Rare Silver Coin Buying Guide
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The Value of Silver CoinsMany coin collectors appreciate that silver dollar, silver half dollar, silver quarter, andsilver dime coins may be worth many times their face value on the market. These coin examples contain 90 percent silver, which gives them a high silver content and affects their monetary value. Types of Silver CoinsCoin collectors can find four basic types of silver currency coins. These types are silver bullion coins, numismatic silver coins, semi-numismatic silver coins, and pre-1964 junk silver coins. Silver Bullion CoinsIndividuals who invest in silver usually acquire silver bullion coin items. These coins have a silver fineness of 0.999 or higher. |
Numismatic Silver CoinsCoin collectors purchase most numismatic silver coins. These U.S. coins typically have three layers of value, which are dealer profit, metal content, and numismatic premium.
Semi-numismatic Silver CoinsThe value of these coins depends greatly on their semi-collector coin value. The most important determinant of their value is the purity of their silver bullion content.
Pre-1964 Junk Silver CoinsThis group consists of less valuable and old Morgan dollars, quarters, and any other aged coins that contain silver. These coins often have the least value of the silver currency coin types.
Rare Silver Dollar CoinsMany elements determine the value of U.S. silver coins. Considerations include a coin's date, mintmark, condition, errors, and whether or not an owner cleaned the currency. Original silver coins are worth considerably more than coins that collectors have cleaned.
1893 S Morgan Silver DollarWhen considering valuable U.S. silver dollars, many collectors believe that the 1893 S Morgan silver dollar is the most valuable design of the silver dollar styles. The silver coin has a $1 face value and its silver weight is 0.7735 ozs. The total number of these coins produced was 100,000. The coin is 90 percent silver and it has an S mintmark.
1901 Morgan Silver DollarThe 1901 Morgan silver dollar is a popular coin with collectors. This Morgan silver dollar features a silver weight of 0.7735 ozs.. Its face value is $1, and the 90 percent silver currency has no mintmark. There were 6,962,000 coins of this style produced.
Grading Silver Morgan DollarsCoin enthusiasts may enjoy learning the art of grading coins. This skill takes time to achieve, but it can be fulfilling for collectors to understand how to gain the ability to determine coin conditions and make sound judgments regarding their value.
Highest Grades of Silver Morgan DollarsGrade AbbreviationsCharacteristicsMint state-65
MS-65 or MS65
Mint luster is brilliant and completely covers the coin's surface
Mint state-63
MS-63 or MS63
Hairline scratches, bag marks, and contact marks are visible
About uncirculated
AU-55 or AU55
Few traces of wear are visible, mostly on coin's highest points
Extra fine
XF-40 or XF40
Wear is noticeable on Lady Liberty's ear or forehead
Very fine
VF-20 or VF20
Coin's feathers appear distinct but worn, and wheat grains and cotton leaves also show minimal wear
Although a Morgan silver dollar contains a large amount of silver, striking the U.S. coin may be somewhat difficult. The Morgan dollar is a large-sized coin and there are times when the hair located above the upper portion of Lady Liberty's ear does not fully strike up. Some collectors may confuse this anomaly with wear of the coin, but this may be an incorrect assumption.
How to Buy Rare Silver Coins on eBayShoppers can use eBay to find good deals and learn about the features of rare silver coins when they select these currency items. The website's sellers offer merchandise photographs, which can assist buyers who are interested in seeing the wear and luster of rare silver coins before they purchase them. Serious coin collectors should understand the grading rules and characteristics of silver coins so that they can make informed purchasing decisions when they view the silver collectibles. It can be fun collecting currency, and learning how to grade rare silver coins can help a consumer avoid making costly purchasing mistakes.
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