Category Archives: Silver

Quick Guide to Collecting Spanish Coins

Spanish Coins - Gold DoubloonsReales, Doubloons, Escudos. The names of these Spanish coins evoke images of pirates on the high seas after plundering a ship, or digging up buried treasure. But, believe it or not, these are some of the names of some of the most sought after historical coins in existence. Spanish silver and gold coins are stories of Spain’s rich history. With them showing the different kings, queens, and other historical figures that were pertinent throughout Spain’s past. If you plan on collecting Spanish coins you should also learn about the various materials used, the age, and how to determine their condition. Spanish coins can be worth millions or pennies depending on the type, condition, and metals used.

Spanish Coins storied past

Spain’s coinage dates back over two thousand years, to ancient Greece and Rome. Spain has been occupied by numerous groups, including the Phoenicians, Carthaginians, Greeks, Celts, Romans, and many many more. Each time one of these group took over their own country’s coins became Spain’s. One of the oldest Spanish coins is the Maravedi. This coin was the gold standard for 750 years along with its sister coin the silver Reale. Currently, Spain is part of the EU and uses the euro as its standard currency.

Valuing Spanish Coins

Professional coin graders can determine the state of preservation and wear of a specific coin. Additionally, the worth of the coins can range dramatically depending on the type of coin, age, material, and condition. Gold coins, such as escudos and doubloons, will hold the highest value undoubtedly due to their composition. Centimos will generally not be worth much, but reales and pesetas in good condition might sell for a handsome sum depending in how good of condition they’re in. Also, the older and rarer a Spanish coin is, the higher its value will be.

If you are planning on starting a Spanish coin collection, you should remember that most gold coins will be in uncirculated condition, while bronze, copper, and silver coins will often be in fine to circulated conditions. Also, ALWAYS REMEMBER TO ASK FOR A CERTIFICATE OF AUTHENTICITY! Especially when buying an expensive coin.

How to Buy Spanish Coins

Buying Spanish coins can be as simple as visiting your local coin dealer and looking at their selection if they carry them. However, for numismatists outside of Spain, you might only find local coins. You can also search for them online, particularly through internet shops for collectors as well as auction sites. When buying online, don’t be afraid to ask the seller for a certificate of authenticity or about the history of the coin and its condition. Always do your homework and when in doubt, ask a professional coin dealer for help.

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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Top 5 Most Sought After Coins

Sports has always had their MVPs. Players who represent being the most valuable asset on their respective teams. Sometimes these players become so popular they become the figurehead for their team. Same can be said when collecting coins. There are certain rare coins that are highly sought after, and become the centerpiece of many numismatists collections. Here are our Top 5 Coin MVPs.

Walking Liberty Half DollarWalking Liberty Half Dollar – No. 5

Our first entry is the Walking Liberty half dollar. This coin is definitely one of the more popular coins for numismatists to collect because of its beauty. Minted through the roaring 20′s, the Great Depression, and two World Wars, the Walking Liberty Half Dollars carries a great deal of US history with it. Also, the obverse was so popular, that the US mint re-used it when they started minting the Silver Eagles in 1986.

Mercury Dime ObverseMercury Dime – No. 4

Our next MVP, is the Mercury Dime. The artistry on this coin is called one of the great designs of the 20th century. One interesting tidbit of trivia, is that the obverse does not in fact depict, Mercury, the messenger of the Roman gods. It is actually Liberty with a winged cap which symbolized freedom of thought. This coin also served through very turbulent times, and was even the part of the song, “Brother, can you spare a dime?” from the Great Depression.

Morgan Dollar ObverseMorgan Silver Dollar – No. 3

Coming in at number 3 is the Morgan Silver Dollar. A must-have for every collector, the Morgan Silver Dollar is one of the most popular and collected coin series in the US. We’ve talked about the Morgan Silver dollar before, so I won’t go into the history of it. However, this is definitely one that should be a cornerstone of your collection.

1935 Buffalo NickelBuffalo Nickel – No. 2

Now this was a close tie with number 3, but the Buffalo Nickel got the lead by a nose. Another coin we talked about recently, the rich history of this coin makes it another very popular showcase item for collectors. This coin series has several very rare strikes, including the 3 legged buffalo in the 1937-D series.

