If you think that one of the most valuable coins in the world is made out of gold bullion, think again. Collectors all over the world are looking to get their hands on a Morgan Dollar.
But why are these coins so much better than gold coins?

1. They’re popular – which makes them valuable
A Morgan Dollar is like the Hailey’s Comet of the coin world – you’ve heard it exists, but you’ve never seen it for yourself, and you’re dying to!

Why are they so popular?

Because they’re not the average coin. Morgan Dollars were first minted back in 1878, primarily in an effort to give the U.S.’ silver market a boost. In fact, these coins were never even meant to be used as money! While some of them were used in circulation for awhile, they have a legendary aura that’s all their own. You’ll never find a tale like this with gold bullion coins!

2.They’re very rare

Even though they were minted for nearly 50 years, a Morgan Dollar is incredibly tough to find today. Because they are such a rare find, their coin values are through the roof! If you’re lucky enough to get your hands on an uncirculated Morgan Dollar, you will be able to fetch a pretty penny for it. However, even the circulated ones will spark more of an interest with buyers than virtually all gold coins – meaning their coin values are much higher.

3. They’re made out of high-quality silver

A Morgan Dollar is even more valuable because of the material it’s made of. Morgan Dollars are made of the highest-grade silver – similar to pure sterling silver. When you buy one, you know you’re getting a high-quality product. When you buy average gold coins, you’re may not be getting materials that are as high-caliber.

4. They’re more artistic that gold coins

OK, so every coin has some kind of image minted on it, but a Morgan Dollar offers a better image than the average gold bullion coin. That’s because Morgan Dollars depict Lady Liberty on one side and an eagle with its wings outstretched on the other side.

And, as you might expect, there’s a story behind the design, too! A Philadelphia woman is actually the woman shown as Lady Liberty. She sat for the Morgan Dollar’s designer five times so that he could sketch her face and depict a “real” American woman on the coin. The average gold coin just can’t beat that!