Silver Dollar Information
The high value and silver content made the silvers to be historically known. Morgan dollars, trade dollars, peace dollars liberty dollars and many more are examples of the most known silver dollar coins. All these silver dollars are sought for being of versatile value silver content and also face value as a currency. The flowing hair in the first silver coin was designed by Robert Scot. The Morgan silver dollar coin is considered as the most popular dollar and also the most important, widely collected silver in the U.S history. The beauty, size and availability of People like silver dollars because of their size, availability and beauty, the silver dollar coin.
The value of any silver dollar coin depends on various factors like condition, mintage and also scarcity. The minting of the Morgan dollar was influenced by the silver prices rather than the face value and was done in the U.S. Minting was done lastly on the liberty dollar coin. An act in 1873 wanted to change the US currency so that no more dollars were used. Before the introduction of the silver dollar in 1878 and also before the act, the mint was obligated to mint all the silver coins inclusive of the liberty dollar with a silver bullion which was brought by the public at a small fee. A lot of people felt that the silver dollar no longer could not be minted that way because the cost used to strike a silver dollar was very much less than the face value.
Without that act the liberty silver dollar would be minted for even just a fraction of the value of its face. Minting of the silver dollar coin would have increased the money supply. The Blandson act that was introduced in eighteen seventy eight was the result of the manufacture of the Morgan silver dollar after a very long time of no dollar being manufactured. The trade coin which was the trade dollar was then replaced by the Morgan dollar after this act. This act enabled the Morgan to be produced by mint with a silver purchase at the market value by the treasury.
Mintage ,condition, scarcity and silver content are factors that determine the value of a silver dollar coin. Most popular silver coins include the liberty seated coins, trade dollars, Morgan silver dollar and peace silver dollar. You can get places where you can purchase the dollars like the APMEX where you get very good dollars and of high quality. There are various type of silver dollars with different characteristics and you should always be able to differentiate silver dollars by knowing the quality, face, shape and design. If you do not know how to study dollars you can always search for an expert to help you differentiate them. To avoid fake silver dollars always search for a good place to purchase the dollars like the APMEX.