While collecting silver dollars is certainly a popular hobby, few casual collectors really seem to know what to look for.Avid numismatists and investors, on the other hand, are more than well aware that it is the rarity of a coin that gives it its value.While it is certainly true that early silver dollars were once valued more for their content than their rarity, this is no longer the case.
In the early days of silver coins, silver actually experienced a period during which it was rarer than gold.During many of these years, silver coins were not even minted.It was during this period that many of the silver dollars that had already been minted, such as Morgan Dollars, were melted down so that the silver could be reclaimed.Once the Comstock Lode was found in 1950, the production of silver coins began anew, but by then many of the world’s existing silver dollars had already been melted down.This is a large portion of the reason that Morgan dollars are so valuable today.
Morgan dollars were minted in a total of five different locations throughout their production run.Among the rarest are the 1893 San Francisco Morgan and the 1895 Philadelphia Morgan.When it comes to the value of these silver dollars, the number of coins minted and the number known to remain in existence are certainly among the biggest factors.The condition of the coin is also an important factor, as the high the condition, the higher the price.Coins such as the 1893 S and the 1895 P command high prices even in Fine condition, but can garner staggering amounts when the condition is even greater.
If you collect silver dollars, you are certainly urged to study which years and mint locations are the rarest and most collectible.This can help you get the most for your investment dollar.Whether you are hoping to display your coins in a case at home or in shows or to save the coins as an investment for the future, holding some of the rarest silver dollars in the world is certain to be the best option.These coins have skyrocketed in value throughout their history, and because they only increase in rarity, these values are expected to keep rising.Coin collecting offers benefits in many different ways, and these exceptionally rare coins are certainly any collector’s dream.