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.
Before you buy Morgan silver dollars, it would behoove you to learn a bit about the history of these coins. Morgan silver dollars were minted from 1878 - 1904, and again in 1921. They were minted at five mints throughout the United States, including the Pennsylvania mint, Denver mint, New Orleans mint, San Francisco mint, and the Carson City mint. The mint as well as the number of coins minted affects the value of these coins, with Carson City minted coins always containing a premium due to the rarity of these coins.
You might be surprised to hear that some Morgan silver dollars can sell for hundreds, if not thousands of dollars. For instance, the 1893 Morgan silver dollar minted in New Orleans and the 1889 Morgan silver dollar minted in Carson City are extremely low mintage and valuable coins. In fact, uncirculated samples of these coins have sold for as much as $30,000. While it's not common to come across Morgan silver dollars that contain values in the thousands of dollars, it's important to know that Morgan silver dollars can be purchased not only for their silver value, but also their collectible value.
The best way to be secure in your investment when you buy Morgan silver dollars is to deal with reputable and honest silver coin dealers. Unfortunately, not every shop fits the bill. The best shops are typically those that have been in the business long enough to have established a reputation that they will want to preserve. You can also gain a better idea of the reputation of a business by talking to previous customers, reading reviews, and even taking to competitors.
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.
With enough experience and exposure, it is not unrealistic to say that you can easily become an expert buyer of Morgan silver dollars. And whether you are planning to keep these to add to your collection or as a form of investment that you can unload when the price of silver hits your target, the success or failure of your investment depends on how reasonable the price is when you buy Morgan silver dollars compared to their value when you decide to sell them. Pay attention to the market trends, dive deep into the history, and be diligent in picking the right partners to work with so you can buy silver dollars at the best value for your collection or for investment purposes.
Before you buy Morgan silver dollars, it would behoove you to learn a bit about the history of these coins. Morgan silver dollars were minted from 1878 - 1904, and again in 1921. They were minted at five mints throughout the United States, including the Pennsylvania mint, Denver mint, New Orleans mint, San Francisco mint, and the Carson City mint. The mint as well as the number of coins minted affects the value of these coins, with Carson City minted coins always containing a premium due to the rarity of these coins.
You might be surprised to hear that some Morgan silver dollars can sell for hundreds, if not thousands of dollars. For instance, the 1893 Morgan silver dollar minted in New Orleans and the 1889 Morgan silver dollar minted in Carson City are extremely low mintage and valuable coins. In fact, uncirculated samples of these coins have sold for as much as $30,000. While it's not common to come across Morgan silver dollars that contain values in the thousands of dollars, it's important to know that Morgan silver dollars can be purchased not only for their silver value, but also their collectible value.
The best way to be secure in your investment when you buy Morgan silver dollars is to deal with reputable and honest silver coin dealers. Unfortunately, not every shop fits the bill. The best shops are typically those that have been in the business long enough to have established a reputation that they will want to preserve. You can also gain a better idea of the reputation of a business by talking to previous customers, reading reviews, and even taking to competitors.
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.
With enough experience and exposure, it is not unrealistic to say that you can easily become an expert buyer of Morgan silver dollars. And whether you are planning to keep these to add to your collection or as a form of investment that you can unload when the price of silver hits your target, the success or failure of your investment depends on how reasonable the price is when you buy Morgan silver dollars compared to their value when you decide to sell them. Pay attention to the market trends, dive deep into the history, and be diligent in picking the right partners to work with so you can buy silver dollars at the best value for your collection or for investment purposes.
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Looking to find the best deal when you buy Morgan silver dollars, then visit www.atlantagoldandcoin.com to find the best advice on buying Morgan silver dollars for collectible or investment purposes.
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