Receive More When You Sell Morgan Silver Dollars By Following These Guidelines

If you’re in the market to sell Morgan silver dollars, we recommend that you read the following article, which provides a bit of history on the coins as well as some helpful guidelines when selling your coins.

Morgan silver dollars were first minted in 1878 following the passage of the Bland-Allison Act, which was implemented for the purposes of establishing a new U.S. dollar coin. They were minted through 1904, and again in 1921, which was the last year of mintage. Designed and named after George Morgan, who oversaw the design and mintage of these coins, Morgan silver dollars are some of the most recognized U.S. silver dollars the world over, helping to make it a liquid market if you’ve made the decision to sell Morgan silver dollars.

At the time these coins were produced, there were five U.S. Mints in operation, including the San Francisco, Denver, Carson City, New Orleans, and Philadelphia mints. The way to determine at which mint the coins were produced is by viewing the reverse side of the coin below the wreath. A letter will signify the mint, with an “O” signifying New Orleans and the absence of a mint mark signifying Philadelphia. While there are some extremely rare and expensive Morgan silver dollars, such as the 1895 proof Morgan silver dollar, which has demanded as much as six figures in high end uncirculated condition, this is clearly the exception when selling Morgan silver dollars.

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 coins 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.

When you decide to sell Morgan silver dollars, take note of these tips to try and maximize your profit when selling Morgan silver dollars.

1. Always have your coins 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 coins 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 coins.

3. Alternatively, you can have your coins appraised online if you wish to sell your coins online. There are coin dealerships that offer to evaluate coins that you can send through mail. If bought, you can expect to be reimbursed for a portion of your shipment 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 demand for silver dollars, the decision to sell Morgan silver dollars could not have come at a more opportune time. Check to see if you have Morgan silver dollars in your coin collection, from an estate, or as an inheritance. Have them evaluated, select a coin dealer that offers competitive prices, and cash them out for top dollar.

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 coins.