1883 Morgan Dollar

Hooray for silver as it is still slowly going up but no where near the highs of a few years ago. Silver will stay below $30 for a while since the economy and the world is relatively stable. The lack of U.S. involvement in Syria did stabilize the market further. It is still odd how world events affects metals so much when realistically the amount of silver reserves never changes and actually get s bigger.

1883 is a common year and the value in low grades is just above metal value but it is easy to own. Keep these common Morgans in a cool, dry, and dark place for safe keeping and when you need to get some quick cash then do not be afraid to sell them.

While I am all for collecting I am not much for investing. Too many people hoard coins then live miserable lives and after death the relatives sell the coins for a fraction of their worth. Sell a handful of common Morgans to pay for current things is fine and you should not feel like you are missing any future opportunities. Your current mental and financial health should always be a priority.

Here's the stat for this coin...
Type/Country: 1 Dollar / United States
Year: 1883
Mintage: 12,290,000
Metal: 90% silver, 10% copper
Value: $23.00 in F-12

Do you have a silver dollar and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.