Silver Morgan Dollar

[Donnalou57-migration]

Hi, I'm new here and have 2 Silver Morgan Dollars. They are in very excellent condiotion. The 2 I have are 1901 S and 1886. I'd like to know what makes the 1886 O, more valuable than the 1886. Thank you.

[Jay Turner]

When determining a coins value most take three main things into consideration, scarcity, condition and desirability. In the case of the 1886-O Morgan Dollar it is really a factor of condition scarcity that seems to drive the price. While 1886-O Morgan Dollars are abundant in grades of AU and lower, getting a coin in the grade of MS-63 or higher is rather difficult. A look at the NGC population report shows that we have graded 256 MS-63, 84 in MS-64, and one in MS-66, as a comparison to 1886 which we have graded well over 50,000 in grades of MS-63 or better. Because of the condition scarcity and the popularity or Morgan dollars especially in higher grades the coin becomes a key for anyone who is trying to put together a set of dollars in uncirculated to gem condition. Because of this collectors have to compete over a small amount of these coins making its desirability much higher and driving its price up.

[Donnalou57-migration]

Thanks.... How does one go about getting coins certified? Or is it even neede? Thanks again, Donnalou

[Jay Turner]

Everything you may need to know about submitting coins can be found on NGC’s website. Here is a link to get you started. http://www.ngccoin.com/services/submitting.asp

[Donnalou57-migration]

I see CGoldenCoins is in my neck of the woods, I'll give them a call. I'll post what comes of it.