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Basis: silver @ $16.52 -- Updated: 05/25/2016
Prices & availability subject to change without notice. See Terms & Conditions.
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Minted between 1878 and 1904, and again in 1921, Morgan dollars are popular for their large silver content, superb minting, and true scarcity. In Almost Uncirculated (AU) condition, they offer all the benefits of silver bullion plus extra benefits like limited supply, collector demand, complete financial privacy, and extra premium potential because of scarcity, all for little additional cost. Plus, they're much less costly than BU Morgan dollars, making them a terrific value in today's market.
Although Morgan silver dollars were minted in large quantities, very few survive today. As result of the Pittman Act of 1918, nearly 270 million Morgan dollars were melted down into silver bars for export, and further melting occurred in the 1960s and 1980s when silver prices skyrocketed. Only about 17% of the total number of Pre-1921 Morgan silver dollars minted have survived, and only a tiny fraction of those in AU, making them truly scarce. Their true scarcity can mean higher premiums during periods of peak demand. In our opinion, they're better than bullion for bulk silver buyers. Also available in banker's rolls of 20 coins.
• Better than bullion. All the benefits of silver bullion plus extra benefits like limited supply, collector demand, complete financial privacy, and extra premium potential because of scarcity.
• Truly scarce. Morgan silver dollars survive in extremely limited numbers. Their true scarcity can mean higher premiums during periods of peak demand.
• Historical significance. These old, classic silver coins are beautiful, collectible symbols of U.S. history.
Pre-1921 U.S. Morgan Silver Dollars, AU
Minted: 1878 to 1904
Size: 38.1 mm diameter
Weight: 26.73 grams