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In 1986, The United States of American began production of the American Silver Eagle Silver Dollar. Even though these coins are . 999 fine silver bullion, they are not the silver dollars that people are talking about when the topic of silver dollars is brought up. The silver dollars that people refer to are the old ones minted in the middle of the 1800s and early 1900s. America has minted many different types of silver dollars throughout the years, but the best silver coins to invest in is the Morgan Silver Dollar.

The Morgan Silver Dollar was authorized by the Bland-Allison Act, February 28, 1878. Minting of the coin began in 1878 and ran till 1904. It was again minted from 1921 until 1935. Up until 1965, silver coins minted by the US were all silver. This is one reason why the Morgan Silver Dollar is in such demand among collectors.

Considered by many to be the masterpiece of George T. Morgan’s career, the Morgan coin depicts Lady Liberty on one side and the American Eagle on the other. The coin commemorated westward expansion and the lore associated with the wild, wild, west.

What is unusual in the history of this coin is that the United States government minted so many of them that many of them sat locked in vaults until 1960. Many were also melted and re-minted into other coins. So, today uncirculated Morgans are quite common.

Even though there is an abundance of uncirculated Morgan Silver Dollars, that does not mean they have no value. In fact, the most rare and expensive coin of this kind is the proof coin, which is minted for collections only. The second most valuable coins are the Mint State 65 (MS65) and the Gem uncirculated coins. The Morgan Silver Dollar has . 77344 troy ounces (ozt) of pure silver. That is the same as saying it has . 848574 avoirdupois ounces (oz). The avoirdupois ounce is the standard ounce measurement used in America.

Silver dollar coins are an extremely safe investment, particularly compared to gold, palladium and platinum. Collectors hold onto their collections and rarely sell. This has kept the demand for Morgan coins high ever since the 1960s. In addition, acquiring silver coins is an excellent way to diversify investments. Diversification is important when constructing an investment portfolio; silver is a good, safe way to do just that.

Silver holds its value over the long term much better than other precious metals. The demand for silver, which is used in jewelry, industrial applications and medicine, continues to outstrip the amount of silver available for mining above ground. The demand is so great that the silver industry cannot keep up with it and are continually running behind in production. This demand helps keep the price growing.

Coins in general are simple to store at home in a flood and fire safe vault or at the bank in a secure safe deposit box. The coins are also easy to transport. No large truck necessary. Simply put the coins in a box in your car and away you go.

In addition, most collectors can afford to purchase the Morgan coins; they are not normally such a high price that only the very rich can afford them. Perhaps the best thing about the Morgan Silver Dollar is that they are ready to be used as legal tender at any time should the need arise; they are also accepted as legal tender around the world. All of these facts about Morgan Silver Dollars are solid advantages of accumulating silver coins as an investment over gold, platinum or palladium.

Learn about the advantages and benefits of using silver coins as an investment today! You can begin collecting silver dollar coins and build an investment for your future fast and easy!