Investment on Silver Dollar

Investing on precious metals, such as the bullion, gold coin and silver coin, can indeed be a wise investment move. How, you say? Money or currencies, especially paper bills, are losing their value since these currencies are nowhere near stable ground what with prices fluctuating each day. Investing in precious metal such as a silver dollar and having it physically with you, now that gives you leverage. You see these coins actually are made with real silver. And real silver costs much more than what that coin costs at face value.

 

How much silver is in a silver dollar?

 

It depends upon what silver coin we are talking about. Do you want to know about the Morgan dollar’s ASW (actual silver weight)? Or perhaps you are asking about the Peace Dollar? The Morgan Dollar, Peace Dollar, and Liberty Seated Dollar contain 0.77344 troy ounces ASW (actual silver weight) of pure silver. The Eisenhower Dollar contains 0.3161 troy ounces ASW. The Silver Eagle Dollars are bullion coins and has 1 oz.0.999 fine silver.

 

But what do these numbers mean, about how much silver is in a silver dollar if we are to relate it to the latest silver price? We will present to you each coin separately to produce a better picture.

 

  1. Morgan Silver Dollar (1878 to 1921)

 

This coin has Lady Liberty in the front image with and eagle holding arrows and an olive branch in the reverse. It weighs 26.73 grams and has 90% silver and 10% copper. Base on the market price (which is $21.82 on October 17, 2013) is based in troy ounces, we need to convert to grams and multiply metal price by .0321507466. Thus, (21.82 × .0321507466 × 26.73 × .90) = $16.8766888630.

 

This means that the actual value of the Morgan Dollar is $16.8766888630

  1. Peace Silver Dollar (1921-1935)

 

This coin has Lady Liberty in the front image with the perched eagle in reverse. It weighs 26.73 grams and has 90% of silver over 10% copper. Using the same formula used in the Morgan Dollar, the value of the Peace Silver Dollar is $16.8766888630 as well.

 

  1. Eisenhower Silver Dollar (1971-1974, 1976)

 

This coin has Dwight D. Eisenhower in the front image with the eagle flying over the moon in reverse from 1971-1974 and the bicentennial design with Liberty Bell in front of the moon in 1976. It weighs 24.49 grams and has 40 % silver and 60 % copper. Using the same formula used in the Morgan Dollar, the true value of the Eisenhower Silver Dollar is $6.9002421044 as well.

 

  1. Silver Eagle Silver Dollar (1986-2013)

This coin has Walking Lady Liberty in the front image with the heraldic eagle behind a shield in reverse. It weighs 31.1034768 grams (1 troy ounce) and is99.9 % silver. Using the same formula used in the Morgan Dollar, the true value of the Silver Eagle Silver Dollar is $21.7981800212

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