Morgan Silver Dollars, Pawn Shops Are A Great Hedge Against Inflation

Morgan Silver Dollars
Morgan Silver Dollars

In 1960 the paper dollar and the Morgan dollar circulated side by side, and they both had the same value. Now the Morgan Dollar is worth $34.00.

1971 The United States Abandonded the Gold Standard

In 1971, by executive order by the President of the United States, the United States would no longer convert dollars to gold at a fixed value. This order abandoned the gold standard, and President Nixon did this to address the country’s inflation problem and discourage foreign governments from converting dollars for gold. Since the gold standard was eliminated in 1971, gold and silver are great hedges against inflation.

The Coinage Act of 1873

The Coinage Act of 1873 revised laws to move towards the gold standard and away from silver. The Act specified the exact silver coins that could be minted and their respective weights, but the standard silver dollar was not included. This ended the free coining of silver and the production of the Seated Liberty Dollar.

The Coinage Act of 1873

The Morgan Dollar

The Morgan dollar is a United States dollar coin minted from 1878 to 1904 and in 2021. It was the first standard silver dollar minted since the Coinage Act of 1873.

In 1878 the Sherman Silver Purchase Act increased the United States government silver purchases increases silver dollar production. The Panic of 1893 an oversupply of silver triggered bank failures causing economic depression. In 1904 the Morgan Dollars ended after the mints stopped manufacturing Morgan Dollars when the silver reserves were gone.

Two rare silver coins both depict United States history.

 

The front side of the Morgan Dollars depicts Liberty wearing a Phrygian cap with “Liberty” on the hairband. On Liberty, the front is displayed wearing a radiating crown, and the reverse shows a bald eagle resting on an olive branch. Originally named the Liberty Head Dollar, the Morgan dollar was minted in the Philadelphia Mint, New Orleans, Carson City Mint, Denver Mine, and the San Francisco mint. There were criticisms about its design as well as its weight and size.

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Photo Of George T. Morgan (Click Photo For Source)

George T. Morgan

Morgan, born in November 1845, was a British immigrant who assisted William Barber, the Chief Engraver at the Philadelphia Mint. The Morgan Dollar is one of seven coins designed by George T. Morgan and an assistant engraver at the Philadelphia Mint.

Director of the United States Mint, Henry Linderman, realized that the nation desperately needed a new silver dollar coin. He instructed George T. Morgan and William Barber to design a coin depicting Lady Liberty. Morgan decided to show an American woman instead of a greek profile on the coin.

Anna Willess, Williams

A teacher from Philadelphia, Anna Willess, Williams, sat five times as her portrait was used for the Morgan Dollar. The reverse depicts an eagle with wings outstretched. Liberty’s cap is adorned with two stalks of wheat and two cotton blossoms representing American agricultural heritage. The eagle with its wings outstretched holds an olive brand in its mouth, representing peace as it perches atop a bundle of arrows symbolizing readiness for war. Encircling the coin above the United States Of America is the denomination, one dollar with stars on each side. The obverse features the head of lady liberty facing left with the words E. Pluribus Unum in the upper curve of the coin.

The Morgan Dollars all have an M representing George T. Morgan’s efforts in the coin design.

The Morgan Dollar series had a rough start.

The problems started five years before the first Morgan Dollars were ever minted. Why? Under the Mint Act of 1873, the Act ended bimetallism in the United States and placed the United States firmly in the gold standard and away from silver. The production of circulating Liberty seated silver dollars ended in favor of trade and gold dollars. Silver dollars made up less than one percent of circulating silver.

Some people called the coin the Cartwheel because of its size and weight and cowboys in the west. Morgan Dollars are 90% silver and 10% copper, and its ways 26.73 grams, almost an ounce. Imagine carrying around 20 of these coins all day long.

Nicknamed the Buzzard Dollar

Mostly circulated in the American west, the Morgan dollars were nicknamed the buzzard dollar because the bird on the reverse side of the coin was said to look like a buzzard, not an eagle.

It was initially minted from the largest silver strike in U.S. history, the Comstock Lode.

In 2021 the Morgan Dollar was replaced by the Peace Dollar.

