Receive More When You Sell Morgan Silver Dollars By Following These Guidelines
If you’re interested in selling your silver dollars, read this article first before you sell Morgan silver dollars.
Morgan silver dollars display an image of Lady Liberty on the front and an eagle on the reverse. They were first minted in 1878 following the passage of the Bland-Allison Act, which was enacted for the purposes of creating a new U.S. dollar coin. Morgan silver dollars were minted through 1904, and again in 1921 after a 17 year reprieve. The Morgan silver dollar is named after the designer of the coin, George Morgan, who looked over the design and mintage of these beautiful currency.
All in all, there were five known mint locations for the Morgan silver dollar. These are San Francisco, Denver, Philadelphia, New Orleans, and Carson City. One of the first steps that you need to do when you decide to sell Morgan silver dollars is to try to determine the exact mint, date, and condition of the currency that you have. These are very important determinants for the coin’s final sale value. For example, the 1895 Morgan silver dollar is one of the rarest silver dollars available so much so that some examples graded in MS68 condition are known to sell for as much as $120,000 in auctions.
While we’re on the subject of 1895 Morgan silver dollars, two other mints, the San Francisco and New Orleans mints, produced Morgan silver dollars in the same year. These currency carry with them a premium over common date circulated condition Morgan silver dollars, but still fall well short of the type of demand and pricing that an uncirculated 1895 Morgan silver dollar from the Philadelphia mint has been known to command.
Now that we’ve discussed a bit of the history surrounding Morgan silver dollars, we’ll now cover some helpful hints and guidelines if you’ve made the decision to sell Morgan silver dollars.
1. Always have your currency evaluated or appraised by an established coin dealer that conducts coin appraisals. He may do this for free or for a fee. The important thing is to get a realistic value for the price of your currency which will form the basis of your subsequent decision to sell. For the most part, many family-owned coin dealerships do appraisals for free.
2. One quote typically isn’t enough when selling your Morgan silver dollars, unless you’ve already called around to other coin buyers to obtain prices. Make sure that you obtain more than one estimate so that you can be sure that you’re receiving a fair prices when you sell your currency.
3. Another potential option, if you’re interested in selling your currency online, is to send your currency to a coin dealer that offers a mail-in service. Just be sure that they’re a member of the Better Business Bureau. Your more reputable coin dealers will typically agree to reimburse you for at least a portion of your shipping fees.
4. As a general rule, it’s a good rule of thumb to avoid auction sites when you sell Morgan silver dollars. The reason being is that they charge substantial listing an final auction fees. Furthermore, since auction sites tend to favor buyers over sellers, there’s the possibility of losing a substantial amount of money if there’s a dispute and the auction service finds in favor of the buyer.
With the price of silver performing strongly at the moment, the decision to sell Morgan silver dollars couldn’t have come at a better time. Whether your currency are from a coin collection, estate, or received as an inheritance, if you follow the helpful guidelines above, you’ll be sure to receive the most when selling your silver dollars.
Want to find out more about how to sell Morgan silver dollars, then visit Atlanta Gold and Coin Buyers’ site on how to choose the best coin dealer when selling Morgan silver dollars to receive top dollar for your currency.
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