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  • Dollar Silver Coins Worth More Than Face Value 0 comments
    May 27, 2013 12:47 PM

    Long before Pink Floyd proclaimed "Money it's a hit," humans figured it out on their own. For centuries man has been fascinated with the almighty dollar in all its forms. However, individuals who stumble across dollar silver coins in their loose change should think twice before putting them back into circulation as some dollar silver coins are worth much more than face value.

    Since the Coinage Act of 1792, the United States Mint has produced a variety of the legal tender both in paper gold coin, silver coin and other varieties. Some dollar silver coins featured Presidents others had historic figures; the most current crop of dollar silver coins in circulation feature a tribute to a variety of President's throughout American history. Those lucky folks who find dollar silver coins with mint dates prior to 1965 can end up with options worth far more than the $1 face value.

    From the very first government minted coins, until changes were made to the materials used in 1964, dollar silver coins were comprised of over 90 percent real silver. It was because the cost of silver rose to a level that made a $1 coin be worth more than its' weight. That is why consumers who find silver coins including dimes, quarters and dollar silver coins in circulation should pull them aside as the silver weight will exceed the face value.

    However, silver weight is not the only factor that can cause dollar silver coins to be worth more than the minted value. Numismatists (aka coin collectors) also value the rarity of a coin, mint (both location and year), condition and history. That is why in 2013, an extraordinary 1794 dollar silver coin sold for nearly $10 million dollars. This unique dollar silver coin was the very first of its' kind struck by the nation's mint, and the Flowing Hair design is a beauty!

    While that record price is far out of reach for most, there are plenty of dollar silver coins worth more than face value out there and within reach of the average Jane or Joe. One coin dealer, Merit Gold, offers some of these rarities for sale including Morgan silver dollars, Peace Dollars and other affordable trinkets of American history.

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