Saint Gauden’s Double Eagle/Flowing Hair Dollar – No. 1

Coming in at number one, is a tie between two of the most sought after coins by collectors around the world. The Flowing Hair Dollar was the first coin issued and used by the US. Today, scholars believe there are only between 130-140 known to still exist. This, of course, tied with the Saint-Gauden’s Double Eagle, considered one of the most beautiful coins minted by the US Mint. Very few of these coins still exist due to the Big Melt of 1933 when FDR recalled all the coins to be melted down. Any of the ones still existing as part of a collection, have been dealing with legal ramifications as the federal government claims that the coins are federal property not private property.

Flowing Hair Dollar1933 Saint Gaudens Gold Double Eagle

 

 

 

 

 

 

 

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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Buyer’s Guide to Indian Head Coins Pt.1

While the coins of the US have a very rich history. There are few coins that hold the fame (or infamy depending on how you look at it) like the Indian head coins. Used throughout the 19th and 20th century, on different denominations, these coins are some of the rarest and most valuable to numismatists. Often fetching high prices at auctions these coins are some of the prize jewels in collections. So here is part one of our buyer’s guide to Indian Head coins.

1859-1909 Indian Head Penny

1859 Indian Head PennyOur first Indian coin comes from the mid 19th century. The Indian Head penny was actually a replacement for the Flying Eagle design, which had numerous problems and was advised to be replaced. The legend behind the Indian’s design was that the artist James B. Longacre modeled the Indian head design after his youngest daughter, Sarah. However, researchers have proven this nothing more than an urban legend, saying that this was actually based off of the “Crouching Venus” statue that was on display at the Philadelphia museum at the time. Whatever Longacre’s inspiration was, the coin won immediate and continued acclaim from the American public. Cornelius Vermeule wrote in his book Numismatic Art in America, “[the coin was] perhaps the most beloved and typically American of any piece great or small in the American series.” Another interesting fact is that this coin was minted in two separate materials. Before the breakout of the Civil War, the coin was made of a copper-nickel alloy, but due to coin hoarding during the war, the coin’s composition was changed to brass and was made thinner as well. This coin continued use until it was replaced by the Lincoln Head Penny in 1909.

1854-56/56-89 Indian Head Dollar

1854 Indian Head Dollar Type 2

Type 2 Indian Head Dollar

Don’t let the dates confuse you, this is about the same coin, there were just two different strikings of the same coin. This coin came about due to the California gold rush in the late 1840′s that caused an influx of gold in the Union as $600 million in gold was found in the California hills. The first of the Indian Head dollar coins appeared in 1854 after the public complained that the first dollar coin minted was too small and easy to lose. This changed when James Snowden became the new director of the mint. Snowden agreed that the coin should be larger but thinner as well, to which he assigned the chief engraver, James Longacre (who would also design the indian head penny described above), to make this modification as well as come up with a new design. The new design ended being a female figure in a headdress and was frequently described as an “Indian princess.” The coin was larger than the earlier dollar coin and was easier to keep track of, but, the relief on the obverse was too high and cause an immense number of the coins to not be fully struck. Because of the striking difficulties, Longacre went back to the drawing board to come up with a solution. The Type 2 lasted until 1856 when it was replaced with the Type 3, which ran from 1856-1889. During its brief run, only 1.6 million of the Type 2 dollar were struck. Numismatic scholars estimate that less than 1% of the Type 2 Dollar mintage still exist, due to the fact that because of the high relief the coins that were in circulation wore down quickly and became illegible after a few years.

1888 Indian Head Dollar Type 3

Indian Head Dollar Type 3

 

 

 

 

 

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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A Brief History of US Coins

Something that is quite fascinating that many people don’t actually know is the history of that change that sits in your change jar or in your car. For example, did you know that the dime is actually the third iteration of the dime? Or that there used to be a half dime before there was a nickel? Or that the Lincoln penny is actually the latest in a very long line of pennies? Today, we delve briefly into the history of our pocket change and see the rich history from where our currency comes from.

