What Gives a Rare Coin Its Significance?
By Mark Ferguson for CoinWeek – MFrarecoins.com
“They’re just pieces of metal,” Elvira Clain-Stefanelli, the late Curator of the National Numismatic Collection at the Smithsonian, once told me as she showed me a tray containing major U.S. rarities, like a 1913 Liberty nickel and an 1804 silver dollar, among others. I had trouble understanding her statement as I was thinking, “then I guess a Van Gogh painting is just paint on canvas.” I was young at the time, and she was the authority, so I didn’t question her statement, but it has haunted me for years.
Since that time, I’ve thought a lot about that remark she made to me. Of course, she was right, they are just pieces of metal, but so are a Rolls Royce and a Chevy. So what gives a rare coin its significance? It’s people…and how we revere these little pieces of metal. We put significance in a rare coin’s history, its rarity, as compared to all the other little pieces of metal called coins, its characteristics, like a scarce die variety, and its condition, as compared to perfection and other like-kind coins. In other words, what do these little pieces of metal mean to people?
Rarity, condition, and a coin’s characteristics are a given, but history has a lot to do with a coin’s significance. The two most famous coins known outside the hobby may be the 1913 Liberty nickel and the 1804 silver dollar. There are a few others as well, like the 1909-S VDB Lincoln cent, even though most of the public doesn’t know all the initials or what they represent, and the 1955 Doubled Die cent. There are 5 known examples of the 1913 Liberty nickel and 15 known examples of the 1804 silver dollar.
But, do the public, and even most experienced coin collectors, know about the king of gold rarities, the 1822 $5 gold coin , in which there are just 3 known examples ? No! Not many people, even the majority of experienced coin collectors, know about the 1822 $5 gold coin. It’s the stories and the publicity behind the 1913 nickel and 1804 dollar that make them famous. The 1822 $5 has no remarkable story, at least not one that has been uncovered, except that virtually all of the 17,796 pieces struck were melted because the value of its gold content exceeded its face value at the time.
The 1913 Liberty nickels were clandestinely struck at the Philadelphia Mint. To this day, no one knows who struck them, when, or why. They are shrouded in mystery. The 1804 silver dollars were first struck in the 1834 to 1835 period, and again in the 1859 to 1860 period. It wasn’t until 1962 when the real truth was revealed about why 1804 silver dollars were originally coined – they were used as diplomatic gifts. Both of these coin issues have remarkable stories that give them their fame. I will be writing more extensively about the 1804 silver dollars for CoinWeek during the weeks leading up to the American Numismatic Association convention, which will be in the Chicago area during mid-August this year.
1921 Silver Dollar Value - News

On the other hand, common coins like a 1921 Morgan silver dollar or a 1964 Roosevelt dime, for example, have little to no historical significance in and of themselves. So, yes, coins are “just pieces of metal.” To the layman, that's what most coins are
A 1795 Flowing Hair silver dollar in this auction was previously in the greatest coin collection of all time, that of Louis Eliasberg. It is being offered as lot #4001 in this sale. This coin is currently NGC graded MS-63. Its history is not detailed
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This is the mode that the US dollar and many other currencies are in today. All currencies for the past eleven years have fallen more than 20% annually versus silver and gold and there is good reason for that, they are all being deliberately devalued
Look at a chart of the dollar's value since the creation of the Federal Reserve. What has that inflation accomplished? Maybe you should pay more attention, seeing as folks on the Left are always railing against wealth being concentrated in the top 1-2%
Silver Dollar Values : Silver Dollar Value – Silver Updates to ...
Article by Fred Cooke
If you are not sure how much your silver coin is worthy of, you can at least establish how substantially the silver in the coin is value. Usually, dollar coins are well worth the charge of the refined silver they internet when refined. Thus, people with bigger silver contents will be worth more.Verify latest silver charges previous to buying or selling silver coins.Issue of the coin. Circulated coins net significantly less refined silver, so they are usually worthy of significantly less than uncirculated coins of the exact same sort. Decrease use as substantially as you can by minimizing managing and storing in an air-tight container.What is the ideal coin to make investments in? A single ounce coins are a protected investment, and they will be fairly profitable as silver charges boost. An individual ounce coins are stamped with the pounds of the coin, as a substitute of the dollar price.It is easy to convert these to dollars, and as the demand for silver grows, they will be price exponentially extra.Junk silver coins are outdated US coins that contain silver. Up right until 1965, US coins have been minted with a ninety% silver content. They are a good way to make investments in silver but you really should know a small about the unique coins prior to acquiring them. This facts beneath must aid you also determine Silver Dollar Coin Values and other Junk Silver PricesJunk Silver Coin- Silver Subject matter (ounces)DimesSeated Liberty – 1837-1852 – .07726Seated Liberty – 1853-1873 – .07205Seated Liberty – 1873-1891 – .07234Barber Dime – 1892-1916 – .07234Mercury Dime – 1916 to 1945 – .07234Roosevelt Dime – 1946-1964 – .07234QuartersBarber Quarters – 1892-1916 – .18084Standing Liberty Quarters – 1916-1930 – .18084Washington Quarters – 1932-1964 – .1808450 percent BucksBarber Half Dollar – 1892-1915 – .36169Strolling Liberty Fifty percent – 1916-1947 – .36169Franklin 50 percent Dollar – 1948-1963 – .36169Kennedy Half Dollar – 1964 – .36169Kennedy Fifty percent Dollar – 1965-1969 – .14789Silver DollarsTrade Dollar – 1873-1885 – .78761Morgan Dollar – 1878-1921 – .77343Peace Dollar – 1921-1935 – .77343To determine the price of just about every coin get the present silver value from the internet site connected beneath and then multiply that by the silver content material in each and every coin. So for illustration if the Silver Cost is $ sixteen then the worth of a Morgan Silver Dollar is 16×0.77343=.37.Recall that when you go and buy these coins the dealer may quote the price in terms of “face” (i.e. experience values) in the previously mentioned illustration he may well quote you twelve.three instances face. It is always helpful to know the spot value of any coin in advance of acquiring it so you know how a lot top quality you are paying out. For these type of coins in compact amounts it is not unreasonable to spend up to 20% and this top quality will get less the extra you get.Different coin collectors specialize in gathering distinct types of coins and amid the collectors are those who specialize in amassing silver bucks. Be aware that these coins are scarce to come across and hence a person must select people that increase in appeal in excess of time. One can simply come across out silver coin values from the Internet, which is an benefit of the silver dollars about other coins.
1921 Silver Dollar Value - Bookshelf
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