Who knows what you could find in that shoe box or album full of old coins. The primary reason being is that Morgans are the most popular and collectible series in all of numismatics. I think it would be useful to narrow down the series into a concise list of 10 dates that you are likely to find and that possess real value. You will more than likely discover these coins in low to mid-range condition, Good to XF with a few AUs. Finding a new finest known specimen in your search would be like hitting the lottery.
Another consideration in devising the top 10 list is to eliminate those dates and issues that are simply so scarce that Examples of such extremely rare finds include proofs, high grade rarities since mostly all coins found will be in lower condition , the S and all Carson City issues.
This top 10 list contains underrated and unknown scarce dates that are more apt to be found in an old family collection. This list contains dates that the average person would not know to look for and set apart from the rest. Please note that the Morgan Dollar issues listed below are in chronological order and not in order of value.
Now that this quest is outlined and expectations are reasonable and attainable, let us embark on our hunt. The S is an underrated semi-key date in the Morgan Dollar series, which comes from a lower mintage of just , coins. Under the Pittman Act, it is believed that nearly half of these coins were melted, making it a rarity in the series. Decades later there were hoards of uncirculated examples discovered, leaving circulated examples scarcer than the average Morgan Dollar.
In March , the Philadelphia Mint struck the first Morgan silver dollars. These first dollars are the 8 Tail Feathers reverse, which were only produced at the Philadelphia Mint. By the middle of March, Mint Director Henry Linderman ordered design changes and new dies had to be made. This created the first-year 7 Over 8 Morgan silver dollar variety from Philadelphia. The last tail feathers reverse design for was the new 7 Tail Feathers variety.
By mid-April, the Carson City and San Francisco Mints had received their coin dies and began preparations to strike the first-year Morgans. Morgan silver dollars were issued from to — and then, after a year hiatus, one final time in And, because the Denver Mint hadn't opened until , the prized last-year Morgans from Denver are the only "D" Mints in the series.
All rights reserved. Eustis Road, Littleton, NH Product Comparison. Assay Office, where precious metals are tested for purity and value. Due to its short operation, coins minted here are generally highly valued. The truly valuable ones feature minting errors.
For instance, Double Die Reverse errors can increase the value. The Philadelphia Mint was established to create a continental national mint after the Constitution was ratified.
This led to the Coinage Act of and the creation of the U. Logically, it housed the first mint. The same Coinage Act also established the dollar unit and decimal coinage system that we still use today. Since there were only , of these coins ever minted, their rarity speaks for itself.
Enthusiasts, however, will add this Morgan Silver Dollar variety to their collections since they represent the interesting minting peculiarities of the Morgan dollar series, which often seem similar to the multitude of die varieties found among the early Silver Dollars. It had a mintage of just , and many of the coins were later melted, accounting for the high value of this Morgan Dollar variety. Morgan Dollars from the Carson City Mint , like that from , are a favorite item for coin collectors.
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