Invest In Morgan Silver Dollars
History of Morgan Silver Dollars
The Morgan silver dollar is considered one of the most popular US silver dollars in existence. There are thousands of Morgan silver dollars for sale on eBay and many collectors and investors buying them for numismatic and monetary value. One of the reasons for their popularity is their high appreciation rate. Some of the more rare silver dollars have more than doubled in value in the last five years. These coins make great investments.
It all started when the Camstock Lode silver strike was discovered in Nevada in late 1850’s. The amount of silver was huge and therefore the government passed the Bland-Allison Act that deputed the Treasury to purchase silver weighing 2 to 4 troy ounces every month. The purchased silver was converted to American dollar coins that saw circulation for 26 years between 1878 and 1904 and once again later for another year in 1921.
The Dollars get their name from their designer George Morgan. It is estimated that although more than 500 million Morgan coins were coined between 1878 and 1974, a large majority of these dollars never left the Mint until 1960.
Investment in Morgan Silver Dollars
Leroy C. Van Allen and A. G Mallis published a book listing all the die varieties of the Morgan dollars around four decades ago. The listing introduced subcategories into the Morgan Silver Dollars that were until now categorized only according to the years in which they were minted.
Certain grades of Morgan dollars became very rare and therefore very precious after VAMs (acronym for Van Allen and Mallis) came into the picture. Some of these rare coins sell for as high as a couple of hundred thousand dollars and are used for large investments. Examples of such rare coins are 1889-C, 1893-S and coins minted in the year 1895.
Before you buy Morgan Silver Dollars, be very sure about the genuineness of the specimen that you purchase as many cases of forgery and tampering have been reported. Also, make sure that you do your homework thoroughly and know which coins are actually precious and which ones are worth for only a few dollars.
While there are many bullion gold coins for sale these coins usually have little historic or numismatic value. If you are looking to invest in coins then you should consider purchasing Morgan silver dollars which have both numismatic and precious metal value. If the price of silver were to plummet tomorrow Morgan silver dollars would still be valuable due to their historic worth and their value to coin collectors. These coins are found at auctions, both online and offline and are available to people who are looking for investment or those who are interested in coin collecting. Once purchased, keep these dollars in the safest place that you can imagine and access as these coins will become more valuable as more years pass by.
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