Today U.S. dollar is rated as world’s most powerful currency. No one knew at the time of its introduction as a silver dollar coin that one day it will be the most sought after currency for trading throughout the world.
Importance of silver coins for Numismatists
Collecting silver dollars has always fascinated numismatists. They keep track of events taken place from initial days of introduction of silver coins.
From numismatic point of view, older the silver dollar coin more should be the value of the coin.
What makes silver dollars so precious?
Silver dollar coins were issued in the United States from 1794 to 1935. Experts and enthusiastic coin collectors believe that silver dollar coinage created during this period represent finest work in the field of coins.
Although silver dollar coins are no longer issued, numismatists are still able to find them. This may be due to many mintages and issuance of large number of silver dollar coins from 1836 to 1873.
The productions of coins of silver dollar was suspended for five years i.e. from 1873 to 1878 due to influx of silver from mines and free coining of silver coins by U.S mint.
Silver dollar coins e.g. Morgan silver dollar was introduced 1878 remained in production and circulation till 1904 are important for coin collectors.
Later, Morgan silver dollar re-introduced in 1878 and remained in production regularly till 1904. After remaining suspended from 1904 to 1921, Morgan silver dollar was re-introduced in 1921 for a brief period.
Morgan silver dollar was replaced by Peace dollar in1921 that remained struck until 1928. This silver dollar i.e. Peace dollar was re-introduce in 1934 and 1935 but to be again suspended for ever.
Initial designs of Morgan silver dollar and Peace silver dollars and later silver dollar designs when re-introduced instantly became numismatists’ choice due to their historic reasons.
Reliable source for buying silver dollar
Finding a trustworthy company or retailer to buy graded and original silver dollar is a tedious task. Especially for beginners in the field of numismatic, it is advisable not to buy old and historical silver dollars from flea market or private retailers.
All good and reputed companies dealing in business of rare and precious coins are approved and licensed by U.S. government.
All such companies are associated, approved and affiliated to American Numismatic Association (ANA), Numismatic Guaranty Corporation (NGC) and certified by Better Business Bureau (BBB) Professional Coin Grading Service (PCGS) which offer coin grading, authentication and encapsulation services.
Silver dollar coins bought from retailers with above certifications should be original and authentic.