Buy 1878-1904 Morgan Silver Dollar Cull (Random Year) | APMEX (2024)

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Buy 1878-1904 Morgan Silver Dollar Cull (Random Year) | APMEX? ›

As low as $16.49 per coin over spot!

As low as $16.49 per coin over spot!

1878 Morgan Silver Dollar Double Die Error

Some of these Morgan silver dollars feature double die errors on the obverse side or on the reverse side. Double die errors happen when two images are pressed into one side of the coin.

1889 CC Morgan

Comments: With a very low survival rate, 1889 is the key date and undisputed King of “CC” Morgans. As a matter of fact, it's considered among the rarest of all Morgan Dollars produced by any mint.

1904 Morgan Dollar Value

According to the NGC Price Guide, as of May 2023, a Morgan Dollar from 1904 in circulated condition is worth between $35 and $100. However, on the open market 1904 Silver Dollars in pristine, uncirculated condition sell for as much as $13000.

1893‑S. The rare key-date 1893‑S Morgan is the showpiece most collectors need to complete a collection but is difficult to acquire! This rare 90% silver dollar is considered the most desirable Morgan ever struck at a branch mint.

Morgan Silver Dollars Future Value

When it comes to the Morgan Silver Dollar, these coins have not been on the US Mint's production lines for nearly 100 years, which means that the value of the coins is always on the rise.

According to the NGC Price Guide, as of April 2023, a Morgan Dollar from 1878 in circulated condition is worth between $35.50 and $63. However, on the open market 1878 S Silver Dollars in pristine, uncirculated condition sell for as much as $42500.

The 1878 Morgan dollars with 8 tail feathers (on the eagle) were the first coins ever produced in this world-famous series. The Philadelphia Mint struck only 749,500 of these 8-feather coins before changing the design to 7 tail feathers.

Of note, the 1888, 1892, 1893, 1895, 1902 and 1903 are more valuable coins. The most valuable of the San Francisco Morgan silver dollars is the 1893.

What is the best Morgan Dollar to invest in? ›

Invest in Only the Highest Grade Morgan Dollars

The following best investments are the very high grade, MS-65, or better coins. They are pricey compared to MS-60 to MS-63, but their incredible rarity in the age of encapsulated coins makes them a good investment.

The value of your Morgan silver dollar will depend entirely on the coin itself. Variations of the coin can range from as little as $10 to over $10,000. The average price of a Morgan silver dollar is around $100 per coin, this is still 100x the face value of the coin so you can see they are desirable and valuable.

That said, mint state and gem condition 1904 silver dollars are rare mainly for two reasons: bags of uncirculated silver dollars were hoarded in 1904, and many of the coins minted that year were generally poorly struck, so finding a silver dollar in mint state can be hard.

Historic last year of issue O-Mint Morgan Silver Dollar!

Minted from 1878 to 1921 with ore from Nevada's famous Comstock Lode, these iconic coins were the largest silver coins ever made by the U.S. Government for general circulation - weighing in at nearly an ounce of 90% silver!

The Value of A 1904 Morgan Dollar

Even though nearly all of the mintage is believed to have been melted down (an estimated 2.5 million of the 2.7 million mintage), the coin is not hard to find in circulated grades. Most of the Mint State coins show damage from careless storage.

After the Flowing Hair dollars, the next most collectable silver dollars are the Morgan Dollars and the Peace Dollars. Morgan Dollars were minted from 1878 to 1904 and then again briefly in 1921. They were designed by George T. Morgan and are highly valued both for their comparative rarity and their beauty.

Very Good-8 (VG8 or VG-8)

The design is clear and significant elements are defined but are flat and lacking in detail. The rim should be full and completely separated from the field around the entire circumference of the coin on both the obverse and the reverse.

They contain 90 percent silver and 10 percent copper, which makes them easy to buy and sell at lower prices. Though Morgan dollars are often close to the spot price of silver, rarely minted, high-grade coins can sell for thousands of dollars.

