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<p>[QUOTE=&quot;johnmilton, post: 4028132, member: 101855&quot;]It has been my experience that the Morgan Dollar has been the most popular U.S. for people who have money to spend on collector coins. It is also, by far, the most common 19th century U.S. coin. Many date and mint mark combinations are available in Mint State, often MS-63 and higher.</p><p><br /></p><p>The reasons for this are that the coin was made in huge quantities in the 19th century because of the political influence of the silver producers. Except in the western states, most people didn’t want the coins because they were too heavy and inconvenient to use. Therefore, they piled up in huge quantities in government vaults with many coins in Mint State condition. A large number of them were melted in 1918 as mandated by the Pitman Act, but the remaining supply was still huge.</p><p><br /></p><p>There are really no rare Morgan Dollar date and mint combinations. Even “rare dates,” like the 1893-S, are not that rare, except perhaps Choice Mint State. I knew a dealer years ago who regularly had 12 or more of them in stock, in a wide assortment of grades. That coin, and the rest of the key dates are always available for a price.</p><p><br /></p><p>Given the large supply, it’s not surprising that prices go down when the demand for the coins drops. Fewer collectors are chasing them these days, and many of the older collectors who supported the market have died or have left the market. Their withdrawal from the market often results in more pieces coming up sale, which depresses prices further.[/QUOTE]</p><p><br /></p>

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