Tuesday, March 07, 2006

Old Coin Silver Dollars

Rare and old coin silver dollars are an excellent way of building up a silver coin collection.

Rare coins and old silver dollars have been increasing very well over the past ten years.

In fact the general increase in value is something like twenty percent and much more in some cases.

Some rare silver coins, such as the 1804 silver dollar for example, are worth literally millions.

But we can probably do very well just doing some study and watching out for that special coin that is rare enough to perk our interest and to appreciate in value steadily over a period of time.

Early American Eagles are sure to improve in value and are currently an easy buy. Common dated Morgan silver dollars in BU (Brilliant Uncirculated) condition will generally sell for less than 30 US dollars but, again, these are likely to improve as time wears on as they are no longer produced and more collectors demand to have their own.

It is always a good idea to buy the best quality coins you can afford. This means buying Proof quality or Brilliant Uncirculated coins.

Not long ago, in Dallas Texas, a very rare Nineteenth Century silver dollar (pictured), previously owned by a legendary banker known as the "King of Coins," was purchased for $3.3 million at auction.

Greg Rohan, President of Heritage Galleries & Auctioneers, the firm that handled the sale stated at the time, "The coin is one of only five 1885-dated Trade Dollars made by the United States Mint. The anonymous buyer is a financial services executive and sophisticated art collector who is putting together one of the finest coin collections in the country,"

The record prices for a rare coin is $7.59 million paid by an anonymous bidder in 2002 for a 1933 Double Eagle $20 denomination US gold coin.

So it is possible that one day you might find or own Old Coin Silver Dollars worth millions, and when you do you will probably be a very happy person.

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