A Silver Dollar Coin - Some Fun Facts And A Little History
The silver dollar coin is mainly used in the United States which has a face value of one dollar. However, the silver coins value itself, due to its element content, is much higher than its actual one dollar face value.
There are many different types of silver dollars made in the US with different themes commemorating different people, characters and occasions. The silver dollar has become somewhat of a collector's item for many coin collectors.
Silver dollars are minted in different parts of the United States and are actually the very first kind of coin that was ever minted in 1794. Each silver dollar coin contains a mark called a mint mark that indicates where it was minted. For instance, coins with mint marks "W", "S", "P", "O", "D", "CC", "C" were all minted in West Point, San Francisco, Philadelphia, New Orleans, Denver, Carson City, and Charlotte, respectively.
Rather than being used for trade, the silver dollar is more of a collector's item and has been replaced by the one dollar bill. In 1971, there was some clamor to mint the silver dollar to use as regular currency again, but this was not such a popular idea with the masses. In fact, a movement called the "Save the Greenback" movement was made to demonstrate the people's view against changing the one dollar currency back into a coin.
Thomas Jefferson's time, Jefferson himself stopped the minting of the silver dollar, especially since it was becoming an exported currency to other countries. Exporting the silver dollar coin meant that other countries would receive it, keep it, and possibly re-mint it because of the high value of silver coins content.
1804 silver dollar coins are probably the most valued and rarest of its kind and are promptly sought after by all coin collectors. This silver dollar was struck on 1804, but each coin was actually dated 1803 which they attribute to an error in bookkeeping by the coin minters. The US mints made more of the 1804 silver dollars in 1834 to give as gifts to Asian country leaders whom they had formed trade relations with.
There have been many types of silver dollar coins minted in the years after the 1804 coin was created. Examples of these are the Seated Liberty dollar, the Morgan dollar, the trade dollar, the Peace dollar, the Eisenhower dollar, the Susan B. Anthony dollar, and even the Sacagawea dollar. Today, having a silver dollar coin would mean that you would have a little piece of US history right in your own pocket, which is definitely something worth keeping!
Article Source: FxTradingStock.com
About the Author
Eric McMillan is an ex real estate guy, who markets online and is a coin collecting fanatic. Go to his site for more information on the history and value of the silver dollar coin. While you're there, grab your free copy of his Guide to Gold and Silver Coins.
by: Eric McMillan
Total views: 43
Word Count: 435
Date: Wed, 22 Sep 2010
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