Collecting Morgan Silver Dollars

There are many people who are collecting Morgan Silver dollars around the world. It's among the more well-loved and most collectible of all the American coins. And the history that goes along with them fascinates collectors, which adds to their appeal.

And if you don't have a lot to invest, collecting Morgan silver dollars is your best choice. This is because they are affordable and possess a rather unique design. They are also quite portable, easy to store as well as easy to care for.

Why Morgan Silver Dollars are Excellent Collectibles

The Morgan silver dollars gained importance after the depression of 1873. The process of minting the coins was authorized by the Bland-Allison Act of 1878. The treasury purchased silver from the market and converted them into dollars.

These rare silver dollars were designed by George T. Morgan when his design was chosen over chief engraver William Barber. His monograms can be found on the obverse side of the coins. On the front side, Lady Liberty is crafted and the back side has the eagle as well as arrows.

More Reasons for Collecting Morgan Silver Dollars

The design of these Morgan silver dollars is a symbol of the American strength as well as prosperity. Lady Liberty on the obverse side is depicted in all her radiance, while the eagle on the opposite side is perched on an olive branch which signifies peace. The arrows that are crafted on the coin beneath the Eagle symbolize the military prowess.

And today, the allure of collecting Morgan silver dollars has steadily increased along with the increase of the silver prices. With the coins' historical significance, availability and excitement in obtaining them, collectors are driven to seek them out all around the world. It's an exquisite coin to be added to any collection. Collectors can check into the VAM to determine the variations as well as the rarity of each of the coinage available.

Collecting the Rarest Morgan 1889 Silver Dollar

Among the series of Morgan silver dollars, the rarest are those minted in Carson City in 1889. They gained popularity during the 1950s when the government found them and decided to auction the coins off to collectors. This made them quite attractive to collectors since they were uncirculated. And there were a low number minted and subsequently released.

Collecting Morgan silver dollars can be an excellent hobby, an investment or both. You don't have to shell out a great sum of money in order to get started. As you begin to build your collection, you will be amazed at how many different coins are in circulation.