The Morgan Dollar was a dollar coin that was minted from 1878 to 1921. This was the first standard silver dollar minted since the previous design of The Seated Liberty Dollar. The Seated Liberty Dollar was stopped being made due to the Fourth Coinage Act. This act ended the free coining of silver. The Morgan Dollar is named for its designer George T Morgan. Mr. Morgan was the United States Mint Assistant Engraver.
The Morgan Dollar profiles a portrait portraying Liberty while the other side details an eagle with outstretched wings. There were actually two die that were cast for this coin. The first one had eight eagle tail feathers on it, but after some research, it was realized that it should have only had seven tail feathers on it. This unfortunately hasn’t made either mint more valuable than the other. The average uncirculated coin price will vary from approximately $ 41.00 to $ 100,000. The circulated coins range from approximately $ 24.00 to $ 25,000.
There are many factors that will determine the value of your coin. If it is used or circulated, this will lessen its worth. However, an uncirculated coin will have a higher value. All of the coins are made from 90% silver and 10% copper and they contain exactly 0.77344 troy ounces of silver. The average uncirculated Morgan Dollar has increased almost quadruple since 1970. Each coin has $ 20.88 worth of silver that it has been made with.
The Morgan D Dollars were produced with five mints. Philadelphia, which had no mark on it, Carson City Nevada which has “CC” mark on it, New Orleans has an “O” mark, Denver has “D” mark and San Francisco that has an “S” mark on it. The mint mark is on the back of the coin just below the wreath. The value that you will receive for your coin will vary and depend upon the condition and mint (if there is one) of your dollar.
One way to ensure that you get top pay for your coins is to keep them organized and in protective sheaths. Educating yourself on the coins will help protect your interests also. You never want to clean a coin. This will DE-value it and lessen the sale value for a collector. Learn how the coin market works. Coin collecting is a hobby that thousands of individuals love to do each day.