
August 16, 2009
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When we were children, many of us had hobbies of collecting items. There is one place where you can still buy and sell the Morgan silver dollars – http://www.buy-morgan-dollars.com . These silver dollars were minted from the year 1878 to 1904 and then later in 1921. Several changes took place in America throughout the period of the Morgan dollar.
Previously, this dollar was not that popular of a coin and was overlooked by many collectors for decades. The collection of Morgan dollars became famous only until the early 1960s. Silver was priced around $1.29 per ounce during this time. A lot of banks had bags and rolls of silver dollar and one just had to go to the bank and ask for them.
After the Coinage Act of 1873 came in, dollars were coined on and off. This wiped off the dollar and restored it by a slightly larger dollar called the Trade dollar which was produced with an intension of exporting it for trade with China. The government went through a lot of changes and some acts were passed like: the US government suggested buying silver bullion for its own account to help support the market, the Bland-Allison Act was passed on February 28th, 1878; legislation dictated that the US government purchase $2,000,000 to $4,000,000 a month in silver bullion, etc.
The Morgan dollars were coined on 7th March 1878; just a week after the Bland-Allison Act was passed. The Philadelphia mint cranked out the first dollar coin after numerous adjustments of the dies. It was still rejected and then the press was adjusted and 11 more coins were produced. The very coins were struck on the polished planchets, removed by hand and put in numbered envelopes with the intension to deliver the first coin to the President and the 2nd coin to the Secretary of the Treasury ” John Sherman and the 3rd to Linderman.
http://www.buy-morgan-dollars.com gives us an opportunity to buy and sell the Morgan dollars by the way of bidding. Their store has the Morgan dollars 1878 to 1904 and 1921. There are quite a few rare coins available on this site like: 1893-O Morgan in Mint State condition, the 1892-S Morgan Silver Dollar which is very rare to encounter in uncirculated condition.
It is not easy to put a value to a VAM. The term VAM is a short form of “Van Allen” Mallis. Some of these VAMs are rare and some easy to get. A few rare VAMs available on this site are: 1893 VAM-4 Morgan Dollar has all doubled stars and a closed 9 in the date, 1892-S Morgan Dollar – VAM-2 is rare to come by die variety in which the whole date is doubled, etc.
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