The 1880 Morgan silver dollar from the United States is a highly sought after coin. Today investors as well as collectors look for examples in all grades.
Collectors will seek out certified coins that have been graded and encapsulated by a third party grading company. The two most widely used are PCGS and NGC. These two companies also have websites and they list the prices for all US coins each day as they rise and fall. This gives the opportunity to follow your investment accurately and effectively.
There were a great deal of Morgan silver dollars minted by the United States throughout the entire run of the series. The 1880 is not considered a particularly rare coin relatively speaking, to some of the rare dates in the Morgan dollar series.
These coins are sold for the silver content, once they have become worn through circulation. Their value shall rise and fall in line with the spot price of silver. Coin dealers as well as metal dealers trade them each day and the market for all Morgan silver dollars continues to see and attract new buyers globally.
Error Examples On The 1880 Morgan Silver Dollar
The United States mint is famous for creating coins with errors on them. They have become instant collectibles and usually because they are pretty rare, they can command a premium over their perfect counterparts.
Known examples for this year are bought and sold at a premium by error coin collectors. All error coins will take a ten power magnifying glass to detect their authenticity (there are counterfeiters that especially model Morgan Silver dollar error coins). Make sure the error is truly from the mint and not post mint from an accident, or environmental damage.
There are many different types for this year as well. Issues were struck at the Philadelphia mint, SanFransico and New Orleans, as well as the CC issues from the Carson City mint.
Carson city coins have many varieties such as different reverse dies that were used. There is also a high 7 and a low 7. Make sure you know the variety you have as the price range can vary greatly.
I would advise that you at least get one expert to look at your coins before you sell ( I would personally get at least one other second opinion also). This way, you'll be able to research recent sale prices. eBay is a great place for this, they'll allow you to search historical auction prices, hence you can find how much certain coins have been sold for and hence you will give you a rough indication as to the kind of price you could command for your coin or price you are wishing to purchase it for.
All of the coins are obsolete. This means there will never be another one made. Whatever is out there surviving, is whats going to be out there. The price for an 1880 Morgan silver dollar is destined to rise with time, as history has already shown.