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Easy methods to Establish Uncommon Morgan Silver Dollars in Your Collection
Morgan Silver Dollars are among the most popular and highly sought-after coins in the world of numismatics. These iconic coins were minted in the late 19th and early twentieth centuries, and despite their age, they continue to be highly valued by collectors. Some Morgan Dollars, however, are rarer than others, making them particularly desirable and valuable. Identifying uncommon Morgan Silver Dollars in your collection could be an exciting pursuit, however it requires a keen eye and a fundamental understanding of what makes these coins stand out. In this article, we'll guide you through some essential steps for identifying uncommon Morgan Silver Dollars.
1. Understand the Basics of the Morgan Dollar
Earlier than diving into what makes sure Morgan Dollars rare, it's essential to understand the fundamentals of the coin. The Morgan Silver Dollar was minted between 1878 and 1904, and once more in 1921. Designed by George T. Morgan, the coin encompasses a profile of Liberty on the obverse and an eagle on the reverse. The coin’s composition is ninety% silver and 10% copper, and it has a diameter of 38.1 millimeters.
Morgan Silver Dollars were minted at a number of U.S. mint places, together with Philadelphia, San Francisco, Carson City, New Orleans, and Denver. Coins from sure mint places are considered rarer and more valuable than others. For example, coins minted in Carson City are among the most coveted.
2. Examine the Mint Mark
One of the essential options to look at when identifying rare Morgan Silver Dollars is the mint mark. The mint mark indicates where the coin was produced and might significantly affect its rarity. The mint marks found on Morgan Dollars embrace:
- No Mint Mark (Philadelphia Mint): Coins minted in Philadelphia haven't any mint mark. While these usually are not as uncommon as these from other mints, certain years with no mint mark are still highly desirable.
- S (San Francisco Mint): Coins minted in San Francisco tend to be more widespread, however certain years, particularly these with lower mintage numbers, are worth more.
- CC (Carson City Mint): Coins minted in Carson City are some of the most valuable Morgan Dollars. As a result of relatively low production numbers at the Carson City Mint, these coins are sometimes rarer and command premium prices.
- O (New Orleans Mint): Coins from the New Orleans Mint are generally less valuable than Carson City or San Francisco coins, but they still have a loyal following of collectors.
- D (Denver Mint): The Denver Mint produced Morgan Dollars only in 1921, making this a uncommon mint mark for this coin series.
3. Look for Low Mintage Years
The rarity of a Morgan Silver Dollar is commonly determined by how many had been minted in a particular year. Some years had very low mintage numbers, making these coins more scarce and valuable. As an example, coins minted in 1893, 1895, and 1921 are particularly notable:
- 1893-S: This coin is likely one of the rarest Morgan Dollars and is known for its extraordinarily low mintage. Only round 100,000 of these coins were struck, making it a highly coveted item for collectors.
- 1895: The 1895 Morgan Dollar is one other rare coin, particularly because it was not widely circulated and most of the coins were either misplaced or melted down. The 1895 proof coin is especially valuable.
- 1921: Though millions of 1921 Morgan Dollars had been minted, the Denver Mint issued only a limited number. In consequence, the 1921-D coin may be a lot rarer and more expensive than different 1921 coins.
4. Assess the Condition of the Coin
The condition or grade of a coin plays a critical role in determining its rarity and value. The higher the quality of the coin, the more it is worth. Grading Morgan Dollars includes inspecting the coin for signs of wear and damage, as well as evaluating the quality of its design details.
The Sheldon Scale is commonly used to grade coins, with grades ranging from 1 (poor condition) to 70 (mint state). Morgan Silver Dollars that are in Uncirculated condition (grade 60 or higher) are particularly wanted, particularly if they're rare dates or mint marks.
5. Look for Unique Variations and Errors
Often, Morgan Silver Dollars were struck with errors or variations that make them highly collectible. Common errors embody misstrikes, overdates, or double dies. For example:
- Double Die Obverse: This is among the most well-known error forms of the Morgan Dollar. It occurs when the die strikes the coin a number of instances, causing the design to seem doubled.
- Overdate: In some years, the date on the coin was altered, creating an overdate variety. These can typically be noticed by closely inspecting the digits within the year.
6. Research and Consult Consultants
Identifying rare Morgan Silver Dollars may require some research and consultation with experts. There are quite a few resources available for collectors, including books, on-line databases, and professional grading services like the Numismatic Guaranty Company (NGC) and Professional Coin Grading Service (PCGS). These organizations will help confirm the authenticity and rarity of your coin.
Conclusion
Identifying uncommon Morgan Silver Dollars in your assortment generally is a rewarding experience for any numismatist. By understanding the fundamental traits of the coin, paying attention to mint marks, low mintage years, coin condition, and potential errors, you'll be able to quickly spot valuable pieces. With a little research and attention to element, you'll be able to uncover uncommon treasures hidden in your collection, growing both your knowledge and your collection’s value. Whether or not you’re a seasoned collector or just starting, the world of Morgan Silver Dollars provides plenty of opportunities to find something truly special.
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