Morgan Silver Dollar Collection
Complete Your Morgan Silver Dollar Collection
BY FAR THE MOST COVETED & COLLECTED COIN IN U.S. HISTORY!
The complete Morgan Dollar collection is comprised of ninety eight (98) different date and mintmark coins.
Since 1974, Eastern Numismatics has worked with countless collectors and investors to complete this challenging and rewarding series. Throughout the coin industry we are known for helping to assemble some of the finest Morgan Dollar Sets in existence today.
Most collectors spend years trying to complete even a circulated Morgan Silver Dollar collection. You may even have a friend or relative who is currently working on one. But now, with our program you have an opportunity to acquire the entire set.
The History of the Morgan Silver Dollars
The Morgan dollar arose out of the U.S. and international political and financial climate of the mid to late 19th century.Silver prices had dropped since the discovery of vast amounts of the metal in Nevada in 1859, and because Germany had "dumped tons of silver on the international market"
In 1871 following the Franco-Prussian War, states researcher R.W. Julian in Silver Dollars & Trade Dollars of the United States by Q. David Bowers. Julian notes that silver coins disappeared from circulation during the American Civil War, hoarded by fearful citizens. Beginning in 1873, the Mint illegally began exchanging minor silver coins for the paper money introduced during the Civil War, with Congress making the action legal in 1875 (specie payments for paper money had been suspended during the war).
The Civil War era minor silver coins reappeared in circulation in 1877, Julian points out, triggering a halt to the production of minor silver coins in 1878 due to the glut. The standard silver dollar in the United States had been eliminated with the Coinage Act of 1873, although a Trade dollar intended for circulation outside of the United States was approved. However, with the cessation of production of minor silver coins, silver proponents feared an end to silver purchases by the federal government, according to Julian.
These silver barons successfully lobbied for new legislation to permit a new coinage of silver dollars, even though as Julian adds, silver dollars did not circulate well and thus were unnecessary in commerce. A compromise bill, introduced by Richard Bland in the House and William Allison in the Senate, passed as a result of the intense lobbying effort.
President Hayes vetoed the bill as a foe of unlimited silver coinage, but Congress overrode the veto within hours. The resulting coin was called the Bland-Allison silver dollar upon its introduction in 1878. Only later did it come to be called the Morgan dollar, after designer George T. Morgan. Morgan had been hired by the U.S. Mint in 1876 to redesign U.S. minor silver coinage.
The Morgan designs used for the silver dollar were originally used on pattern half dollars. More than 570.2 million Morgan dollars were struck from 1878 to 1904, when production was halted. Production resumed briefly in 1921, when another 86.7 million Morgan dollars were struck.
Because the silver dollar was not a popular denomination, many of the millions of Morgan dollars never circulated but were instead stored in Treasury vaults for years, some of which were melted while others were released decades later in huge quantities (one such release caused the once rare 1903-O Morgan dollar to drop from a value of $1,500 in Uncirculated in 1962 to $30 in 1963!).
The federal government sold Carson City Mint Morgan dollars from Treasury vaults during the 1970s and early 1980s. Private hoards may still exist. Today, Morgan dollars are plentiful although certain dates are scarce or rare. The large quantities ensure, however, that current and future collectors will always have the Morgan dollar to collect.
How Many Morgan Silver Dollars Are In a Full Set?
A full Date Set is 28 years, A full Date & Mintmark Set is 97 coins (all 28 years and all (5) Mints = A Full Date/Mintmark set of Mint State (MS), A Complete Morgan Silver Dollar Set includes (1) Proof coin the 1895-Proof (PR). PCGS complete Price History Guide is based on the complete 97 coin set.
What Morgan Dollars Are Valuable?
All Morgan Silver Dollars are valuable. The most valuable are the "Key-Date" coins and "Conditional Key Date" (Conditional key dates are coins that are rare in higher grades) coins. Example: The 1893-S rarest of all is the most valuable, another is the 1889-CC the rarest of all the Carson City, Morgan Silver Dollars. Each of the (5) mints that produced Morgan Dollars has a key date. Some mints like the Carson City Mint and the San Francisco mint have two coins that are rarer then the rest, making them more valuable.
Morgan Silver Dollars Future Value
Looking back as far back as you can go, the PCGS Price History Charts for Morgan Silver Dollars show even the most minted 1921 Morgan bringing in the lowest value of all the Morgan Dollars in Mint State is worth today $38 (on the low end) and shows over the years regardless of silver prices it has continued to go up value. Like land we are not making anymore of them, so I don't see why the future will look any different. 50 years ago it was worth a $1.00 today $38.00
Silver Morgan Dollars Value Chart
For Collector's Sets
Top 10 Coins marked in Green - Top 20 Coins marked in Orange
CC over CC
80 over 79
80 over 79
2nd Reverse (b)
8 over 7
2nd Reverse (a)
3rd Reverse (a)
3rd Reverse (a)
80 Over 79
80 Over 79
0 Over 9
O over S
7 over 6
7 over 6
The above chart reflects the 2019 Red Book Prices for each year and mint of Morgan Silver Dollar Collection.