American Silver
American Silver The American Silver Eagle Dollar Coin One of the more recent silver dollars, the American Silver Eagle dollar coin was struck for the first time in 1986. The coins contain official...
American Silver
The American Silver Eagle Dollar CoinOne of the more recent silver dollars, the American Silver Eagle dollar coin was struck for the first time in 1986. The coins contain official silver bullion. The United States Mint produced the coins for unique reasons, including a way to help fund Individual Retirement Account investments. The coin is guaranteed to have 99.9 percent pure silver, and contain one troy ounce of it. The coin is only coin to have this combination. It has a nominal face value of one dollar. Coin collectors may want to consider the American Silver Eagle dollar coin as a collectors piece, since the coins were produced with a proof version specifically for this reason. The coins have been produced at three minutes, including the Philadelphia mint, or "P" mintmark coins. The earlier coins were struck in San Francisco and have an "S" mintmark. The latest proofs come from the West Point, New York mint, and have a "W" mintmark on the reverse. The coins were designed in with the Walking Liberty design. This design was also used on the half dollar coin that was minted from 1916 through 1947. The image is considered to be an iconic American symbol and a favorite in the country. On the opposite side of the coin is a heraldic eagle, with wings spread. The Walking Liberty design was created by Adolph A Weinman while the eagle was created by John Mercanti. The American Silver Eagle dollar coin is one that many people enjoy collecting, for various reasons including the fact that it is rather valuable. There are various factors that affect the value of the coins, including the year minted. If the coin is uncirculated, that too raises the value of it, as does being a proof. Before purchasing these coins, do some research to fully understand the true value behind them. Most dates are not expensive, since there is a good supply of these coins today. Some of the coins are valued much higher, such as those from 1993, which are valued well over $100. The 1995W issue of the coin is work several thousand dollars since only a small amount were sold. The coins were minted beginning in 1986, with a bulk uncirculated at about 5,393,005 and proofs at 1,446,778. The 2008 mintage of the coins were 20,583,000 in standard circulation with an estimated 713,353 as proof. You can learn more about the exact mintage of these coins at the United States Mint. As with all types of coins, it is important to understand the full value of the coin before investing. With the American Silver Eagle dollar coin, you will find that most coins sell for about $20 to $30, but of course this changes often. If you are hoping to collect the coins, start with the oldest coins, which are traditionally more valuable since there are fewer of them. Also, consider the actual wear on the coins. Coins that have substantial wearing such as on Lady Liberty's garment or on the wings of the eagle are worth less than those in good condition are. Rachel Barr |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Popular American Silver Dollars
American Silver Dollars have been around almost since the beginning of time - or at least back to the 1700s! Each time a different coin was struck, it was usually symbolic for some part of our country or to commemorate someone or something special. Coin collectors can have a field day looking for the numerous different silver dollars that have been designed through the years. Although it would be great if we could get our hands on a collection of all the American Silver Dollars ever made but this would be very difficult if not impossible. However, knowing what some of the more popular American Silver Dollars are can give new collectors a general idea of what they can look for.
American Silver Dollar Eagle
This coin is an official silver bullion coin that has been seen throughout the United States for many years. It was first released to the public in 1986. It is a denomination of one Silver dollar and struck with 1 troy ounce, guaranteeing the coin to be .999 pure silver. The creation of this coin came from the authorization of the United States Congress. This coin has been produced in San Francisco, Philadelphia and West Point, New York. The front of this coin has Liberty walking while the back displays a huge eagle with a shield in front of it and thirteen stars above its head. The American Silver Dollar Eagle is used to fund Individual Retirement Accounts (IRA).
Morgan Silver Dollar
Few coins have been as popular and highly valued by the public and coin collectors as the Morgan Silver Dollar. From 1878 to 1904, the Morgan Silver Dollars could be seen in the hands of many. Several years went by until they resumed minting the Morgan for one year in 1921. This beautiful coin earned its name from George T. Morgan, the designer responsible for the front and back of the coin. In fact, his monogram is on the back side of the coin near Liberty's neck. Morgan silver dollars are made with 0,77344 troy ounces of silver per dollar. Although there were many Morgan silver dollars floating around, few of them were from Carson City, making them somewhat rare and very much sought after. When it comes to American Silver Dollars, the Morgan Silver Dollar still is the dollar that seems to interest the public the most.
Peace Silver Dollar
The Peace Silver Dollar is another of the popular American Silver dollars that have interested collectors and the public in general since it first was introduced in 1921. The Peace Silver Dollar took over for the Morgan Silver Dollar when its production was halted. What made this dollar special to the world was that it was a commemorative coin to celebrate the end of World War I. The designer of this coin was Anthony de Francisci. The Peace Dollar was minted from 1921 to 1928, then again in 1934 and 1935 and for a short time in 1965. The front of this coin has the bust of Lady Liberty with an eagle on the back. The words PEACE are on the bottom of the reverse of the coin.
About the Author
Rachel Barr