As a coin collector or investor, you know that silver dollars can be essential to your portfolio. Silver dollars are among the rarest and most valuable coins a collector or investor can own. This article will explore three of the most famous rare silver dollar varieties to add to your collection.
Each has its unique history and worth, making it perfect for investors seeking a physical investment. Read on to learn more about iconic, rare silver dollars so you can decide if they fit with the rest of your investments.
Table of Contents
1 – Morgan Silver Dollar (1878-1921)
The Morgan Silver Dollar is one of the most iconic coins in American history. This alluring coin entices collectors with its striking design. Lady Liberty dons a majestic, flowing headdress on one side. On the reverse side, a mighty bald eagle grasps an olive branch in its talons, a powerful symbol of peace and unity from America’s fledgling years.
First minted in 1878, this coin was named after its designer, George T. Morgan. Due to their rare availability and overwhelming demand, these shiny marvels fetch exceptional value on the market, promising a collector’s prized possession and a wise investment.
2 – Draped Bust Bald Eagle Dollars (1798-1804)
The Draped Bust Bald Eagle Dollars were issued from 1798 to 1804 and were designed by Robert Scot. These coins feature Lady Liberty draped in a cape on the obverse with an eagle on the reverse surrounded by 13 stars representing each of the original colonies.
The history and extreme scarcity of the Draped Bust Bald Eagle Dollar make these rare silver dollars highly sought after by collectors and investors.
3 – Peace Silver Dollars (1921-1928)
Embodying an enduring symbol of a victorious milestone, the Peace Silver Dollar is a captivating tribute to the end of World War I. Crafted by the United States Mint between 1921 and 1928, this alluring coin marries the elegance of Lady Liberty and an American Bald Eagle perched on a mountain range, creating an irresistible collector’s dream.
Despite the tug-of-war between its scarcity and fervent demand, the rare silver dollar’s sublime beauty triumphs. It is a gleaming testament to its symbolic nature and an incredible addition to any investor or collector’s portfolio.
Tips for Investing In Silver Coins
Investing in rare silver dollars can be a profitable and exciting experience. However, it requires strategy and proper research to ensure optimal returns. As an investor, it’s crucial to understand the different types of silver coins available to determine which type aligns best with your investment strategy. In addition, it’s vital to familiarize yourself with data on the spot price, premium, authenticity, and condition of the coins, which will significantly impact their value.
Many investors diversify their portfolios by investing in a mix of silver coins with various weight options, denominations, and designs. Reputable dealers should always be your go-to source, so stick with experienced and well-regarded dealers. Lastly, stay informed on market trends and economic factors influencing silver prices to make well-informed decisions.
Conclusion: Rare Silver Coins Are An Incredible Investment
No matter your budget or collecting preferences, plenty of options are available for those looking for rare silver dollars for their collection or investment portfolio. From classic designs like Morgan Silver Dollars and Draped Bust Bald Eagles to modern designs like Peace Silver Dollars, there’s something here for every collector or investor. With so many great options available, start building your collection today.
