Archive for January, 2006
Old Mint
The hobby of collecting old silver dollars is one that appeals to a great many people but one thing to keep in mind is the appeal of old coins is often in the fact that there may be several designs from even one minting year. The difference in designs these old coins is due to the early practice that was employed of hand engraving each die thus a collector will find well over a few dozen varieties for all dates between 1795 – 1803. These early examples of coins that were struck by the United States Mint contain a certain aura about their design that has made these old silver dollars appeal to collectors.
The penny is the only other denomination that was minted every year from its beginning in the first ten years of mint production. Because there was a continuation of the exploration of US dollars, President Thomas Jefferson halted the production of these old silver dollars. The US dollars were then replaced by the slightly heavier Spanish 8 Reale and the US coins were sent to the Caribbean where they were then returned to the US and recoined free of charge into additional US dollars with the exporter taking possession of any difference in silver content. This process would ensure that there would be no circulation of dollars within the United States but these old silver dollars would be exported overseas while the old, foreign money would remain in circulation in the United States. This process was called Gresham\’s Law.
This same process was utilized for some time after the inception of the 20th century. Any coins that contained too much precious metal was melted down and then sold as bullion while coins that were too light were exported to foreign countries where they were exchanged for heavier weight coins. The difficulty in maintaining the balance of these two processes is what led to the discontinuation of gold in coin minting during the 1930s and 1940s with silver following the same path in the late 1960s and early 1970s.
Today old silver dollars are of greater importance to collectors than they have been in the past. Though they may not hold a value as legal tender in many cases they are worth a great deal to collectors and investors. An old coin has a higher value when it is less common because collectors are willing to pay a great deal more for a coin they is difficult to obtain. Likewise investors are willing to go to greater lengths to sell their collections to the collectors. The more difficult it is to locate an old silver dollar coin the more you will have to pay as a collector and the more the investor will profit from the transaction.
The coins collectors choose to add to their collections tend to be because of certain designs that appeal to them or a design that was minted in limited quantities. Like any other coins you will also find a few coins that were struck incorrectly and these will also appeal to collectors more than a coin that was perfectly struck when it was minted.
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Article Source: ArticlesBase.com – Collections of Old Silver Dollars
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UNI – brown Lot of 5 mint OLD STYLE Sleeves for 45’s $4.95 |
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Mint Hocking Glass Old Cafe Pink 3 1/4″ Tumbler $12.00 |
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MINT OLD 1 POUND BOX OF CAMEO CUSTARD $17.14 |
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AFGHANISTAN VERY OLD PUBLIC GARDEN POST CARD MINT. $9.99 |
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25 COIN LOT! OLD MINT GOLD SILVER U.S BONUS 24K BULLION $44.95 |
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Royal Albert OLD COUNTRY ROSES FLORAL England – mint $74.99 |
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SEMI OLD SCHOOL FMF CRANKSET 175mm NEAR MINT CONDITION $59.00 |
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24K BULLION + 10 COIN LOT! OLD MINT GOLD SILVER U.S. ++ $19.95 |
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Judaica Old Tag Label Haddasa Youth Aliyah Mint $4.99 |
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Judaica Old Mint Label Stamp Jewish Martyr $9.99 |
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Samsung Jack (2 Months Old) **Mint Condition!** $100.00 |
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DEAR OLD FASHIONED MOTHER-1920 Sheet Music/wLyrics-MINT $0.99 |
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1973 Aurora Monster Model catalog mint 22 pages old nos $29.99 |
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amazing: MAXI LENFTH SKIRT FROM OLD NAVY, SIZE 14, MINT $3.25 |
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MINT PREOWNED FROM OLD NAVY, SIZE 10, CAPRI’S, NICE!!!! $3.00 |
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2006 Proof San Francisco Old Mint Commemorative Coin $375.00 |
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Germany DDR * Old Stamps * Scott #565-567 * Mint NH $8.95 |
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1994 – OLD GLORY – #2886a Full Mint NH Convertible Pane $7.75 |
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Danbury Mint 1992 Collectible Old Point Loma Lighthouse $24.95 |
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LOT OF 6 Womens JEANS/SHORTS sz 8 TOMMY OLD NAVY MINT!! $19.99 |
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10 COIN LOT! OLD MINT GOLD SILVER U.S BONUS 24K BULLION $19.95 |
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Lens Hood for old Fujinon 1,2/50mm Mint boxed $2,600.00 |
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1991 CHERISHED TEDDIES MINT ZACHARY 19 YEARS OLD $1.50 |
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OLD LOGO EXTRA LARGE TAMPA BAY BUCS Pennant Banner MINT $9.95 |
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Old Curiosity Shop Creamer MINT $0.99 |
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4 Old Curiosity Shop China Dinner plates Mint $3.99 |
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IPHONE BLACK 32GIG 9 MONTHS OLD IN MINT CONDITION $227.50 |
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Guy Lombardo mint 45 “Hot Time In The Old Town Tonight” $4.00 |
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*10 COIN LOT! OLD Mint BUs PROOFs SILVER & Gold Bonus*! $22.50 |
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HTC EVO 4G (Sprint) 1 Month Old **MINT** $420.00 |
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1068 OLD MAN MTN STONE FACE MINT .03 SHEET LOOK $15.25 |
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24K BULLION + 10 COIN LOT! OLD MINT GOLD SILVER U.S. ++ $19.95 |
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CND MINT NH #67 1c QV OLD ISSUE JUMBO MRG HiCV- L A299 $14.95 |
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Old Original YUCCA PRINT Tablecloth Cover Colorado Mint $25.00 |
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HOT WHEELS 2010 TREASURE HUNT – OLD #5.5 MINT CARD-NEW $4.99 |
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The Mint Hotel Las Vegas Old Premium Token $8.00 |
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Judaica Old Mint Label Stamp Jewish Martyr $9.99 |
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Judaica Old Mint Label Stamp Jewish Martyr $9.99 |
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*10 COIN LOT! OLD Mint BUs PROOFs SILVER & Gold Bonus*! $22.50 |
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COCA COLA SIGN SANTA CARDBOARD STAND UP NEW OLD MINT $30.00 |