The Interesting Record of The American Eagle Silver Coins Along With Its Changing Values

The denominations that existed for the American Eagle Silver Coin in legal tender were as follows: 3 cent, half-dime, dime, 20 cent, quarter, half dollar and dollar. One of the most desired items for a collector today is the American Eagle Coin. The most famous piece is the Morgan Silver Dollar. One of the most desired items for a collector today is the American Eagle Silver Coin. The Morgan Silver Dollar has more popularity than other coins.

This coinage is giant and sumptuously colored. 3 out of the above discussed 7 denominations are out of fashion; these were the 3 cent, the half dime, and the 20 cent. The purpose of the 3 cent coin was to simplify the postage of 3 cent stamps. They were also the smallest coin in size to ever be minted. The 20 cent piece was too similar to the quarter, and lost recognition.

Of the 4 years when the American Eagle Silver Coins were minted, in the 2 latest years, only collectors versions were generated. Silver was seen as a top of the line, rare metal and was a big part of the trading industry. In the early years of US coinage, the dear metal was infrequent, and at times was even more valuable than gold. Due to the metal's scarcity, the silver dollar coins were not produced from 1804 to 1836. The coins were not pure silver in most years. The silver coin touts a complete one hundred percent silver that totals a full troy ounce. It wasn't intended to be used as money. It will always maintain a value of at least five times its face value. Hoarding occurred at the start when raw silver was worth more than the coin price. Thus it happened that the dollar rose in value and surpassed even the worth of the metal used to manufacture the coin. There was a large amount of silver melted down in 1918, this the coins were produced again in 1921. Philadelphia, West Point, and San Francisco were the only mints across the United States where the silver eagle coins were minted.

The most freely available silver dollar coins are the Morgan and the eagle. Since they are comparatively cheap, many of us can afford to collect these. There are however, certain dates of production that may raise the value of the coinage. Coins with the most valuable dates were the ones that bore the following: 1889 and 1893 Carson Town; the 1893, 1895, and 1903 New Orleans; the 1893, 1894, and 1895 San Francisco; and the 1893, 1894, 1895, 1899, 1921,1928 Philadelphia; and also the 1995 West Point. With a possibility of a value of a least $11,000 in mint condition, the 1895 'P' is one of the rarest.The most valuable dollar coin is the 1893 "S" with a value, in its best possible condition, of over $250,000. Higher percentages of silver are being integrated into coins and other currency on an international level. It is interesting how the cost of a metal varies from country to country. To find out more go to http://www.coinonlineblog.com/values/us-coins/silver-coins/.