Morgan silver dollars today have to come to earn a reputation as a valuable and rewarding investment. They are rare and desired, they are expensive and beautiful. However, before getting into the buying process/ collecting process of these some very precious coins, one must research and understand them properly so that not only you can profit and not incur a loss but also so you know what you need and aren’t spoofed.
Generally, the very first thing about Morgan silver dollars that you may want to keep in mind is that specimens grading below AU- 50 are known for being worth of only their silver bullion value. There may be a few exceptions to this rule of thumb, especially the Morgan silver dollar coins that were minted at Carson City but it is true that most Morgan dollar coins that are circulating in the market today were never circulated as regular coinage. The reason for this is that when the Morgan dollars were introduced through the Bland- Allison Act that was passed in the Congress, a part of the Act required the Treasury to buy silver of worth $2- 4 million every month that was to be minted into dollar coins. As a result, there were stock piles of the coins lying in the Treasury vaults since there were many more coins than what were needed for circulation available. As a matter of fact, more than half a billion Morgan coins that had been minted in the US between the years 1878- 1904 did not leave the vaults till 1960. A large amount of these were also melted but despite this, the Morgan coin’s demand never exceeded the supply while in use. However, what one should keep in mind when dealing with Morgan dollar coins is to be aware of the uncirculated grades. You should also make an attempt to learn the true values of the Morgan dollar coins before investing in one for dealers in the market may want you to believe in an exaggerated value of a coin that may be only worth $50.
Also, it should be noted that since the Morgan silver dollar series exists in higher grades than others, one should look to invest only in specimens that are of the highest grade. Also proof Morgan dollar coins have managed to perform very well over the last two decades so investing in them would be a good idea. Then there are the MS- 65 investments if not better. Their rarity and desirability make them into a very solid investment. It should also be remembered that giving consideration to the source of the grade is highly essential. Price variation is important and not every dealer or grading services operate with the same standards.
Once bought, you should also try and ensure that your Morgan silver dollar coins are with you not resting on dealer assurances. Keep them in your own personal box or safety deposit box, not depending on dealers or other sources. Your Morgan silver dollars can prove to be your future so be very vigilant and careful when it comes to them!