The Morgan Silver Dollar
Building Wealth – High Grade Morgan Silver Dollars (1878-1921)
The Morgan silver dollar, named after designer George T. Morgan, is one of the most widely collected and studied silver coins ever produced by the US Mint. Investment grade silver dollars are fun to collect, historically important and a perfect source of private wealth. Yet nearly everybody can get started regardless of budget.
There are compelling reasons to consider Morgan silver dollars and all focus on its history and notoriety. Most Morgan silver dollars were produced in large quantities because of the infamous deal struck between early Nevada silver producers and the US Mint. The Comstock Lode silver producers created an oversupply of silver and America had too many unemployed workers. This combination led to the Bland-Allison Act of 1878 which authorized the Morgan silver dollar. It was legislated that silver from the Comstock Lode was designated specifically to produce large quantities of Morgan silver dollars with the benefit of helping the unemployment problem. The plan wasn’t well designed and a great deal more coins were minted than were needed, necessitating government storage of the surplus. Finally in 1917 under the Pittman Act, 300 million silver dollars were melted, without regard to date or mint mark. This action led to a great investment opportunity in America’s most prized silver coin.
6 Reasons Favoring High Grade Silver Dollars
1. The Morgan Silver Dollar is one of America’s most beautiful coins. Our dignified Miss Liberty is on the front and a majestic eagle whose wings are outspread, holding an olive branch in one talon and a bundle of arrows in the other is on the reverse. This coin is a classic from the golden age of U.S. coin design. The Morgan silver dollar is one of the most important and well-known silver coins ever minted. It literally represents the Old West and the lore that goes with stagecoach delivery and mining towns.
2. Building private wealth using the Morgan silver dollar made perfect sense to millionaire Lavere Redfield. And with a little study we think it will also make perfect sense to Americans looking for an alternative to modern banking. The authorized melting of 300 million coins in 1917 created investment opportunities which are still being analyzed. The Morgan silver dollar was produced at 5 different mints over 28 years and so contains overlooked dates and mint-marks.
3. Morgan dollars are graded using the Sheldon Scale of 1 to 70 and the higher the number the better the condition. Choosing the right grade is important because investment by condition is a hallmark of rare coin success. Most Morgan dollars saw circulation – this pushed uncirculated examples lower while demand for mint state coins pushed prices higher.
4. With the inception of PCGS, the coin’s condition and authenticity are guaranteed. A PCGS encapsulated coin is as well respected as Abe Lincoln’s word – you can learn why by watching: The PCGS Grading Process Video
5. We believe that the number of Morgan silver dollars collectors has grown dramatically since the Internet has come into common use. And further, there are many high grade coins within the series that are still under priced. In fact many MS-65 examples trade for less than common modern issues – which does not make any sense.
6. Generally speaking the most important grade is Mint State 65 (MS 65) or Gem Uncirculated. The number of coins graded at this level decreases dramatically and there is a balance between rarity and price. Finally, the coin must be blast-white in color because superior “eye appeal” is like owning beach front real estate.
Learning More Is Easy
1. Call toll free (1-800-225-7531) with your questions and we will offer further insight. And note that this special programs offers two extra benefits, at no extra cost: First, we choose only PCGS MS-65 examples which fall into the higher end of the grading range. And second our silver dollars are always blast white.
2. There is nothing which can replace holding these gem 100 year old Morgan dollars in your hands so here’s our Risk-Free Offer: If you believe these classic silver coins represent a great opportunity call and inquire about availability. There is no obligation and this will allow us to work with your specific needs regardless of budget.
Your satisfaction is guaranteed and if you are not delighted return the coins insured within 7 days for a complete no questions asked refund.
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