As a coin collector, you’re always looking for rare coins to add to your collection.
However, with so many types of silver dollars available, it can be challenging to know which ones are worth investing in.
To help you get started, let’s explore some rare silver dollars on the market.
The Morgan Dollar
Few rare silver dollars come close to the Morgan dollar regarding rarity and value. Minted from 1878-1921, this coin features a profile of Lady Liberty surrounded by 13 stars with “E PLURIBUS UNUM” inscribed along the top. The obverse side features an eagle holding arrows and an olive branch with “UNITED STATES OF AMERICA” written above its head. It is widely considered one of the most beautiful coins ever created, making it an excellent choice for any serious collector.
The Flowing Hair Dollar
The first official silver dollar issued by the United States Mint was the Flowing Hair Dollar in 1794. This coin is highly sought after because of its rarity; only 1,758 were minted in 1794, and another 1 million were made in 1795—most of which have since been melted down or lost due to wear and tear over time. The obverse side features Lady Liberty with long flowing hair, while the reverse has an eagle with wings outstretched and a shield across its chest above two crossed branches.
The Trade Dollar
Another rare silver dollar is the Trade Dollar, which was minted between 1873 and 1885. It was initially meant as a way for US merchants to trade goods overseas without worrying about exchanging currencies or dealing with tariffs during international transactions. While not as aesthetically pleasing as other coins, it still maintains a certain amount of value among collectors due to its rarity and historical significance. The obverse side features Lady Liberty facing left while wearing a Phrygian cap, while on the reverse, there is an eagle perched atop two bundles of arrows above a wreath that holds three shields together at their base.
The Peace Dollar
The peace silver dollar coin was first issued in 1921 as a tribute to the end of World War I and has remained popular ever since. This coin is especially desirable among collectors, who appreciate its unique features, such as the large “V” shaped olive branch symbolizing peace on one side and an eagle with outstretched wings on the other.
Besides their rich symbolism, these coins are also valued for their scarcity – over 1.75 million were minted in 1921. Still, millions more have since been melted down or damaged, thus driving up their rarity factor for collectors. However, the peace silver dollar coin remains a highly desired item among collectors for its sentimental and market value.
Conclusion: Invest In Silver With A Silver Dollar Coin
Rare silver dollars can be great investments for any coin collector looking to add something unique and rare to their collection. Whether you choose a Morgan dollar, Flowing Hair dollar, or Trade dollar, these are all excellent options that will provide plenty of value for years to come. However, it’s important to remember that prices for these coins vary significantly depending on condition and scarcity so make sure you research before investing in any rare silver dollar.