Nicknamed the Buzzard Dollar
Photo Provided By CoinWeek (Click Image For Source)

Over a quarter-million of the older Morgan Dollars were melted down to mint the 1921 coin, which was over half of the entire mintage from 1878-1904. A surprisingly large number of Morgans still exist and can be found in uncirculated conditions. The Denver Mint only struck Silver Dollars during 1921 because the Treasury had destroyed the obsolete Morgan Dollar dies in 1910, and a new master die had to be created.

 

George T. Morgan designed the reverse design of the Columbia Exposition Half Dollar and the reverse design of the McKinley Birthplace Memorial Gold Dollar before his death in January 1925.

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Photo Provided By Coin Study (Click Image For Source)

Mint Marks

A mint mark is a small capital letter or letter identifying where a coin was made. This is important because the mark holds the maker responsible for the quality of the currency. Mint marks first began being used in 1838.

A mint is an industrial facility that manufactures coins that are used as currency. Historically coins were hammered or cast, which took time. Now coin dies are used to manufacture large numbers of coins. Planchets are made into milled coins. Planchets, sometimes called flans or blanks, are small metal disks used as the bases for the currency.

The United States has had eight different mints over the last 200 years. The small capital letters tell the location where the coin was birthed.

Carson City, Nevada, struck both gold and silver coins between 1870 and 1893, and the double letter CC is used for this location. Between 1838 and 1861, the mark C was used to denote the minting that took place in Charlotte, North Carolina.

The D mintmark was used for the Dahlonega, Georgia Mint, which operated between 1838 and 1861, and this mint only manufactured gold U.S. coins. In 1906 the D was then used for Denver, Colorado.

The O mintmark represents the facility in New Orleans, Louisiana, between 1838 and 1861 and between 1879 and 1909.

The only mint that did not have a mint mark is the coins manufactured in Philadelphia, which often carry no mint mark.

silver Morgan dollar collection
Photo Provided By 2nd Markets (Click Image For Source)

Coin Collectors

Coin collectors are skilled in looking at the date on a coin and the mint mark to determine where the coin was made. Which U.S. Mint a coin was manufactured at tells a great deal about its historical significance. Because the Morgan Dollar had a rough start, some of the first years of issue coin an extra historical significance.

Morgan’s silver dollar values start from as low as $10 to as high as $100. However, the most expensive MS65-graded coins with the 1889 CC bring $300,000.

The rare 90% Morgan Silver Dollar is considered the most desirable Morgan ever manufactured. The key-date 1893‑S Morgan is a showpiece. According to Coin Trackers, a certified mint state 1893-S Morgan could bring as much as $550,000 at auction.

Coin Grading Scale

A coin grading scale is a process of determining the grade or condition of a coin. Grading is directing related to assessing the value of the currency. The coins’ grade is determined by strike, preservation, luster, color, and attractiveness.

The American Numismatic Association

The American Numismatic Association was founded in 1981 by Dr. G. Heath. It was established to advance the knowledge of numismatics along educational, historical, and scientific lines and enhance interest in coin collecting. The American Numismatic Society is an organization dedicated to studying coins, currency, medals, tokens, and related objects from all cultures, past and present.

What Coin Grading Service is best?

If you want your coin’s certification to be universally accepted, you may want to stick to the two most trusted servicesNumismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS). NGC and PCGS are trusted around the world because of their consistent and reliable grading.

The main reason to have a coin graded is to determine its market value. To understand its value, you have to know how well it was made, to begin with, how well it was preserved, and how much wear and damage the coin has sustained. The uncirculated finish is a coin that has never been in circulation and obviously maintained well. These coins bring top dollar.

Coin Grading Service

Notes

Paper money is also graded, and United States banknotes are graded like the coin grading system. The topmost pristine grade is new or gem, the worst being poor. Paper money or notes have a natural advantage over coins in that they are lighter to carry, but they are also less durable than coins. Either way, collecting coins and notes is a great hobby and investment.

Where can you buy and sell coins like Morgan Dollars?

Morgan dollars were minted and are now sought after as a hedge against inflation and by collectors. Silver coins, silver bullion, and precious metals are worth the time and effort put into finding the right deal. Pawnshops carry Morgan dollars because other customers had gone through their large quantities of coins and decided to sell them or use them as a collateral pawn loan item when they needed fast cash. Popular coins like a silver coin are those with a historical significance, and sometimes grandparents from the world war era saved Morgan dollars and other silver coins to give to their children and grandchildren.

