Coin collection is a very common hobby. This hobby can be formed in any person of any age. He can be a kid who likes collecting old coins and there are even professional coin collectors who collect coins to get financial returns. Apart from this, collecting antique coins can also be a very good form of investment. If you have heard about antique coins then it would be impossible that you have not heard about antique silver coins. Silver antique coins are popular. Let's study these coins of prime importance.
Antique coins are of several types that the collectors of coins desire to collect. There are American antique coins, Roman coins and also antique silver coins. There are not a huge number of silver antique coins that you get to collect. You should know properly where to find them exactly and also know the actual type of coins that produce a good investment.
If you are thinking how to find them, then believe me it is not a very difficult task provided you know where to look. Coins like US Morgan silver dollar are available with dealers and at auctions at prices that are reasonable. It is a good idea to buy at an auction. Here the seller is genuine. If you check e-bay then you can also get feedback as to whether the seller is good to deal with, a power seller, etc. If the seller scores 99% or more he may be considered reliable and trustworthy. You should be experienced enough in bidding to know the tricks of an auction. Buying from sellers at an auction also requires conscientiousness and common sense. First you need to be sure that the seller is reputable. You should see whether he is ready to provide you his contact details in case of any discrepancy in the item. Check the reliability of the details. See whether there is any return policy and also check out the terms and conditions of sales. You should not avoid reading the clauses in the terms and conditions. It would cost you later if you fall a prey to fraud. You should notice all the important points and must check for their trustworthiness when you are making investments in buying antique coins.
If you browse over the net then you can easily locate places where you can get antique silver coins. It may also be good to research before you buy. You should inspect a number of coins and find the ones that would enhance the beauty of your collection. Look for coins that will increase the value of your investment.
Victor Epand
Wednesday, May 27, 2009
The 1921 Morgan Dollar The Last of the Breed
The 1921 Morgan was the last of the magnificent Morgan dollars ever minted. Today Morgan dollars are prized by collectors, but that was not always the case for these legendary coins. The Bland-Allison Act of 1878 paved the way for the creation of the Morgan silver dollars. In 1873 the Liberty Seated dollar had been discontinued, and the silver mining industry was eager for the government to produce silver dollars again to relieve an oversupply of silver created by the rich silver strikes from the Comstock Lode and other mines.
The Bland-Allison Act mandated the government purchase $2-$4 million dollars of silver monthly for coin production. Despite being vetoed by President Rutherford B. Hayes, the bill passed and the Morgan dollar was born soon after.
Designed by George T. Morgan, the Morgan dollar was not popular with the American public. Considered to be too heavy, many also thought the coins were unattractive. The eagle design was considered scrawny and more in the image of a buzzard. Thats why a common nickname for Morgan dollars was "buzzard dollar".
The Morgan dollar survived despite its unpopular status with the public, and saw America through during many exciting changes. From the days of the Old West and outlaws like the James gang to the dawning of the age of automobiles, the Morgan dollar was there to see all the changes America went through.
Morgan dollars survived other setbacks as well. The Pittman Act of 1918 mandated the melting of silver coins for the sale at $1.00 per fine ounce to Great Britian. Under the terms of this legislation, over 270 million coins were melted, many of them Morgan dollars.
The Morgan dollar was minted for the last time in 1921. The Philadelphia Mint produced 44,690,000 Morgans, San Francisco coined 21,695,000, and Denver minted 20,345,000 that year.
The 1921 Morgan was the only Morgan coin ever minted in Denver.
Gone are the days when Morgan dollars are ridiculed and scorned. Like a Phoenix rising from the ashes, Morgan coins survived all forms of adversity and are one of the most popular coins ever minted. Many Morgan dollars can be found in remarkably well preserved condition, and this contributes to the immense popularity the Morgan dollar enjoys today.
William Davis
The Bland-Allison Act mandated the government purchase $2-$4 million dollars of silver monthly for coin production. Despite being vetoed by President Rutherford B. Hayes, the bill passed and the Morgan dollar was born soon after.
Designed by George T. Morgan, the Morgan dollar was not popular with the American public. Considered to be too heavy, many also thought the coins were unattractive. The eagle design was considered scrawny and more in the image of a buzzard. Thats why a common nickname for Morgan dollars was "buzzard dollar".
The Morgan dollar survived despite its unpopular status with the public, and saw America through during many exciting changes. From the days of the Old West and outlaws like the James gang to the dawning of the age of automobiles, the Morgan dollar was there to see all the changes America went through.
Morgan dollars survived other setbacks as well. The Pittman Act of 1918 mandated the melting of silver coins for the sale at $1.00 per fine ounce to Great Britian. Under the terms of this legislation, over 270 million coins were melted, many of them Morgan dollars.
The Morgan dollar was minted for the last time in 1921. The Philadelphia Mint produced 44,690,000 Morgans, San Francisco coined 21,695,000, and Denver minted 20,345,000 that year.
The 1921 Morgan was the only Morgan coin ever minted in Denver.
Gone are the days when Morgan dollars are ridiculed and scorned. Like a Phoenix rising from the ashes, Morgan coins survived all forms of adversity and are one of the most popular coins ever minted. Many Morgan dollars can be found in remarkably well preserved condition, and this contributes to the immense popularity the Morgan dollar enjoys today.
William Davis
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