The Morgan silver dollar is arguably the most popular item in American numismatics. These big,...
Assembling a complete date set or mintmark set for numismatic coins is one of the ultimate goals of any numismatic enthusiast. This can become a challenging task when one or more of the coins are uncommon or have a high price tag. These sets become even more difficult to assemble when you are doing it in a high grade, such as MS64 or higher. Few people are lucky enough to get the opportunity to own mintmark sets, as they can often range in price anywhere from $30,000 to over $1 million.
Now, however, we have an opportunity for you to own a “complete” mintmark set of MS65 Silver Morgan Dollars at a price you can afford.
Historical Background
The Morgan Silver Dollar was one of very few U.S. coins to be struck at five different mints: Philadelphia, New Orleans, Carson City, San Francisco and Denver. There are two main reasons for this. First, the Silver Dollar emerged as a widely popular coin in the late 19th century. It became a centrally important unit of exchange and was in demand throughout the country. However, there was a second reason why so many Morgans were struck. Powerful Nevada mining companies persuaded Congress to buy a massive amount of silver. The metal was to be converted into coin – and the Silver Dollar was the largest denomination available.
Admittedly, the federal government struck an excessive number of Silver Dollars. In fact, a surplus lasted well into the 20th century! Granted this was a gross miscalculation for the U.S. Treasury – but a very fortunate situation for numismatists. Original bags of Morgan Silver Dollars sat untouched in vaults for decades, only to be discovered by collectors in the 1960s. Many (if not most) pristine Morgan Dollars owe their existence to these dormant bags. Most of these Uncirculated pieces were abraded and “bag-marked” but a small percentage survived in high grades.
Why do so few Morgans exist in MS65? It’s mostly a function of the coin’s design. The cheek on Liberty’s portrait is raised and exposed; most coins exhibit numerous marks in this area. Whereas other sections (and the reverse) are shallower and/or protected by the raised rim, the cheek is completely vulnerable to scratches and marks. Many Morgan Dollars have the reverse quality of an MS64, but the obverse of an MS62!
Even if a Morgan Dollar has clean and well-preserved surfaces, it can only grade MS65 if it has excellent luster, a solid strike, and superb eye appeal. Any deficiency in those areas can knock it down a grade. The New Orleans Mint, for example, was notorious for flat, poorly-struck coins. These pieces are often seen with incomplete design details in the center – which ultimately limits its grade. Even if a coin has MS65 surfaces, an extremely weak strike might result in its being held back to MS64.
How to Collect Morgans
Mintmark sets are one of the most interesting ways to collect a series. It’s one of the most affordable ways too. These 5-piece mintmark sets are a great way to own a “complete” Morgan Dollar collection without spending tens or hundreds of thousands. Plus, they remain extremely affordable in high grade.
The Morgan Dollar series has numerous key dates, thus making a complete set prohibitively expensive. A complete set with every date and mintmark collection would likely cost $30,000-$50,000 in lightly circulated grades, $250,000-$500,000 in low-end Uncirculated and a whopping $1,000,000+ in MS64! With this being said, a complete mintmark set of Morgan Dollars – even in Gem MS65 – costs just under $1,300.
Each set contains one representative from the Philadelphia, New Orleans, Denver, Carson City and San Francisco mints. These mintmark sets represent an outstanding combination of affordability and numismatic appeal.
We also wanted to bring your attention to the Denver component in these mintmark sets. This is actually the rarest mintmark in the Morgan Dollar series, as the Denver Mint only produced this coin in 1921. The 1921-D Silver Dollar has dual significance as one of the very last Morgans ever struck (the design was discontinued that year) and the only Morgan ever produced in Denver.
Today's Offer
We did the work for you and put together fifty complete 5-piece MS65 Morgan Silver Dollar mintmark sets, including one Gem Uncirculated 1921-D Dollar – each graded MS65 by PCGS or NGC. All Morgans must exhibit strong technical and aesthetic quality to be considered MS65 but we specifically chose attractive and high-end specimens for these sets.
Your cost today is just $1,299 per set of five coins. This is a truly remarkable value and one of the best ways to own Morgan Silver dollars. Given their highly attractive price point and numismatic significance, these sets will likely get a swift and enthusiastic response. We encourage you to reserve your set quickly while our inventory remains!
To buy these incredibly priced Morgan Dollar sets and add some of the most beloved U.S. Silver Dollars to your portfolio, please call us at 800-831-0007 or email us.
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Free shipping, handling, and insurance are available for all quantities ordered. Offer expires Friday, March 20, 2020, or while supplies last.
