The United States Silver Dollar

The United States silver dollar has always been a good option, the government thought, and it became even more important when the country was struggling. Silver was becoming more easily found, though in the first years of the striking of these coins, silver was as rare and as valuable as gold was. The first coins were not struck until 1794, although two years prior the government created the Mint Act of April 2, 1792. The coin was just the start of a long and storied history of these coins.
The United States silver dollar was produced over time in various designs. The initial design featured the Flowing Hair Liberty. In 1795, the coin's design was changed and the Draped Bust Liberty was introduced. This design will continue until 1803. But, during that time there were two distinct reverse styles. A unique fact is that in 1797, there was a very low amount of silver coin minted, at just 7776 silver dollars. This was because of a lack of silver bullion deposited in the United States Mint.
Take a look at the history of the minting of United States silver dollar coins:

1. The early coins were produced as stated above, with the initial designs of 1794 through 1795 being the rarest.

2. The 1804 coin is very limited and considered one of the rarest coins of all time.

3. The Seated Liberty dollar coin was produced starting in 1836, after a long, 32 years of no production of these coins, though few people realized it. In fact, the coins were only minted in this year due to the lobbying of the silver industry convince Congress to do so. This coin was minted until 1873.

4. The Gold Dollar Coins took over for some time. These coins were minted from 1849 through 1889.

5. The Trade Dollar coins were minted between 1873 and 1885.

6. The Morgan silver dollar coins were one of the more popular types and are still favorites of collectors. These coins were minted in 1878 through 1904 and then again in 1921.

7. The Peace dollar coin was minted right after World War I in an tribute to the new found peace the country was looking for. It was minted from 1921 through 1935.

8. The Eisenhower dollar was minted from 1971 through 1978.

9. The Susan B Anthony, one of today's more popular collector pieces for beginners was minted from 1979 through 1981 and then again in 1999.
The valuing of any of the United States silver dollar coins is dependent on many factors including how rare the coin is, with some mintage years being far more expensive and valuable than others. In addition, the quality condition of the coin also plays a role in its value. Uncirculated and proof sets are available for some of the mintage, especially in more recent years. Before purchasing any of these coins, though, you do need to focus on the quality of the individual coins over any other factor.

The History of US Gold Coins

The first U.S. gold coins were minted and produced in 1795, twelve years after the conclusion of the Revolutionary War. The establishment of the U.S. Mint just a few years prior made production of gold coins possible.
The first gold coins to be struck by the U.S. Mint were Eagles and Half Eagles, otherwise known as the 'Draped Bust', in $10 and $5 denominations. The $2.5 Quarter Eagles 'Draped Bust' followed in 1796. Draped Bust coins minted between 1795 and 1807 were produced in very limited numbers. The first U.S. golden coins ever minted are quite rare, and unfortunately many of these coins were exported to other countries throughout Europe and melted down when the coinage purity exceeded the face value.
Following the Draped Bust gold coins were the Caped Bust coins, first introduced in 1807. The first Caped Bust was produced in the $5 denomination. These saw limited mintage much like their predecessor; however, thousands more were produced and saw greatly increased circulation in comparison to the Draped Bust. In 1908, the $2.5 denomination was minted, with both coins produced every year until the discontinuation of the Caped Bust in 1838.
In 1838, the $5 Liberty Head gold coin was produced and had the longest mintage run of any U.S. golden coinage to date, lasting until 1908. The $10 and $2.5 Liberty Head coins soon followed and were minted until 1907. Several other gold coins were minted between 1840 and 1900, including the Three-dollar gold coin, the $4 Stella gold coin, and the Gold Dollar.
1848 marked the start of the California Gold Rush, an important historical event in the history of U.S. gold coins. This event was instigated by James W. Marshall at Sutter's Mills, California, when a colleague of his accidentally discovered gold. The news of the discovery quickly spread across the country, attracting hundreds of thousands of people across the nation and world. In response to the massive increase in the supply in gold out of California, the U.S. Mint established a branch in San Francisco.
The $20 Saint Gaudens golden coin was minted in 1907 by Augustus Saint-Gaudens, the first sculptor to design a coin who was not affiliated with the U.S. Mint. Indian Head gold coin were also minted during this time period in $2.5 (1908 to 1929), $5 (1908 to 1929), & $10 (1907 to 1933) denominations. Mintage of the Saint Gaudens lasted until 1933, the year Executive Order 6102 was enacted, "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens.
Pre-1933 gold coinage is very rare, and it is estimated that only 1% of these rare coins survived being melted into bullion following the gold confiscation act of 1933. The surviving pre-1933 rare coins are very valuable to collectors and investors alike because of their scarcity and unique characteristics. Gold was once again made legal to own by private citizens in 1974, three years after President Nixon abolished the Gold Standard. The U.S. mint has since produced gold bullion coins such as the American Eagle, first minted in 1986, and the Gold American Buffalo coin, minted in 2006 and also the first 24 karat gold bullion ever coin produced by the U.S. Mint.



