Where To Buy Silver Dollars
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By 1976, mass-produced silver coins came to a halt more or less, due to the ending of the gold standard. As silver prices rise due to the limited availability of the precious metal, silver dollar coins only become more valuable. This is great news for both investors and collectors.
Silver dollars are valued for two reasons today: the amount and purity of the silver, and their status as collectibles.They are popular items for collecting and giving as gifts to children, because they are relatively available and easy to find. Coin services, such as the NGC or PCGS, often provide grading based on condition, which can increase the collectible value. The rarity of the mintmark, and the year produced can also make a silver dollar more or less valuable for a collector.
As an investor seeking to build stable wealth, silver dollars are a steady, reliable addition to any portfolio. Despite their availability and production rates, dollar coins are made of a finite resource. Morgan silver dollars and other US silver dollar coins can be easily transported, stored, and used as currency. They can also be resold for great values thanks to the desire from collectors.
Buy silver dollars for the lowest price at SD Bullion or resell for the highest prices available. Also, check our junk silver category for more products. Shop online anytime, or call our trade desk at 1-800-294-8732 for rates, shipping, storage, and more.
Silver dollar coins are valued both for their amounts and purity of silver and their status as collectibles. Many of our parents and grandparents used silver dollar coins to pay for groceries. At that time, the silver dollars in circulation were Morgan silver dollars and Peace silver dollars. Today modern silver dollars, like the American Silver Eagle, are more popular to collect and give as gifts to commemorate special occasions, birth years, and anniversaries.
Silver dollars have a $1.00 face value and contain a precious metal content of at least 90% silver. There are many modern silver dollar coins that are produced for collectors by the U.S. Mint with special proof and uncirculated finishes, as well as regular business strike coins intended for regular circulation.
GSA Hoard designates a specific cache of several million silver dollars held in the vaults of the U.S. Treasury Department, then discovered later and sold by the General Services Administration (GSA) from 1972 to 1980. The majority of these coins were Morgan silver dollars minted in Carson City.
Uncirculated silver dollars from the GSA Hoard were encapsulated in hard plastic holders and are often certified by coin grading companies to increase their market value. Silver dollars with natural rainbow toning are especially desirable to collectors.
If you are looking for a local coin shop who buys silver dollars, researching where to sell silver dollars near you, or want to have your silver dollars appraised, PGS Gold & Coin is the premier silver dollar buyer, silver dollar seller, silver dollar appraiser in the Chicagoland and Midwest region.
PGS Gold & Coin sells circulated silver dollars in bags of 1000,and by the individual coin.PGS Gold & Coin sellsuncirculated silver dollars BU (brilliant uncirculated) in tubes of 20, and by the individual coin.
As Certified Coin Dealers, Appraisers, and Precious Metal Specialists, PGS Gold & Coin buys, sells, and appraises coin collections, stamp collections, gold & diamond jewelry, along with a wide variety of items. PGS Gold & Coin provides free evaluations, estate & insurance appraisals, safe deposit box appraisals, and coin grading submission services. PGS Gold & Coin can assist you in buying, selling, and investing in gold bullion, silver bullion, platinum bullion, palladium bullion, and rhodium bullion, as well as guide you through investing in Precious Metal IRA. PGS Gold & Coin GIA Certified Diamond Buyers appraise diamond engagement rings, diamond jewelry, loose diamonds, and gemstones. PGS Gold & Coin pays top dollar for diamond rings, diamond jewelry, sterling silver, and scrap dental gold. PGS Gold & Coin retail stores feature rare coins, antique silver coins, US gold coins, foreign gold coins, silver dollars, type coins, ancient coins, medals, tokens, old US currency, foreign currency, Confederate currency & Civil War currency. Our online store features all of the above plus fine watches, antique pocket watches, autographed sports memorabilia, historical documents, militaria, US & foreign war memorabilia, comic books, vintage toys, model trains, musical instruments, rare stamps, estate jewelry, luxury fur coats, designer handbags, purses, fine wine collections, antiques, and collectibles. We also buy smartphones, cell phones, iPads, laptops, video game consoles, and other new in-the-box electronics. PGS Gold & Coin also buys and appraises fine wine.