The Lincoln Penny

1909-S VDB Lincoln cent

For many of us, the Lincoln head penny is the only penny that we know, with Lincoln’s profile on one side and the monument on the other. But, the truth is that the Lincoln cent piece didn’t start in circulation until 1909 and broke the mold where minting was concerned as it was the first US coin to feature a president on it. It had been tradition since Washington’s presidency that no coin feature the depiction of a president past or present. So when this coin was brought up for review, it had met some resistance from traditionalists, but they all fell by the way side in front of Theodore Roosevelt who pushed the coin design through after having just approved four new designs for the gold eagle denominations. The first year it was minted the lincoln cent had the designers initials VDB at the base of the reverse. This led to a public outcry and the initals were quickly removed, which in turn, created the coveted 1909-S VDB cent. Another interesting fact, in 1943, when copper was scarce during World War II, the penny was made out of a steel alloy which led to another collector’s item. Who knew the penny would hold so much sway?

1943 Steel Lincoln Cent Obverse

The Steel Lincoln Penny

The Jefferson Nickel

1945 Jefferson NickelIntroduced in 1938, the Jefferson Nickel is the only coin to still be made of its original composition today. Almost 80 years later, this humble coin is still being minted honoring our third president. Early in 1938 the Treasury Department announced a competition for designs to replace the Buffalo/Indian Head nickel. The rules of the contest was that the obverse would feature an “authentic portrait” of our third president with the reverse featuring his home near Charlottesville. Additionally, the design had to fit the technical requirements of Mint. Out of 390 models, German-American Felix Schlag’s design was selected. Schlag’s initials didn’t appear on the nickel until almost 30 years later.

The Roosevelt Dime

Silver Roosevelt DimeAnother coin with a rich history is the dime. The first ten cent piece was coined in 1793 and was the last of the first issuance of coins when the US mint first opened. The dime’s design has changed over 11 times since its first issuance in 1793, with an average of 12 years per major design. The Roosevelt Dime has been the longest running design in the coin’s lifespan with it coming to it’s 70th birthday in 2016. The Roosevelt Dime was issued under pressure from the US public who, in 1945, wanted some memorial for the fallen leader. This coin broke the 40 year tradition of asking outside artists for designs and was tasked internally by the US mint to their chief engraver. While there are no rare dates for the Roosevelt dime, there is one premium dime that is worth more than its silver bullion value, the 1949-S dime that was minted out of the US mint in San Francisco.

The Washington Quarter

Washington Silver Quarter 1944

Our final coin today is the Quarter. The Washington Quarter’s story is interesting to say the least. After the dark shadow of the Great Depression had fallen across the us in 1931, Americans had little to celebrate. However, the following year, 1932, would mark George Washington’s 200th birthday and to help bolster public spirit the Treasury Department were ready to mark the occasion. Originally, the Treasury Department had proposed a half dollar be struck to honor the birth of the founding father. The contest was started early and while most entrants were denied, one had gained unanimous favor by the Commission of Fine arts. The original design of the coin was done by Laura Gardin Fraser, the designer for the Oregon Trail commemorative coin and wife to the creator of the Buffalo nickel. However, the commission wasn’t the only party that needed to be pleased for the coin to be minted.

Congress then got into the debate, due to the fact that the Treasury Department needed their approval to change the design for the half dollar. Once they were asked, they instead compromised and decided to change the quarter instead. But, it was the final person, Treasury Secretary Andrew Mellon, who still had something to say.

Mr. Mellon, had his own views on art, and felt that the design by John Flanagan was superior to the Fraser design. Flanagan’s design was simple, more like a portrait with Washington’s profile on the obverse and a heraldic eagle adorning the reverse. With it’s simple design the mint was able to issue the coin easily and quickly. Since it began production of the coin in 1932, the mint has issued over 21 billion coins, an amazing quantity by any standard.

Well, I hope you liked our brief look into the history of our nation’s coinage, if you’re interested in our selection of collectable coins, you can browse through them here.

Gary Dyner is the owner of Great American Coin Company. Connect with him on Google+.

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The Top 5 Rarest US Coins

While there are many rare coins throughout the world and history, and many would debate where they would rank in rarity. Most believe in rarity based on number minted and how many are known to exist. Monetary value also has a big part to play. With that said, here is our list of the top 5 rarest US coins.

1863 Liberty Head Gold CoinNo. 5 – 1861 Liberty Head Gold Coin

This gold coin coming in at number five on our list was actually minted on accident. Late revisions for the coin were issued to the US mint but they didn’t receive word of them until after some of the coins had already been produced and put into circulation. Only two are know and in 2010 went for a cool 5.6 million dollars.

