The Somewhat Interesting Value of the Morgan Dollar Coin

While the Morgan dollar coin may be considered a foreign object by today's young people raised on digital cash, Morgan silver dollar coins were viewed as an excellent form of portable value when they appeared in the 1900s. In the present day and age, Morgan dollar coin allows a person to actually hold a heavy, large piece of American economic history in his or her hand, which creates a somewhat interesting value for the coin.

The value of a Morgan dollar coin is hard for a lot of young people to imagine in this day and age because most financial exchanges are now electronic. However, at one point in American history Morgan silver dollar coins represented a huge growth in the economy, and defined personal wealth. The Silver Rush that took place in the state of Nevada is well documented by Mark Twain, who spent his young manhood searching for silver in Carson City, Nevada.

Large deposits of silver ore were discovered in the western states of this country during the first half o the 1800s, and once that silver was taken out of the earth, it was melted in into mintable silver. That means the silver, after it was processed, could be turned into silver coins, and the Morgan dollar coin, first issued in 1878, was one of the most popular of the coins.

Morgan Silver Dollar Coins

Morgan silver dollar coins are quite heavy when held in the hand because they actually do contain a large percentage of real silver. At the time of the first minting of the Morgan dollar coin, people expected coins to contain real silver, and they did not consider rare coins Morgan dollars to be unusual at all. There are several incidents, which would be considered strange today, of people hording hundreds of thousands of these coins in their basements. Today, of course, a pocket full of rare coins Morgan dollars would be considered a nuisance and troublesome bother. After all, why carry around a heavy lot of coins when an almost weightless debit card will serve the same purpose?

Rare Coins Morgan Dollars

Rare coins Morgan dollars will cost more today than a dollar. The reason is that a Morgan dollar coin is in perfect condition is considered a rare coin. This means it has a value among coin collectors far beyond the current market price of the silver. Still, there is an intrinsic beauty in one of these coins, and given that they are no longer minted, with the last minting in 1921 they will only go up in value.
Michael Greene