silver dollar coins

Picking Silver Dollars For Your Coin Collection

seated_liberty_dollarPicking silver dollars for your coin collection can be a time consuming process. You have to find a place that sells silver dollars and then you have to painstakingly browse through the available coins that they might have. It is possible that the one silver dollar you need to finish off your coin collection might be difficult to find or be extremely expensive.

peace_dollarThere are other great ways to find silver dollars for your coin collection though. Try browsing through the coins that might be available on an internet auction site like eBay. Instead of being limited to just the coins that one particular store has, look through a whole bunch of coins. Maybe you will be able to locate the one that you need at a reasonable price.

Make sure to pay special attention to items that you do buy online. Pictures can be deceiving and you do not want to be disappointed when your silver dollar arrives for your coin collection.

Reasons To Add Silver Dollars To Your Coin Collection

morgan-dollar
One great reason to collect silver dollar coins is because they can be worth a great deal of money. The price of silver has gone up quite a bit which has directly affected the cost of silver coins. As the price of silver continues to go up the value of the coins that you have will appreciate over time.

Another great thing about collecting silver dollar coins is that they always have a value. You can always buy something else with the silver dollar in your collection whereas you can’t simply walk into a store and buy a pack of gum with an action figure that you have been collecting.

silver-american-eagleSilver dollar coin collections are great to pass down through generations. Start collecting all of the silver dollars that you can get and then pass it on to your child. They can add more coins to the collection including the most recent coins as well. Eventually someone is going to have a pretty impressive collection of silver dollar coins that is going to be worth a great deal of money.

Whether you are collecting gold coins or silver, it is fun. Watching your collection grow over time can be extremely satisfying. While it might be tedious to get started with a silver dollar coin collection over time you will grow to love it. Looking at the little details of the silver dollars will be fun instead of a strain on your eyes.

A Few Dollar Coins Worth Adding To Your Coin Collection

There are so many options available to you with dollar coin collecting that you would be hard pressed to identify the better dollar coins that are worth collecting.

Early Silver Dollars were minted to replace the Spanish Eight Reales and Spanish Milled Dollar coins that were freely circulating in the newly-formed United States. These large, heavy silver coins were in great demand in the early days of our nation and supply could barely match the demand.

The Flowing Hair Dollar was made in only the second year after the start of US Mint operations and was available in limited numbers with them being produced only for a couple of years with only about 162,000 coins in all. It was later replaced with the Bust Dollar that was minted in the middle of 1795. However, the Flowing Hair dollar is much sought after and its value is very, very high. The first struck 1794 Silver Dollar is currently valued at $10 million dollars.

More on A Few Dollar Coins Worth Adding To Your Coin Collection

Fresh Mint Silver Coins

I watch CNBC practically every morning. It has become a daily routine for me. It is only one of my channels of information. During breakfast, whether it is cereal, waffles, eggs and bacon or a bagel with cheese, I read my morning newspaper with my left eye and watch the stock market reports on CNBC with my right. I sometimes switch to the Chicken Noodle Network (CNN) for some news of the day.

This morning, CNBC reported that the U.S. Mint has sold four times more American Silver Eagle dollar coins than last year. Did they mean that there has been a 400% increase of sales in just the first three months of this year, compared to the same time last year or is the comparison to the whole year.?

I have been keeping my own statistics since September 22, 2010. On that day Silver sold for $21.04/oz. On that day, Silver was in a ratio to Gold of 61 to 1.

Yesterday, March 30, 2011, Silver closed at $36.98. That is an increase of about 43% since September, 2010. Now the ratio of Silver to Gold is 38 to 1.

Can you achieve these results with your IRA or 401K? I doubt seriously this gain could even be achieved in the stock market., unless you bought into some new wonder stock!

On CNBC, their very short comment was that ‘the little man’ is buying American Silver Eagle dollars as his method of saving, shouldn’t you?

There are many ways and means of buying and saving Silver. Some companies want to sell these Silver dollar coins at prices between $125 to $200 a coin. They call them numismatic collectables. The only buyer you will ever find for those coins is a collector or maybe a coin dealer. These coins are certified as MS70.

I believe if you can afford about $70 a month for an American Silver Eagle dollar coin, you are better off! I propose that you look at what I have to offer. The program that I am involved with is not the typical MLM (multi level marketing) program. In short, you purchase one Silver dollar a month and sell two or more people on the same idea. For every two you sign up, you receive one free Silver Eagle.

Figure that out! Your one plus the one you receive makes your coin cost about $35. If you sell four and get two, then your cost is about $23.40 each. Wow, and Silver is now over $37/oz.

Try this program and you will soon see and realiuze more of a gain than you would in the stock market.

Article Source: http://www.articlesbase.com/investing-articles/fresh-mint-silver-coins-4506501.html

About the Author

Author: Peter M. Olsen
I am 72! I lived and worked in West Germany for 27 years. I have been involved in network marketing, off and on for about 15 years. I have a blog which relates a little of my life, my thoughts and opinions. There are a lot of photos too!

My blog: www.ANobodyIsSomebody.com

Be my guess and collect numismatic MS70 coins?. They can only be sold then to a numismatist. I say it is better to buy one silver dollar a month and sell two or more people on this plan. For every two you sell, you receive one free!!

Take a look: www.mintfreshsilver.com.