1804 Crosset Liberty Gold EagleNo. 4 – 1804 Ten Dollar Gold Piece

Less than 10 of these rare coins were ever produced, and only three are known to still currently exist today. Additionally, these coins were produced three decades after their minted year. The most recent sighting of this coin was seen in 2005 where it was sold 8.5 million dollars. These like their more rare silver dollar counterparts were mainly produced for diplomatic purposes.

1913 Liberty Head NickelNo. 3 – 1913 Liberty Nickel

Another US Mint mistake is the 1913 Liberty nickel. Produced in 1913, the liberty head nickels were produced without the US Mint knowing. Since the buffalo nickel was supposed to be produced that year, no liberty head nickels were to be minted but somehow a handful were made. Samuel Brown, an employee of the US Mint is credited for secretly minting these coins and then sneaking them out of the office. Only five are known to exist, two are exhibits in museums and the other three are part of private collections. The last time one of these nickels was at public auction was in 2010 where it fetched 3.7 million dollars.

1933 Saint Gaudens Gold Double EagleNo. 2 – 1933 Saint-Gaudens Double Eagle

One of the rarest coins known, the Saint-Gaudens Double eagle was minted in 1933, but was never released into circulation due to a change in currency laws during the Great Depression. The entire run was supposedly melted down into gold bullion. However, a US Mint cashier is said to have given out some of the coins in exchange for earlier double-eagles. Outside of the two that are in the national currency collection at the Smithsonian there are two other known coins. The only known auction of the coin was handled by Sotheby’s where it fetched 7.5 million dollars.

1804 Silver DollarNo.1  – 1804 Silver Dollar

Coming in at the top of the list is the 1804 Silver Dollar also known as the Bowed Liberty Dollar. This coin is the holy grail of numismatic collectors. Currently, there are only 15 known genuine 1804 silver dollars. These rare coins were actually produced 30 years after their stamp date and used mainly for diplomatic purposes. One example is the famous King of Siam coin which can be seen in the movie, “The King and I” and in the novel, Anna and the King of Siam. This silver dollar is also one of the few coins to possess three separate classes of quality. Class I is considered the original genuine coin. Class II and III were produced illegally by an employee of the Philadelphia branch of the US Mint. All of the Class II were seized and destroyed save one which resides in the Smithsonian. Class III were also produced illegally and while the US Mint tried seizing all of these copies as well some had already been distributed to collectors.

That’s our list of the Top 5 rarest US coins, check out our collection of rare coins on our website. Think that we missed one or labeled one too high? Comment below or on our Facebook page.

Gary Dyner is the owner of Great American Coin Company. Connect with him on .

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Gold vs. Silver – What Should You Invest In?

gold_silver_picture
If you asked a random person whether it’s better to invest in gold or silver, gold would probably be the most common answer. It’s GOLD after all – it’s so valuable, right? It’s the stuff that pirates dreamed about! While gold is usually a smart investment, silver can be even better. However, both metals have their advantages. Read the short rundown below to find out more.

Why Buy Gold?

Gold can be purchased in a few different ways – coins, bars, jewelry that contains gold, etc. Simply put, gold holds value. Given the fact that gold currency has been around since 800 B.C., this is a mere fact. But first you must understand, gold is not money.

So what’s the main reason you might want to buy gold? The price of course. Gold prices have gone up in recent years. That means that production has increased as well. And what does that mean for demand? It’s almost certainly not going to dip. What this all equates to is simple – buy gold now, because it’ll only cost you more in the future.

Gold is a private investment. Nobody is keeping track of how much you own. And with the economy the way it is, it can also be a wise, safe investment. Investing in it can increase your wealth when the economy isn’t doing well. Think about this. The market crashes. All you have is worthless paper money. Wouldn’t you then be happy you invested in gold?

You’ll never hear someone say, “Invest half your savings in gold.” That’s far too much. But you will hear people talk about the importance of gold when slightly diversifying your portfolio.

Why Buy Silver?

There’s no doubt gold can be a great investment. And although silver is often the symbol of “second place”, many consider it an even better investment. The main reason being: there’s less investment grade silver available than gold. Most of the same theories that apply to gold investment apply to silver as well. It’s an investment that can protect you if something disastrous happens to the economy.

What silver also possesses, though, is practical, everyday applications. It’s used in computers, cameras, jewelry, and many other products. So if it’s readily available, why is it a good investment? There’s the catch – it’s not as readily available as you may think. So much silver is being used for our everyday wants and needs, and the supply is decreasing.

