Starting a silver coin collection is a good hobby that you will quickly get yourself addicted to
. There are several different coins which can be collected therefore it is a great idea to pick something like silver coins to focus on when you're just starting out. It can prevent you from getting overwhelmed.
When individuals consider silver coins this is simple to assume that this includes all nickels, dimes, quarters, half dollars, and dollars. They are all silver in appearance so it is not difficult to imagine why persons would consider them in that way. In fact, many of these coins aren't really silver at all. In reality, most of the coins that are made nowadays don't even contain any silver as it costs too much money to create each coin.
To determine the types of silver coins for your collection that are available you will have to do a little research first. Spend some time to know the different types of coins which are out there and learn the details connected with each one. Realize the levels of grading that are associated with each coin to help you get a better understanding of the overall value that each coin has.
Different Types of Silver Coins You Can Collect
Half dollars are great silver coins to collect. The United States Mint began creating this coin way back in 1794 which were then called the Flowing Hair Half Dollars. Several different types of the half dollar were minted between 1794 and 1964. During this time period, these coins were made out of 90 per cent silver.
Many individuals will find that collecting the earliest half dollars will not be an easy task. Coins from the 1700s and 1800s could be pretty worn out which decreases their value. Another common silver coin to collect is the dollar. Just like the half dollar, production of the silver dollar started in 1794. You will find a variety of various versions of the dollar and up until 1971 they were made with a large amount of silver in them.
When the United States Mint began producing the Eisenhower Dollar in 1971, they stopped using silver as its important ingredient. There were a few years where the mint made special versions of this dollar but they were limited in release and aimed particularly towards silver coin collectors.