What should I look for when buying a Morgan silver dollar?

What should I look for when buying a Morgan silver dollar?

Invest in Only the Highest Grade Morgan Dollars Because most of the Morgan dollar coins exist in higher grades than most other series, you should invest in only the highest grade specimens. If you can afford to buy Proof Morgan silver dollars, you should do so because those have performed very well as investments.

What is the best year for Morgan silver dollar?

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.

How can you tell if a Morgan dollar is proof?

Hold the coin on its edge on the table next to the beginning of the ruler. If you can clearly see 2 to 4 inches reflected in the field of the coin, this will receive the Proof-Like designation. If you can clearly see between 6 and 8 inches of the ruler, this would receive the Deep Mirrored Proof-Like designation.

What is the highest grade Morgan Dollar?

The Morgan Dollar was minted from 1878-1904 and then again in 1921. No Morgan Dollar has ever graded at the 70 level due to inconstancies in the minting process throughout the years, making the MS69 Prooflike grade of this 1880-S Morgan truly astonishing.

Will a magnet stick to a Morgan silver dollar?

The weight of an uncirculated Morgan silver dollar is 26.73 grams. Precious metals, such as gold, silver, platinum and palladium aren’t magnetic, so if your coin is attracted to a strong magnet, such as an earth magnet, then you can be sure that it’s fake.

What is a 1904 O Morgan silver dollar worth?

CoinTrackers.com has estimated the 1904 O Morgan Silver Dollar value at an average of $45.00, one in certified mint state (MS+) could be worth $150.

What is a 1884 O Morgan silver dollar worth?

CoinTrackers.com has estimated the 1884 O Morgan Silver Dollar value at an average of $30.00, one in certified mint state (MS+) could be worth $135.

How do you tell if it’s a proof coin?

Proof coins are struck twice instead of just once like regular coins, but this one extra strike gives the coins a much shinier, clean-looking finish and makes the intricate details of the design pop. Most proofs can be identified by their mirror-like background.

What is the value of a Morgan silver dollar?

Coin Values Moving with Precious Metals: Up-Dated 8/16/2021: Gold $1775 | Silver $23.58 Popular and always in demand, minimum Morgan silver dollar values begin at $21.52 for a heavily worn example. Many date and mintmark combination are worth well above minimum value.

How can you tell what type of Morgan dollar you have?

The best way to tell which type of Morgan dollar you have is to test how far away an object has to be from the surface of your Morgan dollar before its reflection is no longer seen in the coin’s fields.

How big is a fake Morgan silver dollar?

If you already have a Morgan Silver Dollar and believe it may be fake, throw it on a scale. Remember, it should weigh 412.5 grains, or 26.73 grams. If you’ve seen any Morgan Silver Dollars available in online auctions with a price that is too good to be true, the odds are high that is precisely the case.

Can you scuff a DMPL Morgan silver dollar?

You don’t want to smudge or otherwise damage the surface of the coin you’re grading. By the way, some scuffs are permitted on DMPL Morgan dollars, but get too many surface marks on a DMPL Morgan silver dollar and its overall grade and desirability decrease.