Why buy Morgan Silver Dollars?
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People buy Morgan Silver Dollars for their beauty, historical significance as tangible pieces of American history, and as a potential investment, offering both collectible numismatic value (especially key dates like the 1893-S) and intrinsic bullion value due to their 90% silver content, serving as a hedge against inflation or a way to own physical silver. They appeal to both bullion investors seeking tangible assets and collectors wanting iconic, well-detailed U.S. coins.
Is it worth it to buy Morgan Silver Dollars?
In most cases, Morgan Silver Dollars with a grade of AU50 or below are only worth their intrinsic silver content. Buying affordable Morgan Silver Dollars can be a great way to invest in silver bullion, but they don't have value as collectibles. Most Morgan Silver Dollars with low grades are considered “junk” silver.
What is special about a Morgan Silver Dollar?
It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. It contained 412.5 Troy grains of 90% pure silver (or 371.25 Troy grains = 24.057 g; 0.7734 ozt of pure silver).
Are Morgan Silver Dollars junk silver?
Junk Silver is any combination of 90% silver U.S. coins containing . 715 Troy ounces of 99.9 percent silver for every $1 face value. The Morgan Silver Dollar and Peace Silver Dollar are excluded from Junk Silver because they contain . 7734 Troy ounces of silver per $1 face value.
Why buy 90% silver coins?
Why Buy US 90% or 40% Silver Coins? Many investors choose to purchase junk silver coins as bullion investments, while others get them for collecting purposes. Either way, junk silver helps to replace fears that investors have about the American dollar becoming worthless.
Warren Buffett: Silver at $70? - SELL, HOLD, or BUY MORE
What does Warren Buffett say about buying silver?
Warren Buffett avoids investing in gold due to its lack of practical uses and inherent value. Buffett favors silver because it fulfills value investing principles, with its use in industrial and medical applications.
What will 1 oz of silver be worth in 10 years?
Some financial analysts have bullish price predictions for the precious metals market, which means they anticipate strong price growth. Others estimate that silver will reach $50 an ounce in 2025 and hit $77 before 2028.
How much silver is in a $1000 bag of junk silver?
It weighs 795 ounces, regardless of whether it's made up of dimes, quarters, or half dollars. Because each coin is 90% pure silver by weight (plus 10% copper, added as a hardener), a $1,000 bag contains 715 net oz of pure silver, regardless of the denomination of the coins.
What is the holy grail of Morgan silver dollars?
The holy grail of Morgan dollars is none other than the 1895 proof, a coin that represents the only known Philadelphia-minted issues of the year. While 12,000 circulation strikes were reported, none have been accounted for.
How much is a 1776 to 1976 Morgan silver dollar worth?
According to the NGC Price Guide, as of December 2025, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $20.50 and $21.75. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.
What is the hardest Morgan dollar to find?
The 1895 Proof Morgan Dollar reigns as the rarest and most prestigious issue of its type, defined by its proof-only status and extreme scarcity. Other rarities like the 1889-CC, 1893-S, and 1884-S add depth and challenge to Morgan dollar collecting.
Are Morgan Silver Dollars easy to sell?
Morgan silver dollars hold a special place in American coinage, prized for their history and collectible value. Selling these coins can be challenging without expert guidance, especially with so many selling options available.
What are the negatives of silver?
Most doctors and scientists believe that the discoloration of the skin seen in argyria is the most serious health effect of silver. Exposure to dust containing relatively high levels of silver compounds such as silver nitrate or silver oxide may cause breathing problems, lung and throat irritation and stomach pain.
Are Morgans considered junk silver?
If there were an economic collapse, their value would likely remain stable. Popular examples of junk silver coins include the Morgan Dollar and the Barber Dime, both made of 90% silver. They have face values of $1 and 10 cents, respectively, and were minted from 1878 to 1921 and from 1892 to 1916.
Is it illegal to own a Peace Dollar?
The two coins were retrieved, then placed in the Treasury Vault until 1970. Then, they were destroyed. The history and rarity of the coins has inspired some to produce fraudulent counterfeit pieces. In the meantime, the US Mint has responded stating that it is illegal to own even a real 1964 Peace dollar.
What year is the most desirable Morgan silver dollar?
1893‑S. The rare key-date 1893‑S Morgan is the showpiece most collectors need to complete a collection but is difficult to acquire! This rare 90% silver dollar is considered the most desirable Morgan ever struck at a branch mint.
Can you still get Morgan Silver Dollars from the bank?
While a bank might hold a small supply of older coins, it is unlikely they will be in exceptional condition, so the chances of stumbling upon a high-grade Morgan silver dollar at a local bank are low. This emphasizes the need to explore alternative sources.
Are Morgans 90% silver?
Morgan dollars measure an impressive 38.1mm in diameter and 2.4mm in thickness, with a weight of 26.73 grams. Composed of 90% silver and 10% copper, they contain 0.7734 troy ounces of pure silver.
Why do people collect Morgan dollars?
Proof Set or Proof Like Set – Morgan dollars were minted in proof condition in low quantities and are stunning when preserved correctly. To build a proof set of Morgan Dollars is the goal of many collectors, especially those who enjoy the beauty and history of this American Classic.
What does Warren Buffett say about silver?
Noting that silver is mostly produced as a byproduct metal in mines for copper, zinc, gold, or lead, Buffett said that silver production is therefore not very responsive to price changes. Supply can't really be turned on like a tap.
Should I buy gold or silver in 2025?
Gold and silver prices have both surpassed numerous price records in 2025. Gold is trading above $4,000 per ounce and silver has more than doubled since early 2023. Analysts point to central bank buying, inflation worries and currency concerns as reasons why both metals could push even higher heading into 2026.
Will silver ever hit $100 an ounce?
Alan Hibbard's Updated View for 2026
His outlook for 2026 reflects a shift from short-term trading targets to a long-term value recognition moment. As Alan explains: “2026 will be the year we see triple-digit silver. It will trade over $100 per ounce.”