To Coin A Phrase…Of The Morgan Dollars For Sale, This 1900 Silver Dollar Is Purely Dazzling!
Talk about a real Cinderella story! It wasn’t until the 1960’s that the Morgan silver dollar, which prior to this date, was mostly ignored by the public, gradually became one of the most coveted and sought after of all the United States coins. In the autumn of 1962, there was a world-wide increase in the price of silver and a good many silver certificates were redeemed for Morgan dollars and the demand for them was very intense. Dealers, collectors and investors alike were scooping up all the Morgan dollars for sale that they were able. By March of 1964, the vaults of the Treasury were all but exhausted, with the exception of only 2.9 million Morgans, primarily exhibiting the scarce Carson City mint mark. These coins were sold by the General Services Administration, in a series of mail-bid sales from 1972 until 1980, making a large profit.
The year is 1900, with such exciting events such as: the United States and the United Kingdom signed a treaty for the Panama Canal, the first electric bus became operational in New York City and Hawaii officially became a U.S. territory. Also at that time, most Americans would rather use paper currency in place of those large, heavy silver Morgan dollars, which meant that many of these coins landed right in the Treasury Department’s vaults.
The 1900 silver dollar being offered today was struck at the Philadelphia Mint, which is the main mint that prepared the obverse and the reverse dies. Coins struck at the Philadelphia Mint do not actually have a mint mark, thus, when used, the “P” is for identification purposes only, in order to differentiate between the other Mints. This lustrous Morgan silver dollar has been graded as a Mint State 64, Gem Brilliant Uncirculated condition, by a third-party grading service and is an absolutely beautiful example of the Morgan dollars for sale. This turn of the century Morgan was struck in .900 pure silver, with an impressive diameter of 38.1. Exceptional in design and steeped in historical significance, this outstanding 1900-P Morgan silver dollar would not only be a wise investment, but also an asset to any collection!
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