Digging a ditch to collect water, they found rich black soil that yielded a layer of glittering ore. As experienced miners, the two instantly recognized gold — and they eagerly began to wash away the heavy black soil! This find soon came to be known as the Comstock vein — and it captured the attention of J.
Stone, a veteran of California's gold rush. Stone was curious about the heavy black soil being thrown aside by the ton, so he sent a sample to be assayed in California. Not only did it yield incredible amounts of silver, this find also helped give rise to the Morgan dollar!
The Morgan dollar series had a rough startwhich would give the first-year-of-issue coins an extra measure of interest and historical significance. The trouble began five years before the first Morgan dollars were minted. Under the Mint Act of Februarythe production of circulating Liberty Seated silver dollars came to an end in favor of Trade and gold dollars.
Silver dollars made up less than one percent of circulating silver, so this change didn't have much effect on the public. On the other hand, the silver mine owners out West were outraged — and they began to lobby and pressure their congressmen. After five years of heated debate, Congress finally authorized the production of a new silver dollar in The designer of this new coin was none other than George T.
Morgan — the English-born assistant engraver at the Philadelphia Mint. During Morgan's search for an American girl to represent Liberty, his friend and renowned landscape painter Thomas Eakins suggested Anna Willess Williams, a fellow art student and school teacher. At first, Williams was reluctant to pose for Morgan. In those days, "nice" girls did not model for artists! She insisted on strict secrecy, fearing she would lose her job if the truth were known.
Williams sat for Morgan five times, and he would later declare she had a nearly perfect profile. They were struck at an impressive five U. The Morgan silver dollar series has seen more than its share of key-date issues and exciting, sought-after varieties. All rights reserved. Eustis Road, Littleton, NH This item has been successfully added to your list. This item has been successfully added: Close.It depends on their condition and the date they were minted, among other factors.
Click here for the full morgan silver dollar price chart. You're probably thinking: That's quite a wide range!
Its fine silver weight is 0. Gold and silver are measured in troy ounces. If your Morgan dollar is a special variety, it will likely command a higher price. These varieties are commonly known as VAMs. Some of them have earned fascinating nicknames.
Most VAMs can only be seen under magnification, but a handful are visible with the naked eye. The abbreviation comes from "Van Allen Mallis. Image source: VAMWorld. This causes parts of the design to appear doubled or overlapped. In this case, the effect is most obvious on Lady Liberty's lips. The Hot Lips variety is not especially rare but it is highly collectible.
This variety is from the first year the Morgan dollar was issued. The wing feathers of the eagle on the reverse design are noticeably crude. A portion of the wing exhibits a grainy appearance and is characterized by small raised dots.
A noteworthy pedigree will also influence the price of a Morgan silver dollar. In other words, who owned the coin before? Was it part of a famous collection or hoard?
Value of 1878 (8TF) Silver Morgan Dollar
Sometimes this is also called the coin's provenance. The "PL" designation also adds collectible appeal to any silver coin. This stands for proof-likemeaning the coin has mirrored surfaces. Once unknown, these are now a favorite among collectors. Several different branches of the U. Mint struck Morgan dollars. This is important to know because certain mints produced less coins in a given year than others.
Each branch corresponds to a mintmark. This is a short abbreviation on the coin that tells you the location where it came from:. Silver dollar coins minted in Carson City, Nevada are prized by collectors. The mint sourced its silver from the legendary Comstock Lode.Many date and mintmark combination are worth well above minimum value.
A step by step approach identities key dates, mintmarks, and helps judge collector quality condition. Collected today by date and mintmark, collectors form sets including each year and mint. Each combination is valued separately because of availability, many are highly valued.
Further judgement of condition and surface preservation is needed to narrow how much a Morgan silver dollar is worth.
Morgan Silver Dollar Values
Step 1 follows the value chart. The above are wholesale Morgan Silver Dollar Values. Computed from dealer's price lists with various mark-up factors figured in. They reflect closely the value you would expect to receive when selling. Variations in value do occur subject to subtle grading points, collector demands and dealer needs.
For more background information, see how value listings in the Coin Value Guide are determined. Although these are wholesale Morgan silver dollar values, realize your coins are very popular and in strong demand.
One of the features of the Morgan dollar is the fine detail throughout the design. Liberty is adorned with a Liberty cap and band with "Liberty" inscribed. Above the band are wheat heads with easily recognizable grains and leaves.
Cotton bolls and cotton leaves within the design, are also well detailed. A standing eagle on the reverse with wings upright is a strong symbol of national pride and National bird.
A preference for peace is represented by an olive branch and ability to defend is noted by the eagle holding three arrows. Morgan silver dollars enjoy a large following of collectors. Sets of the coins typically include each date and mintmark variety.The Morgan Silver Dollar features a likeness of Miss Liberty on the obverse and an American bald eagle on the reverse.
While Morgan Silver Dollars are technically called Liberty Head silver dollars, they are more widely known by their namesake designer, George T. It always carries a premium value because of very low production, making it the rarest Morgan Dollar. The San Francisco Mint used an "S". The main mint in Philadelphia did not use a mintmark. It is important to remember when evaluating the overall value and scarcity of any Morgan Silver Dollar that millions of these coins were melted during the early 20th century and again during the silver boom of the late s and early s.
Therefore, you cannot assume the currently existing population for a given date is close to its original mintage figure. For, in many cases, the mintage numbers often grossly misrepresent on the positive side the actual current population of Morgan Silver Dollars. Twitter Facebook.
