What You Need To Know About American Silver Coins

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Nowadays, there are people who really make time to admire the things that have caught their interest. Some even collect those things especially those that can be considered as collector’s items. These are the things that are rare or they might be the things that are connected to some well-known people in any industry. Collector’s item is also something that serves as memorabilia that many people are fascinated about. One example is the American Silver Coins.

Years ago, there were already many people who collect different varieties of dollar coins in the United States. Those dollar coins are made up of different types of mineral – nickel, silver, gold, and many more. But the most famous among them is the 2018 american silver eagle. The silver dollar caught the attention of not only the people who are fond of collecting coins but also the people who are interested in precious metals. Silver was in fact valued as much as they value gold.

American silver dollar consists of about ninety (90) percent silver and a certain amount of copper. These minerals make the coin more durable. There was a time between 1804 and 1836 when they faced trouble in finding silver that resulted to an increase in its value. The limited supply of silver did not just affect the value of silver but also the production. Since the coin requires a great amount of silver, the people in charge thought that buying silver even with its increased value is not practical. This is the reason why the production of the silver dollar had stopped. The production of this silver dollar coin did not resume until they have discovered a great deposit of silver in Nevada. However, even this great amount was not enough as time passed by that resulted to another low production of the coins. This continued as years went by.  Learn more about currency at https://en.wikipedia.org/wiki/United_States_dollar.

In 1986, a new face of the silver dollar coin was produced. It was called American Silver Eagle Dollar. This coin is now consists of one hundred (100) percent of silver. This silver dollar is different from other silver dollar coins since this was not circulated because the amount of silver was valued five (5) times the value of its face. Today, this american silver eagle Dollar is being purchased by investors.

The silver dollar coins were considered as collectible items not just because of the silver content it has but also because there were mistakes found in the coin such as the eagle having eight feathers instead of seven.

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