If you're interested in selling your silver dollars, read this article first before you sell Morgan silver dollars.
Also known as the Liberty Head due to its characteristic Lady Liberty design, Morgan silver dollars were first minted in the late 1870s after the passing of the Bland-Allison Act which sought for the creation of a new dollar currency. The Morgan silver dollar eventually received its current name from the designer George Morgan who oversaw the design and minting of the first Morgan silver dollars. A colored history following that first minting is why the decision to sell Morgan silver dollars can be a huge investment gain for you.
At the time these coins were produced, there were five U.S. Mints in operation, including the San Francisco, Denver, Carson City, New Orleans, and Philadelphia mints. The way to determine at which mint the coins were produced is by viewing the reverse side of the coin below the wreath. A letter will signify the mint, with an "O" signifying New Orleans and the absence of a mint mark signifying Philadelphia. While there are some extremely rare and expensive Morgan silver dollars, such as the 1895 proof Morgan silver dollar, which has demanded as much as six figures in high end uncirculated condition, this is clearly the exception when selling Morgan silver dollars.
Other Morgan silver dollars minted in 1895 also bring a nice premium due to the low mintage of the coin, but on a relative basis, fall well short of the type of money that an 1895 proof Morgan silver dollar can bring when selling Morgan silver dollars. For comparison purposes, it should be pointed out that most Morgan silver dollars are common date coins.
Now that we've discussed a bit of the history surrounding Morgan silver dollars, we'll now cover some helpful hints and guidelines if you've made the decision to sell Morgan silver dollars.
1. First and foremost, always have your coins evaluated and appraised by an established coin dealer that conducts coin appraisals. This service may be offered for free or for a fee, but a general rule of thumb is that most family owned coin dealers offer coin assessments at no charge.
2. One coin appraisal isn't typically enough, unless you've already called around and obtained pricing for your Morgan silver dollars. If you haven't, then we recommend that you obtain more than one estimate so that you can feel confident that you're receiving a fair price when you sell your Morgan silver dollars.
3. Alternatively, you can have your coins appraised online if you wish to sell your coins online. There are coin dealerships that offer to evaluate coins that you can send through mail. If bought, you can expect to be reimbursed for a portion of your shipment fees.
4. As a general rule, it's a good rule of thumb to avoid auction sites when you sell Morgan silver dollars. The reason being is that they charge substantial listing an final auction fees. Furthermore, since auction sites tend to favor buyers over sellers, there's the possibility of losing a substantial amount of money if there's a dispute and the auction service finds in favor of the buyer.
With the demand for silver dollars, the decision to sell Morgan silver dollars could not have come at a more opportune time. Check to see if you have Morgan silver dollars in your coin collection, from an estate, or as an inheritance. Have them evaluated, select a coin dealer that offers competitive prices, and cash them out for top dollar.
Also known as the Liberty Head due to its characteristic Lady Liberty design, Morgan silver dollars were first minted in the late 1870s after the passing of the Bland-Allison Act which sought for the creation of a new dollar currency. The Morgan silver dollar eventually received its current name from the designer George Morgan who oversaw the design and minting of the first Morgan silver dollars. A colored history following that first minting is why the decision to sell Morgan silver dollars can be a huge investment gain for you.
At the time these coins were produced, there were five U.S. Mints in operation, including the San Francisco, Denver, Carson City, New Orleans, and Philadelphia mints. The way to determine at which mint the coins were produced is by viewing the reverse side of the coin below the wreath. A letter will signify the mint, with an "O" signifying New Orleans and the absence of a mint mark signifying Philadelphia. While there are some extremely rare and expensive Morgan silver dollars, such as the 1895 proof Morgan silver dollar, which has demanded as much as six figures in high end uncirculated condition, this is clearly the exception when selling Morgan silver dollars.
Other Morgan silver dollars minted in 1895 also bring a nice premium due to the low mintage of the coin, but on a relative basis, fall well short of the type of money that an 1895 proof Morgan silver dollar can bring when selling Morgan silver dollars. For comparison purposes, it should be pointed out that most Morgan silver dollars are common date coins.
Now that we've discussed a bit of the history surrounding Morgan silver dollars, we'll now cover some helpful hints and guidelines if you've made the decision to sell Morgan silver dollars.
1. First and foremost, always have your coins evaluated and appraised by an established coin dealer that conducts coin appraisals. This service may be offered for free or for a fee, but a general rule of thumb is that most family owned coin dealers offer coin assessments at no charge.
2. One coin appraisal isn't typically enough, unless you've already called around and obtained pricing for your Morgan silver dollars. If you haven't, then we recommend that you obtain more than one estimate so that you can feel confident that you're receiving a fair price when you sell your Morgan silver dollars.
3. Alternatively, you can have your coins appraised online if you wish to sell your coins online. There are coin dealerships that offer to evaluate coins that you can send through mail. If bought, you can expect to be reimbursed for a portion of your shipment fees.
4. As a general rule, it's a good rule of thumb to avoid auction sites when you sell Morgan silver dollars. The reason being is that they charge substantial listing an final auction fees. Furthermore, since auction sites tend to favor buyers over sellers, there's the possibility of losing a substantial amount of money if there's a dispute and the auction service finds in favor of the buyer.
With the demand for silver dollars, the decision to sell Morgan silver dollars could not have come at a more opportune time. Check to see if you have Morgan silver dollars in your coin collection, from an estate, or as an inheritance. Have them evaluated, select a coin dealer that offers competitive prices, and cash them out for top dollar.
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Want to find out more about how to sell Morgan silver dollars, then visit Atlanta Gold and Coin Buyers' site on how to choose the best coin dealer when selling Morgan silver dollars to receive top dollar for your coins.
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