Popular Morgan Dollars
If your Morgan dollar is a particular kind, it will probable command a higher price. These varieties are normally known as VAMs. Some of them have earned fascinate nicknames. Most VAMs can merely be seen under magnification, but a handful are visible with the naked center. Numismatists have even traced the history of each VAM to the dies used to strike the coins. The abbreviation comes from “ Van Allen Mallis. ” These are the final names of the experts who first documented the varieties. here are a few of the most popular VAM Morgan silver dollars. 1888-O “Scarface” “ capone ” Morgan dollar. A die break caused one of the most celebrated Morgan dollar VAMs called “ Scarface. ” A fracture in the die used to strike these coins left a big raised line on Lady Liberty ‘s impudence. 1888-O “Hot Lips” “ Hot Lips ” Morgan dollar VAM. Image source : VAMWorld The “ Hot Lips ” VAM is the result of a mint error known as a double over die. This causes parts of the design to appear double or overlapped. In this case, the impression is most obvious on Lady Liberty ‘s lips. The Hot Lips variety is not specially rare but it is highly collectible. 1878-S “Funky Feather” 1878-S “ Funky Feather ” Morgan dollar. Image source : VAMWorld This kind is from the first year the Morgan dollar was issued. The wing feathers of the eagle on the reverse design are perceptibly blunt. A assign of the wing exhibits a farinaceous appearance and is characterized by small raised dots. other varieties of the 1878 mint feature different numbers of fag end feathers on the eagle. A noteworthy pedigree will besides influence the price of a Morgan silver dollar. In other words, who owned the mint before ? Was it part of a celebrated collection or hoard ? sometimes this is besides called the mint ‘s provenance. The “ PL ” appointment besides adds collectible appeal to any silver medal mint. This stands for proof-like, meaning the mint has mirrored surfaces. once unknown, these are now a favorite among collectors . Proof-like 1895-O Morgan dollar ( reversion )
Below are some general guidelines to help you determine the value of your Morgan dollar .
How To Identify the Branch Mints
several different branches of the U.S. Mint struck Morgan dollars. This is important to know because certain mints produced less coins in a given class than others. Each outgrowth corresponds to a mintmark. This is a short abbreviation on the mint that tells you the location where it came from :
- P (Philadelphia Mint)
- D (Denver Mint)
- O (New Orleans Mint)
- S (San Francisco Mint)
- CC (Carson City Mint)
In the sheath of coins from the Philadelphia Mint, the mintmark is omitted. You wo n’t find a “ P ” anywhere on the mint. thus if there is no mintmark, you ‘ll know your coin comes from Philadelphia. As a general rule, these coins had higher mintages. That makes them less expensive than their counterparts from other mints .
How To Find the Mintmark
You will find the mintmark on the reverse of your Morgan near the bottom of the design . Morgan dollar CC mint mark. Image generator : CoinStudy Silver dollar coins minted in Carson City, Nevada are prized by collectors. The mint sourced its flatware from the legendary Comstock Lode. It was lone briefly in operation, however .
Morgan Silver Dollar Price Chart
here is a list of values for every Morgan dollar minted from 1878 through 1904, a well as 1921. Keep in mind that these prices are lone a general guide. actual grocery store prices will vary slightly when you sell your coins. Again, it will always depend on the exact condition of the coin. Uncirculated argent Morgan dollar coins garner the highest prices. Price guide excludes all validation and especial varieties. Non-proof varieties are accounted for in annual coinage totals. Prices derived from NGC Coin Explorer, PCGS Coin Facts, and USA CoinBook. The price graph above is provided for general information purposes. It should not be used or construed as investment advice .
Historical Significance of the Silver Morgan Dollar
Two pieces of legislation in the United States bookend the history of the Morgan dollar. These are the Bland-Allison Act and the Sherman Silver Purchase Act. The Bland-Allison Act gave parturition to the Morgan silver dollar. It marked the inaugural $ 1 coin issued in the U.S. in five years ( away from the “ Trade dollar “ ). There was very little demand for dollar coins, however. In 1890, the Sherman Silver Purchase Act attempted to address this problem. The police required the U.S. politics to buy $ 4 million of silver every calendar month from miners in the american West.
The coin is named for its interior designer, George T. Morgan. His design of Lady Liberty was modeled after Anna Willess Williams. She was a teacher and writer in Philadelphia at the time . 1891 portrait of Anna Willess Williams. Image source : Chalkboard Champions The 1921 Morgan dollar was the concluding mint in the series. That year besides saw the introduction of the Peace dollar. The subject of “ peace ” was a celebration of the end of the First World War .