Silver Dollar Information
The high value and silver content made the silvers to be historically known. There are a variety of early silver dollars that are vast like the Morgan dollars, liberty seated dollars, peace dollars, trade dollars and many more. These examples of dollars have a versatile value face value and also silver content Robert Scot is the one who created the flowing hair which was in the first silver coin. Morgan silver dollar coin is the most valued and important type of dollar. Silver dollars are very liked because of their beauty, availability and also their size.
There are various conditions that give a silver coin dollar value like mintage, scarcity and condition. Silver coin dollar minting was done in the U.S on the Morgan silver and strongly the silver prices and intrinsic value of the silver dollar compared to its face value. The liberty silver dollar was the last to be minted. The aim of the act that was introduced in 1873 was prepared to change the currency of the US so that no more silver dollars were used. Before the introduction of the silver dollar in 1878 and also before the act, the mint was obligated to mint all the silver coins inclusive of the liberty dollar with a silver bullion which was brought by the public at a small fee. The striking of the silver dollar was not necessary because the value was much less compared to the face value.
If the act was not introduced the silver dollar minting would be done with a fraction of the value of the face. The money value would have increased due to this minting. The Blandson act that was introduced in eighteen seventy eight was the result of the manufacture of the Morgan silver dollar after a very long time of no dollar being manufactured. The passing of this act had the Morgan dollar replace the trade dollar which was not a currency but a trade coin. This act enabled the Morgan to be produced by mint with a silver purchase at the market value by the treasury.
There are some characteristics of silver dollars that determine the value of any of the silver dollar like scarcity, condition and silver content. Some examples of silver dollar coins include the Morgan dollar, liberty dollar, peace dollar among others. There are very many places you can purchase the silver Dollar like the APMEX which offers smooth and secure experience online. Since there are very many different types of silver dollars, then you should always know the design and condition of any dollar. To avoid buying the wrong silver dollar you can always ask an expert who is well trained about the different silver dollars to train you even if it is at a fee. Some of the purchasing places may not be trustworthy so please be careful where you do your purchasing.