These old U. Silver coins have many attractive features that make them a popular seller. Some of these features are:. Smaller units of silver are more convenient to sell when necessary. Some types, particularly the half dollars, already command premiums because of their perceived collectability. As more time passes, these historic coins may gain a collector base that adds to their value. The premiums are lower compared to government issued pure silver coins like the Silver Maple Leaf and Silver Eagle.
If you are interested in purchasing U. For price indications, refer to our Daily Quotes Price Page. Half Dollars are extra. Troy Actual Silver Weight: Good News for Numismatics. Morgan Dollars invoke images of western salons and honky-tonks, with cowboys raising the stakes at poker games, and stagecoach robberies from outlaws looking to score a cache of these big, beautiful silver dollars. From to , and again in , million Morgan Dollars were produced in 96 different date-and-mint combinations, over the 27 years of Morgan production.
Over the years, hundreds of millions of Morgan Dollars were melted. Items 1 - 24 of This Act was especially important in the history of the United States, because it established the U. Mint in Philadelphia and specified the Silver Dollar as the highest-denomination silver coin.
The first U. Silver Dollars were struck in , but American merchants kept the heavier and more valuable Spanish coins for themselves and exported the lighter U. As a result, U. For this reason, Silver Dollar coinage was suspended in In , Congress re-established the Silver Dollar with a slightly lighter weight of Even at this time, most Americans rarely saw a Silver Dollar in circulation, because most were held in bank vaults, exported, or melted for their precious silver bullion.
This situation led to the Act of which eliminated the Silver Dollar from regular U. Bland with amendments made to it by Senator William B. It was passed in Congress in February of This act restored silver as legal-tender. It also included verbiage stating that the government would mint 2 million silver dollars per month, leading to the origin of the Morgan Silver Dollar.
Below is a brief overview of the major events that affected Morgan Silver Dollars. Morgan Silver Dollars were minted continuously from until By the early s the Comstock Lode was exhausted and the silver bullion supply ran out. As far as Morgan and the rest of the nation was concerned, the era of the Silver Dollar had come to an end.
By this time, most Americans preferred to use paper money instead of carrying around heavy Silver Dollars. In fact, Silver Dollars circulated widely only in the sparsely-populated West, but in the rest of the country they were stockpiled in banks and U. Treasury Department vaults. In , Congress passed the Pittman Act to replenish the government's reserves of silver bullion by officially melting millions of the Morgan Silver Dollars stored in Treasury vaults.
As a result, over ,, Morgan Dollars were melted - almost half the entire mintage from The Pittman Act also required the government to purchase more silver to replace the melted coins, so the Morgan Silver Dollar was briefly revived one more time in until it was replaced later in the year with the Peace Silver Dollar.
The majority of Morgan Dollars found today can be linked to one of four major hoards. Morgans in these hoards were generally kept in bags, hence the "bag marks" you will find on Morgans today.
Bag marks are caused from the coins coming into contact with each other. In total, the number of coins that have survived to this day are small. One leading authentication service estimates that they have seen 1. Rounds contain the same amount of silver purity, just lack the legal tender denomination of their coin counterparts. Her portrait occupies the obverse of the coins, with the reverse displaying the Heraldic Eagle. Unlike other forms of silver bullion, Morgan Silver Rounds do not require invasive paperwork upon liquidation from the company that you sell to.
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