Morgan Silver Dollars - A Staple For Silver Dollar Collectors

First minted in 1874, the Morgan Silver Dollar wasleft an estate valued at over 100 million dollars.
produced for 30 years, ending production in 1904.Among his assets were a cache of Morgan's so
After almost 20 years of not being produced, thelarge that no one had ever come across such a
US Mint did a production run of 1921 Silver Dollarslarge hoard. It seems that over the years
and thus the coins finally ceased production afterRedfield would visit a bank and buy bags of 1000
1921, never to be produced again. Oddly enough,Morgan Silver Dollars at one time, driving them
and unlike many other silver dollar coins, thehome in his old pickup truck. At the time he was
Morgan Silver Dollar was not named after aable to purchase the coins for only $1 each. Upon
famous politician or businessperson, but washis death, a mountain of silver coins were found in
named after the designer of the Morgan Silverhis basement, to the tune of 400 bags. 400 bags
Dollar.of coins with each bag containing 1000 coins. Even
Prior to the Morgan Silver Dollar was the Seatedat face value would have been $400,000,
Liberty Silver Dollar and Silver trade coins whichhowever the coins went to auction and fetched
were used mainly for trade with the orient.over 7 million dollars!
Morgan Silver Dollars were made of 0.77344 troySince their issue in the 1920's the Morgan coins
ounce of silver and were produced around thehave been an important part of many coin
same time as a large silver strike in Nevada.collections. Among the most valuable of the
Because the availability of silver was so large, theMorgan Silver Dollars are the coins marked with
US government resumed production for one year"cc", which is an indication that these coins were
to produce the now famous 1921 Morgan Silvermade at the Carson City facility. In terms of high
Dollar.value, there are 3 years of Morgan's that stand
One interesting story comes to mind regardingout as being rare: the 1889-CC, the 1893-S and
the fate of the 1921 Silver Dollars. An old farmerthe 1895 Morgan Silver Dollars. Of all Morgan Silver
by the name of Lavere Redfield began toDollars, these are the most sought after. If you
accumulate a huge supply of them. He was ahappen to be the owner of one of these coins,
savvy investor and lived as though he hadyou may be pleasantly surprised with the worth
nothing. At the time of his death in the 1970's, heof the coin.