American silver coins

American silver coins

Here you will find fantastic, detailed histories of old US silver coins.

American silver dollars

Dollar coins have been minted in the United States in gold, silver, and base metal versions. The term silver dollar is often used for any large white metal coin issued by the United States with a face value of one dollar, although purists insist that a dollar is not silver unless it contains some of that metal.

The first dollar coins issued by the United States Mint were similar in size and composition to the Spanish dollar. The U.S. dollar was created by the Constitution and defined by the Coinage Act of 1792. It specified a “dollar” to be based in the Mexican peso at 1 dollar per peso and between 371 and 416 grains (27.0 g) of silver and an “eagle” to be between 247 and 270 grains (17 g) of gold. The value of silver contained in the dollar was then converted into relative value in the economy for the buying and selling of goods. This allowed the value of things to remain fairly constant over time, except for the influx and outflux of gold and silver in the nation’s economy.

Flowing Hair Silver Dollar, 1794-1795
Silver Dollar, 1804
Gobrecht dollar, 1836 – 1839
Seated Liberty dollar, 1836–1873
Trade dollar, 1873-1885
Morgan dollar, 1878-1921
Peace dollar, 1921–1935

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