Starting a silver coin collection is a great hobby that you will quickly find yourself addicted to. There are several different coins which can be collected so it is a great idea to pick something like silver coins to focus on when you are just starting out. This will prevent you from getting overwhelmed.
When individuals think about silver coins this is easy to assume this includes all nickels, dimes, quarters, half dollars, and dollars. They’re all silver in appearance so it’s not hard to imagine why persons would think of them in that regard. In reality, many of these coins are not really silver at all. Actually, most of the coins created today don’t even contain any silver as it cost too much money to make each coin.
To determine the kinds of silver coins for your collection which are available you will have to do some research first. Spend some time getting to know the different types of coins which are out there and learn the details connected with each one. Realize the levels of grading that are associated with each coin to help you get a better understanding of the overall value that each coin has.
Several Types of Silver Coins You Can Collect
Half dollars are good silver coins to collect. The United States Mint began making this coin way back in 1794 which were then called the Flowing Hair Half Dollars. Several different kinds of the half dollar were minted between 1794 and 1964. During this period of time these coins were made from 90 per cent silver.
Many people will find that collecting the earliest half dollars will not be an easy job. Coins from the 1700s and 1800s could be pretty worn out which decreases their value. Even in this worn out condition old silver coins like this can still cost a small fortune.
Another common silver coin to collect is dollar. Just like the half dollar, production of the silver dollar began in 1794. There are a variety of various versions of the dollar and up until 1971 they were produced with a large amount of silver in them. An important things you need when you are collecting coin are coin counter machine and electronic coin sorter that can help you to count your coin collection.
When the united states Mint started creating the Eisenhower Dollar in 1971 they stopped making use of silver as its key ingredient. There were a couple of years where the mint produced special versions of this dollar but they were limited in release and aimed specifically towards silver coin collectors.
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