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.

Pre-1965 Silver Coins

1965 marks an important point in coinage history: it’s the time when silver coins that were made primarily with silver ceased to be minted; they were either replaced by coins made primarily from nickel or the amount of silver was reduced for a few more years and then the coins were made from different and more common minerals. The main reason for this is simple: the amount of silver in the coins became more valuable than the coins themselves, thus making them too expensive to mint as they were.

For investors and collectors, pre-1965 coins are special because no matter what coin they are, they will be silver coins (at least 90% silver). After 1965, the content of silver in the coin will depend on the coin itself and where it came from (some countries abandoned silver before others). But why would investors and collectors even care about coins that aren’t all that old and really aren’t worth all that much?

Known as ‘junk silver coins’, these pre-1965 silver coins are sold by the bag and they can sell at below spot price, (if you buy plenty of it and even if you don’t, the premiums are incredibly low), meaning that you can collect them for less money and sell them for more money if you find that you have a rare coin in the mix or you just find a coin someone else wants. Furthermore, your bag of junk silver is cheap to purchase (between $100 and $1000) and then you can sort through the silver and use it as a vehicle for investment and sell them when the prices go up again.

Junk silver refers to any coin which is government issued and contains any amount of silver. It has little or no numismatic or collectible value beyond the value of the metal found in the coins. They’re not literally junk of course and if you collect enough of them, you can build up quite a nest egg for yourself.

If you’re going to purchase junk silver coins by the lot, it’s important to know where to get your stash.

Wholesalecoinandmore offers the Best 90% Silver Pre 1965 US Coin Lot 8oz
Each Lot from Wholesalecoinandmore.com Includes:

 •One Pre-1904 Morgan Silver Dollar over 100 Years old!(collectable grade) Guaranteed in each one
•A Full Half Pound (8 ounces) of Unsearched 90% Silver Coins
•Each Lot will have $9.00 Face Value of old 90% US Silver Coins

Coins that May Be in your Unsearched Silver Lot from Wholesalecoinandmore:

Morgans, Peace Dollars, Trade Dollars, Walking Dollars, Franklins halves, Walking halves, Barbers, Walking Liberty, Standing Liberty Quarters, Pre-1964 Kennedy Halves, Washington and Barber Quarters,  Roosevelt, Barber and Mercury Dimes  Many of these are in AU and BU condition and many key dates some with mint marks in these silver lots.

What is not in our lots:

Filler, Cents, Nickels and Junk

In Conclusion:

Pre-1965 silver coins may have the moniker of being ‘junk silver’, but there’s nothing actually junky about them. Instead, you can get a wide range of silver coins that are worth their weight in gold for prices that are often far less than what you would pay for things like the Silver Eagles. If you’re just getting into silver investing or you want to round out a collection, take a look at these bags of silver coins. Who knows what treasures you may find?

Purchasing Silver Bullion for Investing

As a silver coin bullion investor your goal is to purchase coins which are easy to sell when the time comes to do it. This means opting ones which have the following characteristics:

•    Are marked with their silver fineness
•    Are backed by a major government or a reputable mint

The most common ones are the American Silver Eagles and the Silver Maple Leaves, but many countries have their own silver versions that are great for investing. They tend to sell well above spot price both online and in shops and though they are a bit standardized, they are still very attractive to hold on to.

There are a few places to purchase silver coins. Brand new investors would be well advised to go through an established retail coin shop or online coin dealer because they can be more certain that their coins are legitimate and a reputable silver dealer won’t try to cheat you. Shopping online at our wholesalecoinandmore.com, you get the best of both. In business since 1975, we operate both a retail store and an online website which makes it easy to compare prices so you know you are getting a deal and we even offer free shipping!

As for when it’s right to buy silver, well there is no bad time. You can buy silver whenever you want to and there’s little purpose in waiting since price fluctuations are rarely very dramatic. You can also start small and work your way to a larger collection with greater ease if you start right away.

The Major Difference from Gold
Silver is often called gold’s ‘little brother’, but this one major difference between the two: supply. Silver tends to get thrown out, not recycled, so the supply is actually dwindling while the demand is slowly increasing due to technological needs. Gold on the other hand is overwhelmingly recycled so there is a constant supply.  Gold may be more valuable, but silver will start increasing in price over the long haul because of the reduced supply.

Silver coins are great for investors who are just starting out or experienced investors who want something a little more affordable with which to hedge their portfolio. The prices tend to stay at a good level due to demand and they sell well above spot price online and off. Furthermore, even the most standard sorts of silver bullion are still pretty attractive and nice to hold on to while you have them. You may not get rich from your silver collection, but you also won’t have to worry about all of your wealth being ruined by a change in the stock market.

If you are interested in silver coins, take a look around our site and see what we offer.