Uncirculated Morgan

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Frequently Asked Questions...

Can you trade in Morgan silver dollars at a bank?

I have a few hundred Morgan silver dollars and Peace silver dollars. I need money that I can spend right now more than I need a coin collection. So I was wondering if I could take these coins to the bank and trade them for their face value. Even though they're no longer in circulation they are still legal tender.
Of course, I would'nt want to do this with my nicer Morgans that are graded, since they're worth far more than their face value.


Best Answer...

Answer:

You wouldn't want to do this as the price of sliver is far greater than face value. Find a coin broker in your area or put it up on ebay. You'll find people who will pay far more than face value. I just bought some uncirculated Morgans for a little more than $20 a piece.