Morgan Silver Dollars, minted from 1878 to 1921, are America’s most-collected coins. They appeal to new collectors because of their beauty and popularity . . . AND because of their great affordability. Morgans also appeal to experienced collectors for the very same reasons, PLUS the additional fact that key-date Morgan Dollars are scarce to extremely rare, appealing to those with a bigger budget who may be seeking diversification from more traditional assets.
There are a number of ways today that you can build impressive and valuable collections of Morgan Silver Dollars that generate tremendous satisfaction and true ”Set’s Appeal.” In addition to typical grade, date and/or mint sets of Morgans, increasing numbers of collectors now seek to acquire sets of the dozens of minting die variations that exist within the Morgan Dollar series. Known as ”VAM” varieties (”VAM” being an acronym for the two numismatists, Leroy Van Allen and George Mallis, who studied the Morgan series and discovered slight minting differences from one coin to another) these coins can provide the ambitious collector with a fascinating challenge to discover and collect sets of these unique Morgan Dollar varieties.
The classic Morgan Silver Dollar is not only a work of art, it is also a coin of great historical significance. Morgans are the most common of all 19th century American coins in mint condition because they were not struck for the purpose of general circulation, but rather to guarantee a market for the silver mine owners of the time! Morgan Silver Dollars are more than just coins, they are part of the very spirit of America from the taming of the frontier to the phenomenal growth of the early 20th century. Their historical significance is unparalleled. They are a rare and highly liquid investment giving them mass appeal.
Although hundreds of millions of Morgan Silver Dollars were minted between 1878 and 1904, it is estimated that nearly half of these coins were destroyed on government orders through large-scale meltings of the coins, which began in 1883. The Pittman Act of 1918 alone, for example, mandated the ”recycling” of 350 million U.S. silver dollars back into silver bullion ingots. Nevertheless, increased pressure from the powerful silver lobby resulted in the government again minting more than 86 million additional Morgan Dollars in 1921, at the Philadelphia, San Francisco and Denver mints, the three mints then in operation.
Whether you are new to the rare coin marketplace, or a seasoned pro . . . whether you are looking for a gem-proof coin, a mint-state coin, or a number of coins to build or finish out a complete set . . . whether you are interested in a great deal now, or just want to investigate, chances are Monaco Rare Coins can and will be a valuable resource for you, especially if you are looking for the best deals available on Morgan Silver Dollars.
Monaco offers a complimentary Morgan Dollar ”Personal Portfolio” brochure featuring on two facing pages a convenient checklist of the Morgan Dollar coins issued by date and mint mark. You can download a copy using the link provided, or you can call a Monaco Account Representative to have your full-color ”Personal Portfolio” mailed to you.
For those who are just starting out collecting Morgan Dollars, Monaco Rare Coins offers first-time customers the opportunity to purchase an ”instant collection” of twenty (20) certified Brilliant Uncirculated Morgan Silver Dollars – including 20 different dates and/or mint marks – at our regular low 20-coin lot price . . . and to receive another certified Morgan for just a dollar more. That’s right, you pay just one dollar for your extra certified coin.
For both novice and veteran collectors, Monaco can quickly locate and acquire most any Morgan Silver Dollar you’re looking for that we either don’t feature in our online store or don’t currently have in inventory. Call us for an up-to-the-minute inventory update . . . and/or give us a list of the coins you wish to acquire, and we’ll work with you to get you the coins you need at a great price.
DID YOU KNOW???
Far and away the most coveted coin in the Morgan Dollar series is the 1895 (Philadelphia-minted), issued that year in Proof only. It is featured prominently in 100 Greatest U.S. Coins, a book endorsed by the Professional Numismatists Guild. In 2005, Monaco Rare Coins sold the finest-known example of this rare issue, in exquisite Proof-69 Deep Cameo condition, for a stunning $325,000. In fact, over the last several years, Monaco has handled a number of these ultra-rare coins as well as other important key-date Morgans, making us one of the country’s foremost Morgan Dollar specialists. With this broad experience and expertise, Monaco can offer you the best values available on Morgan Silver Dollars, be they key-date, semi-key-date or spectacular proof specimens.