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A SILVER dollar from the 19th century was sold online for more than $1,200 recently.

Coin collectors will pay top dollar for certain rare, antique, and error coins.

2Fewer than 25,000 1895-S Morgan silver dollars still exist today 2The "S" above "dollar" indicates the coin was minted in San Francisco

Morgan silver dollars are among the most valuable old US coins, with some worth up to $500,000 at auction.

This recently sold coin, an 1895-S Morgan dollar, was originally listed by its seller for 99 cents.

Although the coin was not officially certified, collectors jumped on the low starting price and a week-long bidding war ensued.

Ultimately, the 1895-S coin sold for $1,209 after 17 bidders exchanged 42 offers.

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The original Morgan dollar was only minted from 1878 to 1904.

As a result, these coins have become especially popular to collect.

Morgans were minted again in 1921 - these variations sell for upwards of $100 - and also in 2021 as a non-circulating coin.

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The silver dollar gets its name from George T. Morgan, who designed the coin.

One side shows a left-facing Lady Liberty wearing what is known as a Phrygian cap, circled by stars and "E Pluribus Unum."

On the reverse side, the coin carries the image of a bald eagle with wings outstretched.

In mint condition, 1895-S Morgan dollars can sell for close to $30,000, according to USA Coin Book.

Even in poor condition, you can expect to net a few hundred dollars if you sell an 1895-S Morgan dollar.

How to find rare coins

There are many ways you can find rare coins.

The first thing you’ll want to do is check around your home or any places you might store change.

You can also try using a metal detector outdoors, or stopping by your local bank and asking for a roll of coins.

You can easily exchange bills for coins, getting plenty of change to sort through for standouts at no cost.

To check if your coins are worth anything on eBay, search the full name, select the "sold" listing and then toggle the search to "highest value”.

This way, you'll get a sense of what collectors are willing to pay for your coins.

You can either choose to sell the coin on eBay or through a specialist site such as Coinappraiser or USA Coin Book.

And be aware of potential fakes when buying online.

To avoid this, it's worth checking the seller’s history and whether or not the coin was certified in the listing.

For instance, the seller of this coin has a 99.8% positive feedback rating with 16,973 positive reviews, making it a safer bet that the coin is legit.

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In addition to antique coins, some coins minted in the last two years are worth hundreds of dollars.

And a coin expert spoke to The Sun to break down the most valuable Lincoln pennies worth up to $20,000.

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Tags: money rare coins and valuable notes see if you have one the most valuable morgan dollar find rare coins check if you the coin pay for your worth up

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Gold edges higher, silver down

The May gold contract on the New York Mercantile Exchange closed today at $1,841.80 an ounce, up 60 cents.

The current silver contract on the “NYMEX” closed at $21.67 an ounce, down 23 cents.

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