Understanding the Seated liberty dollar
The history of silver coin making in the US is a long and interesting one. Ever since 1794 when the government issued silver dollars for the first time, people have been keen on collecting these coins both for investment and personal purposes.
The term silver dollar is a general name given to any coin made from silver that is minted in the US. In actual fact the face value of the coin does not have to be one dollar.
The purists however argue that for a dollar coin to be categorized as a silver dollar coin it must have some amount of the metal. This is both the most popular yet the rarest of all silver dollar coins to be found in the US.
One of the most sought after silver dollar coins amongst collectors is the 1804 silver dollar. In actual fact this coin has the date 1803 printed on it due to a mishap although the date of their first issue was definitely 1804.
Due to its initial popularity the 1804 silver dollar remained in circulation for many years and was actually reproduced some 30 years later. At this time the US had just begun its ascendancy as an international player with diplomatic relations with other countries all over the world. This coin was often given as an official gift to visiting dignitaries.
Today 1804 silver dollars are very hard to come by. In fact most estimates say there are only around twenty or so in the world. If you did by some chance happen to find one of these coins in the attic you could easily get more than two million dollars for it.
The seated liberty dollar was first minted in 1840. Although initially quite popular it was gradually replaced by more recent issues that came several years later.
During most of the 1800's the value of one dollar was greater than the cost of the silver used to mint a single coin. Once this changed however, and the value of the raw silver reached over a dollar the days of the silver dollars became numbered.
From that time onwards it became a trade coin which was used in the Orient. By the 70s the coin came back into circulation as the price of silver declined.
This unique silver trade dollar coin was actually produced in response to the trade coins of other Western powers. Foremost amongst the competitors were Great Britain, France, Mexico and Spain.
The Trade Dollar was far more valuable than the average dollar coin. This is because it was made using a higher silver content. This was purposely done in order to bring it at par with the global standard.
Because the US had an increasingly growing amount of trade with several Asian countries at the time the trade dollar was minted, most of the dollars ended up in Asian countries.
The trade dollar had a sale value of $5 in the USA when it was issued. However, it should be noted that the trade dollar was never actually issued to be used as internal currency within the USA. - 23159
The term silver dollar is a general name given to any coin made from silver that is minted in the US. In actual fact the face value of the coin does not have to be one dollar.
The purists however argue that for a dollar coin to be categorized as a silver dollar coin it must have some amount of the metal. This is both the most popular yet the rarest of all silver dollar coins to be found in the US.
One of the most sought after silver dollar coins amongst collectors is the 1804 silver dollar. In actual fact this coin has the date 1803 printed on it due to a mishap although the date of their first issue was definitely 1804.
Due to its initial popularity the 1804 silver dollar remained in circulation for many years and was actually reproduced some 30 years later. At this time the US had just begun its ascendancy as an international player with diplomatic relations with other countries all over the world. This coin was often given as an official gift to visiting dignitaries.
Today 1804 silver dollars are very hard to come by. In fact most estimates say there are only around twenty or so in the world. If you did by some chance happen to find one of these coins in the attic you could easily get more than two million dollars for it.
The seated liberty dollar was first minted in 1840. Although initially quite popular it was gradually replaced by more recent issues that came several years later.
During most of the 1800's the value of one dollar was greater than the cost of the silver used to mint a single coin. Once this changed however, and the value of the raw silver reached over a dollar the days of the silver dollars became numbered.
From that time onwards it became a trade coin which was used in the Orient. By the 70s the coin came back into circulation as the price of silver declined.
This unique silver trade dollar coin was actually produced in response to the trade coins of other Western powers. Foremost amongst the competitors were Great Britain, France, Mexico and Spain.
The Trade Dollar was far more valuable than the average dollar coin. This is because it was made using a higher silver content. This was purposely done in order to bring it at par with the global standard.
Because the US had an increasingly growing amount of trade with several Asian countries at the time the trade dollar was minted, most of the dollars ended up in Asian countries.
The trade dollar had a sale value of $5 in the USA when it was issued. However, it should be noted that the trade dollar was never actually issued to be used as internal currency within the USA. - 23159
About the Author:
Ray Humphreys is a coin collector and loves silver coin collections. for more information on US minting look at the page on Silver Dollars
posted by X - Men @ 3:01 AM
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