Precious Metals Brokerage Group (PMBG) is a wholesale dealer of physical Gold, Silver, Platinum, Palladium. We offer rare coins as well as bullion coins and bars. Our Retirement Account Department also provides Gold IRA / Gold 401K / IRA Rollover / Gold IRA transfer services. If you are interested in buying gold, selling gold, silver investing, or any other precious metals investment, call us toll free anytime at (866) 775-3131 or visit us at http://www.pmbg.net

The Paper Dollar - Its Value?

The paper dollar in U.S. currency is not worth paper it is printed on today. Up until 1938, a dollar was worth its weight in gold because it was backed by the gold standard and minted in coins and Federal Reserve Notes. In other words, a dollar was worth a dollar when it was backed by DOLLAR'S worth of gold. According to the American Patriot Friends Network (APFN,1996), the U.S. Congress followed a bimetallic standard under which gold and silver served as dollars dating back to 1792. Later, from 1878 until 1938, the U.S. dollar was exclusively on the gold standard. Federal Reserve Notes or dollar bills were first issued in 1914 when the gold standard was in practice. The gold certificate bills were engraved on the reverse side with a note that basically stated that the dollar bill was redeemable in gold in gold on demand at the Treasury Department of the United States or in gold or lawful money at any Federal Reserve Bank. This means that the dollar had real value which made it legal to use in exchange for goods and services.
Americans seldom think about the paper dollars they use as money today. After all, money is a very complicated and little-known subject considering our giant economic system. American simply assumes that their paper dollars are worth the printed face value on the note. But that simply is not true in today's economic system. The United States is worth trillions of dollars in goods and services that economists call Gross National Products (GNP). The United States buys more than it produces in goods and services which translate in debt that totals in the trillions. This means that we owe other nations for accepting our dollars for their goods and services.
In 1938, America was in the grips of a great economic depression. Speculators had traded stocks and bonds at inflated values backed by unchecked credit. The common practice was to borrow money to buy stocks at a low value then wait until the market rose and sale the same stock at a higher value. Its sort of like gambling with someone else's money with the promise that you will pay them back if you win. The problem with the stock market crash of 1929 was that stock values fell and speculators could not pay their creditors back the money they had borrowed to buy stocks with because the stocks had no redeemable value. The dollar had been backed by gold and stocks were backed by speculation which to deliver on demand. Panic struck and people made runs on their banks to withdraw dollars that were backed by gold but the huge debts completely wiped out the gold certificates. As a result of the stock market crash, debt on every economic level rose tremendously. Everyone owed someone and no one had anything of value to pay their debts. The circulation of dollars stopped and the economy came to near standstill.
According to the APFN (1996), President Franklin Delano Roosevelt issued an executive order to recall all gold and gold certificates in 1938. In 1939m Congress passed the Gold Reserve Act which devalued the dollar. President Roosevelt then proclaimed that the dollar would be reduced in value t 59 percent of what was established by the Gold Standard Act of 1900. This essentially made a dollar worth 0.59 cents, or worth less than its printed value. The U.S. could no longer promise anyone that its money could be redeemed for its face value in gold. In fact the U.S. dollar was turned into what the world knows as fiat money because it has no direct redeemable value. The dollar is now certificates of indebtedness which require taxpayers to pay annual interest on their own money.
The U.S. Congress gave the responsibility of making or printing money to the central bank. The dollar is no longer on the gold standard an nothing backs our Federal Reserve Notes U.S. Bankers no longer redeem lawful money worth its printed value in gold. Congress added In God We Trust to dollar bills to give them a favorable image to the world. It is as if the U.S. is saying that we are a God fearing nation and we trust God will help us pay our debt. The dollar itself has no value and therefore it is not real. The dollar is a promissory note that carries the burden of debt with it. As the costs of goods and services go up our dollars buy less and less until the cost of living threatens our very existence. You work hard for your money but what is your money worth.



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Janet is a enthusiastic hands on marketing motivator who recruits and assists people in creating and maintaining increasing cash flow using principles taught in the highly acclaimed book, "The Renegade Marketers Network," by Ann Sieg.
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Why Collect Silver Dollars?

