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$24.95
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Double Eagle

Chet Atkins, Hank Snow "Under The Double Eagle"

The Very Vast Moving World of the Silver Dollar Value   by Gareth Bray

The silver dollar is a term used for any coin which can be basically described as white metal coin with a value of a dollar although some purists in numismatics would like to disagree and consider a coin only as a silver dollar when it does contain the metal. The Coinage Act of 1792 authorized the production of dollar coins from silver. The U.S. Mint then produced silver dollar coins from 1794 to 1803 which was halted only to resume production in 1836. The first silver dollar about 1,758 pieces were coined in October 15, 1794, were immediately delivered to David Rittenhouse, Mint Director for immediate circulation but was limited to dignitaries only.

The designs or kinds of silver dollars at that time are; in obverse the Flowing Hair (1794-1795) and the Draped Bust (1795-1804) and the reverse for the Draped Bust variety is the small eagle (1795-1798) and heraldic eagle (1798-1804). The original silver dollars of this time are highly prized by collectors as the practice of hand engraving has made quite a number of varieties in the first ever widely circulated silver dollar. The 1804 silver dollar is the most famous and the rarest coin in the world. Although no coin bearing the 1804 year were ever struck in 1804. The silver dollars of 1803 were struck in 1804 but a mistake in the die has had it bearing the year 1803. In 1834 the U.S Mint produced coins for gifts to rulers in Asia since the last mintage of coins were in 1804 they used the 1804 date not realizing that they were creating a rarity since no coin was produced in 1804 ever bore the 1804 imprint. There are about 15 pieces 1804 silver dollars known in existence. This kind of rarity creates a drive up on the silver dollar value for coin collectors. The most common silver dollar meanwhile is the Morgan silver dollar minted in 1878-1905 and 1921.

The silver dollar value for one of the rarest silver dollar coins of 1804 was auctioned of at a staggering price of 4.14 million dollars in August 30, 1989. The Morgan Dollar, although considered to be common could still rack up a price of a million dollars in an auction, especially the 1893-S type. The common Morgan silver dollar value is estimated to be at 100 today. Another silver dollar that has quite a value among collectors is the 1921 Peace dollar minted for the commemoration of the peace agreement of Germany and Austria after World War I. The peace dollar just like the 1933 10 gold Double Eagle is illegal to own and would be confiscated although is rumored to still be around with some collectors. There are seven kinds of silver dollars namely; Flowing Hair (1794-1995), Draped Bust Small Eagle (1795-1798), Draped Bust (1798-1803) 1804 not a regular issue, Gobrecht Dollar (1863-1839), Seated Liberty No Motto (1840-1865), Seated Liberty with Motto (1866-1873), Trade Dollar (1873-1878, business and proofs struck) (1879-1885 proof only), Morgan Dollar (1878-1904,1921), Peace Dollar (High Relief 1921), and Peace Dollar (Low Relief 1922-1928,1934-1935). Silver Dollar Values today could start for as low as 18 to millions of dollars as what was mentioned.

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