| It is difficult to determine exactly what the proce of a silver coin is at present. Silver money was first minted in the United states in 1794. Nonetheless, not all coins are of high value though they have a long history. The US mint used to issue a lot of silver money. But now it is only a thing of the past, as it was removed from circulation a long time ago and is issued generally for collectors. Anyway, possessors of silver dollars are interested in the value of their collections.
Age matters
The age of a silver coin is deemed to be one of the chief criteria that influences its value.
It is believed that there have been issued only 2 THOUSAND coins of the 1794 silver money and Flowing Hair Liberty silver dollars. Therefore, they are believed to be very expensive. The silver dollars minted a year later, for instance, can be found much easier and, as a result, are of little value. The older silver dollars could be a lot more expensive, but for their quite poor condition.
The rarer - the more valuable
Another criterion that defines the price of a coin is how rare it is. A number of silver dollars are rarities, but the rarest silver money known is the 1804 silver coins that are also among the most valuable silver money in the world. Their high value may be explaied by the fact that they were believed to be the only coins issued in 1804. Some years later, other silver coins appeared to have been issued in the same year but erroneously dated 1803. The changes were never made due to significant expenses associated with the procedure. It was decided to coin a limited number of the Silver dollars issued in 1804 in 1836. This number allegedly amounts to fifteen coins. The coins were designated for representatives of overseas states & VIPs, but not for circulation. One of the 1804 silver dollars came onto the monetary market in the late 90s and was valued at Four million dollars.
Among other very valuable silver coins are 1893 cc morgan silver dollars, 1891, 1893 CC Morgan Silver Dollars and the 1928 peace silver dollar.
They are of great interest to owners of rare coin collections and are most often searched for. You can find their cost on the Internet. There are a large number of Internet where you may get this kind of information. There you may also find a price-list of other silver dollars that are less expensive but are of interest to numismatists as well. Depending on how rare silver dollars are their rates vary from face value to several hundred dollars.
Although having circulated for a short time, silver coins are main collector's items nowadays because of their large size and numerous stories connected with them. |
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