1889 Morgan Silver Dollar Value

The 1889 Morgan Silver dollar value is great numerically as well as historically. And there are some other factors that determine its value, such as the condition of the coin as well as where it was minted among others.

So, let's take a closer look at a few of the characteristics that affect the 1889 Morgan Silver dollar value. To begin with, this is a special coin which was made in the United States as a result of the Bland-Allison Act of 1878. Based on this act, large quantities of silver were bought and made into silver dollars.

Understanding The 1889 Morgan Silver Dollar Value

As stated earlier, the 1889 Morgan Silver dollar value varies according to the condition as well as the mint location. However, there are also other factors that can determine the worth of these coins which include the VAMs. VAM stands for Van Allen-Mallis and implies the varieties of dies that existed during the production of these dollars. Each VAM can be linked to a specific mint mark which can produce different combinations that can affect the rarity value.

These silver dollars were minted from 1878 through 1904 and were once again produced in the year 1921. The name came from its designer who was George Morgan. All of the Morgan dollars have a silver content of 900, which denotes that each one is 90% pure silver.

However, the silver dollar has suffered losses in inventory since the beginning. With the Pittman Act of 1918, approximately 270 million silver dollars were melted down. Today, the silver dollars also suffer the same fate and every time the cost of silver rises, more of the coins are being melted by private individuals. Hence, the value of their silver content outweighs their face value.

1889 Morgan Silver Dollar Value Based on Mintmark, Characteristics and Varieties

The Morgan Silver dollar is quite popular to the public as well as coin collectors. Those minted in Philadelphia don't have a mint mark while others have designated initials such as O for New Orleans, CC for Carson and S for San Francisco. And this mint mark is located on the reverse side of the coin right below the wreath. It also has a weight of 26.73 grams and a diameter of 38.1 mms.

This coin is unique and quite special, which is why it holds the interest of the public. It's also sought after because of the several varieties that went into their design as well as development. Collectors who are looking for Morgan dollars with higher value opt for those minted from Carson since there are fewer of these coins available. And they symbolize the old west which gives them a historical value cherished by many.

Collecting coins can be an exciting as well as a profitable hobby. The Morgan silver dollar has become popular with its beautiful design and uniqueness. And the 1889 Morgan Silver Dollar value has many factors to consider which holds the interest of most collectors.