News — Silver
The History Of Peace Silver Dollars
Posted by Derek Sawchenko on
After WWI many numismatists lobbied the US mint to memorialize the peace following the war in the form of a coin. Even though they failed to get congress to pass a bill that would fulfill their goals, they were able to get the approval of Treasury Secretary Andrew Mellon in late 1921, and thus, the Peace Dollar was authorized. The Peace Dollar was minted between 1921 and 1928, with only around one million bearing the 1921 mintmark. The obverse bears the profile of lady liberty, beautifully rendered by competition-winning designer Anthony de Francisci. The reverse carries a simple yet elegant illustration of a perched bald eagle with an olive branch in its grasp, with “Peace” emblazoned below. The Peace Dollar was also briefly struck between 1934 and 1935, and again in 1965 bearing a 1964 mint mark, however, most experts agree that the approximately 300,000 coins produced carrying that 1964 mint mark were never officially issued and were all melted down for their silver content.
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- Tags: Coin Collecting, Coin History, Silver
What Is The Carson City Mint?
Posted by Derek Sawchenko on
One of the lesser-known US mints is the Carson City mint, located in Carson City, Nevada. It remains one of the lesser-known mints for the simple reason that it was not in operation for a very large number of years, about 19 overall. The mint was established in 1863 to facilitate the mintage of silver coins, and silver bars from the nearby Comstock Lode, the first major discovery of silver ore in the United States. Despite being created in 1863, the mint didn’t actually open its doors for operations for about seven years, in 1870.
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- Tags: Coin Collecting, Coin History, Gold, Silver
The 30th Anniversary Silver Eagle
Posted by Derek Sawchenko on
The Silver Eagle coin was established in 1986, and continues to wow buyers to this very day. 2016 marked the 30th anniversary of this beautiful coin, and with a new year, comes a new design. The obverse (front) of the coin depicts Adolph A. Weinman’s expression of Lady Liberty. This depiction includes Lady Liberty walking towards the westward setting sun with the American flag draped over her shoulder. This Lady’s confident walk into the sunset is a timeless representation of the fearlessness that this great country stands for. On the reverse side (back), one will find John Mercanti’s heraldic bald...
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- Tags: American Silver Eagle, Silver
The History of Carson City Morgan Dollars & the GSA Hoard
Posted by Derek Sawchenko on
In 1964, The United States of America ran out of silver dollars that were minted between 1878 and 1935. Most of the coins were from the Carson City Mint. Due to its decreasing supply, the government ceased the exchange of silver certificates for silver dollars. Silver dollar coins were then held by the government. Congress set up the General Services Administration, also known as the GSA, to distribute the hoard of silver dollar coins to the public in 1970. The coins were divided and organized by mint and condition. Over two million coins received an “uncirculated” rating. Others...
What is Junk Silver?
Posted by Derek Sawchenko on
"Junk Silver" is a term that refers to coins that have bullion value as opposed to numismatic value. Bullion value, in this case, is the value of silver in the coin. Coins that fall under the "junk silver" category can include the following: Morgan Dollar, Peace Dollar, Barber Half Dollar, Walking Liberty Half Dollar, Franklin Dollar, Kennedy Half Dollar, Seated Liberty Dime, Barber Quarter, and more.