US silver dollar coins
The history of silver coin making in the US is a long and interesting one. Ever since 1794 when the government issued silver dollars for the first time, people have been keen on collecting these coins both for investment and personal purposes.
The term silver dollar is a general name given to any coin made from silver that is minted in the US. In actual fact the face value of the coin does not have to be one dollar.
Conversely, there are some people who hold firm to the idea that only those coins minted with a face value of one dollar can be termed as silver dollars, even though in actual fact those coins are worth a lot more than that in modern times.
The 1804 coin was actually a result of a book keeping error but over the years it has established quite a reputation. The 1804 silver dollar coin is now the undisputed king of all silver dollar coins from the US. This coin was actually struck in 1804 but bears the date of 1803.
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.
If you are hoping to get your hands on one of these coins today, you had better be prepared to pay for it. The last one that went up for sale a few years ago fetched more than three million dollars.
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.
The dollar came into circulation during a brief period of its life until the value of silver actually became worth more than the face value of the coin.
The silver dollar was the preferred currency with many merchants in Asia where it stayed on in use while it's popularity in the Us dwindled. This changed in the 1870's when due to a fall in silver prices the silver dollar came back into use in the US again.
The silver trade dollar was a popular currency when most of the major powers in the world were relying on the minting and issuance of silver coins to fund their empires activities. Britain, Spain and France all minted their own silver coins.
The Us silver dollar trade coin was minted with a higher and more pure content of silver than previous coins. This is because it came into being when silver coins were the primary medium of international exchange and there was a great deal of competition in this regard.
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.
These dollar coins were never circulated inside the United States. However they did have a face value of $5 in the market. - 23204
The term silver dollar is a general name given to any coin made from silver that is minted in the US. In actual fact the face value of the coin does not have to be one dollar.
Conversely, there are some people who hold firm to the idea that only those coins minted with a face value of one dollar can be termed as silver dollars, even though in actual fact those coins are worth a lot more than that in modern times.
The 1804 coin was actually a result of a book keeping error but over the years it has established quite a reputation. The 1804 silver dollar coin is now the undisputed king of all silver dollar coins from the US. This coin was actually struck in 1804 but bears the date of 1803.
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.
If you are hoping to get your hands on one of these coins today, you had better be prepared to pay for it. The last one that went up for sale a few years ago fetched more than three million dollars.
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.
The dollar came into circulation during a brief period of its life until the value of silver actually became worth more than the face value of the coin.
The silver dollar was the preferred currency with many merchants in Asia where it stayed on in use while it's popularity in the Us dwindled. This changed in the 1870's when due to a fall in silver prices the silver dollar came back into use in the US again.
The silver trade dollar was a popular currency when most of the major powers in the world were relying on the minting and issuance of silver coins to fund their empires activities. Britain, Spain and France all minted their own silver coins.
The Us silver dollar trade coin was minted with a higher and more pure content of silver than previous coins. This is because it came into being when silver coins were the primary medium of international exchange and there was a great deal of competition in this regard.
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.
These dollar coins were never circulated inside the United States. However they did have a face value of $5 in the market. - 23204
About the Author:
Ray Humphreys writes about purchasing and collecting silver coins. If you want more info go to his page on USA Silver Dollars.
posted by X - Men @ 2:12 AM
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