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Friday, November 13, 2009

The Enjoyment Of Collecting Morgan Silver Dollars

By Richard DuBois

Morgan Silver Dollar Coins are some of the most beloved and most collected American coins ever offered by the United States Mint. These large silver coins are sought-after for their exquisiteness, design and durable nature. Even though it's maybe the most common of all recent silver coins from the U.S., Silver Morgan Dollars have a great deal of significance historically, being a key part of America's first growth to the west. There have been a broad number of varieties produced, making building a full collecting of Silver Morgans a bona fide test.

Five Mints in entirety had a part in the fabrication of Morgan silver Dollar Coins from the years of'78 up until'21, these included San Francisco, Carson City, Denver, New Orleans and Philadelphia.

The production of Silver Morgan Dollars ceased in'04 due to a lack of raw silver, and then was resumed once more in'21. During that year, more than 80 million of the coins were made in Denver, Philadelphia and San Francisco. This was also the final year that the Morgan Dollar was to be made, as it was fated to be replaced by the Peace Dollar, which was produced to commemorate the end of the First World War just a few years earlier.

If you have been searching for the least costly system of acquiring Morgan Silver Dollar Coins and still putting together a collection of superior coins, you may want to focus on coins with the circulated grades of EF to AU. Use caution when deciding to purchase some high grade coins, you would do well purchasing coins that have been graded by PCGS or NGC.

With the popularity of the PCGS and NGC coin grading services, the buyer is assured of the coin's state and legitimacy. This creates a favorable circumstance for both the buyer and seller, as the sale price is most often higher for graded coins than raw or unslabbed versions. While it may be a bit more costly, a coin purchaser can be sure that the coin he is purchasing is authentic and genuine. A panel of the top graders from their respective company's must then independently agree on the coin's grade and then a final grade must be approved. Each freshly graded coin is then sonically sealed in a hard plastic case and given a unique serial number that gives you the ability to monitor and keep track of all of the coins in your collection or portfolio.

Make sure to only do business with reputable dealers. Also, take the time to find the lowest price possible and pass up buying the very first coins that you come across, even if on occasion you come to find that the first price was actually the best price. Prices tend to vary greatly, and you will want to compare the prices that you have been getting from several dealers to get the maximum amount of silver for your hard-earned money. - 23159

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