Information about Silver Dollar
Silver dollars are historically known for their high value and silver content. Morgan dollars, trade dollars, peace dollars liberty dollars and many more are examples of the most known silver dollar coins. All these silver dollars are sought for being of versatile value silver content and also face value as a currency. Robert Scot is the one who created the flowing hair which was in the first silver coin. The most valued silver dollar coin, popular and important is the Morgan silver dollar coin. The beauty, size and availability of People like silver dollars because of their size, availability and beauty, the silver dollar coin.
The value of any silver dollar coin depends on various factors like condition, mintage and also scarcity. Minting of the silver dollar was done on the Morgan silver dollar coin in the U.S and strongly was influenced by the silver prices and also the intrinsic value of the silver dollar when it is compared to the face value. The liberty silver dollar was the last to be minted. There was an act in eighteen seventy-three which its aim was to change the U.S silver so that the currency of U.S was not backed anymore by the currency of silver coins. The striking of the silver dollar was not necessary because the value was much less compared to the face value.
Without that act the liberty silver dollar would be minted for even just a fraction of the value of its face. This would have resulted into the increase of the money supply and also inflation. All these had no dollar manufactured until the Blandson act which was enacted in eighteen seventy eight. The trade coin which was the trade dollar was then replaced by the Morgan dollar after this act. The treasury purchased the Morgan dollar at a market value which was produced by the mint after the enactment of the Blandson act.
Mintage ,condition, scarcity and silver content are factors that determine the value of a silver dollar coin. Most popular silver coins include the liberty seated coins, trade dollars, Morgan silver dollar and peace silver dollar. You can get places where you can purchase the dollars like the APMEX where you get very good dollars and of high quality. Since there are very many different types of silver dollars, then you should always know the design and condition of any dollar. If you do not know how to study dollars you can always search for an expert to help you differentiate them. To avoid fake silver dollars always search for a good place to purchase the dollars like the APMEX.
What I Can Teach You About Currencies