Even though it's counterintuitive, you should never clean a coin, as it can significantly reduce its value. Even coins that have substantial dirt, tarnishing, or toning should be kept in their original condition.

Is Now the Right Time to Sell Your Silver? Silver is generally considered a good investment at any time because it tends to retain its value fairly well. In fact, there are times when silver is even more in demand and trending higher price-wise than gold due to supply limitations and other factors.

How much will silver go up if the dollar collapses? ›

The value of silver isn't directly linked to the dollar. Therefore, its value wouldn't likely decrease if the dollar crashes.

The 1878 7TF Reverse of 1879 Morgan dollar is distinguishable from the 1878 7TF Reverse of 1878 by counting the number of tail feathers and determining whether the eagle's breast is flat or rounded, with an eagle accompanied by seven tail feathers and a rounded breast indicative of the Reverse of 1879.

Metal Composition of Morgan Silver Dollars

Another factor to consider is that the metal content of most fake Morgans differs from the 90% silver and 10% copper composition of authentic Morgan dollars. An easy way to detect if your coins is fake is to check to see if it's magnetic.

Morgan Silver Dollars were made from 1878 to 1921. Every coin is now at least 100 years old. The coin is identified by the unique “S” mint mark of the San Francisco Mint, which is located on the reverse, under the center of the wreath.

The short is yes; the presence or absence of a mint mark can and usually do affect the coin's value. However, there is no defined rule of thumb to this because each coin is different. In some cases, the mint mark may increase the value, but in others, a no-mint-mark error may increase the worth.

The 1921 Morgan Silver Dollar is the most common U.S. silver dollar, with nearly 90 million minted at the Philadelphia, San Francisco and the Denver Mints.

Coin Grading Costs

Grading prices vary according to the maximum value per coin. For instance, modern coins that are worth a maximum of $300 will cost from $17 to $22, depending on the company of your choosing. Coins with a maximum value of $10,000 can be graded for $65 to $80 dollars.

Morgan dollars are not magnetic. Find a good magnet, place it against your Morgan, and if it sticks, then your coin is probably fake. with another coin. Listen to the sound of a real one, then the sound of the one you are testing, and if it sounds off, then it might be fake.

The price of silver gradually continued to escalate and these 90% silver coins became worth substantially more than face value. For many years these coins were melted to recover their silver content, but now 90% silver coins are worth a premium over melt value.

Your silver coin storage must be in a cool and dry spot with minimum exposure to air. Avoid damp locations, so your coins don't tarnish. Avoid storing silver alongside gold to keep the soft metal from scratching and oxidizing. You can store coins in coin capsules to reduce the risk of damage.

Can you buy silver dollars from the bank? ›

Can You Buy American Silver Eagle Coins at a Bank? Yes, you can buy American Silver Eagle coins at a bank.

999 silver content). Only the Morgan Dollar was minted in larger quantities, about 650 million circulated for more than 27 years. In comparison, 190 million Peace Dollars were circulated over nine years. For that reason, the Morgan Dollar is the more “collected” of the two types.

Silver dollars are a schooling fish by nature and do best when kept in schools of six or more. A very peaceful shoaling species, they do not do well on their own, but even a large group will be skittish and timid when left without shelter.

To calculate the value of a silver dollar, you multiply its fine silver content by the current spot price for silver. A silver dollar contains 0.7735 troy ounces of pure silver, so at the time of writing a silver Dollar would be worth over $17 on metal value alone.

The key date for the series is the 1893-S Morgan Dollar, which had a mintage of 100,000 coins. This represents the lowest mintage for a circulation strike coin and no significant hoards ever surfaced for this issue.

The coins minted in 2021 are in uncirculated finish and sold for $85 apiece.

The 1884-S Morgan dollar is a very tough coin beginning even as low as the AU levels. Cumulatively, the estimated number of MS examples in any uncirculated grade is only in the low thousands. Thus, all uncirculated examples are essentially rare in the arena of the popular, high-demand Morgan dollar series.

