January 26th, 2012 — Coin Collecting, Morgan Silver Dollar, Rare Coins, US Coins
The Morgan Silver Dollar is considered by many to be one of the most valuable US coins that you can collect. It’s history ranges from 1878 to 1904, and during its run, it was one of the first dollar coins that was available for public use, minus the Seated Liberty Dollar. The coin was named for its designer, George T. Morgan and to this day, collectors search for these valuable items.
The main reason that silver dollars were put into use is due to the fact that when the Comstock Lode was discovered, silver prices fell dramatically due to the influx of the rich metal onto the markets. The Bland-Allison act called for coins to be used as currency and the rest is history. It wasn’t until 1921 that silver dollars fell out of use, and during that time many were melted after the availability of silver fell again.
Out of all of the Morgan Silver Dollars that were minted, by far the most valuable one is the one called the King of Morgan Silver Dollars, or the 1895. This is a very rare coin and those that are able to find them are considered to be very lucky indeed. Many private collections contain these rare coins, and there is quite a market for them at auction. Even though the coin itself is worth only 1 dollar in silver, the value of these coins can exceed $120,000.
There is somewhat of a mystery around the Morgan Silver Dollar from 1895 that has sparked collector interest. In total, there were about 12,000 total made during that year, and 880 proofs were created as well. To date, only a small portion of these coins, around 80, have been discovered. That means that somewhere, there are more than 11,920 of these rare coins that are waiting to be found.
No one really knows what happened to them either, which makes finding one all the more special. While all Morgan Silver Dollars are valuable, it’s the King that everyone wants for their collection. In total, more than 500 million Morgans were produced during its minting period and of that amount, approximately 2.5 million are still around.
If you are looking for a true one of a kind collector coin, the Morgan Silver Dollar from 1895 is certainly the one to search for. However, finding any Morgan Silver Dollar is considered to be a feat, especially today when they are very scarce. This is a fun coin to collect and even if you never do find that special King, you can still enjoy your entire collection.
For collectors interested in stumbling onto a King, the best place to start is by looking at auctions, or at online auction sites. Many times, you can find one of these incredibly rare coins for a steal, especially if you purchase a raw lot. The hunt is still on for the King, and with more than 11,000 still out there, there is a chance that you just may be the one to find one.
Originally posted 2008-08-14 05:00:02. Republished by Blog Post Promoter
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January 19th, 2012 — Coin Collecting, John Quincy Adams Dollar Rolls, John Quincy Dollar Rolls, US Coins, world coins
Whether you’re new to coin collecting or you’ve been fascinated by coins for years, now is the time to invest in a John Quincy Adams dollar roll. If you have a free book offered by the US Mint to house your Presidential Dollars collection, you’ll want at least one loose John Quincy Adams dollar, but the roll is more of an investment in the coins. If you purchase a roll of each Presidential dollar released from the beginning of the program through the end in 2016 (though more presidents will be added, extending the program) you’ll have an amazing variety of dollar rolls that will look impressive in any sized collection.
The John Quincy Adams dollar roll is the latest offering in the Presidential Dollars program. Much like the 10-year 50 States Quarters Program that proved a favorite among collectors, and especially children who enjoyed collecting these coins, dollars featuring United States Presidents are released over a span of time. The 50 States Quarters were released in the order the states became part of the union; the Presidential Dollars are released in the order in which they served the country as Commander in Chief.
Coins in a John Quincy Adam dollar roll, and in all of the Presidential Dollars, are the same composition as a Sacagawea Golden Dollar. But each coin features the name and likeness of the President on the front, along with the years of his term of office, and which President he was—1st, 2nd, etc. Presidential Dollars are unique from any other US coin in the way much of the information typically found on a coin is printed on their edges instead of the face or reverse. “E Pluribus Unum,” “In God We Trust,” the mint mark and the year of the coin are now on the edge of these coins.
Also setting coins in a John Quincy Adams dollar roll and other Presidential Dollars apart from every other coin minted in the United States, the world Liberty does not appear on the reverse of the coin. An image of the Statue of Liberty stands for liberty, instead. The coins have been issued at a rate of 4 per year since 2007.
The John Quincy Adams dollar roll became available this year, in May of 2008, and is the 6th release of these dramatic and beautiful coins. George Washington, John Adams, Thomas Jefferson and James Madison Presidential Dollars were released in 2007, and James Monroe was the first release of 2008, followed by John Quincy Adams. Andrew Jackson and Martin Van Buren Dollars have also been released since then this year, with the four scheduled to be released in 2009 being the next 4 Presidents in order, Harrison, Tyler, Poke and finally Taylor. These coins are great to teach kids about our Presidents.
Your local bank should be able to supply you with a John Quincy Adams dollar roll, but auctions like eBay are great for quickly grabbing rolls of past releases. Keep the roll intact to retain all of its collector value.
Originally posted 2008-12-12 14:00:25. Republished by Blog Post Promoter
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January 7th, 2012 — 1925 Coin Penny, Coin Collecting, Rare Coins, US Coins, Wheat Penny
Probably one of the easiest coins to acquire for a coin collection is the wheat penny. This coin was a United States penny minted from 1909 to 1958. The coin goes by many names, including the Lincoln Wheat Cent and Wheatie, and was worth 1 cent at the time it was minted. While few are worth more than that today, some uncirculated mintings have gone for thousands of dollars at auction.
Most of us who had grandparents or parents who kept pennies in jars have been able to search through those coins and find at least one wheat penny or two. The front of the penny looks indistinguishable, at first glance at least, from the pennies minted today because they still bear the bust of Lincoln on the front (or obverse) side of the coin. The back of course is different, because the two wheat stalks that were on the reverse of the wheat penny were replaced with the Lincoln memorial in 1959.
The change in the reverse design, however, isn’t the only different between the wheat penny and the modern penny. And there are even variations among wheat pennies, depending on the year the penny was minted. Some of the wheat pennies produced in the beginning featured the initials of the sculptor, Victor David Brenner, on the reverse side of the coin below the wheat stalks.
This was a cause of controversy, however, and in 1918 the initials VDB were moved to the front of the coin. You must look very closely at a wheat penny from those early years and you’ll see the tiny initials on the bottom of Lincoln’s bust, below his shoulder. The coins produced before the change was made in California are more valuable than most other types of these pennies, because less than half a million were produced by that mint before the public complained enough about the prominent initial display to have it changed.
These early pennies are called “VDB” cents due to the placement of the initials. If you happen to find a 1909 wheat penny with those initials on the back below the wheat stalks that was minted in San Francisco, California, even if the coin is in poor condition, it could be worth hundreds of dollars. Mint coins with that configuration can go for much, much more. VDB cents minted in Philadelphia hold much less value, because more were produced. The 1914-D coins are also typically quite valuable.
A wheat penny with a minting error can also be valuable, such as the 1922 penny that looks plain because the die was full and couldn’t imprint the coin, and one produced in 1955 which appears minted twice, known as the doubled die coin.
If you can find lots of wheat pennies for very little money, you might enjoy looking for these different variations. Someone without an interest in the wheat penny who puts several up for auction in a lot might not even be aware that they’re selling a gem.
Originally posted 2008-11-17 14:00:16. Republished by Blog Post Promoter
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