With the most recent changes in the economy, some customers had to dig through their coin staches and find the coins with “tail feathers,” Morgans, and took them into pawn shops to sell. Did you know that the original Morgan dollars had an eagle on the reverse side that had eight tail feathers, and soon after production began, the U.S. mint was advised that the eagle should have eight tail feathers. The design was changed. Some of the 1878 Morgan dollars have eight tail feathers, whereas some have seven.

Pawnshops also have fine silver, a silver bullion supply, and pure silver dollars for retail. The stock qty depends on the traffic the pawnshop has experienced at their store and the number of customers trading in silver coins for cash.

R& J Jewelry and Loan

R & J Jewelry & Loan pays cash for a wide variety of products. Silver, diamondsJewelry – you name it, we can help. When you come to our pawn shop in San Jose, CA, you can be sure you’re dealing with EXPERIENCED and dependable professionals. Trade your unwanted items at our pawn shop. We will buy, sell and trade all types of jewelrysilver, and luxury items. We will purchase, sell, and exchange goods. We are the leading Gold Coin Buyers in San Jose, Ca. Buy your silver, Morgan Silver Dollars, fine silver, precious metals, dollar coins, junk silver, luxury handbags, Rolex, luxury watches, and more.

Do Pawn Shops Have Different Kinds of Luxury Bags In Their Inventory?

Celine Bag 1
Photo Provided By Celine (Click Image For Source)

The fun multi-dimensional statement of nontraditional-shaped luxury handbags. Are you in? Did you know Celine makes triangle bags?

There are so many brands of luxury handbags; Louis Vuitton, Chanel, Gucci, Prada, Loewe, Dior, Balenciaga, and Celine. All come with their own set of perks and characteristics, and there is no denying they all represent excellent design and craftsmanship.

Louis Vuitton purse

Louis Vuitton’s luxury handbags are made by Louis Vuitton, who opened his first store in 1854. It takes about one week to design and create one handbag because they are all handmade. You won’t find new Louis Vuitton handbags “on-sale” or at a “discount” because any bags that are not purchased will be sent back to the factory in France, and then they are either burnt or shredded to maintain their value and class. Louis Vuitton began his career as a trunk maker when he was 16. I bet he didn’t think his bags would be highly sought after back then. All Louis Vuitton bags are waterproof and fireproof not sure how that affects burning them if they are unsold and returned to the factory.

Gucci Backpack

Gucci luxury handbags are an Italian brand with a value of approximately $17.63 billion in 2020. Originally Gucci made briefcases and handbags. Starting as an elevator operator in an upscale hotel in London, he met celebrities like Marilyn Monroe and Winston Churchill. He was inspired by their accessories and decided to start his brand. In 1950 he began using the horsebit logo, and the brand was first seen in saddlebags followed by briefcases and jewelry. Gucci died in 1953. His three sons named Aldo Gucci, Vasco Gucci, and Rodolfo Gucci, took over the business after the death of Guccio Gucci. They promoted the products of the brand through Hollywood celebrities.

Celine Purse
Photo Provided By Celine (Click Image For Source)

Celine Bags

Celine bags may not be as pricey as the Chanel Classic Flap and Hermès Birkin, but they’re still not cheap: you will spend between 650$ (for the Panier in raffia) and 7500$ (for the Classic bag in lizard) to get your hands on a Celine bag.

Celine Bag 2
Photo Provided By Celine (Click Image For Source)

Celine bags may not be as pricey as the Chanel Classic Flap and Hermès Birkin, but they’re still not cheap: you will spend between 650$ (for the Panier in raffia) and 7500$ (for the Classic bag in lizard) to get your hands on a Celine bag.

Celine Triangle Bag
Photo Provided By Celine (Click Image For Source)

In 2021 the Celine Triangle Bag took the spotlight. Crafted in an upside-down triangle shape, it is indeed a head-turner. The front flap says CELINE, making it a statement in itself. CELINE’s Triangle Bag ranges in price from $970.00 to $1250.00 and can be a great statement to that spring and summer style.

