Monday, November 4, 2013

5 Mistakes Coin Collectors Make

Beginner Coin Collecting Tips, Rare Coin Collectors Guide

Beginner Coin Collecting Tips: Avoid These 5 Mistakes

When one takes on any new endeavor, there are many early obstacles to watch out for and coin collecting is no different. For the veteran coin collector, some of these mistakes may seem obvious, but only because they’ve learned through trial and error. You don’t have to make the same mistakes we did! At U.S. State Quarters, we want new coin enthusiasts to avoid early setbacks and get their coin collection in full swing in no time.

Morgan Silver Dollars

rare morgan silver dollar coins, us silver dollars

Highly Collectible U.S. Silver Dollars

1878 was a momentous year for U.S. coin collectors; with the ban on silver coinage lifted, the U.S. began to produce some of the most highly sought-after numismatic coins. Each Morgan silver dollar is minted from 90% pure silver, thanks to the historically groundbreaking silver strike in Nevada at the time. As mobile devices continue to drive the demand for industrial silver ever higher, the precious metal content of these coins alone makes them a worthwhile investment. However, history has conspired to make these coins far rarer than the metal that they contain.

Friday, September 20, 2013

1921-D Morgan Silver Dollars

by Jack Chapman

The 1921-D Morgan Silver Dollar is the only issue in the series minted at the Denver Mint. Notably, this is the only year that you can acquire a coin minted at the Denver, Philadelphia and San Francisco Mint. This year saw the return of the silver dollar after a seventeen year absence.

20,345,000 of these coins were minted in 1921 making this one of the more common dates in the series.

Some of the nicest examples of Morgan Silver Dollars we have seen have been from this year. The strike is sharp, and the condition of these coins when you find the brilliant uncirculated examples of them can be breathtaking.

The metal composition of these dollar coins in 90% silver and 10% copper. The diameter is 38.1mm and the weight is 26.73 grams. There is .7735 troy ounces of silver in one Morgan Dollar. As of the writing of this article the silver value of one coin would be $16.94 based on a silver price of $21.90 per ounce.

There is a numismatic value associated with each one of these coins. You can find them relatively easily and for a price not much over spot for junk silver. However when buying better quality collector coins you can expect to pay somewhere in the range of $40-$60 for a coin in Extra Fine to Uncirculated in condition. Brilliant uncirculated coins can be anywhere from $60 to hundreds of dollars depending on the grade. The higher the grade the more intrinsic value the coin has.

You can purchase these coins online at our store, or by calling us toll free at 866-241-9901. Just click on the link in the first sentence to be taken directly to the page on our website where you can view our current inventory.

Sunday, September 15, 2013

Indian Head Cents - How to Grade and Buy

by Jack Chapman

The Indian Head Cent, or penny is one of the first coins I started collecting as a kid. These pieces of American history are considered to be favorites with numismatics worldwide. These U.S. Coins started their initial run in 1859 and ended in 1909 giving way to the Lincoln Cent that we still use in commerce today.

Each year the Philadelphia Mint produced the coins. However the San Francisco Mint also minted these pennies in 1908 and 1909.

The Indian Head Cent was designed by James Longacre an engraver at the U.S. Mint. The obverse of the coin (heads) features a Native American Indian wearing a headband with the words LIBERTY on it. The letters in the word LIBERTY are very useful when grading these coins. The outer edges of the coin have the words United States of America and the year of issue. The reverse of the coin (tails) side had two designs.

The first design latest only one year, 1859. It featured a laurel wreath with the words ONE CENT inside of it.

In 1860 the reverse design was changed to an oak wreath and a shield with the words ONE CENT still inside.

For the first six years the pennies had a metal composition that was 88% copper and 12% nickel. Then in 1864 it was changed to 95% and 5% tin and zinc.

Grading Indian Head Cents

These are the basic guidelines when grading Indian Head Cents. Grading is subjective and at times a coin may be graded differently by different people. 

Good Condition (G4) - No letters in the word LIBERTY are visible.
Very Good (VG7) -  At least three letters in LIBERTY are visible.
Fine (F12) - All of the letters in LIBERTY are visible.
Very Fine (VF20) - There is slight, buy even wear on the letters in LIBERTY.
Extra Fine (EF40) - All letters in LIBERTY are sharp as well as are the details in the coin. There is just slight wear on the ribbon ends on the reverse.
Almost Uncirculated (AU50) - Minor traces of wear above the ear and lowest curls of the hair.
Brilliant Uncirculated (MS60) - No traces of wear, though there may be some blemishes on the coin.

Where to Buy Indian Head Cents

You can purchase these coins at any local coin dealer in your town, or you can buy them online. We do sell these coins ourselves and have all of the years and most of the grades in stock at U.S. State Don't let our name fool you, as we carry thousands of properly graded U.S. coins.

Tuesday, August 13, 2013

Morgan Silver Dollars: America's favorite coin now on sale


Morgan Silver Dollars are one of the most collected coins in the world. Minted from 1878 - 1904, and again in 1921 the Morgan Silver Dollar is loved by numismatists worldwide.

These large dollar coins are available in grades ranging from good, as shown in the picture to brilliant uncirculated in condition.

The Morgan Silver Dollar has 90% silver and 10% copper composition and a diameter of 38.1mm.
The amount of silver in the Morgan Dollar is equivalent to .7734 ounces. 

The Morgan Silver Dollar was minted at several different U.S. Mint facilities. The Carson City Mint (CC), Philadelphia Mint (P), San Francisco Mint (S), New Orleans Mint (O) and the Denver Mint (D). The Denver Mint coins were only produced in 1921.

We are pleased to be able to offer hundreds of Morgan Silver Dollars for sale at prices well below most dealers. We offer free shipping and strict Photograde graded coins for your consideration. You can buy these gorgeous coins from as low as $40 in some cases. The coins do have a numismatic value as well as a intrinsic silver bullion value which can cause the prices to rise and fall with the silver market. 

We offer a wide selection of Morgan Silver Dollars either in the raw form so you can place in your coin album, or graded by third party grading services like PCGS and NGC all backed by our 14 day return policy.