by Glen Phillips
If you're in the market to <a href="http://atlantagoldandcoin.com/coins/silver-coins/">sell Morgan silver dollars</a>, 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.
Also known as the Liberty Head due to its characteristic Lady Liberty design, Morgan silver dollars were first minted in the late 1870s after the passing of the Bland-Allison Act which sought for the creation of a new dollar currency. The Morgan silver dollar eventually received its current name from the designer George Morgan who oversaw the design and minting of the first Morgan silver dollars. A colored history following that first minting is why the decision to sell Morgan silver dollars can be a huge investment gain for you.
All in all, there were five known mint locations for the Morgan silver dollar. These are San Francisco, Denver, Philadelphia, New Orleans, and Carson City. One of the first steps that you need to do when you decide to sell Morgan silver dollars is to try to determine the exact mint, date, and condition of the coins that you have. These are very important determinants for the coin's final sale value. For example, the 1895 Morgan silver dollar is one of the rarest silver dollars available so much so that some examples graded in MS68 condition are known to sell for as much as $120,000 in auctions.
Other Morgan silver dollars minted in 1895 also bring a nice premium due to the low mintage of the coin, but on a relative basis, fall well short of the type of money that an 1895 proof Morgan silver dollar can bring when selling Morgan silver dollars. For comparison purposes, it should be pointed out that most Morgan silver dollars are common date coins.
When you decide to sell Morgan silver dollars, take note of these tips to try and maximize your profit when selling 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. Another potential option, if you're interested in selling your coins online, is to send your coins to a coin dealer that offers a mail-in service. Just be sure that they're a member of the Better Business Bureau. Your more reputable coin dealers will typically agree to reimburse you for at least a portion of your shipping fees.
4. As a general rule, it's a good rule of thumb to avoid auction sites when you sell Morgan silver dollars. The reason being is that they charge substantial listing an final auction fees. Furthermore, since auction sites tend to favor buyers over sellers, there's the possibility of losing a substantial amount of money if there's a dispute and the auction service finds in favor of the buyer.
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.
Want to find out more about how to <a href='http://www.atlantagoldandcoin.com'>sell Morgan silver dollars</a>, then visit Atlanta Gold and Coin Buyers' site on how to choose the best coin dealer when <a href='http://www.atlantagoldandcoin.com/coins/silver-coins/'>selling Morgan silver dollars</a> to receive top dollar for your coins.
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New Unique Article!
Title: Tips on How to Sell Morgan Silver Dollars
Author: Glen Phillips
Email: tdavis321@gmail.com
Keywords: Sell Morgan Silver Dollars,Selling Morgan Silver Dollars,Sell Silver Dollars,Selling Silver Dollars,Coin Buyers,Coin Appraisals
Word Count: 635
Category: Hobbies
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