For many years now, people, especially collectors and historians, have more than a fancy towards rare coins. When it comes to the different rare coins, one of the best-selling is the silver dollar. This is an opportunity to possess a piece of American history, as opposed to a simple silver coin in circulation.
These coins are named after George T. Morgan, the designer of these particular coins. Every Morgan Dollar is unique; some are discovered in an old attic while others are in a museum to tell a story.
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From Minting to Modern Collecting
The minting of the Morgan Silver Dollar was in 1878 following consolidation of the Bland-Allison Act, which required the purchase of a specific amount of silver to be used to create the dollars. It was produced up to 1904 and resumed in 1921. On the one side there is the head of Lady Liberty and on the other side there is an eagle holding arrows and an olive branch.
The die and strike of each Morgan Silver Dollar depict the artistry and the contemporary minting technologies of the U.S. Mint. There are specific differences between these coins that collectors seek, and these include variations that make certain editions rarer than others; like the mint marks or design differences. For instance, the 1895 Morgan Silver Dollar is special to collectors and it’s often referred to as “The King of the Morgan Dollars” due to its scarcity and demand.
Collecting Morgan Silver Dollars Today
Many people enjoy the hobby of collecting Morgan Silver Dollars at the present time. Having a set of coins that are best preserved is something collectors aim at getting as such coins offer the best returns both from an aesthetic view and also from the monetary point of view. The hobby of collecting these coins also provides a hands-on way to connect with history, as every one of the pieces is a remnant of a certain period.
The appeal of the Morgan Silver Dollar is derived not only from its physical appearance and scarcity but also from its capacity to preserve the history of America’s economic and social growth. It then means that whenever collectors get hold of a Morgan Dollar, they keep in their hand a piece of a story of modern America. It is the story of transition and progression as well as the relevance of history in a present day context.
Conclusion
The Morgan Silver Dollar is a symbol of the strong historical background of the United States. Every single piece is a time capsule that gives the owner the hope of understanding what was important to society during or at the time of the making of that particular piece, and the new technology that was around at the time the piece was created.
All in all, it is evident that the Morgan Silver Dollar, regardless of whether it is used for the sole purpose of collecting, as a historical relic, or even as an investment, is a strong symbol of pride for collectors across the nation.
