Archive for the ‘Silver’ Category

What is the silver dollar coin value?

This is a question that has many answers as it depends on a lot of things. Some of these things are the price of silver, what kind of coin it is, supply and demand, and many other factors.

The Price of Silver

Silver is generally priced by current market value, other wise known as melt value. This is the value of any silver that is melted down and sold by weight in the open market at whatever the prevailing price happens to be. As of the time of this writing, the current price of silver is approaching $18/oz.

Silver Bullion

Silver comes in many forms. They are most widely known in the form of coins, such as American Silver Eagles, which contain 1 oz of pure 99.99% silver. There are also ingots, bars, and rather large ones at that. Also, there is silver ore in its purest form which is mined and then melted down before being shaped into the well-known forms.

Supply and Demand

Silver has been mined for a long time and was once used as money. This caused demand to be higher. As silver was taken out of the money supply, the demand naturally decreased. At the same time, more industrial uses for the metal were discovered and are still being discovered today. It has found its way into medical uses as well as the auto industry. There is some debate about how much mineable silver reserves there is left in the world. Some believe there is little and some believe there is lots.

This is the most basic driver of the silver dollar coin value as its value will always increase when it is perceived to be less of it available. In such a case, people start to want more of it, hoard it, and save it for a rainy day since it can still be used as money by trading it in for dollars.

Beginning in 1792 the United States was allowed to produce silver dollars for use as legal tender. When the paper dollar came into existence some years later the use of dollar coins became obsolete with periods when the US mint didn\'t even strike any coins larger than the half dollar. In the 21st century dollar coins are a rare sight though they are not obsolete, especially in light of the late 199s introduction of the gold dollar piece. It was a definite improvement over earlier issues because it was easy to differentiate the dollar from the half dollar or quarter because of the color. Earlier the silver dollar had been reduced in size and in its silver color was almost indistinguishable from either the quarter or half dollar. This left retailers with the problem of having to look at any silver coin in denominations higher than the dime to make sure they were giving correct change.

Although it has not remained in constant circulation, there have been some new issues of the silver dollar from the Mint. This may be an effort to rejuvenate its use or just to provide collectors with another coin to add to their growing collections. There have been various occasions when the silver dollar has been produced such as the Susan B Anthony dollar as an expression of a woman\'s right to participate in the running of the government. These special occasions make the value of that particular silver dollar from the mint more valuable for the collector. It will not increase the face value nor will it be worth anything to collectors while it is still in circulation.

One thing a collector must keep in mind is that the circulation of a silver dollar from the Mint may have a widespread or limited circulation. Since these factors are not generally public knowledge at the time of issue, you may want to save any new coins in case they become collector\'s editions later. When any coin is still in widespread circulation whether it is still being minted or not it will have no value beyond that on its face. After the coins have limited circulation because they are no longer in widespread circulation they will begin to gain value for the investor and collector.

One problem with the silver dollar is its additional cost compared to the Federal Reserve Note and the public\'s dislike of so many coins. It has dwindled in popularity even though other countries use coins equivalent to the U.S. dollar. For instance, Great Britain\'s one pond denomination is a coin-the lowest note available for widespread use is the five pound note. The minimal production of the silver dollar make any new issues more valuable to collectors because they know eventually those coins will be removed from circulation. Each new issue from the Mint means a potential new coin for a collector although it will take some years for any new silver dollar from the Mint to be worth the same as those old, rare coins from centuries ago.

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TORONTO----U.S. Silver Corporation is pleased to announce first quarter, 2010 financial results in U.S. dollars. Cash Flow from Operating Activities increased nearly $ 4.0 million Positive Net Income continues at approximately $ 0.5 million Silver production for the quarter was second highest ever

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The silver dollar is a coin worth one dollar in United States currency. Dollar coins have been minted various times beginning in 1794. In the past, it has been minted in gold, silver, and base metals. Silver coins were the first dollar coins every minted. The term is actually used to refer to a number of different coins, whether or not they are made from silver. Any white metal coin worth one dollar is commonly referred to as a silver dollar in the United States.

The first coins to be minted in this coinage were done after the passage of the Coinage Act of 1792. The act authorized their production. The United States Mint began to produce these coins and did so from 1794 through 1803. They were not produced again until 1836. The original coinage was only of 1758 of them. They were dated October 15th, 1794. These first coins were not placed into circulation but rather were given to foreign and national dignitaries as souvenirs.

There were several designs used in these early coins:

• The Flowing Hair coin was minted from 1794 through 1795• The Draped Bust coin was minted from 1795 through 1804. Notably, there are two reverse designs of this coin, one from 1795 to 1798 and the other from 1798 to 1804.

If you are lucky enough to have one of these early American silver dollars, consider yourself in possession of some of the finest available. Some of them are considered considerably rare.

