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Home  Articles Antiques Old Silver Dollars; The Bright Future Of American Silver Dollars
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Old Silver Dollars; The Bright Future Of American Silver Dollars |
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Written by OscarPlanc
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Tuesday, 29 September 2009 |
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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.
by OscarPlanc
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.
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 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.
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.
Coin collecting with the Internet has never been easier. you can find everything you want, American silver eagle silver dollars, Eisenhower silver dollars and lots of uncirculated silver dollars at your own computer by just visiting some websites. What could be easier for beginning collectors or even someone with an established collection. The excitement of collecting can also bring joy with a growing investment in silver dollars.
With the rising value of all precious metals around the globe, there has seldom been a better time for investing in American silver dollars.
About the Author:
You can Receive more free information concerning collecting and investing in Old Silver Dollars. There is great satisfaction in beginning a great coin collection of American Silver Dollars, and the satisfaction isn't bad either.
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