To many coin collectors, the Walking Liberty Silver Half Dollar is one of the most beautiful coins produced by an U.S. Mint for circulation in the U.S. The highly popular Silver American Eagle coin’s design is basically the exact same design that appeared on Walking Liberty Silver Half Dollar. This makes the Walking Liberty Silver Half Dollar one of the very few U.S. coins to have its design on the reverse side of the coin appears on a rather modern coin.
The designer of the Walking Liberty Silver Half Dollar was Adolph A.Weinman. Out of all the U.S. Mints, a total of three of them produced this silver coin. The U.S. Mints involved with the production of the Walking Liberty Silver Half Dollar were San Francisco, Denver, and Philadelphia. The silver coin was produced through these U.S. mints from 1916 through 1947 and a total of 485,395,000 of these silver coins were produced.
The features of the Walking Liberty Silver Half Dollar feature the image of the Walking Lady Liberty, and on the reverse side, the image of a majestic eagle. Nearly most of these silver half dollars have a mint mark on the reverse side of the coin near the “Half”. Some of the half dollars that were produced in 1916 and 1917 may half the mint mark on the obverse side of the coin below the motto “In God We Trust”. The mint mark tells you which U.S. Mint the coin was produced at the current time. If there is a “D” the coin was produced in Denver. If... Read More...
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To some people, they might think that they may not be able to sell their own scrap silver that is not brand new and quite old or used up. Some kinds of scrap silver are silverware, old coinage, and damaged jewelry. Even though you might think you will not be able to get a good sale from selling your scrap silver, you can actually find some places or people that may buy your scrap silver for some real cash.
The best way to know that your scrap silver is real silver is to find the “sterling” engraved in the silver. For a beginner, it can be quite difficult to find out what the exact price is for silver at the current time. If you go to a financial website or such related website to find out the price rates for your silver, it can be easier than finding the information on your own. To tell the truth, one of the best places to find the most up-to-date current silver prices is Kitco.
If you are really interested in selling your scrap silver, it is best if you learn more about the history of the market of silver. You should keep in mind on how quick the price of silver can change. Another good thing to know is how much the price of silver drops or raises within a year’s time from the time you check it. The price of silver can sky-rocket overnight, as well as plummet to the ground. Also, it does not matter if you are buying or selling silver, because the measurement will be the unit of troy ounces (oz). You should know how much your scrap silver weighs before selling it out on the silver market
As said before, these are some kinds of scrap silver, including some other scrap silver items:
• Sterling Silverware.
• Coinage that was usually... Read More...
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Just like other precious metals, silver may be used as an investment. Silver has been used as a store of value or a form of money for more than thousand years. Even though silver has been used as a form of money, it has lost its role as a legal tender in the United States. In the year 2009, the main demand resulted from jewelry, exchange-traded products, bullion coins, and mostly industrial applications.
The silver market is much smaller than the gold market. The London silver bullion market turns over just about 18 times less money than gold. The physical demanded is estimated at $15.2 billion a year. This makes it possible for an investor or large trader to positively or negatively influence the price of silver. A prime example of an investor is Warren Buffett. Warren Buffett purchased 130 million Troy ounces of silver at about $4.50 an Troy ounce. Buffett then announced to the share holders that his company no longer held any silver on May 6, 2006. This kind of set a negative influence on the value of silver.
There are many ways a person can invest in silver. The buying of bullion bars is a traditional way of investing in silver. If you ever travel to Liechtenstein of Switzerland, you can buy or sell bullion bars over the counter at the cities major banks. Bars and coins are physical silver. They should be stored in home safe, placed in unallocated or allocated storage with a dealer or bank, or placed in a safe deposit box at a a bank. The code “XAG” is used when ... Read More...
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On a daily basis, the Roosevelt Dime is used by most Americans. The Silver Roosevelt Dime is not as well known the U.S. dime of today. The silver Roosevelt Dime was produced from 1946 through 1964. Silver coins were being hoarded instead of keeping them in circulation. The price of silver had risen from $.90 cents an ounce in 1960 to about $1.30 by the year of 1964. There were many people that assumed if this kept happening, the value of the Silver Roosevelt Dimes would rise based directly on the melt value of the silver in the coin.
