Silver Dollar Coins - The Value of Scarcity

Of all the dollar coins that have been minted, it seems that the silver dollar coin is still the favorite amongst collectors and perhaps this is because the silver dollar coin of today consists of 90% silver while the older coins contain only 40% silver.

Throughout the years the mintage of silver dollar coins has been off and on due to the lack of and scarcity of silver, but that doesn't seem to be a problem any longer. In the 1980's the United States mint started to produce the Silver Eagle Dollar coin which consists of 100% silver and is worth five times face value. This coin, however, is not in circulation but many collectors try their best to get their hands on some of these coins.

The scarcity and immense value of silver during the earlier years caused a break in production of silver dollars for about thirty two years during the early eighteen hundreds. Large quantities of silver dollar coins could be produced after the Comstock Lode discovery in Nevada around the mid eighteen hundreds, but this large silver resource was quickly diminished as well, causing another long gap in production of silver dollar coins between 1904 and 1921. It is not hard to guess why these coins are so valuable today.

The most popular silver dollar coins with collectors are the Morgan, Silver Eagle and the Peace - the great thing about these coins for collectors is that they are easy to find and relatively affordable as a billion have been minted. Silver dollar coins always seem to be the best coins to collect and perhaps not just for their value but because of the history behind them, there are however, three silver dollar coins that command quite a budget and a long search before you can aquire them, these are the 1983 "S", the 1895 "P" and the 1995 "W". The prices of these coins range from $11 000 to $25 000 but only if they are in great condition.