The right wing is often just touching the rim. Many of the leaves of the wreath are flattened into groups but the wreath is complete in outline, no merging with the field. Tops of lettering is free of the rim along most of the Legend. One or two slight connections of the letters to the rim are the result of striking weakness in the area.
Note: Wide spread fading of the legend into the rim indicates a lower condition coin. An accurate grade of silver dollars is needed to place an accurate value on the coin. How to grade Morgan silver dollars follows a process judging the surface of the coin, comparing it to the video, images and descriptions.
Video Grading Morgan Silver Dollars. These are priced and traded based on silver content of the coin. When minted Morgan dollars contain. Quality of preservation is what separates most silver dollars from bullion to collector appeal and premium value.
A few key elements are easily recognized to help judge a premium collector Morgan dollar. Date and mintmark quickly determine base value. Next, aesthetics often decide value.
Aesthetics and eye appeal are the evaluation of surface qualities and overall "look" of the coin. Both of the imaged coins are Extremely Fine grade, the technical amount of wear to the surface. Differences in the appearance and eye appeal are now judged. Many collectors favor the soft grey-tan toning over the dark, mottled colors of the second dollar.
Aesthetics now determine marketability of the dark coin, often lessening its appeal. Also, easily to recognize are eye distracting marks. If a mark, scratch, or rim bruise is noticeable, it immediately lowers eye appeal.
Placing yourself in the eye of a collector, both examples are the same date, mintmark, and grade. Looking closely at the chest of the eagle, on the second coin a noticeable deep mark is clearly visible. Marks of this type are the deciding factor in eye appeal to collectors. Recognizing coins with outstanding aesthetics separates bullion from collector quality.
US Mint. Catalogue of Coins of the United States. Professional evaluation of many dates within the Morgan dollar series is important because of potential high value. If your coin is listed with a large value jump from one grade to the next, having the coin graded by a service leads to certainty of value.
Professional Coin Grading Services and Numismatic Guaranty Corporation are the top two services and both authenticate and grade your coin. Each place the coin in a special holder improving marketability.
Coin Grading Services gives an insight to these services. A step by step method combined with the coin value online guide identifies how to value a coin collection. Discover how much your box of old coins is worth.
Silver Dollar Values Remarkable. Coin values spanning years. Discover the many rare dates, mintmarks and varieties. Next, "Grading" Images to evaluate the condition of your coins and find the true value of your silver dollars. From early dollars in to the Liberty Seated variety Next the ever popular Morgan Dollar to the Peace Dollars ending in Today's Minimum Silver Coin Values.
Many of your old US silver coin values are tied closely to the price of silver. Selling coins for the highest price is achieved with planning. Was it part of a famous collection or hoard? Sometimes this is also called the coin's provenance.
The "PL" designation also adds collectible appeal to any silver coin. This stands for proof-like , meaning the coin has mirrored surfaces. Once unknown, these are now a favorite among collectors.
Several different branches of the U. Mint struck Morgan dollars. This is important to know because certain mints produced less coins in a given year than others. Each branch corresponds to a mintmark.
This is a short abbreviation on the coin that tells you the location where it came from:. In the case of coins from the Philadelphia Mint, the mintmark is omitted.
You won't find a "P" anywhere on the coin. So if there is no mintmark, you'll know your coin comes from Philadelphia. As a general rule, these coins had higher mintages. That makes them less expensive than their counterparts from other mints. Morgan dollar CC mint mark. Image source: CoinStudy. Invest in Only the Highest Grade Morgan Dollars Because the Morgan Dollar series exists in generally higher grades than most other series, you should invest in only the highest grade specimens.
If you can afford to buy Proof Morgans, you should, because those have performed very well over the last fifteen years. The next best investments are the very high grade, MS or better. They are pricey compared to MS to MS, but their incredible rarity in the age of encapsulation make them a good investment.
Remember to Consider the Source Another very important thing to consider when investing in rare coins, including Morgan Dollars, is to consider the source of the grade. The price difference between MS and MS is significant, and not all dealers and grading services have the same grading standards. Who knows what you could find in that shoe box or album full of old coins. The primary reason being is that Morgans are the most popular and collectible series in all of numismatics.
I think it would be useful to narrow down the series into a concise list of 10 dates that you are likely to find and that possess real value. You will more than likely discover these coins in low to mid-range condition, Good to XF with a few AUs. Finding a new finest known specimen in your search would be like hitting the lottery. Another consideration in devising the top 10 list is to eliminate those dates and issues that are simply so scarce that Examples of such extremely rare finds include proofs, high grade rarities since mostly all coins found will be in lower condition , the S and all Carson City issues.
This top 10 list contains underrated and unknown scarce dates that are more apt to be found in an old family collection. This list contains dates that the average person would not know to look for and set apart from the rest.
Please note that the Morgan Dollar issues listed below are in chronological order and not in order of value. Now that this quest is outlined and expectations are reasonable and attainable, let us embark on our hunt. The S is an underrated semi-key date in the Morgan Dollar series, which comes from a lower mintage of just , coins.
Under the Pittman Act, it is believed that nearly half of these coins were melted, making it a rarity in the series. Decades later there were hoards of uncirculated examples discovered, leaving circulated examples scarcer than the average Morgan Dollar.
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