Why Silver Dollars Are So Collectible

Silver dollars are some of the most highly collected coins by professional and amateur collectors alike. The reason that these coins are so popular is because they are valuable, they were made throughout several different periods of American history and are therefore unique; and also because they are, essentially, very beautiful. There are several different designs to choose from, each of which has its own history and unique qualities.

The first silver dollar was minted in 1794, at a time when the amount of metal in a coin was directly related to its worth. At that time, a silver dollar contained enough silver to make up a full dollar. Silver was very scarce during that period and silver dollars were minted on and off in the successive years, with several breaks in production and many different designs created.

Because there are many different designs and many different time periods during which these coins were printed, it’s easy to understand why the general populace has an interest in them. In short, many of these designs are beautiful and unique, making them the ideal basis for a new coin collection or a stunning addition to an existing one.

Morgan Dollars, which were produced between 1878 and 1921, are one of the most popular designs for collectors. These are good beginner coins, as they can be acquired for a nominal cost. Reputable coin dealers are a good source of information regarding the different collections of silver dollars. Value varies depending upon the date that it was produced, the mint that produced it, and how many others exactly were created in that series.

Coin collecting can be a fun and sometimes profitable undertaking. As the value of silver has fluctuated depending on the amount available, the US has produced many different types of coins with different percentages of silver mixed with other metals. This was necessary to maintain the rule that the value of the metal involved in making the coin remains no more expensive than the coin itself was worth at the time of mint.

Purchasing silver coins can be a reliable way of investing; assuming the value of silver will go up in the next few years. Whether you are collecting for aesthetic or financial reasons, silver dollars are a great place to start. With many different designs and types to collect, they are guaranteed to prove an interesting and beautiful collection. Whether you are looking to collect coins on a budget or have money to invest, you will be able to find a type of silver dollar to add to your collection.