Celine Worker
Photo Provided By Fashion Network (Click Image For Source)

Why are they so expensive?

All Celine bags are made in Italy, where factory workers earn a livable wage. Each bag is crafted by skilled artisans who take time and meticulous attention to detail to make sure the bags are flawless. They focus on the materials used, stitches, and lining. No luxury handbag can be less than perfect. The materials used in the bags are the most luxurious materials available today. Supple calfskin, lizard skin, natural and unique leather goods are used to make the bags that will present the style associated with the name.

All Celine bags are durable, versatile, and express simple luxurious sophistication.

No matter what clothing a woman picks out to wear to a local art gallery will only look better with a Celine bag.

Celine bags may not be as pricey as the Chanel Classic Flap and Hermès Birkin, but they’re still not cheap. Bags cost between $650.00 to $7500 new. Celine bags are a great investment piece because it is durable and something you can wear for years, and they will retain their resale value.

How to find a Celine bag at a reasonable price.

With online, resell, and rebag stores available today, finding a Celine bag at a reasonable price won’t be a problem. Many online resale stores listed featured designers and show their purses at a discount. These stores typically charge shipping and have different luxury purses to add to any collection.

Celine Bag Closeup
Photo Provided By Celine (Click Image For Source)

Another option to shop for a luxury purse is to visit a pawn shop.

Pawnshops have reasonable prices on watches, purses, gold and diamond jewellery, and other luxury items made by various designers. Pawnshops often have luxury purses like Louis Vuitton, Chanel, and Celine. They will also get vintage Celine bags in from time to time. The bags are typically in really great shape and come at a great price.

Unlike big box stores, the prices may be negotiable, which will help save money.

If you decide you want to sell your luxury handbags so you can put that money towards the purchase of different luxury purses, visit your local pawn shop. Most pawnshops will buy luxury purses in good condition, paying extra for those in excellent condition.

The service at a pawn shop includes buying, selling, and pawning (short-term collateral loan).

 

All services are transparent, and pawnbrokers are easy to work with. Sometimes pawnshops run promotions so that you can receive a little extra for your luxury items. It’s worth waiting to bring things in so you can do so when you have more ways to get the cash you need. Some pawnshops have “opt-in” niche lists so you can receive notice of sales or promotions that are coming up so you can get early sale access and save money this way too.

R & J Jewelry and Loan

R&J Jewelry and Loan has been a family-owned and operated pawn shop since 1978. The pawnshop focuses on fair and reasonable deals by building a solid reputation on personalized services with the customers’ needs in mind. Having both a clean and sophisticated storefront and an online shop, R&J Jewelry and Loan has an excellent selection of name-brand watches, luxury purses, gold, silver, and diamond jewelry in various price ranges. We strive to set ourselves apart from other pawnshops offering real money for personal items you want to sell or pawn.  

Come by and see us when you decide you want to shop for a pink, blue, brown, orange, vintage, Paris-made, vintage, triangle Celine bag, or other luxury handbags with charm and accessories. We have a large selection of Louis Vuitton handbags and other name brands like Chanel and Celine. Our inventory often changes, so make sure you take the time to look at our ads and the online listings, so you don’t miss out on what you are looking for. We have luxury bags in very good condition and some that are like new. While browsing the online listings, you will see that the prices are reasonable and affordable.

Do you have a luxury item you’re ready to part with? In addition to offering pawn loans in San Jose, CA, R&J Jewelry and Loan will also purchase your unwanted brand-name purses and accessories. You can get cash on the spot for your gently-used items. Our team of experts will appraise your item and give you a fair price.

When purchasing a designer handbag remember that R & J Jewelry and Loan appraises and authenticates its bags so you can rest assured the bag you are buying is genuine. We are aware of the counterfeits that come through, and we pride ourselves in making sure what we put on our shelves are bags you know are authentic ones made by the featured designers who crafted them.

Rolex watch from R&J

If you are looking for designer bags, you may also be in the market for luxury watches like Rolex. We specialize in luxury watches and may have just what you want. If you have a watch you would like to consider selling or pawning, bring it in today. We will walk you through the process and make you a great offer. The arrivals often change so shop often. You can also search our online store to see if we have one of the watches you are looking for. Having more than one location, we may have what you want at one of the other stores. Let us look.

