Why I Like american silver dollars value

Numismatists Article Of The Week

Silver Dollar

By Ken Marlborough

Silver is one of the most versatile precious metals and can be put to more than one use. It serves practical, as well as ornamental purposes. It has been used for making coins of different denominations, as it is a malleable metal. History of use of silver coins can be traced as back as the 15th century when deposits of silver in Germany and central Europe were beaten into coins. Thomas Jefferson advocated minting of silver dollars in United States. The first silver dollar was struck in the year 1794 as per his recommendation.

There are different types of Silver Dollars that come with different nomenclatures. Silver Dollars are also collectibles, and people who have a passion for collecting coins are always on the look out for rare ones. The silver dollar is a favorite with coin collectors. This dollar coin meant for general circulation has 90% silver content. It is known as the true American Silver Dollar, because those minted thereafter do not have as much silver in them. The production of the Peace Silver Dollar began between 1934 and 1935, in Philadelphia, Denver and San Francisco. Its relevance also lies in the fact that it was issued in commemoration of the end of World War I.

The Morgan silver dollar, first minted in 1878, was named after George T. Morgan, who designed it. This coin is also popular with collectors. The Morgan Silver Dollar was not as sought after as the Peace was. It was snubbed by coin collectors to the extent that many dates, including those in mint state condition could be obtained for as little as $1.00. It was after 1962, when the U.S government started selling original 1000 pieces that Morgan came to light. Its exclusivity and uniqueness led to the expansion of the collector's base of the Morgan Silver Dollars.

There are many websites that showcase silver dollars of different kinds such as the silver JFK half-dollar, the Morgan Silver Dollar, the gold plated Silver Eagle Dollar and the Peace Dollar.

About The Author

Silver provides detailed information on Silver, Silver Rings, Sterling Silver Jewelry, Colloidal Silver and more. Silver is affiliated with Sterling Silver Jewelry.

Brief Numismatists News

The Gold Panda gold coin has an annual design change that always featuring China's symbolic animal, the Pnada. The Gold Chinese Panda has long been a favorite of collectors and jewelry designers the world over. At one time this coin was minted in seven different sizes, second only to the eight sizes of the Australian Nugget. The 5- and 12-oz. sizes were discontinued over a decade ago.
Buy gold coins.

The investment potential of banknotes has been evident over the years. Some items have seen a growth in value of 10,000% since the end of the last war! American Confederate States notes, for example, could then be bought for about 25c each in the USA. Now, they are hard to find for 100 times that amount. Even the indiscriminate collector can expect profit in the long-run, for most banknotes tend to rise in value. Scarcity and demand are the chief factors that govern market values, and banknotes are only produced in limited numbers, so when production of each note ceases, the existing examples can only become increasingly scarce and therefore increasingly valuable.
Buy silver dollars mixed lots for a great investment.

Number One on my avoid list is the TV shopping show dealers and premium "Mints" out there that sell nice looking commemorative coins for premium prices, but that have no value beyond their bullion (if they have any) when you must eventually sell them. Some of these "Mints" sell on the TV and cable-based shopping channels, and the prices they charge when they do sell genuine U.S. Mint coins are nearly always several times higher than the price the coins would cost from a normal coin dealer! These shows rarely sell anything that can't be acquired elsewhere more cheaply, so don't impulse buy from these shows! Do a little research and you'll see the same Silver Eagles at $2 over spot price from major traditional coin dealers. Most of the Uncirculated Morgan Dollars I've seen TV shopping show dealers sell for $300 each can be purchased from a normal coin dealer for $30. Never buy coins from TV shopping shows!
Buy American Eagle gold coins.

On my list of "do not buy" coins is those from the Franklin Mint and other premium collectibles mints (such as the Bradford Exchange, etc.) They are aggressive marketers who do sell genuine bullion coins (sometimes) but their coins usually do not have any after-market value among coin collectors and investors. You'll typically pay $45 plus for a one ounce silver coin that is only worth the value of its silver bullion when you go to sell it. (Silver bullion is at about $19 an ounce as I write this.)
Buy gold bullion coins.

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