About Morgan Dollars

Collecting Morgan dollars (1878 thru 1921) is one of the most popular and obtainable in the silver dollar series. Most of the series would be still considered affordable in higher grades. There are many common dates available in mint state condition for well under a hundred dollars.The large diameter (38.1 millimeters, 1.5 inches) and slightly over three quarters of an ounce of pure silver makes it appealing to collectors from novice to expert. Grading Morgan dollars can be a challenge to most collectors and coin enthusiasts. Many slight design changes have occurred over the years as well as over 2000 different die varieties exist. Morgan dollars have large devises (focal design) and large fields (area around design) so wear is easily detectable.

Morgan Dollars Reverse

Morgan Dollars-Obverse

Morgan Dollars Circulation

Circulation strikes and proof strikes are easily discerned. Circulation strikes having average luster and non mirror like fields while proof strikes have frosty luster and mirror like fields. Proof coins also have 179 reeded edge points while circulation strikes have more or less dependent on year.  Most circulated Morgan dollars are well worn and are only worth silver melt value. Uncirculated Morgan dollars are worth a slight premium over silver melt value.

Morgan Dollars Grading

Morgan dollars that have been graded by a grading company can carry the most value. Since Morgan dollars were minted in all five US Mints Morgan dollars can be found with a variety of mintmarks some demanding high premiums. There are several Morgan dollars that even at low grades are worth several hundred to several thousand dollars each. The collector has a lot of ways to collect the Morgan dollars: key dates, varieties, series, mint etc…  One thing to beware of  is the issue of counterfeit coins. Most counterfeits are not made of silver and do not weigh 26.7 grams. Some have design high spots, gouges, and small impressions that give them away it is always best to buy your coins from a reputable dealer.

Contact Cash for Gold NC for Morgan Dollars pricing