12/30/2019 0 Comments Morgan Silver Dollar Morgan silver dollar has been in existence much longer than any other dollar in the United States of America. It was in use and produced for more than forty years. The first year in which it was produced was in the year 1878 and widely circulated and used as a legal tender for exchanging goods and services by the US citizens. Though the design was exchanged with a smaller, and less popular design in 1921, the new design that replaced Morgan silver dollar, called Bust Silver Dollar was more detailed. Many collectors of ancient coins always desire to get a coin that has been kept well. The Morgan silver coin which is more than one hundred years old is not easily found. It is not easy to determine the asking price of a Morgan silver dollar in the foreign exchange market today unless you have the exact coin. This is because several external market forces affect the price for the Morgan silver dollar. The fluctuation affects the price, hence it is sometimes possible to find yourself paying 15 dollars or even 100 dollars for a Morgan silver dollar. Due to the scarcity of the dollars, the prices shoot high. The demand for the dollar is always higher than the supply. It is also expected of the price to be high because the coins that are well preserved like the Morgan silver coin is not easy to find. The sellers sometimes set a higher price tag for the coins because they are sure there is no competition in the market and it is either that the buyer chooses to accept or they walk away. The most sought after Morgan silver dollar coin are the ones that have been able to withstand different climatic exposures and retained the authentic design. Since it is possible for the coin to rust due to the time, the collectors usually keep the coins in conditions which does not change them. It is therefore possible to find a silver dollar coin that does not exhibit any sign of rusting and damage, considering that they were produced more than one hundred years ago. In conclusion, you need to also collect this coins because they are beautiful and historic, considering that they were made over one hundred years ago, they are very highly sought after silver coins in the united States of America, you are able to find them in good condition and with their carrying value, you can sell them in the foreign exchange market and even make more profits. You can read more here: https://en.wikipedia.org/wiki/Morgan_dollar.
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