Mint Rare
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Mint Rare
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The Morgan silver dollar contains 90% pure silver and 10% copper. The total silver content of the coin is 24 grams. The durability of silver and copper is what makes the coins such great long term investments. They were first minted in the year 1878 to 1904. They were also produced again in the year 1921 for a final production run. An old farmer Lavere Redfield is the famous Morgan silver dollar collector of all time.
He slowly collected coins at there original face value of $1. He was a great investor who invested in many different ventures and at the time of his death has over $100 million dollars. His collection of silver dollars was one of his greatest and most profitable investments. After his death his huge collection was sold for over 7 million dollars at auction in the 1970s. Today there value has increased significantly since the 1970s and would be worth many many times more than that.
There value has greatly increased over the years from there initial purchase price of $1 but some years are a lot more valuable than others. Depending on how rare and scarce they are. Some of the most popular and valuable Morgan silver dollars include coins which have the CC stamp on them. The CC means that they were produced at the Carson city mint during the silver strike.
They were also produced at 4 other mints which include New Orleans, Denver, Philadelphia, and San Francisco. They all contain different stamps to identify which mint they were produced at. The most famous year to own is the 1895 PF-68. In 1895 according to mint records a total of 12000 coins were minted along with 880 proof specimens. To date only 75 - 80 of these coins are left in the world accountable for which is what makes them so valuable.
Where did the rest of them go? Nobody actually seems to know but the 1895 Morgan silver dollar has been known to fetch over $120 000 at auction. There are a lot of theories about what happened but many people believe that the coins were not actually minted or they were melted down right after being made and never sold to the public or put into circulation. Do you want to start investing in Morgan silver dollars Are you confused by where is the best and safest place to buy them?
For the biggest range of Morgan silver dollars go here now you will be amazed how gorgeous they are http://www.americaneaglegoldcoinsale.com/Morgan-silver-Dollar.html
Finding and Obtaining a Rare Silver Dollar
Many collectors are not content to have just any coin-they are interested in finding a rare silver dollar for their collection. In most cases they have a list of which coins they want, how much they are worth, and even the scarcity of each one. The serious coin collector knows which coins will add the most importance to his collection and even draw in the most money if he should decide to sell. The value of these coins goes beyond that of just the dates on the coins but may include other identifying marks as well. The value of any coin will change periodically so you want to make sure you check on a regular basis to obtain the most accurate prices for any coins you are trying to obtain.
Although dates may be important to the value of a rare silver dollar, there are other factors that are important as well. The design of the coin may make it a rare silver dollar since many designs during the early existence of the US Mint was hand died. Other factors may include the number of issues of a particular coin and design for a particular year, the quality of the design, and even the mint where the coin was produced. All of these factors play a part in determining how rare a coin may be for collectors.
Sometimes the scarcity of a coin is based upon the number of coins in circulation. If there is an error made on a coin during the minting process those coins may not be placed into production but will be used as commemorative coins or as gifts. This isn't always the case-it depends how severely the impact was on that coin and whether it is still useable for circulation. Collectors of a particular rare silver dollar will actually determine the price with their interest-the more interest the higher the price that rare silver dollar will make for the investor and of course the fewer coins that are available will also determine the price of any coin whether a silver dollar or other denomination.
For anyone who is new to coin collecting you may want to conduct some research before you invest in your first rare silver dollar. By talking to other collectors and even investors you will discover what is in demand and commanding the highest prices at that particular time. Even as a collector you want to make certain you have the cream of the crop-even if you are selling your collection it can add to the value of your personal assets and be something you can use as collateral for a loan. Other factors to consider when choosing coins include how much you may profit if you decide to sell any of your collection and what the collection will provide your survivors upon your death. You should always look toward the rarer coins of any denomination to provide your collection with the highest appraised value.
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US $80.00