MS65 Morgan Dollars at a Steal for Their Rarity
By Brian Zweig
The Morgan silver dollar is arguably the most popular item in American numismatics. These big, beautiful coins are historically intriguing and visually impressive. Holding one in your hands evokes images of the Wild West, old-time saloons, and gambling halls of a bygone era. Indeed, the Morgan dollar owes its existence to Nevada mining interests—and the coin saw its heaviest use in the West. Whereas Americans on the East Coast were more likely to embrace the $1 paper note, Westerners preferred to hold real money in the form of silver dollars.
The Morgan Silver Dollar: A Rare Piece of History
In 1878, the Bland-Allison Act was passed by Congress. In essence, this piece of legislation required the U.S. government to acquire between 2 to 4 million ounces of silver monthly. President Hayes actually vetoed the bill, but Congress pushed it through with huge majorities voting in favor of the legislation. Once the ink was dry on the new act, the U.S. Mint started working on a new silver dollar coin. The task fell to George T. Morgan, a young but talented engraver who was already experimenting with new motifs for America’s silver coins.
The subject matter of Morgan’s silver dollar design wasn’t groundbreaking, but it was superbly executed. Sticking with tradition, Morgan had a female figure of Liberty on the obverse and an outstretched eagle on the reverse. This general theme had existed since the 1790s, but Morgan’s rendition was extraordinarily beautiful. The coin shows exquisite and intricate design detail, especially with regard to Liberty’s flowing hair curls and the eagle’s feathers.
It’s not just the design that makes Morgan dollars beautiful—one cannot ignore their booming luster. Morgan’s design was superbly proportioned and formatted. As a result, most Uncirculated Morgan dollars exhibit outstanding “cartwheel” luster. They have a type of radiant flash the likes of which is rarely seen on any other U.S. coin.
Amazingly, despite their rarity, MS65 Morgan dollars are available for about $100-150 in today’s market. This strikes us as outstanding value. From 1970’s and early 1980’s, an MS65 Morgan from a common date could have set you back hundreds, if not thousands of dollars.
Today, at just over $100 per coin, these Morgans appear vastly undervalued—and hold the potential to grow tremendously.
Think about that. Today you can get upwards of 10 certified MS65 Morgans for the price of one just 20 years ago. Considering their fascinating backstory, undeniable beauty, and broad appeal, MS65 Morgans should trade for substantially more. This is the kind of coin that can be appreciated by a wide audience, including novice collectors.
The ability to own 10 or more historic, high-grade, certified, and storied Morgan dollars at this price is truly remarkable.
• Buy 10 or more coins at $110 each with free shipping!*
• Buy 50 or more coins at just $108 each with free shipping!*
Each coin is graded MS65 by PCGS or NGC and is selected by our numismatic experts for the utmost quality. In addition, each set will be delivered in a hard, plastic slab box for easy storage and presentation. These coins are more than just a store of value—they’re fantastic conversation pieces and a pleasure to study. That’s why we want to include a convenient way to view and display your collection.
To add these incredible Morgan silver dollars to your portfolio today, please call us at 800-831-0007 or email us.
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Minimum order is 10 coins. Free shipping, handling, and insurance are available at any quantity. The year of the coin you receive cannot be guaranteed prior to ordering. Offer expires Wednesday June 19, 2019, or while supplies last.