4 Common Questions About Morgan Dollars
Morgan dollars, or Morgan silver dollars, were minted in the U.S. beginning in the late 19th century. Because they are mostly made of silver, they are worth significantly more today than the face value of one dollar, and they are favored by coin collectors across the nation. Here are the answers to some commonly asked questions about this valuable item.
FAQs About Morgan Dollars
What Is a Morgan Silver Dollar Worth?
Depending on the date, mint mark, errors, and condition of the coin, some of the rarest Morgan dollars are worth thousands of dollars apiece. However, most of the coins available are significantly more common and fall in the $12 to $18 range.
What Should a Morgan Silver Dollar Weigh?
With a composition of 90% silver and 10% copper, an ideal uncirculated Morgan dollar weighs 26.73 grams. The weight can help you differentiate a true coin from much lighter fakes and replicas.
What Is a Mint Mark?
The mint mark is located on the reverse side of the silver dollar, near the bottom and just above the text saying “one dollar.” Each different mint mark indicated where a coin was minted: CC for Carson City, D for Denver, O for New Orleans, S for San Francisco, and no mark for Philadelphia.
How Should I Care for My Morgan Dollar?
Old coins can be damaged by excessive handling or cleaning, so in most cases, a hands-off approach is ideal. A tarnished but intact coin is worth more than a clean one that was worn down by scrubbing. Beyond amateur cleaning attempts, the biggest danger to your coins is moisture, so don’t store them in plastic containers or binder sleeves; instead, choose a wooden container, a glass display stand, or cardboard binder sleeves.
If you found a Morgan silver dollar, you have a small treasure in your hands. Handle it carefully, check the mint mark to determine its value, and, if you think you have a rare find, don’t forget to have it authenticated so you can know for sure.
Hawaiian Islands Stamp & Coin in Honolulu serves collectors across Oahu with valuable and authentic bullion. Since 1973, they have appraised, authenticated, bought, and sold old coins, stamps, and paper money, including Morgan dollars. To learn more, contact them today at (808) 531-6251 or visit them online.
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