Morgan silver dollars are the most famous of United States coins by the coin collectors. The coin is called after the designer, George T. Morgan. They were produced every year from 1878 to 1904 and again in 1921 for a year. It was redesigned with the Peace silver dollar. In 1918 amount of 270,232,722 coins were produced, but many coins remained inside the government for years. In the 1970s, the United States government decided to let it out to collectors for a rate. Coin experts declared the value of each. A process was used where the highest bids received the most valuable coins. The coins were collected in a special holder and valued by Morgan dollar collectors till today.
Value of the dollar
The condition and scarcity of the coin increase its value and the rare coins can be paid anywhere from little as $10 to maximum as $100 and a lot for a Morgan Silver Dollar. Those coins that have been well-preserved and in great condition receive the best value in the market. Investment in the Morgan silver dollars has performed very well as investments. They are pricey compared to MS-60 to MS-63, and their value of rare coins makes them a good investment.
1893‑S. The rare key-date 1893‑S Morgan silver dollar is the valuable piece which most collectors try to collect and expect to find but is difficult to get! This rare coin has 90% silver dollar and is considered the most wanted Morgan ever in a branch mint.
Description of the dollar
The Liberty facing left, hair in a Phrygian cap, and LIBERTY are written on it, and a band holding a spray of leaves and sheaves. E PLURIBUS UNUM in the top, seven stars are in the left, six stars are in the right, and with its given data. At the backside of the morgan silver dollar, it has Eagle with wings spread holding a branch and three arrows. IN GOD WE TRUST inscribed above in bold letters. Surrounding has the name UNITED STATES OF AMERICA and value ONE DOLLAR. Denticles surround both sides of the border.