- morgan silver dollars
Because now all waste? Let’s skip the appetizers and get to the meaty stuff right now: The Morgan silver dollars ready to increase its value over the next few years are 1895, 1892-CC, 1894, 1878-CC and 1883-CC. Pretty bold prediction, eh? At this point, the reader now has three options: (1) stop reading and acting on this information, (2) stop reading and get on with life, or (3) Continue on, evaluate the analytical approach to identify the “Top Five” Morgan U.S. dollars, and then implement a variation of (1) or (2) above. If you’ve gotten this far, we encourage you to continue with option (3).
First, a bit ‘basic information on the Morgan silver dollar …
The Morgan silver dollar is today one of the most popular of all collector coins. First coined in 1878 following the passage of the Bland-Alison Act, has been appointed the new dollar after its designer, George T. Morgan. Political pressure by powerful silver mining companies, in a move to stabilize the price of their products at artificially high levels, created the impetus driving the legislative action. Bland-Alison led to the overproduction of silver dollars, with millions of these unused “cartwheels” languishing in the vaults of banks and the Treasury. Indeed, few coins have ever been released in dubious circumstances than Morgan silver dollars. Minting continued until 1904 and then again for another year in 1921, when the series finally came to an end.
- morgan silver dollars
For decades thereafter, Morgan dollars were largely snubbed by hobbyists. Many dates, including those in mint condition state, could be obtained for just $ 1.00. This situation shifted dramatically in 1962 when the U.S. government began selling original 1000-US dollar silver coin bags of the Treasury for the public at face value. Stories of rare finds widespread U.S. dollar, unleashing a veritable Morgan mania. Within a few months, all but a small fraction of the coins federal property was transferred from Government to private hands, consequently expanding the Morgan U.S. dollar collector base far beyond anything seen before.
Since then, Morgan silver dollars have proudly perched atop the catbird seat of the numismatic world. Their physical size, availability, beauty and historical importance have always attracted herds of new buyers. Many cycles of boom-turned-bust have come and gone, sometimes driven by speculative motives, but from a long-term perspective, most Morgan dollar prices have trended somewhat positive.
- morgan silver dollars
Unlike some controversial promoters in the past, I do not propose purchasing Morgan silver dollars simply as investment vehicles. However, for collectors hoping to satisfy their aspirations and acquire numismatic coins to be worth substantially more in the future, Dollars Morgan have a few occasions. As noted above, as a whole, Morgans have gained an average value over the years. The key challenge then is to identify as members of this series have enjoyed the best models of growth in the past. The underlying logic is clear: coins that have demonstrated the strongest gains over a long period of time the coins are in the best position to show similar price advancements with the passage of time continues.
In order to measure past performance and then view Morgans most likely directed toward a bullish future, I developed a systematic approach. First, I researched individual Morgan dollar prices to detail as they existed in 1950, for a wide range of conditions, and entered this data on a spreadsheet on your computer. Going forward in time, the values of the 1980, 1995 and 2000 were recorded in the same way. Finally, estimated selling prices in 2005 were juxtaposed with counterpart data from previous years. Since the classification of the terminology has evolved over the period of 55 years, assumptions were made some track progressively price movements across the spectrum of time (for example, a value “BU” in 1950 equivalent to the “MS-60″ today.)
- morgan silver dollars
For each date and condition, compounded annual return rates for 1950-2005 were calculated. [Editor's note: compounded annual rate of return is the accepted criterion for comparing the results of investments. Of course, the coins do not grow at a uniform rate guaranteed, such as bonds do, but if a coin is purchased at a certain price, and that the price is compared with the value of money at a later date, the annual compound rate of return can be calculated for the period between]. Rate of return calculations were made 1980-2005, from 1995 to 2005 and from 2000 to 2005. For every dollar Morgan, the data was placed in tabular format.
Then, I calculated a score of “composite” for any date from an average of all rates of compounded returns calculated for that date. I then ranked all the “composite” scores. The Morgan silver dollars with the highest scores are as follows:
- morgan silver dollars
Date: Score:
1895 11.37
1892-CC 10.54
1894 10.43
1878 CC 10.28
1883-CC 10.25
So, it would seem, based on past performance over a period of 55 years, the 1895 is the Morgan silver dollar with the best hope of appreciating significantly in the coming years, followed by CC-1892, 1894, 1878 – CC, and 1883-CC. Not surprisingly, dollars of the Carson City Mint occupy 13 of the first 16 positions, thanks to persistent collectors scrambling for bona fide artifacts of the romantic American West. On the opposite side of the rankings, Morgan silver dollars which dire long-term prospects include the 1898, 1899-O, O-1884 and 1888, followed since 1897 to come in dead last with a score of 2.66.
- morgan silver dollars
The person whose dual purpose is to acquire Morgan silver dollars with a bullish future should start looking at the “Top Five” above. buying coins in the best condition you can afford, but be sure that the coins are clean, no problems, and certified by a classification of reputation. Be prepared to hold for at least five years. Morgan dollars have skyrocketed in value over the past three years, and some reflections may be in order before the next cycle upward.
- morgan silver dollars
If a polling firm were to survey the population of U.S. coin collectors, it is very likely that Morgan silver dollars would win the vote as the most attractive currency in the history of American currency. These beautiful coins have been the heartbeat of the hobby for many years, with no retreat in sight. Ironically, these same coins spent the better part of a century hidden in the vaults of the government, unseen, unwanted and unloved. My, how times have changed!
