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Friday, December 16, 2011
Morgan silver dollar
Do you have collection of coins and banknotes? Did you collect these stuffs on purpose or just for fun? Either way you are considered as numismatist. Among your coin collection what is the rarest? For most coin and banknote collectors the Morgan Silver Dollar is one among the ten most rarest and expensive coin around the world. Morgan silver dollar Coin. The Morgan is probably one of the most popular of the silver dollar coins for antique and coin collectors both amateur or professional collectors. The Morgan was minted for several years spanning from 1878 until 1904 and again for a year in 1921. The name of the coin came from the talent behind the design, which came from George T. Morgan. Morgan designed both sides of this fantastic coin. The Morgan silver dollar consists of a silver content of 0.7734 troy ounces of silver and a fineness of .900 per coin. The Morgan Silver Dollar is a special coin made in the United States as a result of the Bland-Allison Act of 1878. The late 1850s brought about one of the largest silver strikes to ever be seen in Nevada: the Comstock Lode. This strike devastated the prices of silver everywhere. The Bland-Allison Act was initiated by Congress to get the Treasury Department to buy up large quantities of silver and have it made into coins. The answer was to make them into silver dollars. The most common Morgan Dollar for this year is from the Philadelphia mint which have no mint mark. Now if it is in exceptional condition, mint state 65 or above it can be worth quite a bit. Look at the high points of the coin like the eagle feathers you want to see a high luster and no signs of wear.