Things changed when the 1804 silver dollar was produced. It is the rarest coin and one of the most notable to coin collectors around the world. These coins are considered to be minted mistakenly and although they were struck in 1804, they were dated for 1803. The 1804 coin was actually minted in 1834, as a way of creating gifts for Asian leaders. There were only 15 coins minted with that date on them. One of these that sold in 1999 sold for more than four million dollars.

The Seated Liberty dollar was the next coin to be minted in dollar denominations. It was produced from 1836 through 1873. These coins were used fairly well in general circulation. By 1853, though, the value of silver was more than the actual face value of the coin. It was minted for the following years but mainly because there was a need for it to facilitate trade in the Orient. In 1870, the value of silver fell again, and the coins were once again produced for general circulation.

Those who may collect silver dollars should learn the age of the coins. In the early years, silver was valuable. More so, one dollar could be used to purchase a great deal of product and therefore the coins were often considered too highly valued to be in regular use. Still, as history shows us later on, even as inflation occurred, Americans have never really hung onto the silver dollars as well as other coins and paper currency.

The silver dollar coins were actually minted originally in the nineteenth century and since then they have been extensively collected around the world. Among the most well known coins are the Carson City mint’s 1878 Morgan silver dollar, the 2000 Silver American Eagle and even the famous and rare uncirculated Silver Eagle (1996).

It may strike you as for what are these coins so popular. The coin value is very high and that increases the popularity. Due to the high values, more and more people tend to purchase them. However, the high value of these coins is not limited to the circles of the collectors.

The silver dollar coins are extremely popular as a mode of investment. Many of the investors of the stock market are slowly turning their investments on the coins as they are observing the increase of the coin value. Even if that is shocking, it is very much true that the investors are getting interested in these coins.

When it comes to investment, one of the prime reasons for the investors investing in the silver dollar coins is the scope of the hedge investments. The hedges are actually components of the investment portfolio which are designed so as to offset the losses.

As the instability of the global stock market is on the high, investing in the stock market involves quite some risk. Even real estate business used to draw a lot of investors in the past. But with the housing crisis all around, the real estate business too is no longer a profitable area for investing.

Hence many people are moving on to the precious metal market and investing on the coins. But, then again, there are many investors who invest on gold instead of it. Yet, silver is a very safe area for investing.

As compared to the paper money, the value of the precious metals like silver increases with time. Hence instead of saving the paper money, more and more people are going for investing on the silver dollars coins as the values are not only affordable for investment but it's value increases more with time.

Moreover, in addition to the investment factor, the coins are extremely preferable as collectibles. Since the silver dollar coins come in different historic moulds, they become some of the nicest collection.

So when one is thinking about investment and collectible at the same time and want some of the most cherished silver pieces of history, the silver dollar coins are some of the best choices.

There are various factors that affect silver coins worth. If you are just starting out, you may have a collection you are happy with and would like to collect more. But, before you do, find out the true value of these coins. You should always have an understanding of the true worth before you invest in them.

What Are They?

The first step when you are just starting out is to know what coins are out there. Take a look at some of the coins, or the most recognizable types of silver dollars.

• The Susan B Anthony Dollars: These are some of the most popular coins mainly because they are some of the most recent. They were minted from 1979 through 1981 and then shortly in 1999.

• The Eisenhower Silver Dollars: These coins were minted from 1971 through 1978.

• The Peace Silver Dollars: These coins were minted right after World War I, when the country was looking for a symbol of new years of peace, after four long years of world war. They were minted from 1921 through 1955. There were times when they were not minted, such as during the Great Depression.

• The Morgan Silver Dollar: Some of the more interesting of coins, due to their history. These coins were minted not for demand but rather to keep the silver industry viable. The coins were minted from 1878 through 1904. Then, they were minted again in 1921. The 1921 versions have a silver dollars worth rather low since they are still rather easy to find.

• The Seated Liberty Silver Dollar: These coins were minted from 1840 through 1873.

• The Flowing Hair Silver Dollars: These were the first coins to be minted in silver worth one dollar. They were minted from 1794 to 1795. They are some of the rarest.

Besides the minting of the coins, what else is there that would determine the silver dollars worth? There are several things. The rarity of the coin is often the biggest factor. Those coins that are harder to find are more valuable since collectors often fight over whatever is found to complete their collections. The rarest of coins is the 1804 silver dollar, probably followed by the 1794 silver dollars.

Besides rarity, those coins which did not see a lot of circulation, there are several other factors that play a role in these coin\'s history. For example, the individual condition of the coins also plays a role in their value. Those points of the coin that are more "raised" than others are often worn down over time. Also, in some of the mintage of these coins there are errors. For example, some of the earliest of these coins feature a mistake with eight feathers, rather than seven, being seen on the eagle.

The silver dollars worth can be determined in various ways, including by simply comparing options of coins similar for sale online. Still, it is best to have each coin inspected to determine the silver dollars worth for sale or for insurance purposes.