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Especially popular are early editions like the Silver Dollar, which were the first of their type. With an extravagant design, these coins were an instant hit and continue to be sought after by collectors everywhere even despite their age.
Though well-preserved pieces do exist, they are seldom easy to be found, and even more seldom found in decent condition. For this reason, you will see collectors carefully analyzing every facet of a coin prior to it being purchased.
Under normal circumstances, a coin that is having its condition called into question will be sent away to a professional organization for grading. Understanding that not everyone has the time and money set aside to send their coins away for grading, we have provided below an outline of the different characteristics of the most popular coin grades. Uncirculated: A coin that is determined to be Uncirculated is one that spent very little time, and sometimes none whatsoever, in circulation.
For collectors, finding a Silver Dollar in Uncirculated condition is no simple task. Extremely Fine: Extremely Fine is a coin grade given to pieces that were circulated, but not for very extended periods of time.
These coins will show some light surface wear, but for the most part will appear to be in pristine condition. For collectors, these coins are often preferred over Uncirculated editions simply because they can often be acquired for a lesser price.
Fine: Fine is a middle of the road grade given to coins that have been circulated, but have not incurred the type of damage you would expect to find on a coin that was exchanged for so long.
All in all, coins of Fine grade will have had their surface worn down a bit due to the changing of hands over the years, and consistent surface scratching will be able to be made out. Good: Good is the worst grade a coin can receive, but is not all that uncommon for a piece that is well over one hundred years old.
These coins exchanged hands for an extended period of time, and because of that have had ample opportunities to become damaged and worn. All in all, these coins are a great addition to any collection simply because they are so old and only becoming increasingly difficult to get ahold of. When it comes to trying to determine a price for a given Morgan Silver Dollar, there is no cut and dry way of doing so.
Instead, you must first look at the type of coin you are buying. Secondly, because collectors care so much about condition, the condition of the coin will also play into the asking price. Below is a chart aimed at giving you a better idea of what you might be asked to pay for a Morgan Silver Dollar given its condition and type. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Edit Cart.
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Reset Your Password.Morgan silver dollars are one of the most popular series of United States coins. However, it wasn't always that way. It wasn't until the mids that Morgan silver dollars became extremely popular with coin collectors.
There are special coin clubs that are dedicated to collecting Morgan silver dollars. Morgan dollar specialist from around the world usually meet at every major coin show to discuss new finds and attend educational presentations. Van Allen and A. In Februarythe Bland-Allison Act became law and mandated that the government purchase several million dollars worth of silver every month and coin them into silver dollars.
George T. Morgan was the English engraver that designed the obverse and the reverse of the coin. Production stopped in with coins being produced only at the Philadelphia, New Orleans, and San Francisco mints. When silver dollar production resumed inthe Peace silver dollar design was not ready for the coining presses. Therefore, mint employees revived the Morgan silver dollar design that was used for part of the year until the Peace silver dollar dies were ready for production.
The Morgan silver dollars listed below are worth considerably more than common Morgan silver dollars in any condition. Although not extremely rare, the Morgan silver dollar was minted with four different reverse dies. But after some research, the people at the mint realized that the American bald eagle only has seven tail feathers.
Therefore, they created a new die with a bald eagle with only seven tail feathers and the fletchings on the arrows parallel. The photos below illustrate the difference between these two different coins. A third reverse has a doubled tail feathers with a set of seven tail feathers over a set of tail feathers. A fourth reverse has seven tail feathers with a slightly tilted fletching on the top arrow.
The mint did not produce all coins at all mints in all years. In This Article Expand. History of the Morgan Silver Dollar.
Key Dates, Rarities, and Varieties. Condition or Grade. Mint Marks. Photo Illustrations:. Buy Circ. Sell Unc. Buy Unc. Read More.E-mail Error message here! Password Hide Error message here! Remember me. Lost your password?
Please enter your email address. You will receive a link to create a new password. There are enough CC dollars around to satisfy the needs of the numismatic community, and most are in Mint State, with circulated examples proving more elusive. In all instances, the demand for Carson City Morgan dollars today is greater than for those of any other single mint. The CC mintmark holds a special appeal for collectors and a Carson City Morgan dollar of equal rarity to a Philadelphia, New Orleans, or San Francisco dollar will command a higher price.
Striking quality varies. The eagle on the reverse is flat-breasted, with most showing sharply defined feathers. The luster is usually satiny.
And since this is a branch mint, no Proofs were issued. Much attention is paid to AU examples of the date. Most examples you encounter will be heavily circulated or in perfect condition. Indeed, many tens of thousands of examples are extant, largely from Treasury and later GSA holdings. Look for a bold strike and strong eye appeal when you select this date.
MS is a grade often chosen by Morgan dollar fanciers. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding. The Morgan Dollar series is very popular among collectors. If you have a Morgan Liberty Dollar that you would like to sell, please contact our experts at Coinappraiser. We run rare coin auctions and will find your treasured coin a home where it will be valued.
Contact us today to sell your coin! Remember Me. Remember me Forgot your password? Enter Password Confirm Password. This field is for validation purposes and should be left unchanged. Back to log-in. Can't Email or Call Right Now? I Own Morgan Dollars in this Condition. Heavy Circ. Light Circ. Stack's Bowers Record. Add To My Collection. History, Information, and Value of Morgan Dollar.