An excellent form of investment in coins can be enjoyed by those who decide to buy Morgan silver dollars. Owing to its special place in history as well as its stunning and memorable design, Morgan silver dollars have great value both as a collector’s item and as a form of investment in silver. Should you decide to beef up your portfolio by investing some of your money in the form of silver bullion, you can always consider the decision to buy Morgan silver dollars.
It may help to become familiar with the history of Morgan silver dollars before you decide to buy Morgan silver dollars. These coins were first minted in 1878. They were minted on an annual basis through 1904, and then again in 1921. The five mints operating during this time period were the Pennsylvania mint, the San Francisco mint, the Denver mint, the New Orleans mint, and the Carson City mint. Depending on the year that the coins were minted, where they were minted, and the number minted, Morgan silver dollars can sell for well above their silver value.
You might be surprised to hear that some Morgan silver dollars can sell for hundreds, if not thousands of dollars. For instance, the 1893 Morgan silver dollar minted in New Orleans and the 1889 Morgan silver dollar minted in Carson City are extremely low mintage and valuable coins. In fact, uncirculated samples of these coins have sold for as much as $30,000. While it’s not common to come across Morgan silver dollars that contain values in the thousands of dollars, it’s important to know that Morgan silver dollars can be purchased not only for their silver value, but also their collectible value.
To improve your chances of success when you buy Morgan silver dollars, we recommend that you only do business with reputable coin dealers. Typically, family owned and operated coin dealers are a good choice, as these businesses tend to put their customer’s interests above their own. In terms of verifying the reputation of coin dealers, there are several different options, including checking the rating of the coin dealer with the Better Business Bureau and as well as the online reputation of the coin buyer through online reviews and testimonials.
If the price that you’re provided by a coin dealer, in your opinion, exceeds the value of the Morgan silver dollars that you wish to buy, don’t hesitate to obtain multiple quotes to ensure that you receive a fair price. Coin dealers view the value of coins differently. They also use different measurements or reference guides when evaluating the price of their coins, so we recommend that you don’t buy Morgan silver dollars until you’re comfortable with the asking price from the coin dealer that you’re working with.
In order to become an expert when you buy Morgan silver dollars, you need to put forth the time and effort to have a clear understanding of the factors that come into play when evaluating the price of silver dollars. Once you’ve determined if you’re interested in buying Morgan silver dollars for their collectible or silver value, you can then develop a strategy on how to best accumulate these coins. With some additional effort on your end, including finding the right silver coin dealer, you’ll be well on your way to profiting when you buy silver dollars.
Want to find out more about how to buy Morgan silver dollars, then visit Atlanta Gold and Coin Buyers’ site on how to choose the best silver coin dealer when buying Morgan silver dollars.