Investment For Your Future: 1879 Silver Dollar, Is It A Good Investment?

Is buying silver coins a good idea? Why should you invest money in silver coins instead of shares and real estate or properties? Well, mate, here’s the thing, you can purchase real estate but you do need to take into consideration that it requires a great deal of maintenance, not to mention you need to pay taxes for it and it is a non-liquid asset. As you might already know that the property market is no longer predictable. When it comes to shares you have to understand that you are not buying shares, you are buying a company and the reason you’re buying it is due to the fact it is profitable, but for how long? Silver coins on the contrary are a sensible investment today because it requires little upkeep and the demand is very high.

Buying gold and silver is really popular nowadays. The bullion prices have increased greatly in the past couple of years. Silver can be a really successful investment.

In 2006 to 2008 gold was outperformed by silver in the market, which made silver pretty popular to traders. Now if you are a collector you would undoubtedly enjoy coin collecting, and what are coins made from? Gold, and? Silver right? In this manner, collecting coins is actually the most rewarding hobby. When you begin you’ll be hooked immediately. The 1879 silver buyers is easily the most popular coin for collectors.

The Read more about Silver Coins

The 1879 Morgan silver dollar consists of five mints which represent a city and these had six variations. George Morgan created this coin. The best place to buy silver info is a valuable coin and is quite popular for a lot of coin collectors. Coin dealers and collectors always examine the condition of coins. If your coin is of good quality it is ideal, if your 1879 dollar is heavily worn they have very small worth, nearly as close as the existing worth of silver. George Morgan also created another popular coin, the 1879 Schoolgirl Silver Dollar. The coin has lady liberty facing to the left, her hair combed back and tied up with a ribbon.

Figuring out Your Coin’s Value

Today the 1879 silver dollar value varies. A coin’s worth depends upon the mintmarks. 1879 CC dollars weren’t manufactured on large scale and consequently they are pretty rare nowadays. Condition is also one thing to think about when determining the worth of your 1879 silver dollar. Coin collectors and coin dealers generally prefer coins in mint condition and if the condition of your coin is good, it can sell high.

Mintmarks

Another crucial thing that determines the worth of a coin are the mint marks. Coins produced at Carson City mint are marked as “CC”. An “S” is engraved just under the ribbon if the coin is made at the San Francisco mint. If you notice an “O” it is from New Orleans and if there’s no mint mark then it was struck at the Philadelphia mint. Uncirculated 1879 CCs could go for as high as $2,794 while uncirculated 1879 silver dollars with a mintmark “S” would sell for $31.67.

Collecting silver coins is a pleasurable hobby. It provides you with the pleasure of having a piece of national history while providing you with a top quality investment. When collecting coins make sure you check for mintmarks and signs of damage since this also establishes the silver dollar’s value.

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