Silver dollars are a favorite of most US coin collectors. In fact, it is not unusual to find a silver dollar or two away by people who have no particular interest in coins at all. Why is this? What is it about silver dollars that makes people want to collect them or, just hang onto them?
Well, for one thing, they are really Big. And Heavy. And Beautiful,too. (Okay, big, heavy, and beautiful. We are just talking coins here, right? What else?) They are a piece of American History. (Well, I guess so, but what history do you mean?) Pretty much all of it. They were first made in the 1700s, not too long after independence. And they were really a big deal in the days of the Wild West. And how about gambling in Las Vegas? You used to be able to get them in your change there, even if you were just buying gas!
(I see. So why were they made of silver, anyway?)
Because, back when the mint started, in 1792, coins were actually worth the amount of money they stood for. A dollar was made from metal worth one dollar. Silver was the best metal to use, because that way the dollar would still be an easy size in your pocket. Copper would have weighed a ton (not really, but a dollar in copper would have made a better doorstop than a coin. And a gold dollar would be really tiny and easy to lose. (Actually, they tried that in the 1850s. People hated them. They said they were tiny and easy to lose. Go figure.)
(Okay, hold on. Just what do we consider a silver dollar?)
Strictly speaking, it is made of silver (very good!) That means it was likely struck no later than 1935. Some of the Eisenhower dollars made from 1971 through 1976 were 40% silver, but the last of the mostly silver (90%) dollars was a 1935 Peace dollar. And, though it was rumored that the mint actually struck over 300,000 pieces of 90% silver Peace dollars in 1964, all were reportedly destroyed by the mint without exception.
The early dollar coins were really something. Just gorgeous coins.
But I guess the art critics had a problem with them. They said the first American dollar coin, the one they called the Flowing Hair dollar, made Miss Liberty look kind of trashy and undignified. So the next design showed a calmer sort of Liberty. More of a lady I suppose. They called that one the Draped Bust dollar, which seemed to make the grade, until the price of silver rose up to the point that you could make money by melting down your dollars, then trade them for gold.
So then the dollars disappeared. And the mint stopped making them for another thirty years (1805-1835). Then along came the Seated Liberty dollars, designed by Christian Gobrecht, who had worked his way up in the mint to Chief Engraver, after spending a lot of years making number punches for the dates they put on coins. Just imagine spending years making 1s and 8s and 2s and the other numbers, day after day.
The Gobrecht Seated Liberty design was well enough liked that it was put on all of the silver coins except the three-cent piece. Then there were the Morgan dollars, lots of them, beginning in 1878. During these years lots of silver was discovered out West. So much silver was mined that the price of silver tanked.
But silver mine owners had a fair bit of clout in Washington, so a law was passed that said for every paper dollar printed, an a silver dollar had to be struck. No one really needed that many, so they piled up in banks and Federal vaults, bags of uncirculated Morgan dollars.
When the town of Las Vegas began to boom, after construction of the Hoover Dam, out came the silver dollars, onto the gambling tables and into our hearts (so to speak.) As late as the early 1960s, Federal banks had considerable quantities of brilliant uncirculated dollar coins from the 1880s on hand, available for one paper dollar each.
Trust me, that was cool.



The topic of silver dollars has always interested me. These coins really are quite beautiful to look at, so I've added some information and some great photos on my website at http://www.valuable-coin-stories.com/pictures-of-us-silver-dollars.html and also at http://www.valuable-coin-stories.com/dollars-pictures.html that you may enjoy.
I've collected coins since age 11 -- so, more than half a century. Coins have been a pleasant distraction over the years. Though I've never been a coin dealer, I have occasionally sold a coin or two at a nice profit, when the market was right. These experiences have taught me a bit about coin value in the marketplace. But I have to say that my greatest pleasure with coins has been the hooks they have to history and other areas of learning. And, I can never quite get beyond the feeling that, if any of my coins could talk, the stories would be priceless!
Check my website at http://www.valuable-coin-stories.com for more.

Treasure Carnival necklace

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• Category: Necklaces
• Description: All Atocha Copper and Silver large 8 Reales coin pendant with exotic, rare, multi-hue Agate.  Impossible to really describe without holding and seeing live. Prepare to be dazzled. If you reached into a treasure chest- You would be lucky to pull this out
• Price: $175.00
• SKU: 016-7756

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Treasure Glory necklace

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• Category: Necklaces
• Description: All Atocha Silver and Copper pendant with unique Titanium rope outer design. Very few available. Rare Dragon vein Agate necklace
• Price: $200.00
• SKU: 016-7758

