Old Silver
Collections of Old Silver Dollars
The hobby of collecting old silver dollars is one that appeals to a great many people but one thing to keep in mind is the appeal of old coins is often in the fact that there may be several designs from even one minting year. The difference in designs these old coins is due to the early practice that was employed of hand engraving each die thus a collector will find well over a few dozen varieties for all dates between 1795 – 1803. These early examples of coins that were struck by the United States Mint contain a certain aura about their design that has made these old silver dollars appeal to collectors.
The penny is the only other denomination that was minted every year from its beginning in the first ten years of mint production. Because there was a continuation of the exploration of US dollars, President Thomas Jefferson halted the production of these old silver dollars. The US dollars were then replaced by the slightly heavier Spanish 8 Reale and the US coins were sent to the Caribbean where they were then returned to the US and recoined free of charge into additional US dollars with the exporter taking possession of any difference in silver content. This process would ensure that there would be no circulation of dollars within the United States but these old silver dollars would be exported overseas while the old, foreign money would remain in circulation in the United States. This process was called Gresham’s Law.
This same process was utilized for some time after the inception of the 20th century. Any coins that contained too much precious metal was melted down and then sold as bullion while coins that were too light were exported to foreign countries where they were exchanged for heavier weight coins. The difficulty in maintaining the balance of these two processes is what led to the discontinuation of gold in coin minting during the 1930s and 1940s with silver following the same path in the late 1960s and early 1970s.
Today old silver dollars are of greater importance to collectors than they have been in the past. Though they may not hold a value as legal tender in many cases they are worth a great deal to collectors and investors. An old coin has a higher value when it is less common because collectors are willing to pay a great deal more for a coin they is difficult to obtain. Likewise investors are willing to go to greater lengths to sell their collections to the collectors. The more difficult it is to locate an old silver dollar coin the more you will have to pay as a collector and the more the investor will profit from the transaction.
The coins collectors choose to add to their collections tend to be because of certain designs that appeal to them or a design that was minted in limited quantities. Like any other coins you will also find a few coins that were struck incorrectly and these will also appeal to collectors more than a coin that was perfectly struck when it was minted.
About the Author
Silver and Old Coins
|
|
VF 1901-O Morgan Silver Dollar – Very Fine Condition – Old New Orleans Mint $35.99 |
|
|
6 Birks Regency Silver Plate Old English Appetizer Seafood Olive Forks $12.50 |
|
|
OLD STERLING SILVER ABALONE BUCKLE 925 ‘ARG’ GUAD MEXICO LONGHORN STEER $69.99 |
|
|
OLD STERLING SILVER ABALONE BUCKLE 925 MEXICO ROAD RUNNER SIGNED GUADALAHARA $69.99 |
|
|
1918-D WALKING LIBERTY HALF-DOLLAR. AVERAGE CIRC. COND..NICE OLD U. S. COIN $14.00 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER SERVING SPOON 9″ $209.00 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER COLD MEAT FORK 8 1/4″ $209.00 |
|
|
OLD TURKOMAN SILVER NECKLACE COMPONENTS WITH LAPIS & MALACITE $175.00 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER SUGAR SPOON 6 3/8″ $109.00 |
|
|
Unisex huge, intricate very old round silver ring, Size 8.5, North Africa $236.86 |
|
