Morgan dollar
The Morgan silver dollar, minted from 1878 to 1904 and again in 1921, stands as a timeless symbol of American numismatics. Named after its talented designer, George T. Morgan, this iconic coin has captivated collectors with its historical significance, striking design, and the allure of rarity. Join us as we embark on a journey into the captivating world of the Morgan silver dollar and explore its enduring collectability.
Historical Background:
The Morgan silver dollar (on eBay) emerged during a period of rapid economic growth and westward expansion in the United States. Authorized by the Bland-Allison Act of 1878, it aimed to monetize silver discoveries from the western states. George T. Morgan, an English-born engraver, was entrusted with the design of this new coin. The obverse featured Lady Liberty, elegantly crowned with the word "LIBERTY," while the reverse showcased a majestic eagle clutching arrows and an olive branch, symbolizing strength and peace.
The Morgan silver dollar's allure to collectors is multifaceted. First, its sheer size and weight, measuring 38.1 millimeters in diameter and weighing 26.73 grams, make it an impressive piece to behold. Furthermore, the series encompasses a plethora of rare and valuable dates, including the 1893-S, 1895, and 1893-CC, which are highly sought after by collectors. The historical significance of the coin, associated with the Wild West era and the silver mining industry, adds a layer of intrigue and nostalgia, further fueling its collectability.
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Varieties and Errors:
The Morgan silver dollar series boasts numerous intriguing varieties and errors that enthusiasts avidly seek. Among the popular varieties are the 1878 7/8 Tail Feather, the 1887/6 overdate, and the 1901-O micro "O" mintmark. These variations add an element of excitement to collecting, challenging numismatists to locate and appreciate the unique characteristics of each coin. Furthermore, the series is known for minting errors such as double strikes, off-center strikes, and die cracks, which further elevate the collectability of specific specimens.
The market value of Morgan silver dollars (on eBay) fluctuates based on factors such as rarity, condition, and collector demand. Grading organizations, such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), assess the condition of coins, assigning them a grade on the Sheldon scale. Higher-grade coins, such as Mint State (MS) 65 or higher, fetch premium prices. Key dates and varieties in exceptional condition command significant premiums, while more common dates in lower grades remain accessible to collectors with varying budgets.
The Morgan silver dollar has cemented its place as a numismatic treasure, enchanting collectors with its rich history, remarkable design, and the allure of rarity. Whether seeking the thrill of completing a full set or the excitement of acquiring specific varieties or errors, the journey of collecting Morgan silver dollars is a captivating and rewarding endeavor.