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Treasure Sails necklace

• Category: Necklaces
• Description: All Atocha Silver large sailing galleon with 18 K vermeil sails. The 20 inch necklace is positively stunning with White Turquoise, Swarovski Crystals and carved bone. You enter and the room goes silent.
• Price: $200.00
• SKU: 016-7747

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Seaman's Pay Coin Pendant

• Category: Pendants/Medallions
• Description: Atocha 8 Reale Coin Pendant with plain bezel. Finest detail. Coin and bezel cast with 1622 Atocha shipwreck silver treasure bullion.
• Price: $140.00
• SKU: 016-4283

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Shipwreck Bracelet

• Category: Braclets
• Description: "Shipwreck" Bracelet featuring five elegantly bezelled small 1 Reale coins. The charms are handcast from 100% Atocha Shipwreck Treasure Silver. The nautical Bracelet links are genuine modern day sterling.
• Price: $180.00
• SKU: 016-4315

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Twin Tower Pendant

• Category: Pendants/Medallions
• Description: This dramatic rememberance coin pendant features a one dollar copper nickel coin depicting the United States Twin Towers against the Manhattan skyline with the date of 11th September, 2001 and the legend stating "Lest We Forget" in a ribbon placed below the towers.
• Price: $44.20
• SKU: 019-6785

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2010 Presidential Dollar Coin Set

V Nickel Pendant

• Category: Pendants/Medallions
• Description: This interesting Liberty Head Nickel was first introduced in 1883 by the U.S. Mint and no one noticed that the word "Cents" was missing from the reverse. The omission was soon noticed by enterprising individuals who, seized the opportunity to make a buck by gold plating the coins and passing them off as five dollar gold pieces. The Liberty Head Nickel is set into a sterling silver diamond cut bezel pendant. Lady Liberty is encircled by thirteen stars while the reverse focuses on the letter "V" centered and wrapped by a wreath.
• Price: $42.34
• SKU: 019-6792

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2010 James Buchanan Presidential Dollar Coin

Treasury Glory pendant

• Category: Pendants/Medallions
• Description: Unique, hefty, Atocha treasure silver hand cast bezel surrounded with titanium-rope "halo" effect. Foundry prepared Atocha copper combined with separate hand casting by top coppersmith - then fit and finished by master craftsman. Accompanied by certificate of authenticity and COPY of original, signed, ingot certificate
• Price: $144.00

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2010 Franklin Pierce Presidential Dollar Coin

Can't pay with cents

On Yahoo news a man in New Jersey tried to pay a ticket with rolled cent's. He finally convinced the court house that the coins were "cash", which they accept as payment, but he had to write his drivers license number on each roll. He also now has a warrant out on him.
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Walking Liberty Pendant

• Category: Pendants/Medallions
• Description: This Walking Liberty coin was designed by Adolph A. Weinman who chose a full-length figure of Liberty. Her hand is outstretched in bestowal of the spirit of liberty. The obverse is considered one of the best designed silver coins in American coinage.The reverse of the half dollar shows an eagle perched high upon a mountain with his wings spread out, fearless in spirit and conscious of his power. Appearing on a rift in the rock is a sapling of mountain pine, symbolical of America. Weinman placed his initials “AAW” under the eagle’s wing feathers.
• Price: $48.40

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2010 Abraham Lincoln Presidential Dollar Coin

Vatican 200 Lira Pendant

• Category: Pendants/Medallions
• Description: You are admiring a beautiful Vatican 200 Lire coin depicting a portrait of Pope John Paul II on the obverse. The reverse shows an angel skillfully guiding 2 people, with the images of cornucopia and the flame, symbolizing love of God and fellow men while the scales and olive branch symbolize justice and peace. This Vatican 200 Lire shows its beauty set into a classic high polished pendant.
• Price: $32.80

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2009 Zachary Taylor Presidential Dollar Coin

Walking Liberty Gold Plate over Brass Key Ring

• Category: Rings
• Description: This Walking Liberty coin was designed by Adolph A. Weinman who chose a full-length figure of Liberty. Her hand is outstretched in bestowal of the spirit of liberty. The obverse is considered one of the best designed silver coins in American coinage.The reverse of the half dollar shows an eagle perched high upon a mountain with his wings spread out, fearless in spirit and conscious of his power. Appearing on a rift in the rock is a sapling of mountain pine, symbolical of America. Weinman placed his initials “AAW” under the eagle’s wing feathers.
• Price: $41.38

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2009 William Henry Harrison Presidential Dollar Coin

How often do you find Canadian coins in circulation?

Obviously, this question is not directed at fellow residents of Canada. I have an idea in mind, just trying to get some info on how often other countries are able to find coins of decent grades in their circulated money?
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2009 John Tyler Presidential Dollar Coin