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Silver Dollar Coins from 1794-1978

Silver Dollars were an immensely useful general circulation coin produced by the United States Mint for more than 140 years and today are one of the most popular types of U.S. coins among collectors. Bust Silver Dollars were among the first minted and were only produced for a short time. This relatively small mintage means very few of these fascinating coins survived to be included in contemporary collections.

The second Silver Dollar struck by the United States Mint, the Seated Liberty Dollar, differed from its predecessor in that it remained in production for a long time — more than 30 years. Because of this extended period of production, this particular coin is generally fairly easy to obtain.

Heralded as best and most beautiful of all the Silver Dollar designs, the Morgan Silver Dollar was immediately embraced by U.S. citizens when it debuted in 1878. Production of this coin continued thorough 1904, when it was replaced by the Peace Dollar, but popularity was so high, the Morgan design was produced again for one year in 1921. The 1921-dated Morgan Silver Dollars are some of the most popular to collect today.

Considered one of the most famous examples of United States currency, Peace Dollars were minted from 1921 through 1935. Popular with collectors and investors alike, this series is significant because it was the last U.S. dollar coin intended for circulation struck from Silver. It was also the last series of dollar denomination coins in full-time production for more than 35 years, until the U.S Mint began production of the Eisenhower Dollar in 1971.

The Morgan Dollars and Peace Dollars both played an important role in American coinage. Morgan Silver Dollars are the most collected U.S. coin. This coin is particularly popular because of its design, place in history and culture when the U.S. Mint released the coins.

Benefits to Purchasing Silver Coins from 1794-1978

Purchasing silver dollars dated from 1794 to 1978 can offer several benefits to collectors and investors alike. These historic coins, predominantly minted in the United States, hold intrinsic and numismatic value, making them a compelling addition to any portfolio.

  • Historical Significance: Silver dollars from this period carry a rich history, reflecting the growth and development of the United States over two centuries. Collectors appreciate the connection to the past and the tangible link to significant events in American history.
  • Rare and Limited Supply: Many silver dollars from the 18th and 19th centuries were heavily circulated and melted down, reducing the available supply. As a result, older coins in good condition can be relatively scarce and command a higher premium.
  • Precious Metal Content: Silver dollars struck before 1935 are composed of 90% silver, making them valuable for their intrinsic metal content. This silver bullion aspect provides a hedge against inflation and economic uncertainty.
  • Numismatic Value: Silver dollars are popular among coin collectors due to their design, condition, and minting variations. Rare dates, mintmarks, and high-grade specimens can significantly increase their worth beyond their silver content.
  • Diversification: Including rare coins like silver dollars in an investment portfolio can diversify risk and add an alternative asset class, potentially reducing overall volatility.
  • Market Demand: The appeal of silver dollars endures among numismatists and investors, creating consistent demand for these coins in the collector and precious metals markets and current silver spot prices.
  • Aesthetic Appeal: Silver dollars often boast intricate and artistic designs, reflecting the craftsmanship of their era. Their beauty adds to their allure for collectors and enhances their desirability.
  • Potential for Appreciation: Over time, certain silver dollars have demonstrated the ability to appreciate in value significantly, offering potential capital gains for long-term holders.
  • Portable Wealth: Compact and universally recognized, silver dollars allow for easy transportation of substantial wealth, ideal for emergencies or global economic fluctuations.
  • Tangible and Portable: Unlike many other investments, owning physical silver dollars grants tangible ownership of a piece of history and can be easily stored or displayed.

Buying classic U.S. silver coins is a great way to begin building a silver portfolio. You can start by browsing ten of the most popular silver coins for investing and find the next silver coin for your stack. Or, if you're in search for more unique coins, it may be helpful to browse APMEX's full silver coin selection. Those who are totally new to the coin collecting world may want to start with the US Mint's Silver Eagle, as these coins are more modern, which typically makes them easier to find.

If you're intrigued by Silver Dollars but seeking an even more accessible entry point, consider 1 oz Morgan Silver Dollar style rounds. These rounds offer the allure of historic design in a more standard size, making them ideal for both collectors and investors alike. With their lower cost compared to traditional Silver Dollars, they provide a convenient way to start building your collection or investment portfolio with the iconic imagery of the Morgan Silver Dollar. Those less set on a specific design may instead want to browse our silver round selection.

In conclusion, purchasing silver dollars dated from 1794 to 1978 can provide a combination of historical significance, intrinsic value, numismatic appeal, and potential for appreciation. However, as with any investment, it's essential to conduct thorough research and seek advice from reputable numismatic experts before making significant purchases.

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