Drop by today and see what purses, bags, watches, and jewellery we may have. You will be surprised.

Treasures In Your Closet – Louis Vuitton Designer Handbags and Luxury Items

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It’s now after Christmas, and spring fever is setting in. Do your find yourself feeling restless, super couch potatoish, or having an urge to clean closets, drawers, dressers, and garages? Before you know it, the warm days will be back, and you will be looking forward to summer picnics and family get-togethers. Spring and summer can be great to plan things with the money you got selling your unused valuable items.

Designer Handbag

As you go through your closets, maybe you discover some gold jewelry you don’t wear, or a Chanel, Louis Vuitton, Gucci, and other luxury purses you haven’t worn for quite some time. Maybe you have an excellent musical instrument you had purchased for your child, and now that child is off in the big world, and the instrument is just collecting dust. Do you have a virtual keyboard? You are still new in the box, and you won’t need it. The virtual keyboard, along with the luxury watch you have still in the box, will bring you some quick cash.

Wondering what you can do with them?

Maybe you purchased a couple of Chanel luxury handbags that you thought were risky color combinations based on what you usually wear. Now you see them neatly packed away and realized that you probably won’ use them again. You know you don’t want to throw them away; that would be silly. You know you don’t want to give them away. You wish you could get some money back from them; they are designer handbags.

There are pawn shops that buy designer handbags and other luxury things. They will buy these things along with your designer bags outright or use them as collateral for a short-term loan and quick cash.

You may not want to lose your things. If you’re going to pawn your designer handbags, you can d. After you pay back the loan, you will get your bag back. It’s a win-win arrangement for you and the pawnshop. You get the money you need and want, and the pawnshop makes some money off of the interest for loaning you the quick cash you need.

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A designer handbag was an investment when you purchased it.

You knew you would use the designer bag only on special occasions, and now it sets in tissue paper to protect its’ craftmanship. It was an investment in style, sophistication, and statement when you bought it a few years ago. Now you know the bag won’t be used again, and because it was one of the sought-after designer handbags, it has maintained its value.

It may be one of the classic bags that many people are looking to buy. Pawnshops buy luxury handbags like Chanel, Gucci, and Louis Vuitton because pawnshops can sell designer bags in-store or online for a reasonable price. Having just the right designer handbags for customers helps bring customers back, and word of mouth travels that the pawnshop is a great place to visit often if a customer decides they want to purchase a luxury handbag that represents beauty yet is still affordable.

Maybe you decide you don’t want to pawn your designer handbags for cash but want to sell the bags outright. This is also an option at pawnshops. Either by pawning or selling, you can get easy money.

Because most shops want to have a variety of luxury handbags like Louis Vuitton bags to look through so customers can find the perfect bag, a local pawn shop is willing to look at them, appraise them, and buy them for quick cash.

Many pawn shops have shopped online with a quick and easy user interface, meaning customers won’t have a problem finding what designer handbags the shop has for sale. A pawn shop wants to keep its online inventory full and exciting. Your slightly used bag may be just what they are looking for, so take it in!

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A pawn shop will authenticate

A designer purse is only as good as its authenticity, which is why pawn shops are willing to authenticate them. Authentication services at a pawn shop help the customer buy items with confidence.

With Facebook Market Place and Craiglist, many bags are listed for sale with comments about designer brands, but there is no guarantee that they are real. With the amount of money designer handbags cost, you want to ensure your bag is not a fake or replica.

Nothing would be worse than purchasing a designer handbag, taking it home, deciding to have it authenticated, and finding out it is a counterfeit.

Designer purse inventory often changes, so make sure you check back often.

Some pawn shops also have a form or a way to get a quick quote right on their website. After you fill out the web form, you can provide clear pictures and know if the pawnshop will take the designer purse. This will save you from driving into the shop and finding out that they won’t loan or buy the bag.

When you fill out an online form or quote request, you will need to provide as much information as you have, and it helps if you have original receipts. The pawn shop will give you a quote based on the purse’s initial valuation. A final offer is made after the designer handbag is taken into the shop, and seeing the bag in person will assist the broker in authenticating it. Having original receipts and certificates in hand when you visit the store may help you get a higher offer.

