The Silver Morgan Dollar is one of the most iconic and sought-after coins in American numismatics. First minted in 1878, this coin has left a lasting legacy, and its historical significance has made it a favorite among collectors. In recent years, the release of new Morgan Dollars by the U.S. Mint has generated excitement in the coin-collecting community. If you’re new to collecting or just want to know more about these valuable coins, this article highlights 5 key facts you need to know about the Silver Morgan Dollar release.
1. The History of the Silver Morgan Dollar
The Morgan Dollar was first minted in 1878 and was named after its designer, George T. Morgan, an engraver at the U.S. Mint. The coin features a portrait of Lady Liberty on the obverse and a bald eagle on the reverse, making it one of the most recognizable coins in the United States. The coin was minted until 1904 and then again in 1921 due to high demand.
Key Points:
- First minted in 1878
- Designed by George T. Morgan
- Known for Lady Liberty’s portrait and the bald eagle
2. The 2021 Morgan Dollar Release: A Historic Moment
In 2021, the U.S. Mint released a new batch of Morgan Dollars to celebrate the 100th anniversary of the coin’s last minting in 1921. This was a historic event, as it marked the first time the U.S. Mint had released Morgan Dollars in nearly a century. The 2021 Morgan Dollar features similar designs to the original coins but with updated minting techniques and modern enhancements.
Key Points:
- The 2021 release marks the 100th anniversary of the last Morgan Dollar minting
- Released by the U.S. Mint after nearly 100 years
- Modern updates to the design and minting process
3. The Significance of the 2021 Coins
The 2021 Morgan Dollar release was highly anticipated due to its historical importance. Not only was it a tribute to the coin’s original design, but the new Morgan Dollars were struck with .999 fine silver, making them even more valuable to collectors. These coins were also minted with updated mint marks, including new options for collectors to choose from, such as the Carson City mintmark (CC) and others that were historically used during the original minting years.
Key Points:
- Struck with .999 fine silver
- New mint marks, including the historic Carson City mintmark
- Limited edition, making them highly collectible
4. The Collector’s Value of the New Morgan Dollars
The 2021 Morgan Dollars were released in limited quantities, adding to their appeal among coin collectors. The U.S. Mint made these coins available in different finishes, such as proof and uncirculated, and offered them in various sets. The rarity and quality of these coins, especially in mint condition, have made them highly valuable to collectors. Early sales of these coins have shown them to be in high demand, and their prices have continued to rise in the marketplace.
Key Points:
- Limited availability increased collector demand
- Available in proof and uncirculated finishes
- Prices continue to rise due to their rarity and quality
5. What to Look for When Collecting Morgan Dollars
If you’re considering collecting Morgan Dollars, whether they are the 2021 release or older versions, there are several factors to keep in mind. First, check the coin’s condition—coins in better condition (such as MS65 or higher) tend to have a significantly higher value. Additionally, look for special mint marks or rare variations, such as the 1893-S, which is one of the most valuable Morgan Dollars. Keeping your collection in good condition and properly storing your coins can also help maintain their value.
Key Points:
- Condition (graded MS65 or higher) plays a big role in value
- Rare mint marks and variations, such as the 1893-S, are highly sought after
- Proper storage helps preserve the coin’s value
Conclusion
The Silver Morgan Dollar is not just a piece of currency; it’s a piece of American history that continues to captivate collectors. The 2021 release was a highly anticipated event, and it marked an exciting moment in the world of numismatics. Whether you’re just starting your collection or are an experienced collector, understanding these key facts about the Morgan Dollar will help you make informed decisions about your investments. With its rich history, beautiful design, and continued popularity, the Morgan Dollar remains a timeless treasure for collectors everywhere.
FAQs
1. Why is the 2021 Morgan Dollar so special?
The 2021 Morgan Dollar is special because it marks the 100th anniversary of the last Morgan Dollar release and is struck with .999 fine silver, making it a modern tribute to the original coin.
2. Are all Morgan Dollars worth a lot of money?
Not all Morgan Dollars are worth a lot, but rare versions, especially those in mint condition or with special mint marks, can fetch thousands of dollars.
3. How do I know if my Morgan Dollar is valuable?
The value of a Morgan Dollar depends on its condition, rarity, and mint mark. Coins in excellent condition (graded MS65 or higher) and rare versions tend to be worth more.
4. Where can I buy a 2021 Morgan Dollar?
You can purchase 2021 Morgan Dollars directly from the U.S. Mint, authorized dealers, or auction platforms.
5. What are some of the rarest Morgan Dollars?
Some of the rarest and most valuable Morgan Dollars include the 1893-S, 1878-CC, and 1895-O. These coins are highly sought after by collectors.