The United States Silver Dollar Coin

On and off since the late seventeen-hundreds, thePhiladelphia, Pennsylvania, (P), New Orleans,
United States has produced a wide variety ofLouisiana (O), Carson City, Nevada (CC), San
dollar coins. Made of various metals at differentFrancisco, California (S) and Denver, Colorado (D).
points, including gold, silver, copper and nickel, theyIn the history of United States coinage, it is
have been a popular denomination with both theinteresting to note that silver was in many ways
general public and coin collectors alike. Without aas valuable as gold, and was just as difficult to
doubt the most popular U.S. dollar coin is the silvercome by. This is the reason that you will find that
dollar. For generations the silver dollar has held thethe production numbers were quite limited due to
interest of not only coin enthusiasts, but alsothe difficulty in obtaining silver. When the value of
those who invest in precious metals.silver had risen to a point that it made the
Generally speaking, silver dollars are made up ofproduction of silver dollars financially impractical, a
approximately 90% silver with an additionalhalt was placed on the production of the coins.
amount of copper added to give the coin addedThis was the case between the years of 1804 up
durability. As there was a short period of timeuntil 1836.
when the content of silver in the coins wasProduction did not resume in full until the
increased by a small amount in order to competediscovery in Nevada of the Comstock Lode in
with foreign coins that had higher silver content.1850. The finding of such a large deposit of silver
These coins were not generally considered to behastened the production of silver coins within the
circulating coins within the United States, andUnited States. Eventually, even the massive
came to be known as Trade Dollars. During timesdeposits found in Nevada began to dwindle,
of a shortage of the raw silver that was need tocausing another slow down in production until
produce the coins, the amount of copper nickel1904. The silver melt of 1918 once again
used was increased to as much as 60% of theincreased the availability of the raw materials
total content.needed, although even this was somewhat
Silver dollars have been minted at six facilitiestemporary in nature, as silver shortages seemed
including the mints in West Point, New York (W),to come and go as the years went on.