A Morgan Silver dollar Coin has a face value of a dollar. They are made from ninety percent pure silver and ten percent copper, with a total weight of 26.73 grams. While their face value is only one dollars, they actually sell and are traded at a much higher price than that in the Hidalgo area. There are many different kinds of morgan silver dollar coins in McAllen, TX and their prices vary greatly. Some are sold for a few thousand dollars, while others are sold for tens of thousands of dollars.
What is the most valuable Morgan silver dollar coin that there is?
The most valuable Morgan silver dollar coin sold for $550 thousand dollars and was made in 1893. This is the world’s most valuable coin to date.
Why are Morgan Silver Dollar Coins so valuable in Texas?
Human psychology has been studied for centuries and there is still so much that we do not know. When it really comes down to the price of anything, there is only one thing that really matters: the human mind. We set the value on commodities, goods, and services because we believe that is what they are worth. A silver coin is no different. Originally the Morgan silver dollar coin was minted to use silver from the largest silver strike in American history the Comstock lode. As a result, this puts a lot of historical value on this silver coin. This plays into the psychology of the human mind because it makes us believe that this object is valuable. We believe it is valuable, so everyone else believes it is valuable as well. In the end, you end up with a valuable silver coin.
Who came up with the design for the Morgan silver dollar coin?The exquisite Morgan Dollars were named after their designer, George T. Morgan. During the year 1876, the Director of the United States Mint, Henry Linderman, realized that the nation desperately needed a new silver dollar coin. He decided to hold a competition between William and Charles Barber, who had worked at the Philadelphia Mint for years, and George T. Morgan, a young new engraver whom Linderman had brought over from England. Morgan was born in Birmingham, England in 1845 and was working as an engraver for the Royal Mint in London before being recruited as a “Special Engraver” for the U.S. Mint’s Philadelphia branch. While both Charles and Morgan created the same design for the coin, Linderman obviously liked Morgan’s design better.Morgan used Philadelphia school teacher Anna Williams as a model for Lady Liberty for one of his Half Dollar patterns in 1877 because her Greek profile was almost ideal. He expanded this pattern to the size of the Silver Dollar after the Bland-Allison Act was passed in 1878, and this was the model that was finally used for the Silver Dollars approved by the Act; the coin that soon became known as the Morgan dollar.
Why are all the Morgan Silver Dollar Coins so hard to collect?
One of the most coveted desires of collectors for decades has been to assemble a full set of Morgan Silver Dollars. Since many of the rarer branch mint and year-date issues were destroyed alongside the more common coins as a result of the Pittman Act, this task has proven to be extremely difficult. The exact number of Morgan Silver Dollars is not actually known, but collectors all over the world undoubtedly hope to complete their full collection of these rare coins. At the Professional coin gathers we have the full set for sale check them out right here.
Why Should You Purchase a Morgan Silver Dollar in McAllen, TX?
Since the $1 coin is no longer being made, there is a finite supply of it. This adds to the rarity factor of the silver coin and as a result, makes it have a higher perceived value. Furthermore, since it is made out of silver, this also adds to the value of the coin itself. Situations like this can lead to big rewards if you time the jump right. In many cases, you could make thousands of dollars. However, be sure to talk to one of our professional experts in McAllen, TX before you make a big decision! Just give us a call at 888-706-3237 and we will put you on the line with one of our professional experts that can answer any questions you might have!
Why are the Morgan Silver Dollars nicknamed “Cartwheels”?
You might not know this, but the Morgan silver dollars were mostly circulated in the West. Because of their large size and weight, the coins were nicknamed ‘cartwheels’ by cowboys in the Old West.
Professional Coin Galleries Offers Expert Professional Help and GREAT, LIMITED TIME Deals in the Hidalgo County Area!
Here at Professional Coin Galleries, we are here to help you find the coin you are looking for! Our deals are unlike any other company in the Hidalgo County area! We offer GREAT, LIMITED TIME deals, so be sure to make your decision quickly before it is too late! Thankfully, we offer fantastic expert and professional assistance whenever you need it! Our trained professionals have years of experience in this field and are experts at their job. We GUARANTEE that you will be satisfied with our overwhelming help. If there are any questions or concerns that you might have, Professional Coin Galleries is on the job! Just give us a call at 888-706-3237 and we will get you in touch with one of our expert professionals in no time flat!
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