Silver American Eagles Hit Record High Sales In January 2013

January of 2013 saw a small growth in the value of silver, around 3.7%. During the same period gold actually dropped by 0.8% but analysts seem to agree that gold will see a steady rise overall. Today silver is at $31.78. You can buy one dollar face value of circulated 90% silver US coins for around $30 including postage. How much you might spend will depend upon where and how you make your purchase as well as your level of knowledge on the subject. But, at the time of this writing I can easily find junk silver coins for that price range even when buying very small quantities at a time. Those who know little about coins and precious metals but who are interested in the idea of collecting are likely to fall victim to the highly over priced “collectable” coins seen in some markets....

Peace Dollar

1921-1928  &  1934-1935 The Silver Peace Dollar was originally proposed to be a commemorative coin issued to memorialize with the ending of World War I; however the final decision was made to issue the Silver Peace Dollar as a circulating coin. The coin, which got its name from having the word “peace” imprinted at the bottom of the coin’s reverse, was designed by Anthony de Francisi. The replacement to the Morgan Silver Dollar, the Silver Peace Dollar was struck from 1921 until 1928, then after a pause of six years it was minted again in 1934 and 1935. The Silver Peace Dollar was briefly minted again in 1965 (bearing the date 1964) but no examples were ever released and eventually melted down.  Containing 0.77344 troy ounces of silver, the Silver Peace Dollar was the last...

Morgan Silver Dollar

1878-1904 & 1921 The Morgan Silver Dollar, which was named after its designer, George T. Morgan, was minted from 1878 – 1904 and then again for one year in 1921. Each Morgan Silver Dollar has a finesse of .900 which gives it 0.77344 troy ounces, or 24.057 grams of silver. The coin was commissioned after the Bland-Allison Act was passed; which called for the US Treasury Department to buy large amounts of silver, and strike it into coins. This was at a time when the cost of silver was very low due to the Comstock Lode silver strike in Nevada; which to this day is the largest silver strike in history. The Morgan Silver Dollar was minted up to 1904 when there was a large supply of the dollars in circulation and a shortage of silver bullion. Finally in 1918 the Pittman act was passed...

Seated Liberty Dollar

1840 – 1873 The Seated Liberty Dollar was first minted in 1840. At that time the same obverse design was used for all U.S. silver coins. The design was created by Christian Gobrecht. The obverse features Lady Liberty sitting on a rock, in her right hand she holds the Union Shield inscribed with the word “LIBERTY” and in her left hand she holds a long staff, The reverse side of the Seated Liberty Dollar features an eagle with the Union Shield across its breast. The eagle is holding an olive branch in its right talons and three arrows in its left talons. The words “UNITED STATES OF AMERICA” appear in an arc around the upper half of the coin and the words “ONE DOL.” at the bottom below the eagle. The Seated Liberty Dollar was struck at four different mints;...

American Silver Eagle

1986 – Present The American Silver Eagle was first produced by the U.S. Mint in November of 1986. This coin contains 9.999% pure silver and although it bears a One Dollar face value it has never been circulated nor has it ever been available at face value. The American Silver Eagle is an ideal way to collect silver as it is recognized and trusted around the world for its silver content. The American Silver Eagle has been minted at three different mints; Philadelphia, San Francisco, and West Point. The value of the American Silver Eagle is based on more than just its silver content. Due to the limited numbers produced and the varying numbers minted each year this coin also enjoys “collectable value” with some years and mint mark combinations bringing much more than others. The...