US Silver Dollars
Morgan Dollars (1878-1921)
It is generally agreed that the Morgan Dollar is the most popular coin to collect and sell among those that have been produced by United States Mint. The Morgan Dollar was produced from 1878 – 1904 and then again in 1921. It was given the name of its engraver, T. Morgan (1845-1925), who was born in Great Britain.
Peace Dollars (1921-1935)
The First World War has ended, but its memories are still vivid in people’s minds, but there are still seven years left until the start of the Great Depression. The United States of America is now experiencing an economic expansion and is in desperate need of silver coins to replace the Morgan dollars that were destroyed as a result of the Pittman Act.
American Silver Eagle (1986-Date)
American Silver Eagles are the nation’s official silver bullion coins. The US Mint launched it in 1986 after the 1985 Liberty Coin Act. The one-troy-ounce coin has a $1 face value and contains 99.9% pure silver. The U.S. Mint certifies its composition, weight, and purity, and the government backs its worth.
Silver dollars are legal tender in the United States with a face value of one dollar but contain at least ninety percent silver. Today’s silver dollars, which are produced and distributed for collectors in some of the most popular numismatic series, are accessible with proof as well as uncirculated finishes. They feature some of the nation’s most revered symbols and also tributes to people, organizations, and events that played a significant role in the development of American history.
When our nation was just beginning, silver dollars were among the first coins to be issued for circulation. They have since undergone numerous redesigns & issuances, including images inspired by designs on other U.S. silver coins, such as the silver half dollar. The Flowing Hair, Draped Bust, as well as the Seated Liberty motifs are all found on silver half dollars. The U. S. silver dollar has a variety of unusual designs, including the early Gobrecht, the Morgan, the peace, and also Susan B. Anthony silver dollars.
Silver Dollars Variations
Flowing silver dollar 1794-1795
The 1794 Flowing silver dollar has been one of the earliest U.S. coins. During this time, only silver dollars and half dollars were regularly minted. Only 1,758 Flowing Hair silver dollars featured Liberty with loose hair. Low silver ore availability limited early coinage.
Draped Bust silver dollar 1795-1804
The 1794 Draped Bust silver dollar varied in two ways. The design featured a curlier, more shapely Liberty and a larger eagle from 1798-1804.
Silver Gobrechts 1836-1839
Silver Gobrechts After a break, silver dollar production resumed. Christian Gobrecht designed the coins, which feature an eagle with the arrow in its talons on the reverse.
Seated Liberty silver dollar 1840-1873
Seated Liberty silver dollar utilized Gobrecht’s design and were the first to have “IN GOD WE TRUST”
George T. Morgan 1878-1921
George T. Morgan, worked at the Royal Mint, developed these silver dollars. Morgan and William Barber designed new silver dollars. Morgan’s winning design was based on his friend & schoolteacher Anna Willess Williams.
Peace dollars 1921-1935
1921-1935 silver dollars are called Peace dollars. Anthony de Francisci’s obverse artwork won a competition. The back of De Francisi’s silver dollar depicted an American eagle perched over the phrase “PEACE.”
Eisenhower silver dollars 1971-1978
Eisenhower silver dollars were the last in circulation. Eisenhower silver dollar commemorated both World War II hero as well as the Apollo 11 Moon landing on its obverse. Eisenhower was the first clad coin.
Susan B. Anthony 1979-1999
Eisenhower was replaced by Susan B. Anthony. Chief Frank Gasparro produced the coin with help from her family. Susan B. Anthony silver dollars have 11-sided inner borders. The coin would be the first to feature a woman.
Value of US Silver Dollars
The fine silver content of a silver dollar is multiplied by current spot price of silver in order to determine its worth. The silver content of a silver dollar is 0.7735 troy ounces.
Some Dollars, on the other hand, will fetch far higher prices on the secondary market than others because they are such a well-known currency. Semi-numismatic coins include Silver Dollars. Coin collectors and silver bullion investors alike are drawn to these coins because of their rarity, as well as the year or place in which they have been made. This means that some extremely rare coins are likely to be overpriced based on the coin’s fine silver content, resulting in inflated prices.
Because collectors enjoy the coin’s value, silver bullion investors who invest in silver coins at a greater premium risk losing money on the coins if they can’t sell them for the same or higher premium to other collector who values them. The upside of taking risk is that as a coin’s scarcity increases over time, its value as a collectible could skyrocket.
Should I invest in US silver dollars
To put it simply: Silver dollar is a commodity, that means that it tends to move in the reverse direction of bond and stock prices. Whenever the stock market or economy are in a slump, many investors resort to silver dollar as well as other metals as safe havens. If you’re looking to diversify your portfolio, silver could be an excellent option.
Additionally, silver dollars provides as a form of inflation protection. As a physical commodity, it has intrinsic value that dollars as well as other currencies lack. If interest rates are low, silver also performs well as a long-term investment.
Where to sell your US silver Dollars
Are you interested in selling Silver Dollars? The biggest money can be made from selling your coins to Gold Buyers USA. We are interested in buying Silver Dollars in whatsoever condition. You may require our assistance in order to sell the Silver Dollars for the highest price.