One of the best silver investment options available is in the form of Morgan silver dollars. When you buy Morgan silver dollars, you're not only purchasing a silver coin, but you're also purchasing a piece of history. Not only do they make great investments from a silver bullion perspective, but many Morgan silver dollars also contain collectible or numismatic value, making these one of the few coins that can be purchased by collectors and investors alike.
But first, a little history into why the Morgan silver dollar holds so much value in the minds of collectors and investors alike. The Morgan silver dollars were minted between the years 1878 to 1921 and were primarily created in order to stabilize the price of silver following the boom in the United States. The coins were minted across 5 different locations - New Orleans, Denver, San Francisco, Carson City, and Philadelphia - and each of the mintage and year gives rise to a different valuation of the coins. This is very important when one decides to buy Morgan silver dollars as more than just the silver content, the history behind the coins primarily drive the price.
To increase your chances for success, it's important to understand the history of Morgan silver dollars and how to determine their value. When you buy Morgan silver dollars, in some cases, you're buying a highly collectible or numismatic coin in addition to a silver investment. For instance, the 1895 proof coin minted in PA, the 1893 Morgan silver dollar minted in New Orleans, and the 1889 Morgan silver dollar minted in Carson City, when in extremely high end condition, can sell for the tens of thousands of dollars.
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 asking price that you're receiving for Morgan silver dollars appears to be on the high side, and in particular, well in excess of the spot price of silver, consider contacting more than one coin dealer until you receive what you believe is a fair quote from a silver coin dealer. Keep in mind that low mintage or key date coins will sell at an additional premium above and beyond the silver value of the coins.
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.
But first, a little history into why the Morgan silver dollar holds so much value in the minds of collectors and investors alike. The Morgan silver dollars were minted between the years 1878 to 1921 and were primarily created in order to stabilize the price of silver following the boom in the United States. The coins were minted across 5 different locations - New Orleans, Denver, San Francisco, Carson City, and Philadelphia - and each of the mintage and year gives rise to a different valuation of the coins. This is very important when one decides to buy Morgan silver dollars as more than just the silver content, the history behind the coins primarily drive the price.
To increase your chances for success, it's important to understand the history of Morgan silver dollars and how to determine their value. When you buy Morgan silver dollars, in some cases, you're buying a highly collectible or numismatic coin in addition to a silver investment. For instance, the 1895 proof coin minted in PA, the 1893 Morgan silver dollar minted in New Orleans, and the 1889 Morgan silver dollar minted in Carson City, when in extremely high end condition, can sell for the tens of thousands of dollars.
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 asking price that you're receiving for Morgan silver dollars appears to be on the high side, and in particular, well in excess of the spot price of silver, consider contacting more than one coin dealer until you receive what you believe is a fair quote from a silver coin dealer. Keep in mind that low mintage or key date coins will sell at an additional premium above and beyond the silver value of the coins.
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.
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Learn more about the best way to buy Morgan silver dollars. Stop by Atlanta Gold and Coin Buyers' site where you can find out all about buying Morgan silver dollars from leading coin dealerships.
