9 Most Valuable Morgan Silver Dollar Error Coins
Minted among 1878 and 1921, and designed through George T. Morgan, the Morgan Dollar is one of the most popular coins within the facts of America. Lady Liberty is furnished on the obverse and and eagle with arrows and an olive department on the reverse.
These coins are already worth money even though they are historical and due to the fact that they have great silver content; however, a couple of error coins are really priceless. Mistakes in minting, unique designs, and extreme rarity can all contribute to extreme value, allowing some coins to be worth millions. In this article, we will get to learn more about the 9 most valuable Morgan Silver Dollar error coins that can make you rich.
1. 1878 7-Over-8 Tail Feathers
The 1878 Morgan Dollar is well-known for its “7 Over 8 Tail Feathers” variation. The first layout of this coin had eight tail feathers of the eagle, but it changed into later modified to seven feathers. However, the old design was not completely erased, due to which the slight effect of the two designs is visible in the coin.
This coin with this mistake has become rare and unique. An MS-65 grade coin was auctioned in 2023 for 40,000 dollars (about Rs 33 lakh). Its historical specialty and rarity make it extremely popular among collectors.
2. 1880-O Morgan Dollar (Coin Minted on Wrong Metal)
In 1880, some Morgan Dollars were minted at the New Orleans Mint on the wrong metal (Quarter Planchet). That is, they were minted on a sheet of metal made for smaller and thinner quarters rather than dollars, making them of unusual size and weight.
This mistake is considered very rare, and is why an MS-65 grade coin sold for $35,000 (about Rs 29 lakh) in 2022.
3. 1895 Proof Morgan Dollar
The 1895 Morgan Dollar is known as the “King of Morgan Dollars” because simplest 880 proof coins were made this year. All the other coins of this yr had been melted, making this coin worthwhile to creditors.
A high grade PR-65 grade coin bought for 1,20,000 bucks in 2023. Its rarity and notable maintenance make it one of the maximum precise Morgan Dollar coins inside the world.
4. 1921 Morgan Dollar (Doubled Die Obverse)
Some of the 1921 Morgan Dollar coins have a Doubled Die effect, which makes the image of “LIBERTY” and the year 1921 on the obverse of the coin look slightly doubled. This effect makes the coin more attractive and rare.
The MS-65 grade version of this coin was auctioned for 60,000 dollars (approximately Rs 50 lakhs) in 2023.
5. 1893-S Morgan Dollar (Clipped Planchet Error)
The 1893-S Morgan Dollar had a completely unique errors called the Clipped Planchet Error. In this, a part of the edge of the coin is missing, forming a crescent-like form.
This sort of MS-63 grade coin sold for 50,000 dollars in 2023.
6. 1884-O Morgan Dollar (Off-Center Strike Error)
Some Morgan Dollar coins made by means of the New Orleans Mint in 1884 had an error called Off-Center Strike. This way that the coin was now not in the right position when it became minted, causing its design to be barely shifted instead of within the center.
The MS-64 grade model of this specific design coin became auctioned in 2023 for $45,000.
7. 1885-CC Morgan Dollar (Nickel Planchet Error)
In 1885, some Morgan Dollars were mistakenly minted on Nickel Planchet, which are smaller and thicker in size. This caused the coin’s weight and texture to vary.
The MS-64 grade version of this rare error coin was sold in 2022 for $30,000 (about Rs 25 lakh).
8. 1899-O Morgan Dollar (Broadstruck Error)
In 1899, a few Morgan Dollar coins have been struck at the New Orleans Mint with out a Collar Die, making the coin large than normal length and slightly distorted. This sort of coin is known as Broadstruck Error.
The MS-64 grade version of this coin turned into auctioned in 2023 for $25,000.
9. 1903-O Morgan Dollar (Double Struck Error)
In 1903, a few Morgan Dollar coins had been mistakenly struck two times. In this method, the second one image is slightly seen above the primary photograph, making the design look a chunk uncommon.
This form of MS-sixty three grade coin offered for 20,000 dollars in 2023.
Why are these coins so valuable
There are many reasons behind the high price of these coins
- Rarity – Due to these mistakes, the number of these coins is very less, which increases their value.
- Condition – Coins kept safe in good condition are more valuable.
- Historical importance – The historical background of some coins makes them more important.
- Unique Design – Unique designs created by mistakes attract collectors.
If you have an old Morgan Dollar, inspect it carefully. You may have a rare coin that could sell for millions!
FAQs
What is the most valuable Morgan Silver Dollar error coin?
The 1895 Proof Morgan Dollar, with only 880 minted, has sold for $120,000 due to its extreme rarity and demand.
What makes the 1878 7-Over-8 Tail Feathers variety special?
The design was altered from eight to seven tail feathers, creating a visible doubling effect that makes it highly collectible.
How do minting errors increase a coin’s value?
Minting errors like double strikes, off-center strikes, and wrong planchets create unique rarities that collectors highly value.