The Silver Dollar Coin - Some Cool Facts And A Small Amount Of History
Go to: Previous Article Next Article
The silver dollar coin is one currency that definitely has a higher content value in silver higher than its actual face value. The amount of silver that it contains makes the silver coins value in itself higher making it a desirable coin to collect and trade in any country.
There are many different types of silver dollars made in the US with different themes commemorating different people, characters and occasions. The silver dollar has become somewhat of a collector's item for many coin collectors.
The US mints the silver dollars in different parts of the country and has been doing so since 1794. A "mint mark" is made on each coin which shows which minting place it originates from. For example, mint marks on coins that indicate "C", "CC", "D", "O", "P", "S", "W" show that the coin was struck in Charlotte, Carson City, Denver, New Orleans, Philadelphia, San Francisco, and West Point, respectively.
Rather than being used for trade, the silver dollar is more of a collector's item and has been replaced by the one dollar bill. In 1971, there was some clamor to mint the silver dollar to use as regular currency again, but this was not such a popular idea with the masses. In fact, a movement called the "Save the Greenback" movement was made to demonstrate the people's view against changing the one dollar currency back into a coin.
Thomas Jefferson's time, Jefferson himself stopped the minting of the silver dollar, especially since it was becoming an exported currency to other countries. Exporting the silver dollar coin meant that other countries would receive it, keep it, and possibly re-mint it because of the high value of silver coins content.
Of all the silver dollars made in the US, the 1804 silver dollar is probably the most sought after and rare coins on the earth. These coins were dated 1803 but were actually struck in 1804. According to records, this coin was created because of a simple error in bookkeeping. In 1834, the US continued to produce more of these 1804 silver dollars to give as gifts to Asian rulers whom they traded with and had established strong trade relations with.
Ever since the first 1804 silver dollar, coins with different themes have been created over the years that followed. To mention a few are the Susan B. Anthony dollar, the Peace dollar, the Seated Liberty dollar, the Sacagawea dollar, the Eisenhower dollar, the Trade, dollar, and the Morgan dollar, among others. To have a silver dollar coin in your collection is definitely something to be proud of considering the weight in history it has aside from silver!
Article Source: Articlelogy.com
- Credit Cards A big selection of Cards in all flavors: Bad Credit Cards, Secured Cards, Prepaid Cards, Canada Cards, Low Interest Cards -
Word Count: 445
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
