American silver dollars have symbolised the United States’ wealth and power. For over two hundred years these large coins have meant financial strength and might. They have been collected by novice coin collectors as well as experienced collectors. They have a lasting beauty and a monetary worth besides.
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.
As the years passed, prices of silver climbed and far outpaced the value of gold. American silver dollars were being refined and melted to exchange for gold. This forced the American mint to stop striking silver dollars until things turned around in 1835. The silver exchange eventually settled down and silver priced dropped. There was a renewed call for the silver dollar. This brought the advent of the Liberty silver dollars.
The first design was the seated Liberty, designed by Christian Gobrecht. The design for the seated Liberty silver dollars was so popular that it was used on nearly all of America’s silver coins of that era. This favorite design lasted until it was replaced in 1878 by the now famous Morgan silver dollar. These coins took advantage of the large silver strikes in the American west and soon the country was glutted with silver, driving it’s value down. This caused the mine owners to lobby Washington to make it mandatory for the U S Mint to back each bank note with a silver dollar to insure its worth. That is why there were so many American silver dollars in circulation in the middle of 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 rising value of all precious metals around the globe, there has seldom been a better time for investing in American silver dollars.
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