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Stunning Silver Dollars Radiant With Potential

The Morgan Silver Dollars are the most popular silver coins ever produced by the U.S. Mint. It's easy to understand why given their large size (.7734-oz), attractive design, and long history. 

The obverse of the coin features the timeless design of Lady Liberty, with the reverse depicting a heraldic eagle. Designed by George T. Morgan, each coin carries his last initial M that can be found in Lady Liberty's neckline on the obverse and on the reverse near the left-hand loop of the ribbon. 

The subject matter of Morgan’s silver dollar design wasn’t groundbreaking, but it was superbly executed. Sticking with tradition, Morgan had a female figure of Liberty on the obverse and an outstretched eagle on the reverse. This general theme had existed since the 1790’s, but Morgan’s rendition was extraordinarily beautiful. The coin shows exquisite and intricate design detail, especially with regard to Liberty’s flowing hair curls and the eagle’s feathers.

It’s not just the design that makes Morgan dollars beautiful—one cannot ignore their booming luster. Morgan’s design was superbly proportioned and formatted. As a result, most Uncirculated Morgan dollars exhibit outstanding “cartwheel” luster. They have a type of radiant flash the likes of which is rarely seen on any other U.S. coin.

In 1918, the Pittman Act resulted in more than 200 Million Morgan Silver Dollars being melted down into silver bars to be sold to Britain, making even the most common of Morgan Dollars a lot scarcer than other silver dollars. This helped replenish Britain's stockpiles of silver while simultaneously acting as a subsidy to the mining industry in the United States. 

Some remaining Morgan dollars saw active circulation beginning in the 19th century and these worn survivors are available with ease. On the other hand, Mint State survivors are scarce in today's market. While many examples emerged from federal holdings in the 1950’s and 1960’s, these were quickly absorbed by contemporary collectors. No other significant quantities were found apart from an estate sale. 

The issue becomes incredibly scarce in Gem Mint State, most certified examples of which are at the MS-65 level. In MS-66 and MS-67, Morgan dollars are a challenge to come by for all but a handful of the most advanced Morgan dollar enthusiasts. Clearly this is an important opportunity that is not likely to be repeated any time soon.

Whether you’re considering our MS66 or MS67 Morgan, there is one common thread: rarity. These silver dollars may be easy to find in low grades, but they become significantly scarcer in Gem Uncirculated condition. Much less than 1% of all vintage silver dollars have survived in MS66! This is especially true for the Morgan dollar—as a large coin it’s statistically unlikely to survive in MS66 or MS67.

NGC has graded a total of 3.3 million Morgans in all grades, but less than one half of one percent have qualified in MS67. Between NGC and PCGS, we observed a total surviving population of 32,036. In MS66, it increases to 187,805, but still just a minute fraction of the surviving Morgan population compared to more easily obtainable circulated grades.

While we can make an excellent argument for these coins based on their historic values, there’s an equally compelling case based on their numismatic merits. We already mentioned how surprisingly scarce MS67 coins truly are, but we didn’t touch on how impressive they are in the flesh. If you’ve never seen a Morgan dollar in MS67, they have an obvious “wow factor.”

In addition to essentially flawless surfaces, a coin must have superb eye appeal. This means powerful luster, a razor-sharp strike, attractive color, and no derogatory features whatsoever. There’s a reason so few coins qualify as MS67—the standards are strict! Even a miniscule flaw will demote a coin to MS66, and anything larger drops in value significantly.

We believe Morgan Silver Dollars in MS66 and MS67 to be a fantastic value in the marketplace today. The numismatic value of Morgan Dollars in certified high grades coupled with their silver content provide significant reason why you should take advantage of these special coins.

Growth Potential
If you’re a precious metals investor, late 2010 and early 2011 probably stand out in your mind. During that period, silver staged one of its most memorable rallies ever – a jump reminiscent of the 1980 market. The dramatic move began in August 2010, when spot silver was in the high teens. By year’s end, silver had crossed the $30 mark. The next major move took place in spring 2011, when spot rapidly spiked from $30 in February to a peak of $47 in April.

Make no mistake about it, a move from $19 to $47 in around eight months is extraordinary. But what happened in the vintage Silver Dollar market was even more impressive. A bright spotlight was shone on all silver products during this rally – including vintage silver coins. In addition to the usual rounds and bars, investors were clamoring for Morgan Dollars. Mints and refineries kept up with demand for modern silver products, but a “supply squeeze” developed for Silver Dollars.

The result: Morgan Dollars increased even more than the spot price of silver! This was especially true for high quality Uncirculated coins. If you owned silver in the form of graded Morgan Dollars, your return was greatly amplified.

Today's Offer
While we wish we could offer more of these coins, after months of scanning the market, this is all we could find. We have just a few left in each grade. Each coin we offer here has been independently inspected and certified by the uncompromising standards of PCGS or NGC to be in Gem-Brilliant Uncirculated MS66 or MS67 Condition.

  • MS66 Silver Morgan Dollar just $379 each*
  • MS67 Silver Morgan Dollar just $999 each*
  • Take home one of each for just $1,298 combined, including free shipping*

Don't delay. Please call us today at 800-831-0007 or email us to purchase your Morgan Dollars. Typically, MS66 Morgans will sell for $175 to $275 more per coin than their MS65 counterparts—at today’s rates, they are truly a bargain.

*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 purchases above $999.00. Date selection is random. Offer expires Friday, June 10, 2022 or while supplies last.