Learn About Key Date Morgan Rare Coins Directly At Rare-Coin.org
February 12, 2010 – The Morgan Dollar is one of the best known old coins in the history of the United States and has produced a number of rare coins as well. Upon discovery of the Comstock Lode in Nevada in 1850, the US government decided to purchase large quantities of the silver found there and mint coins for circulation, with the dollar being the chosen denomination. Designer George Morgan created a coin with Lady Liberty’s face on the front and the American eagle on the back. Minted in Philadelphia, Carson City, Denver, New Orleans and San Francisco, a number of dates and mint marks are scarce and can be valuable investment pieces today.
While some of the key date Morgan coins like the 1879-CC, 1889-CC, 1893-CC are well known and high desired by both numismatics and rare coin collectors, others are very good investment pieces as well. The 1895-O with the DMPL designation and a grade of MS-65 is valued at $320,000. The 1895-P and the 1901-P were both minted in Philadelphia and are rare enough that PCGS does not have them on record.
There are several key date Morgan rare coins from the San Francisco Mint, among which are the 1883-S, the 1884-S, the 1903-S and the 1904-S. According to PCGS, the 1883-S with the MS designation and a grade of MS-67 is valued at $200,000, while the 1884-S with the designated MS and a grade of MS-67 has a value near $500,000. The 1903-S with the MS designation and a grade of MS-67 is valued in the PCGS price guide at $75,000, while the 1904-S with the same designation of MS and a grade of MS-67 is valued at $46,000
Morgan Dollars represent an interesting rare coin investment for many people. While these key date coins have very high prices for excellent quality coins, there are others that provide very good pieces at more affordable prices. Buyers should consider their investment objectives, purchase only certified coins and work with a rare coin exchange that can help them find the right coins for their portfolios.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
