The Morgan Silver Dollar is a type of silver dollar coin that was minted from 1878 to 1904 and again in 1921. It was named after its designer, George T. Morgan, and is considered one of the most popular and widely collected silver dollars. The coin is made of 90% silver and 10% copper, and features Lady Liberty on the obverse and an eagle on the reverse. The Morgan Silver Dollar is highly sought after by collectors due to its historical significance and its rarity, as some dates and mint marks are more valuable than others.
Silver is valuable for several reasons:
- Industrial Demand: Silver has many industrial uses, including electrical conductivity, brazing and soldering, and as a component in mirrors and coins.
- Scarcity: Silver is a finite resource, and the increasing demand for it, combined with declining mine production, has contributed to its scarcity.
- Jewelry and Investment: Silver is used in jewelry, silverware, and coins, and is also considered a precious metal for investment purposes.
- Store of Value: Silver has been used as a store of value for centuries and has maintained its value over time, making it a popular investment choice.
- Safe Haven Asset: In times of economic uncertainty, silver is sometimes viewed as a safe haven asset, and demand for the metal can increase.
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