Silver is one of the most versatile precious metals and can be put to more than one use. It serves practical, as well as ornamental purposes. It has been used for making coins of different denominations, as it is a malleable metal. History of use of silver coins can be traced as back as the 15th century when deposits of silver in Germany and central Europe were beaten into coins. Thomas Jefferson advocated minting of silver dollars in United States. The first silver dollar was struck in the year 1794 as per his recommendation.
There are different types of Silver Dollars that come with different nomenclatures. Silver Dollars are also collectibles, and people who have a passion for collecting coins are always on the look out for rare ones. The Peace Silver Dollar is a favorite with coin collectors. This dollar coin meant for general circulation has 90% silver content. It is known as the true American Silver Dollar, because those minted thereafter do not have as much silver in them. The production of the Peace Silver Dollar began between 1934 and 1935, in Philadelphia, Denver and San Francisco. Its relevance also lies in the fact that it was issued in commemoration of the end of World War I.
The Morgan Silver Dollar, first minted in 1878, was named after George T. Morgan, who designed it. This coin is also popular with collectors. The Morgan Silver Dollar was not as sought after as the Peace was. It was snubbed by coin collectors to the extent that many dates, including those in mint state condition could be obtained for as little as $1.00. It was after 1962, when the U. S government started selling original 1000 pieces that Morgan came to light. Its exclusivity and uniqueness led to the expansion of the collector's base of the Morgan Silver Dollars.
There are many websites that showcase silver dollars of different kinds such as the silver JFK half-dollar, the Morgan Silver Dollar, the gold plated Silver Eagle Dollar and the Peace Dollar.
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