If you are thinking about buying silver coins, there is one choice that is extremely popular with collectors today. The Morgan Dollar is a coin that was produced between 1878 and 1904 as well as a limited minting pursuant to the Pittman Act that took place in 1921.

How Much Silver is In A Morgan Dollar?

These coins are 90% silver. They are the reason that many people who collect them consider the coins to be an investment asset. The history of this coin is in itself fascinating enough to give them value, but in order to really understand them, we need to cover some details that go deeper into how these coins are valued.

Those who are thinking about buying silver coins should really do their research. The grade of the coin will determine much of its value. In order to do this, you can either buy the Red Book, which functions as a guide book to the coins of the United States, or use a reputable online site which contains coin values.

Morgan Dollar

Morgan Dollars: The Most Affordable Silver Coin?

The Morgan dollar is generally considered to be an affordable choice among silver coins available today, but it is exceptionally important that you understand coin grading and how value is assigned in the case of this particular coin. In general, the Morgan dollars minted in Carson City, Nevada are going to be the most valuable.

What makes these particular silver coins so fascinating is that the vast bulk of them were never circulated. That's right; most of those buying silver coins of this type today are purchasing uncirculated coins that have been stored in vaults for many years.

Are Morgan Dollars Rare Coins?

During the first run of production of these coins between 1878 and 1904, there were more than 500 million produced so they are in no way rare, even though they can be quite beautiful. Nearly 75% of those 500 million coins were melted down over the years.

The coins that did not get melted down never left the Mint before 1960. Because of this, these coins are really only worth their weight in silver bullion.

Unscrupulous sellers of coins will often try to get anywhere from $300 to over $600 for these uncirculated coins, but this would be an incredibly bad purchase decision. The truth is, around half of Morgan dollars out there today are worth only 10% of those values.

Again, this shows the importance of doing your research so that you are not ripped off by sellers with bad intentions or who may be purely ignorant of the Morgan dollar's history. You want coins whose values start at MS-65; these are going to be the most valuable, particularly since we live in an era where they can be preserved more easily.

The bottom line when you purchase a Morgan dollar is that you are looking first for a dealer you can trust. Finding a reputable dealer is usually easier for people who turn to individuals belonging to the PNG or Professional Numismatists Guild. You need to know that your dealer has a solid track record and will stick to ethical standards in their sales so that you do not overpay for the coin in question.

Always remember that how you store Morgan dollars or any other precious metal coins for that matter, makes a difference. If you do not have a built in safe in your home, then consider using a safe deposit box at your local bank. Morgan dollars certainly hold the potential to be a serious investment and you want them to remain in good condition.