If you’re in the market to sell Morgan silver dollars, we recommend that you read the following article, which provides a bit of history on the coins as well as some helpful guidelines when selling your coins.

Morgan silver dollars were first minted in 1878 following the passage of the Bland-Allison Act, which was implemented for the purposes of establishing a new U.S. dollar coin. They were minted through 1904, and again in 1921, which was the last year of mintage. Designed and named after George Morgan, who oversaw the design and mintage of these coins, Morgan silver dollars are some of the most recognized U.S. silver dollars the world over, helping to make it a liquid market if you’ve made the decision to sell Morgan silver dollars.

Morgan silver dollars were minted at all of the U.S. mints operating at the time, including the Philadelphia, San Francisco, Denver, Carson City, and New Orleans mints. A mint mark on the reverse coin of the coin below the wreath indicates where the coin was minted. Coins without a mint mark were minted in Pennsylvania. The date, the mint, and the condition of the coins are important determining factors when you sell Morgan silver dollars. While not indicative of the standard price that you can expect to receive, examples such as the 1895 proof Morgan silver dollar in high end uncirculated condition has sold in the past for six figures.

Specific to 1895 Morgan silver dollars, there are actually no known business strike specimens available from the Philadelphia mint; however, the New Orleans and San Francisco mints produced business strike coins from this year, with higher end coins selling for $455-$550. Of course, these prices aren’t representative of common date average circulated condition Morgan silver dollars, but you should expect to receive a premium for any low mintage, rare, and uncirculated specimens of this coin.

Now that we’ve discussed some of the history surrounding Morgan silver dollars, we’ll now share with you some important tips and guidelines that you should follow when you sell Morgan silver dollars.

1. Always have your coins evaluated or appraised by an established coin dealer that conducts coin appraisals. He may do this for free or for a fee. The important thing is to get a realistic value for the price of your coins which will form the basis of your subsequent decision to sell. For the most part, many family-owned coin dealerships do appraisals for free.

2. Try to see if the appraised value is the same across several coin dealers. Don’t be content by receiving only one quote – especially if it appears on the low side; rather, check with a few coin buyers to gain an idea of the approximate value of your Morgan silver dollars.

3. Alternatively, you can have your coins appraised online if you wish to sell your coins online. There are coin dealerships that offer to evaluate coins that you can send through mail. If bought, you can expect to be reimbursed for a portion of your shipment fees.

4. As a general rule, it makes sense to avoid auction sites whenever possible, as the listing fees and final auction fees are typically cost prohibitive. Additionally, you don’t know who is buying your Morgan silver dollars and if you’re going to experience any issues with the transaction.

Considering that the price of silver is up for the year, and has nearly tripled over the past few years, there may be no better time than the present to sell Morgan silver dollars. Whether you have coins from a coin collection, estate, or received as an inheritance, if you follow the above listed guidelines, you’ll be well on your way to receiving the most for your silver dollar coins.

Learn more about how to sell Morgan silver dollars. Stop by Atlanta Gold and Coin Buyers‘ site where you can find out all about selling Morgan silver dollars to receive the best prices for your coins.