American Silver Dollar Estate Auction
As one of the most popular coins in American history, Morgan Silver Dollars hold a special place in the hearts of collectors and investors alike. These coins, named after their designer George T. Morgan, were minted from 1878 to 1904 and then again in 1921. They were the first standard silver dollar minted since the Seated Liberty Dollar was discontinued in 1873.
The history of silver dollars in the United States dates back to the country's founding. The first American silver dollar was minted in 1794, just five years after the United States Mint was established. These coins were made of 90% silver and 10% copper and were roughly the size and weight of a modern-day Eisenhower dollar.
Silver dollars were popular for a number of reasons. They were a convenient way to store wealth, as silver was a widely accepted form of currency at the time. They were also used in international trade, as silver was a valuable commodity that could be easily transported.
However, the popularity of silver dollars began to wane in the late 19th century. The country was experiencing an economic downturn, and the price of silver had dropped significantly. As a result, the government began to limit the production of silver dollars in favor of other forms of currency.
This changed in 1878 when the Bland-Allison Act was passed, requiring the government to purchase large amounts of silver each year and mint it into silver dollars. The Morgan Silver Dollar was born out of this act and quickly became a beloved coin among collectors.
The Morgan Silver Dollar features a profile of Lady Liberty on the front and an eagle holding arrows and an olive branch on the back. The coins were minted in Philadelphia, San Francisco, New Orleans, and Carson City, and each mint had its own unique markings on the coin.
In 1921, the Morgan Silver Dollar was briefly minted again, but then discontinued in favor of the Peace Silver Dollar. Today, Morgan Silver Dollars are highly sought after by collectors and investors alike, with some coins selling for thousands of dollars.
While the Morgan Silver Dollar is a classic coin, modern bullion products like American Silver Eagles have also become popular in recent years. These coins were first minted in 1986 and feature an updated version of the Walking Liberty design that was used on half-dollar coins from 1916 to 1947.
American Silver Eagles are made of 99.9% pure silver and are highly collectible. In addition to the standard bullion coins, the US Mint has also produced special edition coins featuring unique designs and finishes.
Buying coins at auction can be a great way to build a collection or invest in precious metals. The Silver Dollar Estate Auction at Gallery 63 is an opportunity to purchase rare and unique coins at competitive prices. With a focus on Morgan Silver Dollars, this auction is sure to attract collectors and investors alike.
Not only are the coins themselves valuable, but they also hold historical significance and can serve as a tangible piece of American history. Whether you are a seasoned collector or a newcomer to the world of coin collecting, the Silver Dollar Estate Auction at Gallery 63 is an event not to be missed. So mark your calendar for March 29th and visit gallery63.net to register and bid on these beautiful coins.