In this short article I'm going to talk about the 1900 silver dollar, likewise known as the Morgan silver dollar. Initially, I'm going to inform you a little about its history, then, I'm going to give you an estimate of exactly how valuable it is today.
There are two kinds of people who give you the quotes: there are coin collectors and there are silver collectors. Each of them will give you a different estimate. Don't worry, we'll speak about that below.
The American landscape has been fulled of silver dollars through lots of generations. The history of the Morgan silver dollar started in 1873, with the attempt of the United States government to lower inflation. Exactly how? They merely enacted the 4th Coin Act. Exactly what was this act all about? Well, it was about stopping investors from transforming silver into coins and then getting more money than the stated value of that certain coin. After this act, the USA hasn't produced any silver coins for about 3 years.
In 1876 however, the minting of the silver coins was allowed once more. The US government employed George Morgan, and he was the one who made and the engraved the coins. Today, they are known as the Morgan silver dollars.
Why Is The Morgan Dollar So Crucial?
Well, you should know that many of these coins were actually melted down in 1918 to fight German propaganda against the Allies in World War I. This was done by selling the surplus silver to the British government. Great deals of people thought that these coins were lost forever, nevertheless, in the 1960s, they uncovered a complete bag of these coins in the Philadelphia Mint, a few of which were in fact the Morgan dollars. The 1900 silver dollar is just a subgroup of the Morgan silver dollar, although they are usually regarded to be the same.
Exactly How Valuable Are These Coins?
As I have actually already mentioned at the start, you will generally get 2 estimates, based upon the collector kind.
If the coin is in bad condition, its worth will change around $ 33. However, if the coin is in ideal condition (meaning it doesn't have a flaw and it has actually been licensed), you could get $ 1550 or more for it. Even if the coin is in bad condition, you can still get $ 8.62 more than it is fundamentally valued at (meaning, the silver worth of this coin is around $ 31.38 or one pure ounce). This indicates that it will be better for you to attempt to sell it to a coin collector, instead of pawning it to a silver collector. If you observe the letter "O" above the "Do" letters with the "CC" mintmark, you may be in for a surprise. Why? This is one of the rarest Morgan Dollars ever before produced due to the fact that this means that the coin was coined at the New Orleans Mint. If it is in good condition, you may get around $ 27000 for it (it all depends on the condition actually).
There are two kinds of people who give you the quotes: there are coin collectors and there are silver collectors. Each of them will give you a different estimate. Don't worry, we'll speak about that below.
The American landscape has been fulled of silver dollars through lots of generations. The history of the Morgan silver dollar started in 1873, with the attempt of the United States government to lower inflation. Exactly how? They merely enacted the 4th Coin Act. Exactly what was this act all about? Well, it was about stopping investors from transforming silver into coins and then getting more money than the stated value of that certain coin. After this act, the USA hasn't produced any silver coins for about 3 years.
In 1876 however, the minting of the silver coins was allowed once more. The US government employed George Morgan, and he was the one who made and the engraved the coins. Today, they are known as the Morgan silver dollars.
Why Is The Morgan Dollar So Crucial?
Well, you should know that many of these coins were actually melted down in 1918 to fight German propaganda against the Allies in World War I. This was done by selling the surplus silver to the British government. Great deals of people thought that these coins were lost forever, nevertheless, in the 1960s, they uncovered a complete bag of these coins in the Philadelphia Mint, a few of which were in fact the Morgan dollars. The 1900 silver dollar is just a subgroup of the Morgan silver dollar, although they are usually regarded to be the same.
Exactly How Valuable Are These Coins?
As I have actually already mentioned at the start, you will generally get 2 estimates, based upon the collector kind.
If the coin is in bad condition, its worth will change around $ 33. However, if the coin is in ideal condition (meaning it doesn't have a flaw and it has actually been licensed), you could get $ 1550 or more for it. Even if the coin is in bad condition, you can still get $ 8.62 more than it is fundamentally valued at (meaning, the silver worth of this coin is around $ 31.38 or one pure ounce). This indicates that it will be better for you to attempt to sell it to a coin collector, instead of pawning it to a silver collector. If you observe the letter "O" above the "Do" letters with the "CC" mintmark, you may be in for a surprise. Why? This is one of the rarest Morgan Dollars ever before produced due to the fact that this means that the coin was coined at the New Orleans Mint. If it is in good condition, you may get around $ 27000 for it (it all depends on the condition actually).