While most people think of a dollar as a green bill, the dollar used to be represented on a silver coin. Today, you can find Dollar Silver Coins readily available to be purchased as a collector’s item, or as an affordable option to expand and diversify your investment portfolio. Learn more about Dollar Silver Coins available here at Provident Metals.
The first Dollar Silver Coin was produced in 1804. This one-of-a-kind coin for its time had a denomination of $1 (USD). However, it was scarcely minted between 1804 and 1836. The first major issuance of a Dollar Silver Coin came in 1836 when the silver content in US Mint coins was upped to 90%.
At this point in US history, America was flooded with silver from mines in parts of southeastern America, primarily Nevada. These coins featured the design known as Seated Liberty and were issued until 1873. Dollar Silver Coins were then suspended for five years due to the influx of silver and the US Mint’s free coining of silver.
They returned in 1878 and were issued regularly until 1904. They made a return in 1921 and were issued annually until 1928. These coins returned from 1934-1935 before being halted for good until the Eisenhower Dollar Silver Coin in the 1970s.
Dollar Silver Coins are distinguished by their unique designs. The design of your Dollar Silver Coin can tell you everything from the year of issue to its rarity. These designs include the following:
Another popular option for investors and collectors is Certified Silver Dollars. Certified Silver Dollars at Provident Metals are Silver Dollars that are graded by either the NGC or the PCGS.
2021 marked the 100th anniversary of when Silver Dollars made the transition from the Morgan design to the Peace design. As such, the House of Representatives passed legislation in September of 2020 to commemorate this anniversary with modernized versions of these coins.
Three months later, the Senate unanimously approved the bill and it was signed into law by President Donald Trump on January 5, 2021.
Each coin features the designs made popular by their respective artists over a century ago. Each coin contains 0.858 Troy oz of .999 pure silver.
These coins are minted either at the Philadelphia Mint (BU) or San Francisco Mint (proof and reverse proof.) Coins were issued in 2021, took a hiatus in 2022, and have been issued annually ever since 2023. Certified modern Silver Dollars are also available as Provident Metals.
Call the Provident Metals customer service team at 1-800-313-3315 with any inquiries you may have about Dollar Silver Coins. Our dedicated team is also readily available via email or through our online chat feature.