Posts Tagged ‘History’

The History of the Franklin Half Dollar. Learn about how this US Coin has transformed over the years and ways you can collect coins by visiting USACoinShop.com
Video Rating: 5 / 5

History Of American Gold Buffalo Coin

The history of American gold Buffalo coin went back to 1913, when the famous Buffalo Nickel was produced for the first time in history. Then Treasury Secretary Franklin MacVeagh hired Sculptor James Earle Fraser to design a new American Nickel. Produced in 1913 to 1938, Buffalo Nickel features an Indian chief on the obverse side, and a American Bison, not a Buffalo as commonly believed, standing on a mound of dirt on the other side. Soon after the Buffalo Nickel went into circulation, a problem occurred: the raised mound part wore away quickly. The design of later 1913 Buffalo Coins was modified to take off the raised mound part.

In 2005, Congress passed the Presidential Coin Act, which authorized the US Mint to issue a 1 oz 24-Karat gold Bullion coin. The legislation was quite specific, mandating the design of new .9999 fine gold coin: The coin "shall bear the original designs by James Earle Fraser, 'which appear on the 5-cent coin commonly referred to as the 'Buffalo nickel' or the '1913 Type 1'." In other words, the new coin should carry the famed 1913 Buffalo Nickels' design by Fraser.

As a result, the American gold Buffalo coin was released to the public in 2006. Unlike previous American gold coins, American gold Buffalo coin was the first 0.9999 fine gold coin released by the US Mint. The coin was an immediate success. The US Mint sold a total of 323,000 coins in only seven months. By comparison, only 201,500 1 oz Gold Eagles, the world's best selling gold bullion coins, were sold that year.

As the 2005 Presidential Coin Act mandated, the 2006 American gold Buffalo coin is almost a replica of the 1913 Buffalo Nickel.The face side of the Gold Buffalo coin features the American Indian chief and the word "Liberty." The back side design is the same American bison standing on the mound. You will also see 1oz. .9999 FINE GOLD, and IN GOD WE TRUST inscribed on each gold Buffalo coin.

The US Mint continued producing the American gold Buffalo coins in 2007 and 2008. The coins are so popular among collectors and investors that, for a time in late 2008, the US Mint had to suspend sales because they could not keep up with demand.

I recommend you checking out American Gold Buffalo Coin. It is a specialized Gold Buffalo Coin for Sale site, offering a great selection of American gold Buffalo coins, silver Buffalo and Buffalo Nickels for sale. This website makes finding your dream American Buffalo Coin a million times easier. Be sure to try this website before you buy.

Related Buffalo Nickels Articles

The History of the Barber Half Dollar. Learn about how this US Coin has transformed over the years and ways you can collect coins by visiting USACoinShop.com
Video Rating: 5 / 5

The History of Silver Dollar Values

Silver dollars, which are the first dollar coin issue, were minted since 1794. The United States of America have been minting dollar coins in gold, silver, and base metal varieties. A silver dollar values at one dollar.

The term silver dollar can be misleading. While the metal silver is used, the whole term actually generally refers to any large white metal coin, with a face value of one dollar, issued by the United States of America. Several purists have expressed their concern about and protest against the term, insisting that a dollar should not be called silver unless it really contains some, if not all, of the metal in question. Still, the term silver dollar lives on to pertain to coins with one-dollar values.

Beginning the twentieth century, dollar coins or silver dollars have found a significant decrease in popular acceptance in circulation in the United States of America. Since 1971, there have been many attempts to revive the silver dollars place as legal tender, with suggestions to phase in a coin to replace the one dollar bill, but all have proved futile. Other developed countries, on the other hand, still have denominations of like value exist only in coin. For example, there are the British 50 pence coin, the Canadian loonie and toonie, the 1 and 2 Australian dollar coins, the 50 New Taiwan dollar coin, the 1 and 2 Euro coins, and the 100 and 500 Japanese yen coin, to name a few; the silver dollar values still exist in these countries.

Before dollar coins or silver dollars were born, paper currency was first tried out by a then fledgling United States. However, this form of money did not last long and in 1776, the Continental Congress approved and carried out plans for the production of silver coins to replace the quickly failing Continental, which is what the fledgling country called its paper currency. Unfortunately, silver coins were never actually produced at the time, owing to the Revolutionary War which was taking place. Thomas Jefferson, influenced by the failure of the Continental and the overall distrust in paper currency that was widespread during the period, wrote letters indicating his desire for the United States to mint coins that have similar value with and worth to contemporary foreign coins. Indeed, such is the clamor for coins and silver dollar values.

The United States Mint, officially authorized by the Coinage Act of 1792 to produce dollar coins from silver, produced silver dollar coins from the year 1794 continuously until 1803, when the robust silver dollar production were stopped until 1836. Mint Director David Rittenhouse, distributed the first silver dollars, which were 1,758 all in all, as souvenirs to the dignitaries at that time. Today, coin collectors from around the world highly prized original silver dollars made during the said period, including the Flowing Hair (1794-1795) and the Draped Bust (1795-1804), of which there are two varieties, namely the small eagle (1795-1798) and the heraldic eagle (1798-1804). Some of these silver dollar values are extremely rare and exceptionally valuable, especially because they are the earliest examples of massively circulated coins ever struck by the United States Mint, thus bearing an incomparable mystique for serious coin collectors worldwide.

