The Amateurs Guide To Collecting Silver Coins As A Hobby

Individuals often have different types of hobbies, which they prefer to indulge in from time to time. An old, and traditionally followed, hobby is collecting old or rare coins. Even though many reference books try to explain this particular hobby, much of the information pertaining to coin collection is obtained verbally, on a personal basis. For amateur collectors who do not have much experience in buying and selling of old and rare coins, it is much difficult to adjudge the true worth of the coins, and label a price for their purchase or sale. The information may prove to be of worth to hobbyists who have just embarked upon their coin collection hobby.

90% pure silver coins

Silver coins, which have a purity of 90%, are much preferred for buying and selling purposes. They form the majority, or the bulk of coin market. They are also referred to as “junk silver” coins, and generally consist of American dimes, half dollars, and quarters which were minted in 1964 or earlier. The most common coins are Mercury and Roosevelt dimes, Standing Liberty and Washington quarters, and Franklin, Kennedy, and Walking Liberty half dollars. Except a few key dated coins, most of the silver coins are sold and bought for their silver content. They are generally sold based upon the value printed on the face of the coins – $50, $100, $250, $500 or $1,000 denominations.

American silver eagles

The American silver eagles are the most recognized, and the most beautiful, of all government issued silver coins ever minted and in existence today. Minted for just 27 years, over the years millions of such coins have been manufactured by the government, and are in much demand by the coin collectors. Originally, the 1996 silver eagle is considered to be of much value, but in the recent times, the 1986 silver eagle has gained much popularity, and sells at a much higher premium as compared to other American silver coins. The silver eagles are generally sold in rolls of 20 coins. The silver eagle proof coins sell for one and a half times their face value. The American silver eagles are commonly sold with original government packaging.

Morgan silver dollars

One cannot afford to ignore Morgan silver dollars while discussing about silver dollar coins. They are the most beloved of all silver coins in America. Minted between 1878 and 1904, and once again in 1921, Morgan dollars are 90% pure silver coins and they contain.774 troy ounces of fine grade silver. They a much more collectible value, apart from their silver value, which makes them unique collector’s items. Compared to other silver coins, they had a limited total production of 1,000,000 coins. The Morgan dollars minted in Carson City can be identified with a “CC” mintmark, which appears on the face of the coins. The Morgan silver dollar minted in 1895-P is famed for being the “king of all silver dollars,” and easily sells for as high as five figures, even in normal conditions.