Since the first days of America, the silver coin of choice has been the dollar. They have symbolized the lasting strength of the United States for over 200 years. American dollars made from silver are still bought by new and veteran coin collectors of all ages. They are not only beautiful works of art, they have a rich history being stuck in silver dollar mints across the country.
Silver has always been a form of currency that has stable valve and is transportable. Gold coins are too small for their worth and copper has been too cheap. This has made silver the preferred coin metal of trade around the world and America has always minted silver dollars. These large, round pieces of metal actually started out being worth their weight in silver, being more than 90% pure silver very soon after the American revolution ended. The earliest dollars made from silver were stamped from hand engraved dies so there was a lot of variation of design from coin to coin. These changes appeal to collectors.
As the years passed, prices of silver climbed and far outpaced the value of gold. American silver dollars were being refinanced and melted to exchange for gold. This forced the American mint to stop striking silver dollars until things turned around in 1835. The silver exchange eventually settled down and silver priced dropped. There was a renewed call for the silver dollar. This welcomed the advent of the Liberty silver dollars.
The first design was the fired Liberty, designed by Christian Gobrecht. The design for the imprisoned Liberty silver dollars was so popular that it was used on almost all of America's silver coins of that era. This favorite design lasted until it was replaced in 1878 by the now famous Morgan dollar. These coins took advantage of the large silver strikes in the American west and soon the country was glutted with silver, driving it's value down. This caused the mine owners to lobby Washington to make it mandatory for the US Mint to back each bank note with a silver dollar to insure its worth. That is why there were so many dollars in circulation in the middle of the 1900s.
The value of Morgan dollars have kept them the easiest ones to collect. There were so many of these stuck in 5 different silver mints across the country that there are many variations of series and dates to collect. Beginning coin collectors will do well to start off with a good grouping of Morgan American dollars valued at today's prices.
For collectors today, the Internet has made coin collecting even easier than ever. With the click of a mouse, you can find uncirculated silver, American silver eagle dollars and Eisenhower dollar values from many dealers' sites. You can even buy them from another collector for yourself online. It is the best way for a novice or an experienced coin collector to essence their enjoyment and satisfaction of an appreciating investment when done right.
Especially with the world's uncertain economy and the rising value of silver, this is one of the best times to start an American silver collection for your enjoyment and your future.