Collector Interest and Availability of Morgan Silver Dollars
The huge numbers of Morgan silver dollars alongside their mint state attractiveness has served to make the series the most popular and collectible coin among the american currency coins collectors. Their broad assortment of dates, conditions, mint marks, and types offer plenty of possibilities to collectors with varied budgets and interests.
Morgan silver dollars are usually classified into four groups. They include: common date, semi-common date, semi-key date, and key date examples. The lower condition examples normally act as silver bullion, or somewhere to begin a coin collection.
After an appreciation of Morgans checks in, the starting collector frequently takes an extra step and begins searching for the cheapest, most common, BU coins. These happen to be the most often traded and the most liquid of the whole series, discover more here!
There are countless BU and circulated Morgan bucks available at very economical prices to a collector. If Morgans were not so affordable, there would be probably less interest in possessing them.
Semi-common MS dates are appealing to the more advanced collector. Their higher cost makes them unaffordable to more people, and their rates are somewhat more volatile. They're better investments compared to the common date and still quite liquid.
Semi-key date BU tend to be added to collections when they're eventually located at the ideal cost. They are typically only sold to upgrade one's collection. They are frequently held for the long-term as well as trade less often. For more ideas about coins, visit https://www.britannica.com/topic/coinage.
Key date Morgans are so much sought by investors and collectors alike. As soon as they are discovered, they rarely get sold. The top grades are often sold at auction or some private transactions. These coins are considered as "keepers" by the owners and seldom come into the market.
Surprisingly, some of those semi-key Dates are one of those with more than a million coins initially struck. Their semi-key status originates from the amount surviving in mint state condition. Thus, the original mintage figures do not mean a lot in determining rarity as the survivors.
Lesser hoards are arriving into the market as years pass by, and will still continue to lessen in the future. Several dates dropped their rarity status in the 1960's and 70's when the authorities released their silver dollars to the public. The dates include the 1903-O, 1898-O, 1904-O, not to mention the numerous BU Carson City releases.
A real quote of coins accessible is different from the rare coin market, which just measures its supply and demand. The marketplace provides an overall sign of rarity, but perhaps not the true census numbers.
With time, and as matters regarding the Silver dollar settles, there'll be activity disrupting the amounts and rarity estimates will be more accurate.