One of the least popular coins of all time became one of the most popular collectible coins of all time. The Morgan dollar, when it was first minted, was a coin no one liked to use or carry. It was large and heavy, and people thought the eagle on the reverse side looked more like a scrawny crow than anything else. Now, though, this coin is considered to be a beautiful work of art. It is one of the most popular collectors’ coins in history, and many American collectors vie to have a Morgan as part of their collections. Here are just a few reasons that the Morgan silver dollar is so popular today.
For one thing, the dollar comes in a wide variety of years, mintmarks, and varieties. This makes it a truly interesting coin to learn about. There are actually entire books dedicated to just the Morgan, which has a long, rich history. The coin, which was minted out of necessity, became associated with many different mints and was minted for many years. It comes in interesting colors, due to the way the silver has worn over the years.
In addition, Morgans make really interesting and unique collections if you want to go for a coherent group of coins. Many people will collect every year from a particular mint or every mint from a particular year. Some will try to get all of the varieties of the coin showing mint-made errors. Others will collect coins in different colorations. All these types of collections can present a challenge to collectors, since getting every coin for a coherent group that fits a certain grade can be difficult.
Morgans also come in a variety of price ranges. Some of these coins are fairly common, especially in high grades, so they aren’t that expensive. This means that beginning and amateur collectors can easily add a Morgan to their collections. On the other hand, because of coin destruction over the years, some Morgans are quite rare and are, therefore, incredibly expensive. Many of the rarest Morgans available today will sell at auction for close to half a million dollars, though a few hundred thousand is a more common going price for them.
Plus, these coins are quite popular because it’s easy to find high-grade specimens. Because they were so unpopular with Americans, many of the coins were never circulated. Some were only passed from bank to bank in bags or were used for major business. For this reason, many of the coins are in excellent shape. This means that only the best grades of the coins are overly expensive, and you can get many middle to high grades for a low prices.
For all these reasons, Morgan silver dollars are among the most coveted of collectors’ coins minted in America. Starting a collection of Morgans is simple, but you just need to ensure that you do your research before investing. Crafting a collection of Morgans takes some time and though, but it can be a fun hobby.
[...] What Makes the Morgan Dollar So Popular [...]