Even though the U.S. Treasury tried to come up with a plan to prevent this hoarding of silver, the strategy did not work as planned. They tried to prevent the hoarding by increasing the availability of silver coinage during that time. The amount of Silver Roosevelt Dimes produced for the country’s general circulation in 1960 was 270,460,400. This number rose to 2,286,877,180 by 1964. The hoarding of silver coins kept happening. It became so bad that it would cost the country $.11 cents in silver to produce a $.10 coin. This was getting too out of hand. The U.S. Treasury decided to discontinue most of the silver coins being produced, and the Silver Roosevelt Dime was included as one of the silver coins. Today, the Roosevelt Dime is made of 75 percent copper and 25 percent nickel. There still are silver proofs which contain the original silver amount.
Three U.S. Mints were involved with the production of the Silver Roosevelt Di... Read More...
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The Peace Silver Dollar was first produced in 1921, and it was to be known as a peace commemorative coin that replaced the Morgan Silver Dollar. The Peace Silver Dollar was designed by Anthony De Francisci, and it was actually made to the peace hat silver can represent. A total of three U.S. Mints were the producers of Peace Silver Dollars. The three U.S. Mints were located in San Francisco, California, Denver, Colorado, and Philadelphia, Pennsylvania.
The product of Peace Silver Dollars started in December, 1921. The U.S. Mint in Philadelphia was the only one of the U.S. Mints that produced Peace Silver Dollars with a date of 1921 on the coin. The total of these coins that were minted totaled to 1,006,473 for the month and the year. The total number of Silver Peace Dollars that were minted by all of the three U.S. mints from 1921 through 1935, with the exception that were none minted 1929 through 1933, was 190,577,000. Also, there were altercations with the Peace Silver Dollars in the mid-1960. Additional mintages of 45,000,000 silver coins were authorized by the federal government. With that authorization by the federal government, the U.S. mint in Denver produced 316,076 Peace Silver Dollars with a 1964 date, but before the release of these silver coins into circulation, a final decision was made to throw away those plans. With that being said, the 1964 Peace Silver Dollars were melted and no more silver dollars were minted that year.
The Peace Silver Dollar feature... Read More...
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One of the most historic U.S. silver coins is the Morgan silver Dollar. The original name of this coin was the Liberty Head silver dollar. The coin was designed by George T. Morgan, and it remains a favorite of both serious and casual coin collectors to date. The mint life of the Morgan Silver Dollar is from 1878 through 1921. Five different U.S. Mints produced this U.S. silver coin. The five U.S. mints that produced this U.S. silver coin were located in Carson City, Colorado, Philadelphia, Pennsylvania, New Orleans, Louisiana, Denver, and San Francisco, California. Carson City only produced this coin on the last year of the coin’s production. The Morgan Silver Dollar was replaced by the Peace Silver Dollar in 1921, but in the coin’s last year of production, the U.S. Mint produced over 86,000,000 Morgan Silver Dollars.
In recent reports, less than 20 percent of all the Morgan Silver Dollars minted still exist. The reason behind the melting of so many Morgan Silver Dollars is because the Pittman Act of 1918 permitted the melting of these coins to build up the silver reserves, and 270,232,722 Morgan Silver dollars were melted to build up the silver reserves. Also, there were unknown millions of Morgan Silver Dollars that were turned in and melted as silver climbed to a towering selling price of $50.50 an ounce in 1980.
The Morgan Silver Dollar features the head of Lady Liberty and on the other side of the coin features the spread-winged eagle. There were se... Read More...
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Silver bullion can be bought in the form of silver bars, coins, or rounds. Silver bars can be bought and sold over-the-counter at banks, in countries like Switzerland. Silver bars are available in various weights: 1000 troy ounces, 100 troy ounces, 10 troy ounces and 1 kilogram bars. Bullion coins are very popular, due to the availability of the coins and the potential for scoring extra value, due to their desirability as collectors’ items.
Junk Silver and Fine Silver
Depending on the date of minting, silver coins can be either fine silver, or junk silver. The classification is dependent on the percentage of pure silver in the individual coins. Because of the fickle collectors’ market and the large number of pre-1964 junk silver coins, it is a bit risky investing in junk coins for retirement purposes. Since most of these coins have little or no value as collector’s items, they are only valuable as silver bullion. This is why the purity of the coins is an issue.
For this reason, you should rather consider investing in American Eagle Silver dollars for retirement. These coins are made by the US Mint and contain 99.9% silver. They are aesthetically pleasing and the “Walking Liberty” design is a popular one among collectors and the general public. Even if the face value of $1.00 is worth very little, due to a depression and devaluation of the currency, the high percentage of pure silver will always have value – due to industrial and tra... Read More...
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