So there you have it. Both gold and silver have their advantages. Speak to a financial professional if you’re interested in investing!

Note: The information above is not investment advice from The Great American Coin Company.

Gary Dyner is the owner of Great American Coin Company. Connect with him on .

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Sterling Silver and Silver Plate – What’s the Difference?

snake
Sterling silver and silver plate (also spelled silverplate) are totally different.  And to be quite honest, it’s hard for most people to tell the difference. This often leads to scamming.

So let’s keep it simple.  Sterling silver is where the real value is.  If you own a lot of sterling silver, that’s a good thing financially speaking. Silverplate isn’t bad – it’s just a lot less valuable. Let’s dive a little deeper into the real meaning of each.

Sterling Silver

Simply put, sterling silver is pretty close to the ‘real deal’.  Sterling silver is 92.5% (.925) silver.  So what makes up the rest of the sterling silver?  Other metals; usually copper or nickel.  A real silver bar, a.k.a. fine silver, is .999 silver.

Sterling silver is used to make a variety of products, such as nice jewelry, plates, or even coins.  So why not use fine silver?  Why does it have to be mixed?  Fine silver is quite soft and can be easily damaged.  When combined with other metals, fine silver becomes much more durable.

When it comes to sterling silver, weight is important. Often times it’s a strong selling/buying point for collectors.  Any way you look at it, sterling silver is worth good money.  It’s an investment, and will hold its value over time.

Silver Plate

Silverplate is worth a lot less than sterling silver. Why? It contains much less pure silver.  When you buy a product made of silverplate, you’re buying something that’s made mostly of fairly cheap metal – like copper, steel, or something similar.  The pure silver is then fused on top of the metal, creating a very thin layer.
sterlingsilver
Fun fact: If you’re like most people, you probably refer to your eating utensils as “silverware”. In the old days, silverware was commonly made out of sterling silver. Nowadays, it rarely is. In fact, it’s rarely even made of silverplate. Most “silverware” is actually made of only metal, such as stainless steel.  It’s commonly advertised as flatware. If you want a set of sterling silverware, it’s definitely out there.  You’ll just have to spend at least $1,000.

So how do you spot the difference between sterling silver and silverplate?  The simplest way to do so is look for a number 925 or the word sterling written somewhere. One of these will symbolize what should be an authentic sterling silver product.  If the product has a manufacturer’s name on it, it’s most likely silverplate.

You can also run a second test with a magnet.  If a magnet is attracted to the product, it’s not sterling silver.  The best way to tell, however, is taking the item you have in question to a specialist.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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How to Collect Silver Bars and Bullion

Silver-Ounce

 

I want to talk about how you can collect silver. Like any precious metal, silver can be used for investment purposes. For thousands of years, silver has been highly valued and even used as money. Today, it’s no longer accepted as legal tender in many counties. However, the demand for silver is still very high.

Silver is on the rise

With all the unstable federal governments and economies, silver is certainly on the rise. As the dollar becomes less and less stable, silver becomes more valuable to investors. Today, silver is a better buy than gold. It’s also undervalued relative to gold. Those who feel gold is too expensive are looking to purchase silver. All of these reasons combined are pushing the price of silver higher. For those of you looking for stability and security, collecting silver is definitely the way to go.

One Troy Ounce

Silver is sold by the troy ounce. One troy ounce weighs 31.1 grams, which is more than the 28.35 grams you would call an ounce of milk. Therefore, one troy ounce is approximately 10 percent more than a regular ounce. When buying silver, it’s very important to know about the troy ounce, as dealers will refer to silver prices by troy ounce.

Numismatic vs. Bullion

When purchasing silver, you have the option to choose between numismatic or bullion. Generally speaking, numismatic coins are for experienced collectors. Their value is determined by things such as the date they was issued, rarity, condition, even the mint where they were produced. Bullion, on the other hand, is valued by its silver content. There are two main types of bullion: coins and bars.

Choosing Between Coins and Bars

Not all silver bullion is created equally. You should know the differences between silver coins and bars in order to make educated purchases. Many people prefer to buy coins because they offer greater flexibility when it comes time to sell. For instance, if you buy a 100-ounce silver bar you will have to sell the entire 100-ounces at one time. But, if you buy 100-ounces of silver coins or rounds, you could sell any number of rounds at anytime.

