1889 Morgan Silver Dollar Silver Content

The 1889 Morgan silver dollar, silver content is something that you should be aware of if you're a coin collector or thinking of becoming one. These coins are quite popular among investors and collectors alike. This is mainly because they sell for reasonable prices, contain a large percentage of silver and are a beauty to behold.

Getting the correct information about the 1889 Morgan silver dollar silver content can help ensure that you're equipped with the information you need when purchasing or selling one. These coins are an excellent way to invest your money as long as you have the right knowledge first. This way you can rest assured that you have indeed made an excellent investment.

Now for the 1889 Morgan Silver Dollar, Silver Content

The Morgan silver dollar is a coin minted from the years 1878 to 1904 and was minted again during 1921 for another year. The process was authorized by the Bland-Allison Act of 1878 and was designed by George T. Morgan, as the name of the coin implies. On the front side, the Lady Liberty can be found. And at the back, an eagle holding arrows as well as an olive branch can be seen.

And for the 1889 Morgan silver dollar, the silver content has a total of 24.057 grams or 0.77344 ounces per coin. It contains 90% pure silver and 10% copper. The durability of silver and copper is what makes the coin perfect for long term investments.

Its total mass is 26.73 grams. And the diameter is 38.1 mm with 3.1 mm in thickness. And if you look into the present day price of silver, you will see that the value is well above the dollar you would get if you were to use it as an everyday coin. So whatever you do, don't use any Morgan silver dollar at your local grocery store to make your next food purchase.

Now, these figures are for the original minted coins. If the coin has been in circulation or had lots of wear, this silver content amount will decrease accordingly. So, do keep that point in mind as well.

Points to Remember for Investing in the Silver Dollar

To start with, you need to keep in mind to not be fooled by uncirculated grading when it comes to these particular coins. Although, there were half a billion Morgan silver dollars that were minted, many of them didn't leave the United States mint until 1960. Therefore, uncirculated grade for Morgan dollars is really not an uncommon occurrence.

The point to remember is to not be fooled by dealers who price a coin quite high because it's an uncirculated dollar. For the more rare coins this may be the case. But for others, make sure you know the type and year of the coin well before making any purchase. And always use a dealer you can trust until you have enough experience to know exactly what your looking for.

It's also important to buy the highest grade Morgan silver dollar available. These items can be more expensive than others you find for sale but they are considered better investments due to their rarity in age of encapsulation. And once again pay attention to the source determining the grade as not all dealers may have the same grading standards.

As stated above the 1889 Morgan silver dollar, silver content is 90% silver and the other 10% is copper. Remember the tips on how to purchase the right ones to get the most for your money. These coins are quite valuable. Hence, you do need to store and care for them properly.