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Jan
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While there are many different historic coins that have stood out as being highly collectible, there are certain coins that are even more collectible than the rest. One coin that collectors very much enjoy collecting is the Morgan dollar. Why has this coin become so rare and so collectible? Why do people wish to include this in their collections more than most other coins? Here, you will find the answers to those questions and more.
When were the Morgan dollars minted? Only around for a very short time, the mint dates of this particular silver dollar coin only spanned from 1878 to 1904. The coin was minted again just for one year in 1921. Since the coin had such a short mint span, it is a very rare find for collectors.
Where did the coin get its name? In the eighteen hundreds, the American currency style was changing drastically. In the wake of a legislative act that required all coins to be on an even cent value, meaning no more half cents, a number of various coins were being minted.
When three people were commissioned to create designs for a new silver dollar coin, it was the design of an assistant engraver that was chosen. John T. Morgan designed the style that would become the dollar coin, thus giving it its name.
What does the dollar look like? The design on the coin was crafted in the image of a young lady named Anna Willis Williams, who had been used as the model for a number of designs that John T. Morgan had worked on.
Are there certain dates that are particularly collectible? In the late eighteen hundreds, the United States slowed down the amount of silver that they were importing. This happened due to a change in the silver buyback laws that had been in effect. There was a span of three years when silver dollar coins were printed only in small amounts. The years include 1893-1895. Any Morgan dollars from this three year span would be considered highly collectible.
This dollar coin is considered highly collectible because it is extremely rare. Many of the coins were melted when silver was needed to fund the War Time Act of World War II. The estimated of specialists indicate that less than twenty percent of the Morgan dollars created are still in existence today. If you have one of these coins, then you have an excellent addition to your collection. If you do not have one, then it may be something you would like to add.