Silver Bars Are Cost Effective

While coins provide you with greater flexibility, silver bars are generally more cost effective. Because they are not minted, they are often much cheaper than coins. They come in sizes such as one, ten and 100-ounce bars. They also sell at spot, which means they do not include premiums that coins such as Silver Eagles can have. If you are a beginner or if you are just trying to protect your wealth and buying power of your money, then I suggest you invest in silver bars.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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Tips For Collecting Silver Proof Sets

2011-America-the-Beautiful-Quarters-Silver-Proof-Set

 

Beginning in 1992, the United States began making Silver Proof Sets in addition to the regular Proof Set. The Silver Proof Set series has increased tremendously in popularity since it began – after all, where else can you find beautiful and pristine examples of U.S. coinage?

About Silver Proof Sets

Before 1965, proof sets containing dimes, quarters and half dollars were made of 90 percent silver. From 1965 through 1970, only the half dollar contained silver and even that was only 40 percent. In 1976, a special three-coin set of Bicentennial coins was produced containing a 40 percent silver quarter, half dollar and dollar. It wasn’t until 1992 that the United States Mint began offering special proof sets containing 90 percent silver dimes, quarters and half dollars.

Why Collect in Silver Proof Sets

In my opinion, 90 percent silver U.S. coinage is an excellent choice for the average person looking to collect silver coins. Silver Proof Sets go through a special minting process. As a result, Silver Proof coins contain exquisite detail and a beautiful mirror-like finish. With the exception of the penny and nickel, Silver Proof Sets are made entirely of 90 percent pure silver!

Buying Silver Proof Sets

Those who appreciate the collectors’ value of coins, find that U.S. Silver Proof Sets combine the best of both worlds. They offer beauty and collectability. A Silver Proof Set can cost from $20 to $1,000. You can buy modern Silver Proof Sets directly from the U.S. Mint. However, for older Silver Proof Sets, you will have to contact a coin dealer or visit an online website to buy. If you are unsure as to what you should expect to pay for a Silver Proof Set, check out the PCGS price guide for proof sets.

Coin collecting is fun, and rather enjoyable, to me anyway. You may like collecting Silver Proof Sets, they are very beautiful and more affordable than most.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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History of the Peace Dollar

1921_peace_dollar_satin_obvPeace dollars were minted between 1921 and 1935. They were created to celebrate America’s victory in World War I. Made of 90 percent silver, Peace dollars helped to establish the United States as a major world power.

The Peace dollar was briefly minted in 1965. However, all samples of this issue were melted down and never released to the public. The Peace dollar is the last silver dollar minted for circulation in the U.S.

The Design

The front of the coin is graced with Lady Liberty, while the reverse side depicts the image of a perched eagle. The artwork design was that of Antonio de Francisci, an Italian immigrant and sculptor. In late 1921, the Commission of Fine Arts held a competition for the design of the new silver dollar. Eight prominent sculptors were invited to participate and de Francisci won the prize. The Peace dollar includes the phrase “in god we trvst.” Many believe it to be a spelling error, but it’s actually the Latin spelling for the word trust. Therefore, it means “In God We Trust.”

Value of Peace dollar

While the Peace dollar was only minted for a short period of time, this coin is quite popular among collectors. The minimum value of a Peace dollar is $23. There are a couple rate dates, including 1921 and 1928, that are valued at $55 and $160 respectively. Most of the value of a Peace dollar is found in higher grades. This includes uncirculated or Mint State coins. The uncirculated Peace dollar is very desirable coin.

1934-S Peace dollar

The 1934-S Peace dollar is a very interesting coin. In good condition, this coin can be worth $30, in slightly better condition the coin jumps to $33. However, the uncirculated version, which is very rare, is worth more than $1,200. As you can see, subtle differences can have a large effect on the value of the coin. If you have any questions about your Peace dollar, ask a coin collector or dealer. They can help you to better understand the full value of your coin.

Unofficially Produced Coin

On August 3, 1963, Congress passed legislation to produce 45,000,000 silver dollars. The new coins were intended to be used at Nevada casinos and elsewhere in the West. However, in 1965, after much debate, congress announced that the coins were deemed trial strikes, never intended for circulation. The Mint later stated all pieces struck had been melted under heavy security.

Gary Dyner is the owner of Great American Coin Company. Connect with him on

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