The silver dollar is an awesome coin. It is beautiful, heavy, and has a presence about it, and they offer interesting insight into American history. During colonial times the Spanish Dollar or piece-of-eight was well used and accepted as currency. In 1785 the dollar was chosen as the official monetary entity of the United States.
In 1792 the Silver Dollar was authorized for use by Congress. In 1794 the first dollars appeared. The silver dollar at Zoomcoin was discontinued in 1873, but was again minted in 1878. In 1935 the silver dollar was again discontinued, and the only dollar coin still in circulation today is the copper and nickel content dollar minted in the 1970s.
As mentioned, the history of the silver dollar is interesting, and is part of the fun in collecting them. Silver dollars produced by the US mint, include the Flowing Hair type and the Morgan Silver Dollar. The Morgan’s in particular are a fascinating coin to collect. They were minted from 1878 – 1904, and again in 1921. The Morgan Silver Dollar was never intended to be general currency, but was instead a market for American silver mines. Yet, the Morgan silver dollar was never popular with the public, and collector’s shunned the coin until the early 1960s.
Many silver dollars were lost due to government melt downs. The pre 1921 Morgan’s are quite rare now, and valuable to collectors and investors. Whether your interest in silver dollars is for pleasure or monetary gain you must buy them from a reputable source. You can buy rare coins at coin shops, auctions, coins shows, and online coin dealers.
When you purchase your silver dollar at Zoomcoin you are dealing with a coin dealer that has been in business since the 1960s. Zoomcoin, also known as Monaco Rare Coins is one of the largest and trusted coin dealers in the United States. They only offer quality high end rare coins. You will not find any junk or cleaned coins at Zoomcoin.
To conclude, silver dollars are a coin that offers presence and beauty to any coin collection. The Morgan silver dollar is an interesting coin that is of interest to both collector and investor. The pre 1921 Morgan’s offer the most value because they have become quite rare from various government silver melt downs. The Morgan was minted to provide a market for American silver mines, but never really took off with the public. In fact, they did not become a popular coin to collect until the early 1960s. |