If you already have a few Morgan dollars in your collection, you may know some of the details and facts about the coin. If you have not year collected one of the coins, then you may not know its story. In either case, there may be a number of facts and details about the Morgan Type dollar that you do not know.
In fact, it is one very interesting coin from the United States’ history. Once you know the details, you may find yourself wishing to collect more and more of these silver dollars.
1. The Morgan dollar is the most highly collected coin in the United States. This is because there are a wide variety of options with this coin. If you do not have a large amount of investment funds, then you can choose a strike date of more common variety. However, if you wish to make a substantial investment in the coin, you can choose some of the rarer strike dates.
2. The silver used for the Morgan dollars came from the Comstock Lode in Nevada. The Comstock Lode was the largest silver strike in American history.
3. The design for the coins and their name comes from the engraver, George T. Morgan. His mark can be seen at the neck of Lady Liberty on the front of the coin.
4. Morgan dollars were struck between the dates of 1878 and 1904. While all of the strike dates are considered collectible, the most valuable strike dates are 1889, 1893, and 1895. There are very few coins from these three dates in existence, making them highly valuable.
5. The rarity of the Morgan dollar comes from World War I actually. During the wartime, the United States needed funding. In order to provide funding for the war, the government passed an act to melt down Morgan dollars for their silver. In addition, because the dollars are very pure in silver, many have been melted down for bullion.
6. Morgan dollars were struck at five different mints, including Philadelphia, denoted by a P, Carson City, denoted by CC, Denver, denoted by D, New Orleans, denoted by O, and San Francisco, denoted by S.
As you can see, the Morgan dollar is an interesting and highly collectible option for your coin collection. No matter how much money you have to invest, you are sure to find a strike date that fits in your budget among the selections of Morgan dollars.
Tags: silver dollars