American Silver Dollar Views
American Silver Eagle bullion coins carry a face value of one dollar. This is their legal value reflecting their issue and monetization as coins. Per 31 U.S.C.a §B 5112(h), the coins are legal tender for all debts public and private at their face value of one dollar. This face value does not reflect their intrinsic value which is much greater and is dictated by their silver content and the metal's spot price.
Before the Revolutionary War, coins from many European nations circulated freely in the American colonies, as well as coinage issued by the various colonies. Chief among these was the Spanish silver dollar coins (also called pieces of eight or eight reales) minted in Mexico and other colonies with silver mined from Central and South American mines. These coins, along with others of similar size and value, were in use throughout the colonies and later the United States and were legal tender until 1857.
The Liberty Seated silver dollar followed in 1840 and continued until Congress eliminated coinage of the silver dollar in an act commonly referred to as the Crime of '73 . This Act, which moved the United States from a bimetallic standard (a monetary standard based upon gold and silver) to a gold standard was reviled by miners and the average American who had no ready means of converting their silver coins to gold.
1885 Morgan O Silver Dollar This coin, also a coin designed by George T. Morgan has the mintmark O, which means that this coin has been struck in New Orleans city. (A great American city with a long history and I hope also a great future after what happened)) Click on the picture for more information about the American 1885 Morgan O silver dollar. 1885 Silver Trade Dollar One of the rarest coins of this planet would be the best way to describe the 1885 trade dollar. Designed by William Barber and with only five proofs struck it is the rarest coin.In January 2006 an authentic 1885 Trade Dollar was sold for $3.3 Million at an auction in Dallas, Texas, USA.
American Silver Dollar Images
