US Treasury vaults. The coins were sold in the 1970s, culminating in the final sale of more than 200,000 uncirculated Morgans in 1980.
The worth of a Morgan Silver dollar is based on its date, mint mark and condition. Examples struck during the late 1870s and early 188s are considered desirable.
If you are interested in Morgan Dollars, or looking to sell, be sure to give United Coin & Precious Metals a call, or visit our La Jolla location, to learn more about this unique opportunity.