Silver Dollars - For Collectors Or History Lovers

United States silver dollars have long been prized by coin collectors, but they also have a background that's valued information for lovers of American history.

Thomas Jefferson first proposed minting a silver dollar coin in 1785 and when Treasury Secretary, Alexander Hamilton, projected a monetary system for the emerging United States of America, they began producing the coins, including the Flowing Hair silver dollar in 1794.

Silver dollars were minted in varying degrees of silver content until silver became scarce. When the incredible riches of Nevada's Comstock Lode were discovered in the late 1850s, silver prices plummeted and the Treasury Department was required by Congress to begin producing silver coins. The Trade Dollar was minted in Philadelphia, Pennsylvania specifically to improve trade with the Orient - mainly China.

The Morgan silver dollar was designed by George T. Morgan and minted from 1878 until 1904, then ceased because of the huge amount of dollars in circulation and silver bullion again became scarce. Then, in 1921, the Morgan silver dollar was minted again, but only for the year. Silver prices skyrocketed after 1921, and Morgan dollars were melted for their content of silver bullion.

Carson City Morgan dollars were discovered at the Carson City Mint where they were produced in the 1800s. They were ultimately sold by the federal government to coin collectors in the 1970s and are some of the most prized in coin collecting.

The history of silver dollars in America is fascinating and has produced a huge following of collectors.

United States silver dollars continue to be one of the most valued silver coins collectible worldwide.

Among silver dollars, Carson City Morgan dollars are most valued dollars, and here is why.

Carson City Morgans (CC Silver Dollars) demand an indomitable place in American history. After massive quantities of silver were discovered in the 1850s in Carson City, Nevada, the town built and maintained a mintage that produced what became known as the CC Morgans.

The Carson City silver dollars look the same as the Morgan dollars, with the face of Liberty and an eagle on the reverse side, but also display the double C mint mark on the reverse side. This fact makes it extremely valuable to collectors.

Millions of Carson City silver dollars were minted during certain years, but in other years only a few thousands were minted. As a result, Carson City silver dollars total less than one per cent of the total number of American silver dollars that were minted before and after them.

All Carson City Morgans are considered very collectible, but among the most valuable of these is the 1885 Morgan CC. During this year, very few of these silver dollars were minted. The Carson City mint was officially closed in 1893.

Meanwhile, the numismatic hobby was growing by leaps and bounds. Then, in the late 1930s a few coin dealers discovered that there were uncirculated Carson City silver dollars worth .00 each in Washington D.C.'s Treasury Department. Naturally, the dealers began to take advantage of the opportunity.

New interest in Carson City Morgans began in 1972 when the General Services Administration began to distribute them in mail-bids. This continued until1980, when the entire cache of CC dollars was gone.

Peace silver dollars are interesting coins with a story behind them. The coins where designed to help symbolize the longing in the nation, which was just pulling out of World War I. The war was long and the loss was great. People just wanted peace, which is why the Peace coin was popular during its early creation.

Why The Coins Were Created

While public sentiment was a strong motivating factor for the creation of the peace silver dollars, it was not the only reason they were created. In 1918, a unique law, called the Pittman Act was established. In short, the law required that the government to melt as much as 350 million silver dollars. Then, it had to be converted to bullion and sold or used to product subsidiary silver coinage. The law was aimed at helping the silver mining industry more than anything else. The Mint did melt 270 million silver dollars. Many of these were sold in bullion form to the British government which required the funds to help them to manage a crisis happening in India.

Interestingly, there was little need for the coins to be minted at all. The coins had grown out of favor in general commerce sectors. No silver dollars had been minted since 1904 because of the lack of need for them. Still, the government had to create them since the Pittman law required it.

By 1921, the cost of silver had fallen significantly and the coins, at first just the older Morgan silver dollars, began to be produced. The numbers produced were record breaking, with more than 86 million examples minted in one year.

The Creation Of The Peace

The Morgan silver dollar had been used well over the required 25 years required by law, so there was no required legislation required to replace the coin with a new design. Congress, though, showed some interest in having a new coin created that would celebrate the war efforts. To create the design of the peace silver dollars, a group of award winning medalists were called together for a competition. The winner was Anthony de Francisci whose design of Lady Liberty on the face was designed after his wife. The opposing side affected an eagle in repose looking toward the sun. The word PEACE was superimposed on a rock. It was the only coin to have that motto.

The peace silver dollars started production in December of 1921, during which just over one million coins were produced. The following year, corrections in the relief were made, and some say that the replacement of it changed the appeal of the coin. By 1928, the coin stopped in production since the requirement was reached, and with the beginning of the Depression, these coins were not needed. In 1934, the design was produced for two additional years. The peace silver dollars are collected today, but there are none that are considered a great reality, though there are few that are considered high grade pieces.

