How to Get Started Collecting Silver Dollars

American silver dollars have been produced onamazed at how many different coins are in
and off since the first 1,758 coins were minted incirculation. And looking at the coins in your pocket
1794. An unsteady supply of the ore and a serieswill familiarize you with condition, wear, and other
of U.S. government acts instigated by powerfulfactors that are important in collecting.
miners kept the coins in and out of productionWhile you could collect pennies, nickels, dimes, or
until the last Peace Dollars were produced in 1935.quarters, silver dollars are the most appealing on
Since then, circulated dollar coins - including themany levels - size, weight, appearance, and
Eisenhower, Susan B. Anthony, and Sacagaweaavailability, to name a few. You can find good
dollars have not contained enough silver to bequality coins for less than $35. And there's an
silver dollars.active market for buying and selling U.S. silver
Types of U.S. silver dollars.dollars.
1) The Flowing Hair design was produced in veryBuying your first coins.
small numbers from 1794 to 1795At first, it's hard to know which coins to buy. If
2) The Draped Bust design was produced fromyou don't have a lot to invest, Morgan silver dollar
1795 to 1804are probably your best bet.
3) The Seated Liberty design was produced fromOne strategy that's helpful is to start collecting
1836 to 1873coins with a common denominator. For instance,
4) The Trade Dollar was produced from 1873 toyou could collect coins minted in one city. This
1878 (with some proof coins being minted untilcould be affordable or expensive depending on
1885)the mint. There are fewer Carson City coins, so
5) The Morgan design was produced from 1878they are usually more expensive.
to 1904, and then again briefly in 1921Another option is to collect silver dollars from
6) The Peace design was produced from 1921 todifferent mints that were produced in the same
1928, and then again in 1934 and 1935year. This could be more valuable over time, but
Collecting the coins can be a hobby, anit will probably be a bigger up-front investment.
investment, or both. The coins are beautiful,Be sure you know the fair market value of any
portable, easy to store and care for, and theycoin you buy. You can research prices at or using
are a little slice of history that you can hold inthe Official Red Book Guide. And always purchase
your hand - relics of a bygone era.from a reputable dealer. Many beginners have a
You don't have to spend a lot of money to gethard time knowing the condition of coins, which
started. Just get in the habit of sorting throughhas a big impact on their actual value.
the coins you come across every day. You'll be