Are you considering collecting coins but you have no idea where to start? Numismatics as a hobby can be fun, since it provides a form of collecting material that has historical value as well as the challenge of searching for coins that are rare. And there is no better way to start than by having a Morgan dollar set. The Morgan dollar is a U.S. coin that was produced from 1878 to 1904 with additional production in 1921.
Collecting fifty pieces of Morgan dollars is really a Herculean task that has the potential to give direction to this newfound passion of yours. The history of each of the coins in these sets is equally fascinating. However, there are a few important tips you should consider to have the best collecting experience on this interesting journey.
Understanding the Basics
First, it is necessary to learn about the Morgan dollar. These silver coins have the effigy of Lady Liberty on the obverse and an eagle on the central part of the back side of the coin. These coins are also known to be designed by George T. Morgan, and they were therefore, given his name.
The value of each coin may be significantly different depending on the condition of the coin, the year of minting, and the mint mark. Coins are categorized on a scale depending on their condition; MS63 which stands for Mint State 63, and above, are quite popular among collectors, as it refers to a coin that has not been used harshly and, therefore, has no wear but may have a few marks.
When you are ready to acquire a 50 piece Morgan dollar set for beginning your collection, consider buying a set that may include different types and conditions. That way, it can also be less costly than when very high quality coins only. This is an effective approach to owning a piece of the American dream.
Where to Begin Your 50 Piece Morgan Dollar Set Collection
To begin with, it is recommended to acquire them from reputable dealers or even at coin shows. Here, you can see the given coins and ask questions which will be answered immediately by the experts.
When buying, try to be certain that the pieces for sale are real and graded pieces. You should also gather relevant information about each coin, including the year, the mint mark, grade, and the cost of the item. This will prove most helpful not only for tracking the collection but also calculating its worth in the future.
Caring for Your 50 Piece Morgan Dollar Set Coins
It is important to note how you should take care of your Morgan dollars. Avoid touching the coins, preferably using cotton gloves for handling, and keep them in a dry and cool place free from direct sunlight. Holders such as coin safes or capsules can protect them from scratches or any environmental factor. This will ensure they retain their state and worth at the time of sale or usage.
Enjoy the Journey
If you are considering collecting coins or seeking a new pastime, beginning with a 50 piece Morgan dollar set can be an enjoyable experience.
Happy collecting!
