Silver dollars were regarded as some of the heaviest silver coins with the purest silver. The beauty of the coin lies in the art and design on it, brilliant craftsmanship and the value that it holds today!
Today the coin investments and trading has become more common due to the high rise in prices of the rare coins. A rare silver dollar can bring immense money while a more popular silver dollar might just stand only of its value.
The worth really depends on the structure, purity and condition of the coin!
Coins of numismatic importance
Numismatic study reveals the true historical importance of the coins. This goes back into time to understand the making, date of manufacture, art, craft, when it was used etc to determine if it holds any importance today or fills a picture. Therefore when a silver dollar is brought to the market its numismatic value calculates its intrinsic value that is pertinent today get a worth out of it. Some silver dollars even go up to making a million per coin to the investor.
Valuation of the metals
The fact that the heritage coins have been much in demand is due to the metals used in them. Unlike today, the metals used then included gold, silver, copper etc of the utmost purity. And thus the value of these coins when traded today with even just the value of the metals proves to be high. And when the added craft, historical importance etc is calculated with it – they become worth twenty to fifty fold of its original worth.
Not all the coins have a high market value. It really depends on the demand of the coin and the price people are ready to pay for it. Approaching a coin and jewelry store might help you understand the worth of it really well. Sometimes the traded price is much low but the increase is anticipated and thus people wait for the time keeping these coins as their investments. The trade price is determined when there are buyers for the coin. Selling it in an auction fetches more money than regular market.
Investment in silver dollar has made a lot of people turn into millionaires. The idea just has been to wait for the right time until the coin gets really important and holds its true value today. And then when you sale, the buyers are ready to pay an escalated worth for the same silver dollar.