Today, more and more people are getting hooked to coin
collecting. Some are in it for serious trade and collecting, but some are
just in it for sheer thrill and fun. Whatever reason you have, you know
that coin collecting brings you a sense of fulfillment, pride and joy. And
what more could you possibly ask for your collecting than a Morgan Silver Dollar
in excellent condition.
Before discussing about a Morgan Silver Dollar BU, read
the following facts to brush up on your Morgan Dollar and coin collecting
knowledge.
What is a BU?
Sure, you have commonly heard and encountered the term
BU. But do you really know what it means? A BU coins is a coin that
has never been circulated, and is in excellent condition, meaning it retains its
entire original mint luster. This is the reason for its name, an acronym
that stands for Brilliant Uncirculated.
Now that the Sheldon scale of numerical grading is being
used more often, the name BU is used less frequently. Nowadays, terms such
as MS or Mint State are used. BU coins generally fall into the lowest
grades, from MS-60 up to MS-62. Choice BU coins fall under higher MS
grades, about MS-63 up to MS-64, while Gem BU falls under MS-65 grading or
higher.
What is the Morgan Silver Dollar
BU?
The Morgan Silver dollar is a U.S. silver dollar coin
that was minted from years 1878 to 1904. It was re-issued again for
another year at 1921. The coin was authorized by the Bland-Allison Act of
1878. Both its obverse and reverse was designed by George T. Morgan.
Its obverse features the Lady Liberty while its reverse features an eagle
holding arrows and an olive branch. A BU just means that the Morgan Silver
dollar is in a brilliant and uncirculated condition.
Specifications
The Morgan Silver dollar BU has a fineness of
.900. This means that it has a total silver content of 0.77344 troy ounces
per coin, or an equivalent of 24.057 grams. It weights 26.73 grams and has
a diameter of 38.1 mm. It has a thickness of 3.1 mm.
The Morgan Silver Dollar is composed of 90% silver and
10% copper. The copper is added for strength and durability of the
coin.
Why you should buy a Morgan Silver Dollar
BU
You should definitely consider buying a Morgan Silver
Dollar BU. Morgan dollars are considered to be one of the most popular
coins of the U.S. coinage. Getting one in BU or brilliant and uncirculated
condition will in fact give it more numismatic value. Remember that the
better the condition and the rarer it is, the higher the value.
Mints
Morgan silver dollars are minted in Philadelphia (p),
Carson City (cc), Denver (d), New Orleans (o) and San Francisco (s).
Among these mints, the Morgan dollars coming from Carson
City are more valuable because of its low mintages.
Overall, you should really buy a Morgan silver dollar
now, whether you are collecting coins seriously or just for fun.
