Part of collecting coins is knowing each of the piece’s interesting history. Many collectors can tell an audience grand stories wrapped around each of the coins in their collection. Maybe until now, you have not thought about the coins’ stories, but there is no time like the present to consider this.
One coin that you could add, which includes a great deal of value, a high level of rarity, and an interesting story is the historic American silver dollar; a truly unique and rare silver coin.
It all began in 1794, just after the United States had passed an authorization for a new dollar coin. This coin, the silver dollar began as what we now refer to as the “Flowing Hair Type.” During this time period, coins were struck by hand created dies. Because of this, many of the different coins from this type include minute differences, making each one collectible. In addition, since the coins were filed by hand if they weighed too much, many include file marks, which make them unique.
A new design was introduced in 1804, which included an eagle. Coins with the 1804 strike date are beyond rare. In one design, only eight of the coins are known to exist. These coins are extremely rare in part due to the fact that often, dated dies continued to be used despite the changes in date.
For several years during the early eighteen hundreds, no silver coins were made, but the restriction was lifted in the 1830’s. During this time, a new silver dollar was introduced. Named the “Gobrecht Dollar” after its original engraver, this coin included a flying eagle on the back.
As times changed in the United States, the silver dollar coins underwent many changes as well. In the mid to late 1800’s, the coin underwent many alterations and forms, including the Liberty Seated coin in 1840 and the Trade dollar in 1873. In 1878, the Morgan dollar was introduced. To modern collectors, the Morgan dollar is by far one of the most sought after types of coins since it is extremely rare after many were melted down during the World War.
The latest silver dollar coin to be struck is the Peace dollar, coming about in 1921. This dollar includes a commemorative design, struck completely to remember the peacetime after World War I.
No matter which style you choose, there is sure to be a silver coin that strikes your interest. You will find that these coins add value and significance to your collection.