Silver Coins Are A Cautious Investment PDF Print E-mail
Written by Dennis Beaman   
Wednesday, 17 March 2010 19:34
In 1986, The United States of American began production of the American Silver Eagle Silver Dollar. Even though these coins are . 999 fine silver bullion, they are not the silver dollars that people are talking about when the topic of silver dollars is brought up. The silver dollars that people refer to are the old ones minted in the middle of the 1800s and early 1900s. America has minted many different types of silver dollars throughout the years, but the best silver coins to invest in is the Morgan Silver Dollar.
by DennisBeaman


In 1986, The United States of American began production of the American Silver Eagle Silver Dollar. Even though these coins are . 999 fine silver bullion, they are not the silver dollars that people are talking about when the topic of silver dollars is brought up. The silver dollars that people refer to are the old ones minted in the middle of the 1800s and early 1900s. America has minted many different types of silver dollars throughout the years, but the best silver coins to invest in is the Morgan Silver Dollar.

Back in 1878, the Bland-Allison Act was passed by the U. S. Congress. This Act authorized the U. S. Mint to begin making the Morgan Silver Dollar. This particular silver collar continued to be minted until 1904 and then again between 1921-1935. Interestingly, prior to 1965, American silver dollar coins were actually silver, not just a base metal with a silver coating.

George T. Morgan designed the coin, considered to be the most beautiful coin that the United States has ever minted. With Lady Liberty on the front and an American Eagle on the back, the coin was Mr. Morgan's masterpiece, evoking the lore of the Old West and America's expansion Westward.

Uncirculated Morgan Silver Dollars are very common because most of them were stored away in vaults up until 1960. To appease the silver mining industry in the 1800s, the U. S. Government minted many more coins than could actually be used. Many of these same coins were re-melted and used to make other coins.

Even though there is an abundance of uncirculated Morgan Silver Dollars, that does not mean they have no value. In fact, the most rare and expensive coin of this kind is the proof coin, which is minted for collections only. The second most valuable coins are the Mint State 65 (MS65) and the Gem uncirculated coins. The Morgan Silver Dollar has . 77344 troy ounces (ozt) of pure silver. That is the same as saying it has . 848574 avoirdupois ounces (oz). The avoirdupois ounce is the standard ounce measurement used in America.

This brings us to why silver dollars are a better investment than gold, platinum or palladium. Most coin collectors hold on to their collections over time; it is rare for collections to be put up for sale. This behavior has meant that the Morgan Silver Dollar has been a stable investment over the past 40 years. Silver dollars are a good choice for individuals looking to diversify their investment portfolios.

Silver is used in many more industrial applications than gold, platinum or palladium. The demand is so great for silver that the supply can not keep up. In fact, the silver mining industry is running short of available above-ground silver to mine. This demand keeps the price of silver growing.

From a practical point of view, collecting Morgan Silver Dollars makes sense. The coins are very easy to store. If you do not have a fireproof vault in your home, they fit nicely in a safe deposit box at the bank. They are also very easy to move from one location to another. No specific equipment is necessary.

Another definite advantage to investing in the Morgan silver coins is that most people can afford to start investing fairly easily. With the exception of the proof coins, this is not the coin of the elite collector. Additionally, if the financial world took another downturn, the coins are legal U. S. Currency and can be used as such immediately. No worry about finding a seller to liquidize assets makes this coin even more attractive as an investment. Collecting silver coins as an investment is a wise and prudent financial move that will hold its value for years to come.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

Find out about the advantages and benefits of purchasing silver coins as an investment now! You can begin collecting silver dollar coins and build an investment for your future fast and easy!