Are you purchasing silver with the intent of holding the coins indefinitely as a long-term investment Are you simply trying to acquire silver at the lowest price possible without concern of an exit plan Are you interested in purchasing the most marketable silver coins regardless of price Or do you intend to purchase with the intent of possibly having to barter in the event of an economic collapse
There are many forms of silver to consider including American Silver Eagles, 90% silver US coins such as dimes, quarters and half dollars that contain 90% silver from 1964 and earlier, Morgan and Peace silver dollars issued in 1935 and earlier or lower purity coins such as war nickels or circulated foreign currency coins.
Morgan and Peace silver dollars can be a bit more complicated for first-time buyers, as the price is dependent on the condition. As you would expect, the worse the condition, the lower the price. However, if you purchase something in poor condition, it may be more difficult to sell the coins in the future.
A good rule of thumb is to purchase Morgan and Peace dollars in fine to very fine condition. This is the most common category of silver dollars and simply means that the coins are in decent condition and should be relatively easy to sell when and/or if necessary.
Last, but certainly not least, are the 1 oz American silver eagles. These particular coins are considered investment-grade coins. In fact, many retirement or pension funds permit American silver eagles to be held in the funds as an investment option. These were first minted in 1986, contain one troy ounce of pure .999 fine silver, and are some of the most recognized and liquid silver coins in existence.
For individuals that are interested in purchasing .999 fine silver bullion coins, there is no better option than the American silver eagles. Because of their high demand and liquidity, American silver eagles tend to be bought and sold at premiums above the other options highlighted above, with the possible exception of Morgan and Peace dollars.
There are several silver coins available to investors and/or collectors alike. Depending on your needs and long-term goals, your options range from lower-priced circulated foreign coins and low purity U.S. silver to .999 fine American eagles.
Request a grading certificate by the Professional Coin Grading Service (PCGS) the Numismatic Guaranty Corporation (NGC), Independent Coin Grading (ICG) or American Numismatic Association Certification Service (ANACS). Professionally certified coins indicate that a third-party organization guarantees the grade of the silver dollar.
There are few relics, like the Morgan Silver Dollar, that show us a glimpse into our past as an evolving country. The Morgan Silver Dollar was successfully minted from 1878 to 1904 and again for one more year in 1921. Throughout its 27 years of production, two famous mints closed their doors, three bills were passed to approve the minting of silver dollars, and the Denver Mint was established and currently stands as the world leader of coin production. The Morgan Silver Dollar has a fineness of .900, and weighs a total silver content of 0.77344 troy ounces per coin. After 130 years of being minted, the Morgan Silver Dollar is still among the most popular coins sold in the country and is also advised as a smart investment, due to its low mintage averages and 90% silver content.
The New Orleans Mint first opened in 1838-1861. Then, it reopened in 1879-1909 since it was closed during the American Civil War and the Reconstruction period. In its prime, it produced 427 million gold and silver coins of every US denomination. The New Orleans Mint was decommissioned in 1909 but the state wanted to keep the building so it has been used for several unrelated purposes, such as a fallout shelter, US Coast Guard storage facility, and an assay office. Since 1981, it has served as a branch of the Louisiana State Museum and is now considered a National Historic Landmark; being the oldest surviving structure of a US Mint. The New Orleans Mint stamped all of their coins with an "O" mint-mark.
The Carson City Mint was built at the peak of silver mining and was conveniently located near a popular silver mine. Based in Nevada, the Carson City Mint was built in 1863 but didn't begin operating until 1870, when it minted mainly silver coins. It operated for 15 years, took a break and picked back up in 1889. Finally, in 1893, the Carson City Mint closed its doors as a US Mint branch and now is the Nevada State Museum. The Carson City Mint used the "CC" mint-mark on all of its coins.
Only established in 1906, which is considered young for the almost 200 year old mints, the Denver Mint mainly produced commemoratives or mint sets. Coin collectors will see the "D" mint-mark from time to time, on silver coins, because the Denver Mint had to aid in fulfilling the requirements of the Pittman Act. Often viewed as the underdog in its earlier days, the Denver Mint has now earned the name of the largest producer of coins in the world!
Caches of Morgan Dollars produced at the Carson City Mint were discovered and were sold to coin collectors by the federal government in the early 1970s. Many of these dollars were uncirculated and are called GSAs (named after the General Services Administration) and come in black plastic holders that mimic the holders used for proof silver Eisenhower dollars of the period. These have become collectible items within the GSA encapsulation. 59ce067264