Every once in a while there will be a certain item that would catch a lot of collectors’ eyes. That can be seen from virtually anywhere including coin collecting. This is evident when discussing the unique rarity of the beloved Morgan Silver Dollars.
This is why a simple currency coin has made a significant impact in a collector’s arsenal of collections.
The concept of the Morgan Silver Dollars came and changed the concept of coins in the world. This simple form of currency was the first of its kind to use silver as its base material when being designed.
These coins were an expensive power move decision by the American government. The problem with this design is that it was too expensive to regulate consistently with the economy at hand. As such, most of the coins were re-scrapped after some time had passed. Thus, this coin is now considered an ultra-rare find.
You would not think that something as simple as designing a coin could lead to some complications. Alas, the formation of the coin itself was proven to be shrouded in a messy controversy.
The choice of design alone was deemed to be used solely due to one person rigging a contest. This was done because of dissatisfaction with the Chief Engraver Barber. In addition, the coin itself was referred to by some as the “Buzzard Dollar” mainly due to the unorthodox scrawny bird on the reverse.
Another form of design controversy came because of a debate on the number of feathers the representative eagle should have. Some people are claiming that it should be 8, while others chanted for 7. This has caused some coins to receive misprint dies on the coins themselves. Ironically, this has caused the value of the Morgan Silver Dollars to rise in today’s coin collecting world.