All mintmarks are on the reverse of Morgan silver dollars, near the bottom just above the DO in Dollar. Three mints produced dollars in 1904, "S" for San Francisco an "O" indicates the New Orleans mint. If no mintmark is present your coin was produced at the main mint in Philadelphia.

According to the NGC Price Guide, as of May 2023, a Susan B Anthony Coin from 1979 in circulated condition is worth between $1.05 and $1.35. However, on the open market 1979 D Silver Dollars in pristine, uncirculated condition sell for as much as $1950.

Generally speaking, United States Silver Dollars dated 1935 or earlier are made from 90% silver, 10% copper - with a total silver content of around 0.77-0.78 troy ounces. However with silver dollars from 1965 onwards, things get more complex.

What is the rarest Morgan silver dollar date? ›

Comments: With a very low survival rate, 1889 is the key date and undisputed King of “CC” Morgans. As a matter of fact, it's considered among the rarest of all Morgan Dollars produced by any mint.

1901-S. According to the Professional Coin Grading Service, the 1901-S is the rarest Morgan silver dollar to find in true mint condition. Early sales of these coins don't reflect their rarity, as people hadn't actually realized how unusual the mint coins were.

Because Morgan silver dollars have wide appeal and collectible value, they sell at a decent premium over the melt value of the coins. Furthermore, they contain less silver content than American silver eagles, at . 774 troy ounces.

1904 Morgan Dollar Value

According to the NGC Price Guide, as of May 2023, a Morgan Dollar from 1904 in circulated condition is worth between $35 and $100. However, on the open market 1904 Silver Dollars in pristine, uncirculated condition sell for as much as $13000.

1904 O Morgan Dollar Value

According to the NGC Price Guide, as of April 2023, a Morgan Dollar from 1904 in circulated condition is worth between $35.50 and $63. However, on the open market 1904 O Silver Dollars in pristine, uncirculated condition sell for as much as $5400.

₹ 1,00,000Original Silver coin of 1904.

As a refresher, cull silver coins are heavily worn, damaged, bent or defaced coins. They are coins that are of less interest to silver coin investors and collectors; and therefore, sell at a lower rate than average circulated condition silver coins.

The value of your Morgan silver dollar will depend entirely on the coin itself. Variations of the coin can range from as little as $10 to over $10,000. The average price of a Morgan silver dollar is around $100 per coin, this is still 100x the face value of the coin so you can see they are desirable and valuable.

1889-CC Morgan Silver Dollar

The market has the coin's uncirculated and mint versions, which have the highest value. Since the mint made a few pieces, the coin today sells for more. In 2009, the coin sold for 280,000 USD during the Heritage Auctions. Remember, the CC mint tested its coins for purity and value.

When it comes down to it, cull coins are great investment opportunities for collectors who are on a budget or are not concerned with the appearance of their investment. The precious metals that make up cull coins are still worth at least spot price, making them great investments.

What silver dollar is illegal to own? ›

Now you may be wondering why someone would not try to sell one of these coins if it could be worth over $1,000,000. The answer to this is that it is illegal to own one of these coins. Because no 1964-D Peace Dollars were released into circulation, they are still government property that someone stole in the past.

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The most valuable and lowest minted Philadelphia-issued coin is from 1895. Only 880 of these coins were produced making them the rarest and most valuable Morgan silver dollar. Other lower mintage Morgan dollars from Philadelphia are from 1894, 1895 and 1899.

Can You Buy American Silver Eagle Coins at a Bank? Yes, you can buy American Silver Eagle coins at a bank.

Silver dollars are hardy and easy to care for. Although this fish is fairly durable, the aquarist must maintain a very large tank for them. A school or six or more will require an aquarium of 75 gallons or larger.

Morgan Silver Dollars with mintmark CC, for the Carson City Mint, which closed its doors in 1893. The 1895 “King of Morgan's.” That year, only 12,880 coins were minted. Only 880 of these coins survived after so many were melted, and experts believe only about 500 still remain in existence today.

Morgan. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. The mint mark, if present, appears on the reverse above between D and O in "Dollar".