When you are preparing to buy your Morgan Silver Dollar at Zoomcoin, you may be curious regarding which one you should buy, as there are many to choose from. You can purchase various key dates that will appreciate in value more than non-key dates will. These will be coins minted in Philadelphia, New Orleans, Denver, Carson City, or San Francisco. The Morgan Silver Dollars minted in Carson City are the most valuable because they are the rarest.
The Morgan Dollar got its name from its designer, George T. Morgan, who worked in the U.S. Mint as an assistant. He was from Britain and before he designed the Morgan Dollar, he designed several other coins. These include coins such as half dollars, the schoolgirl dollar, and the Shield Earring. The Morgan Silver Dollar is the coin that he became famous for. His initials appear on both sides of the coin, which is the first time this has occurred in United States history. When the Morgan Silver Dollar was first minted, it was not very popular because the design of the eagle was not very attractive. Fortunately this feature later changed. Today it is one of the most popular coins in the United States.
Morgan Silver Dollars increased in popularity because so many were made between 1878 and 1904. This occurred because of the Bland-Allison Act, which was passed by Congress in 1878. The Bland-Allison Act forced the United States Treasury to purchase a massive amount of the silver that came from the Comstock Lode in Nevada. This silver was used to mass produce the Morgan Silver Dollars. Because so many coins were produced, many of these coins were stored in vaults for several years.
In the 1960s, the Treasury began giving out 80 year old Morgan dollars and investors became interested because of the silver bullion in these coins, as well as the potential earnings in the years to come. Millions of Morgan Silver Dollars were purchased during this time. As supply diminished, the demand from the public increased and the Morgan Silver Dollar became a very popular collectible item.
One very popular date is the Morgan dollar of 1895. This silver dollar has been called the King of the Morgan Dollar because it is the one that is the rarest. No one knows exactly how many of these unique dollars are available. Fortunately, there are many other Morgan’s that you can choose from.