Introducing silver dollar coins
The very first lot of silver coins to be produced in America took place in 1794. since that time the US government has minted several noteworthy batches at different points in it's history.
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.
Due to its initial popularity the 1804 silver dollar remained in circulation for many years and was actually reproduced some 30 years later. At this time the US had just begun its ascendancy as an international player with diplomatic relations with other countries all over the world. This coin was often given as an official gift to visiting dignitaries.
Today there are only fifteen silver dollar coins in the world that bare the date of 1804 which makes them incredibly special. In fact about a decade ago one of these coins was sold at an auction for almost four million dollars.
The seated liberty dollar was first minted in 1840. Although initially quite popular it was gradually replaced by more recent issues that came several years later.
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.
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.
Because the US had an increasingly growing amount of trade with several Asian countries at the time the trade dollar was minted, most of the dollars ended up in Asian countries.
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. - 23196
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.
Due to its initial popularity the 1804 silver dollar remained in circulation for many years and was actually reproduced some 30 years later. At this time the US had just begun its ascendancy as an international player with diplomatic relations with other countries all over the world. This coin was often given as an official gift to visiting dignitaries.
Today there are only fifteen silver dollar coins in the world that bare the date of 1804 which makes them incredibly special. In fact about a decade ago one of these coins was sold at an auction for almost four million dollars.
The seated liberty dollar was first minted in 1840. Although initially quite popular it was gradually replaced by more recent issues that came several years later.
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.
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.
Because the US had an increasingly growing amount of trade with several Asian countries at the time the trade dollar was minted, most of the dollars ended up in Asian countries.
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. - 23196
About the Author:
Ray Humphreys writes about buying and selling silver coins. If you want more info go to his page on US silver dollar.
posted by X - Men @ 3:01 AM
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