Old Silver Dollars; American Silver Dollars Have Never Shone Brighter.
March 5, 2010 by Oscar Planc
Filed under Uncategorized
Since the first days of America, the silver coin of choice has been the dollar. They have symbolized the lasting strength of the United States for over 200 years. American silver dollars are still sought by new and veteran coin collectors of all ages. They are not only beautiful works of art, they have a rich history being struck in silver dollar mints across the country.
From the beginning of the modern age, silver has become one of the major metals for world trade. Gold coins are very precious and brass or copper not valuable enough. Silver has the perfect balance of rareness and worth to make it the coin of trade around the world. The United States has always minted silver dollars since the end of the American revolution. The first old silver dollars were nearly ninety percent silver and were pressed from hand made dies giving them a hand made look that is loved by 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.
Christian Gobrecht designed the first seated Liberty silver dollar. This design proved to be so popular with all Americans that it soon appeared on almost all coins of that day. Seated Liberty silver dollars were replaced in 1878 by the Morgan silver dollar. Morgans were struck at such a high number, thanks to the silver strikes in the West, that there was soon a glut of silver and silver dollars, driving their value lower. The owners of the silver mines lobbied Washington to require every banknote in the country to be backed by silver to protect its worth. This led to the huge number of Morgan silver dollars circulating during the mid 1900s.
Morgan silver dollars are the easiest and most satisfying coin to collect. These big coins were struck for so long at five different U.S. mints, giving them many variants of date and series. They are easily the best way for a beginning collector to start.
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 more valuable information about collecting and investing in Old Silver Dollars. There is great reward in beginning a great coin collection ofAmerican Silver Dollars, and the money isn't bad either.
Tags: american silver dollars, american silver eagle dollars, Antiques, coins, collecting, eisenhower silver dollars, family, Hobbies, home, morgan silver dollars, old silver dollars, silver