Lots of folks enjoy accumulating and exchanging silver dollar coins as a pastime. Now is it less common to see these silver coins at all so it is a thrill to come across one. Unfortunately, not everyone recognizes rarity and seeing only the denomination of these coins will have no problem spending them like any other cash.
The Morgan dollar coin is a silver dollar minted originally in the late 19th century, with Miss Liberty’s face and an eagle on either side. A nickname for the coin is the “buzzard dollar” because of the somewhat gaunt look of the eagle, which looks more like a buzzard. Nonetheless, they are rare coins, as the last was made in 1921, and it’s uniqueness makes it a treasure to own.
There are some people trade coins to enhance their collection. Collectors may have a coin that is needed to complete a collection, so they will inquire about what they need from other coin collectors and offer up what they have. To trade dollar coins, one needs to possess a rare coin of your own. Most collectors have multiple dollar coins, including duplicates, so they never lose the coin for their own collection.
Silver dollar coins can be beautiful. Ones made of almost pure silver are worth more and are obviously better looking than those made of mostly copper. The United States Government has issued commemorative silver dollar coins, as well, which are released for limited times. Collectors usually save a few of these coins to trade or keep once they are no longer being produced.
The older and rarer a coin, the more that coin is worth. If you have a coin that is extremely rare, it doesn’t really matter what condition it is in. If you have a coin that is less rare, its condition will matter and the better it looks, the more money it will be worth. A Morgan dollar that is in Brilliant Uncirculated condition will command a lot of money because it is not only a rare coin, but it is in perfect condition.
The best thing to do if you are considering collecting and trading silver dollar coins, is to do lots of research. As with anything, the more knowledgeable you are about the subject, the more power you will have when working with coins.
Collecting and trading silver dollar coins is a hobby many people enjoy. Such coins are rare nowadays and finding them may seem special to some. For others, a dollar is a dollar and when a silver coin comes their way, they simply spend it! Morgan silver dollars were placed into circulation in the late 19th century. The production of morgan dollar coins was stopped by the US government in 1921 and are now highly prized collectibles. Collectors usually trade dollar coins and other collectible coins for coins of similar value or mostly just because they want to upgrade their collection.
- Menachem Green