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.

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.

The history of American gold Buffalo coin went back to 1913, when the famous Buffalo Nickel was produced for the first time in history. Then Treasury Secretary Franklin MacVeagh hired Sculptor James Earle Fraser to design a new American Nickel. Produced in 1913 to 1938, Buffalo Nickel features an Indian chief on the obverse side, and a American Bison, not a Buffalo as commonly believed, standing on a mound of dirt on the other side. Soon after the Buffalo Nickel went into circulation, a problem occurred: the raised mound part wore away quickly. The design of later 1913 Buffalo Coins was modified to take off the raised mound part.

In 2005, Congress passed the Presidential $1Coin Act, which authorized the US Mint to issue a 1 oz 24-Karat gold Bullion coin. The legislation was quite specific, mandating the design of new .9999 fine gold coin: The coin "shall bear the original designs by James Earle Fraser, 'which appear on the 5-cent coin commonly referred to as the 'Buffalo nickel' or the '1913 Type 1'." In other words, the new coin should carry the famed 1913 Buffalo Nickels' design by Fraser.

As a result, the American gold Buffalo coin was released to the public in 2006. Unlike previous American gold coins, American gold Buffalo coin was the first 0.9999 fine gold coin released by the US Mint. The coin was an immediate success. The US Mint sold a total of 323,000 coins in only seven months. By comparison, only 201,500 1 oz Gold Eagles, the world's best selling gold bullion coins, were sold that year.

As the 2005 Presidential Coin Act mandated, the 2006 American gold Buffalo coin is almost a replica of the 1913 Buffalo Nickel.The face side of the Gold Buffalo coin features the American Indian chief and the word "Liberty." The back side design is the same American bison standing on the mound. You will also see $50 1oz. .9999 FINE GOLD, and IN GOD WE TRUST inscribed on each gold Buffalo coin.

The US Mint continued producing the American gold Buffalo coins in 2007 and 2008. The coins are so popular among collectors and investors that, for a time in late 2008, the US Mint had to suspend sales because they could not keep up with demand.

I recommend you checking out American Gold Buffalo Coin. It is a specialized Gold Buffalo Coin for Sale site, offering a great selection of American gold Buffalo coins, silver Buffalo and Buffalo Nickels for sale. This website makes finding your dream American Buffalo Coin a million times easier. Be sure to try this website before you buy.

Silver dollars, which are the first dollar coin issue, were minted since 1794. The United States of America have been minting dollar coins in gold, silver, and base metal varieties. A silver dollar values at one dollar.

The term silver dollar can be misleading. While the metal silver is used, the whole term actually generally refers to any large white metal coin, with a face value of one dollar, issued by the United States of America. Several purists have expressed their concern about and protest against the term, insisting that a dollar should not be called silver unless it really contains some, if not all, of the metal in question. Still, the term silver dollar lives on to pertain to coins with one-dollar values.

Beginning the twentieth century, dollar coins or silver dollars have found a significant decrease in popular acceptance in circulation in the United States of America. Since 1971, there have been many attempts to revive the silver dollars place as legal tender, with suggestions to phase in a coin to replace the one dollar bill, but all have proved futile. Other developed countries, on the other hand, still have denominations of like value exist only in coin. For example, there are the British 50 pence coin, the Canadian loonie and toonie, the 1 and 2 Australian dollar coins, the 50 New Taiwan dollar coin, the 1 and 2 Euro coins, and the 100 and 500 Japanese yen coin, to name a few; the silver dollar values still exist in these countries.

Before dollar coins or silver dollars were born, paper currency was first tried out by a then fledgling United States. However, this form of money did not last long and in 1776, the Continental Congress approved and carried out plans for the production of silver coins to replace the quickly failing Continental, which is what the fledgling country called its paper currency. Unfortunately, silver coins were never actually produced at the time, owing to the Revolutionary War which was taking place. Thomas Jefferson, influenced by the failure of the Continental and the overall distrust in paper currency that was widespread during the period, wrote letters indicating his desire for the United States to mint coins that have similar value with and worth to contemporary foreign coins. Indeed, such is the clamor for coins and silver dollar values.

The United States Mint, officially authorized by the Coinage Act of 1792 to produce dollar coins from silver, produced silver dollar coins from the year 1794 continuously until 1803, when the robust silver dollar production were stopped until 1836. Mint Director David Rittenhouse, distributed the first silver dollars, which were 1,758 all in all, as souvenirs to the dignitaries at that time. Today, coin collectors from around the world highly prized original silver dollars made during the said period, including the Flowing Hair (1794-1795) and the Draped Bust (1795-1804), of which there are two varieties, namely the small eagle (1795-1798) and the heraldic eagle (1798-1804). Some of these silver dollar values are extremely rare and exceptionally valuable, especially because they are the earliest examples of massively circulated coins ever struck by the United States Mint, thus bearing an incomparable mystique for serious coin collectors worldwide.