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/.

What Is New About The Rehubbed Silver Eagle Coin?

Liberty, enveloped in the American Flag's folds, in full walk, with right hand extended, and holding oak and laurel branches in her left, is featured on the American Eagle Silver Coins obverse. Minted on specially varnished blanks, the American Eagle Uncirculated Coins have a finish similar to their bullion opposite numerals, but possess the "W" strike mark, confirming their creation at the U. S. Mint located at West Point. The coin comes in a protective plastic covering inside a blue case and each coin comes with a Certificate of Veracity signed by Edmund C Moy, the director of the U. S. Mint.

In order to allow alterations in the planning of the American Eagle Silver Coins, the U. S. Mint has to make a new hub. To fashion new dies, a hub that contains an image that is raised, or contains a relief of the design of the coin, is impressed into the steel. Used in the particular striking of coins, dies contain an image of the design of the coin that is incused.

This year, NGC believes, the US Mint transitioned from standard engraved hubs made of reducing a hand engraved galvano to laser engraved hubs.

During the transition process, often referred to as rehubbing, some design changes were implemented that focused on the lettering that appears on both sides of the coin.

The fields are filled with skinnier and taller letters on the 2008 Silver Eagle, more so than in previous years. On the reverse, one of the clearest differences from prior years can be discovered in the stars above the eagle.

The 2008 issue, naturally, isn't alone in design changes. The most blatant is a change to the finish of these coins which goes from a glossy surface used early in the series to the matte finish of today. Even though the coins have similarities from year to year, it is great for collectors to know that they can predict small changes that can only be noticed by a consultant.

Be highly aware of counterfeits when investing in American Eagle Silver Coins. Authorized Collectibles Group / NGC VP Scott Schechter and PCGS President Don Willis made the statement that both authentication agencies have purchased fake coins and dies for investigation purposes and to take them off the market. There has been noted a surge in the amount of counterfeit coins received by both firms, even though they have been working for the removal of fake auction lists. NGC has begun putting out notice with remitted counterfeits reminding submitters it is against the law to sell false items or facsimiles that are not marked with the word "copy", and PCGS will follow suit with a similar warning to submitters.

There seems to be an influx of counterfeit coins from China. They are known for making fake designer goods, so I guess it should come as no surprise to anyone that they also pay attention to the collectible coin market. The best prevention for false coins is to gain expertise about collectible, rare and valuable coins so that you have the arsenal to recognize a fake at once.