Before getting in to the main features of the Morgan Silver Dollar, its necessary to look at the background of the silver coin. The Morgan Silver Dollar is today one of the most sought after silver coin amongst coin collectors. This silver coin was first minted in 1878 following the passing of the Bland-Alison Act. The Morgan Silver Dollar was given the name of its designer, George T. Morgan.
Due to political pressure, big and powerful silver mining companies attempted to stabilize the price of silver at artificially inflated prices and as a result this led to legislative action. Bland-Alison resulted in the mass production of silver dollars, which in turn resulted in millions of "cartwheels" being stored in banks and Treasury vaults.
In fact, very few coins in history have been released in more dubious conditions than the Morgan silver dollar. Production or minting of the silver coin continued until 1904, and then also continued for another year in 1921, when production finally came to a finish.
Since the above events, Morgan Silver Dollars have become one of the most sought after coins in the numismatic world. Features like its physical size, supply, elegance and its historical importance have regularly lured many new buyers. Numerous bust and boom cycles have since come and gone, some of these cycles have been driven by pure speculative motives, but when looking from a long term perspective most of the price movements have tended to be positive.
However, I'm a strong believer that the collection of Morgan Silver Dollars should not be purely for investment purposes. Rather I believe the purchase of Morgan Silver Dollars should be for a collectors numismatic yearnings to acquire there piece of history. Whilst I do believe the future value of these silver coins will be significantly higher than the purchase price, if held on to for many years.
If a survey company were to conduct a poll amongst US coin collectors, the Morgan Silver Dollars would almost certainly win the vote as the most appealing coin in US coinage history. These coins are most definitely the coin which creates the most interest amongst coin collectors. The ironic thing about the Morgan silver dollars is that these particular silver coins remained hidden in Treasury vaults, unseen, unwanted and unloved for the better part of a century. What amazing turnaround this coin has undergone.
Due to political pressure, big and powerful silver mining companies attempted to stabilize the price of silver at artificially inflated prices and as a result this led to legislative action. Bland-Alison resulted in the mass production of silver dollars, which in turn resulted in millions of "cartwheels" being stored in banks and Treasury vaults.
In fact, very few coins in history have been released in more dubious conditions than the Morgan silver dollar. Production or minting of the silver coin continued until 1904, and then also continued for another year in 1921, when production finally came to a finish.
Since the above events, Morgan Silver Dollars have become one of the most sought after coins in the numismatic world. Features like its physical size, supply, elegance and its historical importance have regularly lured many new buyers. Numerous bust and boom cycles have since come and gone, some of these cycles have been driven by pure speculative motives, but when looking from a long term perspective most of the price movements have tended to be positive.
However, I'm a strong believer that the collection of Morgan Silver Dollars should not be purely for investment purposes. Rather I believe the purchase of Morgan Silver Dollars should be for a collectors numismatic yearnings to acquire there piece of history. Whilst I do believe the future value of these silver coins will be significantly higher than the purchase price, if held on to for many years.
If a survey company were to conduct a poll amongst US coin collectors, the Morgan Silver Dollars would almost certainly win the vote as the most appealing coin in US coinage history. These coins are most definitely the coin which creates the most interest amongst coin collectors. The ironic thing about the Morgan silver dollars is that these particular silver coins remained hidden in Treasury vaults, unseen, unwanted and unloved for the better part of a century. What amazing turnaround this coin has undergone.
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Want to learn more about a silver coin. Stop by Joseph Blackshort's site where you can find out all about the Morgan Dollar.
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