Most people are familiar with the term silver dollar and know that the term is used to identify any large white metal coin that is minted in the United States whose face value is equivalent to one dollar. Although the coin may not necessarily contain silver some people are of the belief it is not truly a silver dollar unless it contains at least some of the silver metal rather than its only resemblance to silver being that of its color. You will also find some gold and multi-colored dollar coins made in the United States though some are referred to as golden because they do not contain gold but are simply gold in color.

Dollar coins lost popularity after the beginning of the 20th century in spite of the widespread use of coins in similar denominations in other developed countries. Since 1971 there have been several efforts to replace or at least subsidize the paper dollar with a metal coin. This is contradictory to other countries where coins are very common such as in Great Britain where the one pound coin is more common than the one pound note. The coins are still in circulation in other countries because their perspective governments have removed the paper equivalents from circulation while the United States government has made no such effort.

It was common before the Revolutionary War for to use old silver dollar coins from many different European nations to circulate throughout all of the American colonies alongside coins issued by the colonies themselves. One of the most common European coins in circulation were the Spanish old silver dollar coins that were minted in not only Mexico but other colonies using silver that had been mined in Central and South America. These coins and others that were approximately the same size and denominations were used as legal tender in the colonies and the United States until 1857.

The Colnage Act of 1792 allowed the United States Mint to begin producing old silver dollar coins. They continued the production from 1794 to 1803 when production ceased until 1836. The first minting of the old silver dollar was on October 15, 1794 was not for widespread distribution but to provide a silver dollar to a dignitary to take home as a souvenir. Two of the most common designs from the period are those of the Flowing Hair (1794-7195) and Draped Bus (1795-1804). The Draped bus has two designs that were used on the reverse side: small eagle (1795-1798) and the heraldic eagle (1798-1804). Silver dollars minted during this period are in great demand by collectors and thus are quite valuable. These silver dollars may be quite rare or they may be more common. As with anything, however, the value is in the eyes of the collector whether the silver dollar is rare or more common. The more interested collectors are in a particular old silver dollar the more valuable it will be on the market. Just like supply and demand in any market the desire pushes the price higher.

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The silver dollar collection you are considering should be one filled with interesting stories and history. The United States Mint has been producing these coins since 1794, but for some reason, many versions of the coins never really took hold. Although single dollar coins have been popular in other cultures, in the United States, they were often put on the backburner or no longer produced at all since there was such a lack of interest in using them for many years.

Those who like to collect the silver dollar will find that over their lifetime, dollar coins have been minted in various materials, including gold, silver, nickel, copper, brass, manganese and zinc. Of all of these types, most people who have a silver dollar collection, usually because they have the more interesting history behind them. The composition of these silver coins is 90 percent silver and 10 percent copper. Silver on its own is simply too weak to hold up to the rigors of everyday use. The actual silver weight of the coins is .7736 troy ounces. In the Trade Dollar, there was an increase in the amount of silver put into the coins. This was done to up the value higher so the coin could be used in foreign markets. Those particular coins were not meant to be circulated in the United States. The last silver dollar coins to be minted for circulation were in 1970 and these had only 40 percent silver with 60 percent copper nickel.

Those who start a silver dollar collection should know a bit about the history of these coins. First, when the coins were first minted in 1794, the value of one dollar was significant. It could buy you a great deal during that time. More so, silver was just as valuable as gold was during that time. The first coins to be minted were very limited since finding silver to use was difficult to do.

What is more interesting about a silver dollar collection is that they were not often used in general circulation for one reason or another. In some cases, the value of a dollar was simply too high. In other situations, the value of silver rose so high that it was too difficult to mint them. In other cases, they just did not do well in general circulation. In the 1870\'s they were legislated out of production, in fact, because of their lack of need. No one missed them, except for the silver industry. The silver industry worked hard to get these coins minted again and in 1878 they were started again, and minted through 1804. They broke at that point from minting for general circulation until 1836.

If you are planning to start a silver dollar collection, do spend some time considering older pieces where are considered more valuable, especially those coins minted in 1794. The 1804 silver dollar is also one of the most valuable coins due to its very limited production. Any of these coins can be part of your collection.

A spoof/parody of the Mastercard Priceless commercials featuring Silver Dollar City. DISCLAIMER: All footage was shot & edited by me (an amateur). I am in no way associated with Mastercard nor Herschend Family Entertainment. Just a fan having fun. UPDATE: Wow. I never thought this video would garner the attention it has. I was quite honored when Conductor Sam linked to this on the SDC blog. I couldn't believe it when I saw it! And this has been posted in a couple other places, too; I'm flattered that people would do so. I do want to make it clear, however, that I am not an employee of SDC nor Herschend Family Entertainment in general. I'm just a regular person who's been visiting the park for some 14 years, and it's become to me what Disneyland is to other people. I DO have a dream of someday becoming an SDC Citizen, though. I'd love to work there.