Silver dollars are a great investment
The history of silver coin making in the US is a long and interesting one. Ever since 1794 when the government issued silver dollars for the first time, people have been keen on collecting these coins both for investment and personal purposes.
despite what the name indicates, Silver dollars do not actually have to be dollars. This is simply a term that somehow stuck and is used to refer to all coins made from silver in the USA.
The purists however argue that for a dollar coin to be categorized as a silver dollar coin it must have some amount of the metal. This is both the most popular yet the rarest of all silver dollar coins to be found in the US.
One of the most sought after silver dollar coins amongst collectors is the 1804 silver dollar. In actual fact this coin has the date 1803 printed on it due to a mishap although the date of their first issue was definitely 1804.
Due to its initial popularity the 1804 silver dollar remained in circulation for many years and was actually reproduced some 30 years later. At this time the US had just begun its ascendancy as an international player with diplomatic relations with other countries all over the world. This coin was often given as an official gift to visiting dignitaries.
If you are hoping to get your hands on one of these coins today, you had better be prepared to pay for it. The last one that went up for sale a few years ago fetched more than three million dollars.
The seated liberty dollar was first minted in 1840. Although initially quite popular it was gradually replaced by more recent issues that came several years later.
Its important to remember that at this time one dollar was a lot of money and the silver used to make the actual coin cost less than one dollar. Sooner or later however all this changed and it got to the point where the silver content was actually worth more than the coin itself.
For a period of time silver dollars became a popular medium of exchange in the far east until a brief spell in the 1870's when the prices of silver dropped again that the silver dollar came back into domestic use.
The trade dollar first came into appearance in the Us at a time when the major European powers were also circulating their own silver coins. Spain, France and Britain were all minting their own silver coins at this time.
The Trade Dollar was far more valuable than the average dollar coin. This is because it was made using a higher silver content. This was purposely done in order to bring it at par with the global standard.
Most of the trade dollars issued ended up in Asia due to the growing international trade with those countries at that time. Al in all the trade dollar had a good reputation and was internationally accepted as a trustworthy medium of exchange.
These dollar coins were never circulated inside the United States. However they did have a face value of $5 in the market. - 23218
despite what the name indicates, Silver dollars do not actually have to be dollars. This is simply a term that somehow stuck and is used to refer to all coins made from silver in the USA.
The purists however argue that for a dollar coin to be categorized as a silver dollar coin it must have some amount of the metal. This is both the most popular yet the rarest of all silver dollar coins to be found in the US.
One of the most sought after silver dollar coins amongst collectors is the 1804 silver dollar. In actual fact this coin has the date 1803 printed on it due to a mishap although the date of their first issue was definitely 1804.
Due to its initial popularity the 1804 silver dollar remained in circulation for many years and was actually reproduced some 30 years later. At this time the US had just begun its ascendancy as an international player with diplomatic relations with other countries all over the world. This coin was often given as an official gift to visiting dignitaries.
If you are hoping to get your hands on one of these coins today, you had better be prepared to pay for it. The last one that went up for sale a few years ago fetched more than three million dollars.
The seated liberty dollar was first minted in 1840. Although initially quite popular it was gradually replaced by more recent issues that came several years later.
Its important to remember that at this time one dollar was a lot of money and the silver used to make the actual coin cost less than one dollar. Sooner or later however all this changed and it got to the point where the silver content was actually worth more than the coin itself.
For a period of time silver dollars became a popular medium of exchange in the far east until a brief spell in the 1870's when the prices of silver dropped again that the silver dollar came back into domestic use.
The trade dollar first came into appearance in the Us at a time when the major European powers were also circulating their own silver coins. Spain, France and Britain were all minting their own silver coins at this time.
The Trade Dollar was far more valuable than the average dollar coin. This is because it was made using a higher silver content. This was purposely done in order to bring it at par with the global standard.
Most of the trade dollars issued ended up in Asia due to the growing international trade with those countries at that time. Al in all the trade dollar had a good reputation and was internationally accepted as a trustworthy medium of exchange.
These dollar coins were never circulated inside the United States. However they did have a face value of $5 in the market. - 23218
About the Author:
Ray Humphreys writes about purchasing and collecting silver coins. If you want more facts go to his page on US silver dollar.
posted by X - Men @ 2:21 AM
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