The Comstock Lode, one of the most significant silver strikes in history, was discovered in Nevada in the 1850’s. The influx of silver on the market put a downward pressure on silver prices, forcing the Treasury Department to purchase large amounts of the silver. In doing so, the government guaranteed a market for the silver mine owners of the time.
Between the years of 1878 and 1921, the purchased silver was struck into silver dollars, which were designed by George T. Morgan. The Morgan silver dollar is identifiable by the monogram on the obverse of the coin, by the neck of Lady Liberty. The reverse of the coin bears the familiar eagle bearing an olive branch.
Because the Morgan dollar is quite pretty and holds historical significance, it’s a popular choice for collectors. Though they were issued for commercial use, several shipments were never introduced into circulation, so many can be found in mint condition.
Silver dollars are widely collected because of their beauty and value, and also their affordability. Coin collectors enjoy seeking out rare and coveted coins for the prestige of owning them, loving the thrill of the chase. The value of the coin is only applied to its rarity.
Besides their rarity and beauty, Morgan silver dollars are excellent investments. Their current price levels indicated that they have an outstanding potential for profit. They’re a liquid investment, easily stored, and quick to sell. Because of these factors, many non-collectors are adding Morgan dollars to their investment portfolios.
