1891 Morgan Silver Dollars
The 1891 Morgan Dollar is part of the series of Silver Dollars designed by United States Mint Assistant Engraver George T. Morgan. It was worth one dollar and was minted between 1878 and 1921; it was commissioned by the Bland-Allison Act and was taken out of being minted by the Fourth Coinage Act.
The coin features a prominent portraiture of Lady Liberty on the obverse side; on the reverse side there is an engraving of the eagle with outstretched wings. An 1891 Morgan Dollar is 90 percent silver and 10 percent copper. It weighs 26.73 grams.
Today, the 1891 Morgan Dollar is rarely found in uncirculated condition and is also rare as a gem. As a result, the uncirculated coins go for relatively high prices. The price also fluctuates with the spot price of silver on the commodity markets. The MS-65 is very rare, and so are the MS-63 and MS-64, although slightly less so; these, also, go for the most money.
If the coin is circulated, then the quality of the coin and the price of the coin goes down considerably; furthermore, this means that the coin will respond most sharply to fluctuations of the spot silver price.
Today, the 1891 Morgan Dollar is rarely found in uncirculated condition and is also rare as a gem. As a result, the uncirculated coins go for relatively high prices. The price also fluctuates with the spot price of silver on the commodity markets. The MS-65 is very rare, and so are the MS-63 and MS-64, although slightly less so; these, also, go for the most money.
If the coin is circulated, then the quality of the coin and the price of the coin goes down considerably; furthermore, this means that the coin will respond most sharply to fluctuations of the spot silver price.