Pictured above are the MOST COMMON U.S. Minted Silver Dollars that are actually Silver. Of course more rare varieties such as the Trade Dollars, and Seated Liberty Dollars do exist and were minted by the U.S. Government. But for the purposes of this blog post we are just going to focus on the 3 most common varieties that the general public refer to as "Silver Dollars" We will also touch on another Coin commonly mistaken as being Silver, and is not.
Example #1 - THE MORGAN DOLLAR -- 90% SILVER
The Morgan Dollar was a United States Dollar coin minted from 1878 to 1904, and again in 1921. It was the first standard silver dollar minted since production of the previous design, the Seated Liberty dollar, ceased due to the passage of the Coinage Act of 1873, which also ended the free coining of silver.
Millions and millions of Morgan Dollars were minted. Most are very, very common, and in circulated condition are worth close in relation to their Silver value, and do not hold any kind of numismatic or collector value. But RARE ones DO exist! What makes the Rare Morgan Dollars Rare are low mintage production numbers. At Texas Gold and Silver Buyers of San Antonio, we will always take the time to identify any key dates or rare dates you may have! While most of these lower mintage Morgan Dollars will be from the Carson City Mint, other low mintage Morgans do exist and can be referenced below:
Example #2 - THE PEACE DOLLAR -- 90% SILVER
The Peace Dollar is a United States Dollar coin minted from 1921 to 1928, and again in 1934 and 1935. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace. ... It was the last United States dollar coin to be struck for circulation in silver.
Just like the case with Morgan Dollars, millions and millions of Peace Dollars were minted. Most are very, very common, and in circulated condition are worth close in relation to their Silver value, and do not hold any kind of numismatic or collector value. But RARE ones DO exist just like the Morgan Dollars! (Particularly the 1928 Philadelphia Minted ones) Peace Dollars are 90% Silver just like Morgan Dollars, but generally are not as highly regarded as Morgan Dollars. At Texas Gold and Silver Buyers of San Antonio, we will always take the time to identify any key dates or rare dates you may have!
Example #3 - THE SILVER EAGLE -- 1 Oz. 99.9% SILVER
The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver.
Silver Eagles are a bullion coin and directly valued according to the current market price of Silver (Spot Price). Proof versions are minted and do exist, and command a slightly higher premium than the 1 oz. of Silver they are composed of. These Proof Versions will be in a felt U.S. Mint Box with a Cardboard Outer Box and COA, while non Proof Silver Eagles are sold individually, in tubes of 20 or in "Monster Boxes" of 500.
At Texas Gold and Silver Buyers of San Antonio, we are ALWAYS buying All Gold, Silver and Platinum Coins and paying TOP DOLLAR. We will always take the time to look through your coins and ensure you are alerted to any key dates or key mints (Low Mintage Coins).
Please see below some information regarding one of the most commonly mistaken coins that are NOT Silver.
Eisenhower Dollars are Commonly Mistaken as "Silver Dollars"
99% of the time any of these Eisenhower Dollars that are in Circulation are going to be Clad Coins (Cupro-Nickel, copper & nickel blend containing no Silver).
The 40% silver version of the Eisenhower dollar was issued as a collectible only, they are generally not found in circulation. The best way to distinguish the two versions is by weight. The copper-nickel version weighs 22.68 grams, the silver Ike dollar weighs 24.59 grams.
These 40% Collector Versions are referred to as "Blue Ikes" or "Brown Ikes" and were packaged in U.S. Mint packaging. You will see why they are referred to as "Blue" and "Brown" by the Pictures Below:
Sometimes these have made their way into circulation, but it is very rare. The easiest way to know whether you have a Clad Eisenhower (Ike), or a Silver Eisenhower (Ike) is to look on the coin's edge and if you see a copper color band, you know this is not a Silver Eisenhower! Or weighing them as stated above is always a sure way to know.
We hope this Texas Gold and Silver Buyers of San Antonio Blog Post has been informative and we hope to be your choice when looking to sell your Gold, Silver, Platinum and Palladium in San Antonio, Texas! We Buy Coins, Jewelry, Scrap Gold, Scrap Silver, Sterling Silver, Bullion, and Dental Gold. Bottom line if it is Precious Metal, WE BUY IT!
Thanks for stopping by our blog. My name is Evan and I am the owner of Texas Gold and Silver Buyers in San Antonio. From time to time I will post blog entries to help educate and inform our customers and potential future customers on all aspects of Precious Metals (Gold, Silver, Platinum & Palladium!)