The 50-coin Morgan dollar set can be an interesting and rewarding collection for the coin enthusiast because many coins were minted between 1878 and 1904, and again in 1921. These historic silver coins are very appealing due to their detailed design and historical significance. They hold much interest and will give a window into a part of American history from the past century with each of these coins.
A complete set of Morgan dollars asks for much time, patience, and dedication. Since there are lots of mint marks, years, and conditions, there needs to be a thought-out strategy against striking the appropriate balance in terms of rarity and affordability. The guide below explores the steps and strategies followed in creating a complete Morgan dollar set, thus availing invaluable insight for both new and experienced collectors desiring to find a well-sought balance between affordability and rarity.
Understanding the 50 Piece Morgan Dollar Set
The Morgan dollar is one of the most in-demand coins within American history, named after its designer, George T. Morgan. Minted during an unprecedented burgeoning of industrialization and expansion in the United States, it carries more historical significance with each coin. The lovely design, large size, and silver content of the 50 piece Morgan dollar set make it a hit among many collectors.
Building a Collection: The Most Important Coins to Gather
When you start a Morgan dollar set, identification of some of the basic coins should be made—those are the foundation of every complete set. There are sets minted at places such as Carson City (CC), San Francisco (S), New Orleans (O), and Philadelphia (P). The Morgan dollars produced at Carson City seem especially in demand for their limited mintages and historical ties to the Wild West.
In addition to the mint mark, there is also the grade or condition of the coin to consider among collectors. The higher grade a coin falls into (such as MS63), then the more valuable and highly desired it will be due to much better preservation. Sometimes coins of superior quality may not be as reasonable in price; balancing out quality and price is very important when you build your collection.
Approaches towards Coin Acquisition
Of course, a complete Morgan dollar set comprises 50 coins, many of which are tough to find or more expensive than others. You must have a plan for how you will continue making purchases. Most collectors compile an initial collection of the more affordable coins and, over time, fill in the rare ones that they consider to be more costly, but other collectors prefer to begin with the securing of the expensive ones.
It would be great to join a community of coin collectors, attend coin shows, and participate in online auctions to find specific coins for your set. You will slowly build up a collection that can mean something in historical and monetary value and as part of your personal collecting journey.
Completed Set: The Prize for Perseverance
Building a complete 50 piece Morgan dollar set represents a major accomplishment in the world of coin collecting. Each one of the coins says something different about America’s past, and the efforts involved in finding and preserving these historical pieces bring a personal connection to the collection that should not be allowed to go to waste. Once you have completed a set, you can house it in a custom case, which will enable you to display the beauty and diversity of the Morgan dollars.