Rare Silver Dollars: Why New Coin Collectors Have to Have Them
Coin collecting can be more than just a hobby. Collectors who add rare silver dollars to their collections may also be building wealth. Rare silver dollars bring an addictive allure to collecting. The thrill of the chase and the bigger thrill of a good find leaves many new collectors chasing after rare silver dollars for their prize.
So, what’s the big deal you may ask? Well, there are multiple attributes that make rare silver dollars some of the most exclusive prizes for new collectors. There is nothing like adding one of these babies to your collection for the first time. Rare silver dollars are simply exquisite and new collectors marvel at their status.
Here’s why new coin collectors often have to have rare silver dollars in their collection.
The Best Gold Alternative
Rare silver dollars make one of the best gold alternatives whether collecting or investing. They are economically appealing because rare silver coins can be relatively affordable for the new investor who hasn’t yet built a great deal of wealth. Silver has historically performed well as a commodity making it a solid investment strategy, but collectors love rare silver dollars because they build value.
Historical Relevance
Rare silver dollars have been minted on and off throughout history, so they tell the story of our country. Each individual coin has a story to tell, and rare silver dollars altogether paint the story of our nation’s heritage. Rare silver dollars were the first dollars ever minted in the United States back in 1794.
The first major disruption to the supply chain of rare silver dollars was the Coinage Act of 1873, only to see production resume just a few years later. Multiple laws and several years later, production of rare silver dollars was suspended in 1904. The silver Peace Dollar was minted in 1921 and all silver dollars minted since 2012 have only been commemorative.
Size and Beauty
Rare silver dollars are some of the most widely collected coins for their size and beauty. Rare silver dollars are over-sized coins which allow for collectors to marvel at their rich detail. They are heavy in the hand and of significant weight. Most rare silver dollars are at least 90 percent silver and crafted for historical relevance, so owning one is like owning a little piece of history. The details on the coin are not only there for beauty but they tell the coin’s story. Rare silver dollars are also some of the most liquid investments in the modern coin market, making them a coveted collectible among new collectors.
Collecting Rare Silver Dollars Today
Rare silver dollars are among the most coveted by new coin collectors. They’re great historical pieces, minted for their relevance and beauty. Rare silver dollars are an economical choice for the new investor, typically more affordable than gold and they hold their value well. Silver has performed historically well as a commodity giving new collectors peace of mind about seeking out rare silver dollars. Each new addition tells a story, allowing collectors to marvel at their beauty. Rare silver dollars are a must have for new coin collectors.