|
1964-D Washington 90% Silver Quarter Gem Bu/Unc from an old Set Collection L380 $58.65 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER NUT SPOON 5 1/8″ $109.00 |
|
|
2) Old, Heavy Silver on Copper Serving Dishes $16.99 |
|
|
Chinese Handwork Old Silver Dragon Flower Toothpick Box 192017 **Free Shipping** $7.55 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER CHEESE SERVER 6 1/4″ $189.00 |
|
|
60 pc TOWLE Old Master Sterling Silver Flatware set No Monogram w case vtg $2,150.00 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER CHOP FORK 2-TINE 10 1/2″ $499.00 |
|
|
One lot of TWO Old Silver Dimes! 1838 Seated Liberty and a Capped Bust Dime! $2.99 |
|
|
FIDDLEBACK BY OLD NEWBURY CRAFTERS ONC STERLING SILVER ICE TONG 6″ $389.00 |
|
|
OLD MARK HEAVY REED BARTON LOVE DISARMED STERLING SERVING SET *RARE 5PC SET $2,650.00 |
|
|
RARE OLD MARK REED BARTON LOVE DISARMED ICE TEA SPOONS SET OF 12 *EXC.COND. $2,650.00 |
|
|
950 Pre-1965, Old US Junk Silver Coins **GIGANTIC 10 POUND LOT** Free shipping! $3,499.99 |
|
|
Vintage 1935 The Olds cornet silver plated rare FE Olds Los Angeles $323.00 |
|
|
THE BOOK OF OLD SILVER Seymour Wyler 1969 hcdj ENGLISH AMERICAN FOREIGN $9.99 |
|
|
OLD TUAREG SILVER RING JEWELRY AFRICAN NIGER $49.95 |
|
|
GOOD VARIETY OLD US JUNK SILVER COINS **4 oz. LOT pre-1965 with Readable Dates** $89.95 |
|
|
1950 Old Silver Plated Charlie Brown Christmas Tree Ornament $9.99 |
|
|
OLD SILVER TOOLED CIG. CASE…JOY SN ANTONIO…LOOK ! $355.50 |
|
|
Catherine Popesco old french silver small lavender swarovski CRYSTAL Earrings $37.05 |
|
|
Birks Sterling Silver Old English Matching Pie Server & Cake Server 160 grams $69.00 |
|
|
OLD MARKED SHERIDAN SILVERPLATE SUGAR BOWL $15.00 |
|
|
1896 Russia Empire Nicholas II 50 kopek X one star old silver coin-168 $37.00 |
|
|
1861 B Austria 1 kreuzer old copper coin -092 $49.00 |
|
|
1818 Italian States Naples and Sicily 10 grana old silver coin-164 $29.99 |
|
|
1915 Russia Empire Nicholas II 1 kopek old copper coin-163 $4.49 |
|
|
EatSmart Precision Pro – Multifunction Digital Kitchen Scale w/ Extra Large LCD and 11 Lb. Capacity The EatSmart Precision Pro Digital Kitchen Scale is a versatile multifunction home appliance. Designed to be highly accurate and aesthetically pleasing, the Precision Pro is manufactured to the highest quality specifications. Weigh items up to 11 lbs quickly and accurately, with results displayed in four different units: grams / ounces / pounds / kilograms. For cooks – Weigh food items directly on… |
|
|
Mavea Maxtra Replacement Filter for Mavea Water Filtration Pitcher … |
|
|
Weber Style 6445 Professional-Grade Stainless-Steel 3-Piece Barbeque Tool Set $28.92 Professional Grade 3-Piece Barbeque Tool Set (6445) Stainless… |
|
|
Ultimate Hits: Rock And Roll Never Forgets $10.99 … |
|
|
Ultimate Hits: Rock And Roll Never Forgets $12.46 All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed…. |
|
|
Greatest Hits $5.99 All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed…. |
|
|
Raggedy Ann & Andy: A Musical Adventure [VHS] $14.98 VHS Video… |
|
|
Summer Stock [VHS] $6.95 Judy Garland managed to subdue her ongoing medical problems long enough to make Summer Stock in 1950, her last film with MGM and longtime collaborator Gene Kelly. In a throwback to Garland’s “let’s put on a show” films with Mickey Rooney, Kelly plays a theater director who sets up in Garland’s barn to prepare his musical, but Garland has other ideas. Romantic entanglements ensue, of course, and Ed… |
|
|
Look for the Silver Lining [VHS] $16.74 New VHS Tape (as shown) “Look for the Silver Lining [VHS]” FAST shipping…(T2)… |
|
|
simplehuman Wall Mount Grocery Bag Holder, Brushed Stainless Steel $8.30 A wall mounted grocery bag holder comes complete with mounting hardware. This stainless steel unit features easy tuck opening and wide dispensing area…. |