December 14, 2010
Old Silver Dollars; American Silver Dollars Have Never Shone Brighter.
The American silver has been the symbol of the United States since it began. They are testament to strength that has lasted over two hundred years. The American silver dollar is the cornerstone of many coin collections and collectors everywhere. Not only are they beautiful, have have a very rich historical value.
Being able to be transported has led silver to be the preferred metal for coinage. Gold is too valuable to be in large circulation and copper or brass was too common. There has always been a trade in silver coins throughout history around the world. The silver dollars we know today were originally worth their face value, one United States dollar beginning right after the revolution, in the late 1770s. These were struck from hand engraved dies giving each coin a different look. This variation in design from coin to coin makes them unique and special to collectors.
The price of silver in the early days of America started to rise higher than gold. This led to the melting of old silver dollars to trade for gold coins. The United States mint had to stop striking silver dollars until prices stabilized in 1835. Silver prices calmed and the high price of silver settled to a normal place once again. This led to re-minting of American silver dollars. The first Liberty silver dollar began to be struck around this time.
The new design was by Christian Gobrecht called the Seated Liberty silver dollar. The Liberty design was an instant hit with the American public and was soon struck on nearly every coin in the country. The seated Liberty silver dollar was in circulation until being replaced by the Morgan silver dollar in 1878. Because of the large silver strikes in the Mother Lode of the West, Morgans were soon everywhere causing the value of silver to plummet. Washington soon passed legislation, pushed by powerful silver mine owners, making it a law that every banknote in the United States had to back its face value in the form of silver. The Morgan silver dollar was therefore minted in very large numbers leading to their ease of collection in the 1900s.
The value of Morgan silver dollars have kept them the easiest silver dollar to collect. There were so many of these struck in 5 different silver dollar mints across the country that there are many variations of series and dates to collect. Beginning coin collectors will do well to start off with a good grouping of Morgan American silver dollars valued at today’s prices.
For collectors today, the Internet has made coin collecting even easier than ever. With the click of a mouse, you can find uncirculated silver dollars, American silver eagle dollars and Eisenhower silver dollar values from many dealers’ sites. You can even buy them from another collector for yourself online. It is the best way for a novice or an experienced coin collector to essence their enjoyment and satisfaction of an appreciating investment when done right.
With the change in the world’s economy and silver’s rising value, there has never been a better time to buy American silver dollars and grow your collection for fun and profit.
You can Receive additional valuable information about collecting and investing in Old Silver Dollars. There is great reward in starting a great coin collection ofAmerican Silver Dollars, and the satisfaction isn’t bad either.
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