Introducing silver dollar coins
The United States has minted dollar coins in many different materials including gold, silver and base metal. The first batch of coins minted in the United States was of silver dollar coins. The minting took place in 1794.
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.
The 1804 is one of the earliest and perhaps the most famous of US silver coins to date. One interesting thing about it is that it was actually made in 1804 although it has the date 1803 printed on it's face.
The 1804 silver dollar served an important function not only as usable currency in it's day, but the coin was also seen to have aesthetic value and this is attested to by the fact that US diplomats would often present them as gifts to rulers of various countries in Asia.
Today 1804 silver dollars are very hard to come by. In fact most estimates say there are only around twenty or so in the world. If you did by some chance happen to find one of these coins in the attic you could easily get more than two million dollars for it.
1840 saw the introduction of another set of silver coins that came to be known as the seated liberty dollar. This issue is relatively more common than its 1804 predecessor with more coins in circulation, although it st4eadily lost ground to newer coin issues with the passage of time.
During most of the 1800's the value of one dollar was greater than the cost of the silver used to mint a single coin. Once this changed however, and the value of the raw silver reached over a dollar the days of the silver dollars became numbered.
From that time onwards it became a trade coin which was used in the Orient. By the 70s the coin came back into circulation as the price of silver declined.
This unique silver trade dollar coin was actually produced in response to the trade coins of other Western powers. Foremost amongst the competitors were Great Britain, France, Mexico and Spain.
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.
The vast majority of trade dollars made their way into Asia during the initial years of their minting. They were highly successful in meeting their objectives.
In fact the trade dollar was never openly issued for circulation in the USA. However, with a fact value of $5 per coin these dollars were available for collectors or anyone else in the US wanting to buy one. - 23222
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.
The 1804 is one of the earliest and perhaps the most famous of US silver coins to date. One interesting thing about it is that it was actually made in 1804 although it has the date 1803 printed on it's face.
The 1804 silver dollar served an important function not only as usable currency in it's day, but the coin was also seen to have aesthetic value and this is attested to by the fact that US diplomats would often present them as gifts to rulers of various countries in Asia.
Today 1804 silver dollars are very hard to come by. In fact most estimates say there are only around twenty or so in the world. If you did by some chance happen to find one of these coins in the attic you could easily get more than two million dollars for it.
1840 saw the introduction of another set of silver coins that came to be known as the seated liberty dollar. This issue is relatively more common than its 1804 predecessor with more coins in circulation, although it st4eadily lost ground to newer coin issues with the passage of time.
During most of the 1800's the value of one dollar was greater than the cost of the silver used to mint a single coin. Once this changed however, and the value of the raw silver reached over a dollar the days of the silver dollars became numbered.
From that time onwards it became a trade coin which was used in the Orient. By the 70s the coin came back into circulation as the price of silver declined.
This unique silver trade dollar coin was actually produced in response to the trade coins of other Western powers. Foremost amongst the competitors were Great Britain, France, Mexico and Spain.
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.
The vast majority of trade dollars made their way into Asia during the initial years of their minting. They were highly successful in meeting their objectives.
In fact the trade dollar was never openly issued for circulation in the USA. However, with a fact value of $5 per coin these dollars were available for collectors or anyone else in the US wanting to buy one. - 23222
About the Author:
Ray Humphrey writes articles on collecting and silver coin buying. Follow the link for further information about the Liberty Silver Dollars.
posted by X - Men @ 3:46 AM
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