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Silver Morgan Dollar

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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.

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