Can I buy Morgan silver dollars from the bank?

Banks rarely, if ever, will have silver dollars for sale. However, even then you may not want to buy or sell at the bank. That is because they charge significantly more than bullion dealers do. Long story short, the days of buying silver at the bank under spot are all but gone.

How much is a silver Morgan Dollar worth today?

Depending on the condition and scarcity of the coin in question, you can pay anywhere from as little as $10 to as much as $100 and more for a Morgan Silver Dollar.

Are Morgan silver dollars a Good investment?

Because the Morgan Dollar series exists in generally higher grades than most other series, you should invest in only the highest grade specimens. They are pricey compared to MS-60 to MS-63, but their incredible rarity in the age of encapsulation make them a good investment.

Are silver dollars available?

You can still find silver dollars available to purchase today as a collectible item or as an affordable option to expand your investment portfolio in silver precious metals. Learn more about silver dollars for sale at JM Bullion!

Which is the most expensive Morgan silver dollar?

The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. According to U.S. Mint records, there were 12,000 circulation strike Morgan silver dollars struck for 1895, and 880 Proof specimens struck.

How do you tell where a Morgan silver dollar was minted?

The mint mark on Morgan dollars is located on the reverse side, beneath the wreath surrounding the eagle. It is just above the D and O of the word Dollar. On this coin the mint mark is an “O” for the New Orleans mint.

How much silver does a Morgan silver dollar contain?

In order to conform to the Coinage Act of 1837, the Morgan dollar contained ninety percent silver and ten percent copper, measured 38.1 millimetres (1.50 in) in diameter and weighed 412.5 grains (26.73 g).

Where is m mark on Morgan silver dollar?

The Morgan dollar designer’s initial, a single M, is at the base of Liberty’s neck . On the silver dollar’s reverse (tails side) is the eagle with its wings spread. Between the eagle’s outstretched wings is IN GOD WE TRUST. Across the top of the Morgan dollar’s reverse is UNITED STATES OF AMERICA.