For some people, keeping collections of coins is just a personal hobby. However, many collectors view it as a passion and a form of investment. One of the most famous coins in the U.S. is the Morgan Silver Coin. First minted in 1878, these coins have become one of the most prized possessions of collectors. In this article, we will discuss all you need to know about US Morgan Silvery Coin, including their history, design, value, and some tips on how to collect them.
History of Morgan Silver Coins
Morgan Silver Coins were named after the designer, George T. Morgan, who created the coin’s design in 1878. These coins were in production from 1878 until 1904, and after a 17-year hiatus, they were again minted in 1921. The coins were made of 90% silver and 10% copper. They were originally produced as a response to the Coinage Act of 1873, which eliminated silver dollars from circulation. The production of these coins ended in 1921, which makes them even more rare and valuable.
Design of Morgan Silver Coins
The obverse side of the Morgan Silver coin features Lady Liberty’s head facing left and surrounded by 13 stars representing the original colonies. Directly beneath Lady Liberty is the year of mintage. The reverse side of the coin features a bald eagle with its wings spread, holding an olive branch and arrows in its talons. Surrounding the eagle are the words “United States of America,” “One Dollar,” and “In God We Trust.” The design was considered groundbreaking at the time, and the Morgan Silver Coin became one of the most beautiful coins ever produced in the U.S.
Value of Morgan Silver Coins
The value of Morgan Silver Coins can vary. Initially, the value of the coin was $1.00. However, depending on the year of mintage, condition, and other factors, the value can go much higher. For instance, a 1901-S Morgan Silver Coin in uncirculated condition can fetch up to $100,000. Collectors are always on the lookout for rare coins, and the Morgan Silver Coin is no exception. The coin’s rarity and historical significance make it highly valuable to collectors.
Tips for Collecting Morgan Silver Coins
If you are new to collecting coins, one tip is to research as much as possible. Familiarize yourself with the coins, their history, and their value. Some collectors prefer to collect coins in mint condition, while others like the charm and character of worn or circulated coins. Consider purchasing from reputable coin dealers, and be sure to also check the coin’s authenticity. Preservation is another crucial aspect of coin collection. Keep the coins in a dry, cool place, and try to avoid handling them too much. Too much handling can devalue the coins over time.
Conclusion:
U.S. Morgan Silver Coins are magnificent examples of art and history. They were produced during a time when the U.S. was undergoing rapid change and development. For collectors, these coins have become some of the most rare, valuable, and fascinating pieces that have been produced in the United States. Studying the history, design, and collection of Morgan Silver coins can be fulfilling and rewarding. We hope this article has provided you with some useful information about these coins, and how you can start collecting them.