The process used by a pawnshop is to protect you as the seller and the pawn shop as the buyer. It also helps future customers know that they are real if they find designer handbags at the pawn shop.

Most pawnshops use an authenticity tool like Entrupy. The broker will go over the process to authenticate each designer handbag.

Remember authentication has as few limitations as possible, but there is still nothing that is one hundred percent when you pawn designer handbags.

Some pawn shops have experts who have received training on the stitching quality and patterns of the designer bags, the material and hardware used in its craftsmanship, the stamping, including the size, shape, font used, and the date code examples.

When you are purchasing a designer handbag, ensure that you understand the process that the bag went through to authenticate it. This information will help you make a better decision about your purchase.

Did you know that the counterfeit industry is worth billions globally? The designer brands with the most knockoffs were Louis Vuitton, which led to apparel and luxury handbag makers investing in anti-counterfeit technologies.

With the growth of luxury resale through pawnshops and consignment stores, authentication is more important than ever when buying, selling, and pawning designer brands.

Louis Vuitton

The designer bag resale industry creates opportunities for women to find a bag they want without breaking the bank. Listed on Tradesy, a Chanel Double Flap Rare Classic Cc Gold Medium Black Alligator Skin Leather Shoulder Bag costs $45,012.80. Similar bags will sell at a fraction of the cost in a pawn shop. Pawnshops are a great place to shop for designer handbags and other designer brands because you can rest assured they authenticate, the price is affordable, and the ever-changing and broad inventory.

R&J Jewelry & Loan Logo

At our family-owned and operated pawn shop since 1978, we have built our reputation on personalized services and our extensive jewelry selection in a variety of price ranges. We strive to set ourselves apart from other pawn shops by offering real money for personal items and designer brands. Fair and reasonable offers are how we do business. You can rest assured that when you request a quote online or bring us your designer handbags, we will work with you transparently, so you understand the details of the offer we make. This goes for any of the designer brands you bring into our store.

There are pawn shops that buy purses and designer brands of merchandise, and R&J Jewelry and Loan is the place you want to be! We have brokers who are not only knowledgeable about designer handbags; they pride themselves in authenticating them correctly so that customers know what they are buying when they are buying designer handbags.

They take the time to know and understand the characteristics of designer brands.

When customers came into the store to pawn designer handbags, they invested money in their designer bags, and now the new owner can smile knowing how much was saved. They can carry it with confidence and secretively know they saved money.

Did you know that Chanel designer handbags have the signature double cc lock that first appeared in 1980? The cc lock gets its name because Coco Chanel never married.

At R&J Jewelry and Loan, the pawn shop has experts who go through authenticating each designer bag. They understand that sometimes people need a little extra money to get by, and quick cash comes from us, R&J Jewelry and Loan.

The pawnbrokers will confidentially discuss with you if you want to sell your designer handbag outright or use it to secure a short-term collateral loan for quick cash. Either way, R&J Jewelry and Loan are available to help.

If you are looking to buy a designer bag, remember that a pawn shop has to make a profit to stay in business. Loaning or purchasing something fake isn’t good business. A pawn shop would have to quickly close their doors if they didn’t have a process to make sure that those bags were genuine if someone wanted to pawn designer handbags.

Louis Vuitton

We offer pawn loans in San Jose, CA, that allow you to borrow against your luxury things and receive a low-interest cash loan with a four-month repayment plan. The best part? You’ll retain ownership of your valuables, and you won’t have to sell them. Instead, we’ll keep the item safe at our facility as collateral until the loan is repaid in full. Then, you’ll get your item back. If you have any questions about our loan process, please feel free to give us a call or stop by with your items today and let one of our brokers take a look.

Spring fever, get up and lean those closets. You find you have too many designer handbags, and it would be best if you had quick cash to purchase a new designer handbag or other desired item. You need quick cash to pay an unexpected bill.

Spring Into Action

Spring into action and get together any gold jewelry you don’t wear, designer handbags just sitting in their original wrappers, coins, Rolex, and other designer brands of luxury products and bring them into the brokers. They will go through your items and give you a quote.