Silver coins

History of silver coins

The use of silver as a medium of exchange dates back to ancient civilizations. The Greeks, Romans, and Chinese were among the early adopters of silver coins as a form of currency. These coins were often adorned with intricate designs, reflecting the artistic and cultural values of their respective societies.

From Ancient Rome through the Medieval Times silver coins were a measure of their value, establishing a standard for transactions. During the 1600’s silver coins were widely used in international trade. Then in 1792, the U.S. Mint was established. The Coinage Act authorized the production of various silver coins, including the iconic silver dollar. Over the years, silver coins like the Morgan Dollar and the Peace Dollar became staples in American currency.

Artistry of silver coins

One of the distinguishing features of silver coins is the artistic craftsmanship that goes into their design. From intricate engravings to symbolic imagery, each coin tells a story about the culture and values of the time in which it was minted.
For example, the Walking Liberty design on the U.S. Silver Eagle, first minted in 1916, is a powerful representation of freedom and resilience. The obverse features Lady Liberty draped in the American Flag, striding confidently toward the sunrise. Such artistic elements elevate silver coins beyond mere currency, transforming them into miniature works of art.

Investing in silver coins

Silver coins serve as a tangible investment with the potential for both intrinsic and numismatic appreciation. Investors often turn to silver coins as a way to diversify their portfolios and hedge against economic uncertainties.
The value of silver coins is influenced by factors such as the current price of silver, rarity, condition, and historical significance. Some investors focus on accumulating bullion coins with high silver content, while others seek out rare and graded coins for their numismatic value.

Types of silver coins

Bullion coins are typically produced by government mints and are valued for their metal content. These coins are often issued with a purity of 99.9% or higher and are recognized as legal tender. Popular examples include the American Silver Eagle, Canadian Silver Maple Leaf, and the Austrian Silver Philharmonic.
Numismatic silver coins, on the other hand, derive their value not just from their metal content but from their rarity, historical significance, and condition. These coins are often collected for their beauty and unique features. Examples of numismatic silver coins include the Saint-Gaudens double eagle and the British Silver Britannia.

United States coins

United States dimes, quarters, and half dollars were minted from 1792 – 1964 and contain 90% silver. As a result, these silver coins are worth much more than face value. From 1965-1970 United States Kennedy half dollars were made with 40% silver content. From 1942-1945 “war nickels” were made and contain 35% silver, and as a result, these nickels are slightly darker grey. It is never recommended to clean or polish your silver coins it can diminish the coin’s value. As legal United States tender, it is against the law to melt any US currency regardless of the amount of silver down. As most coins were made in the millions they may hold more of a sentimental value than actual value. In addition to silver coins the United States Mint produced proof sets and mint sets, The Man of Silver will purchase your United States coins as well as proof sets mint sets, older pennies and nickels.

Sell your silver coins and more in Chicagoland

The Man of Silver will buy your silver coins, Sterling Silver and silver plate flatware, Sterling Silver Jewelry in any condition, Sterling Silver and silver plate tea sets and trays, Sterling Silver and silver plate bowls, gold jewelry, luxury watches, Sterling Silver and silver plate candlesticks and candelabras, costume jewelry and fashion jewelry.

Every day I work with clients in the comfort of their homes, offices, or banks in the counties of Cook, Lake, Kane, McHenry, and DuPage. I also see clients in my office in Lincolnwood, Illinois. The Man of Silver has a family tradition in the Chicago area of serving customer’s needs. My family has helped tens of thousands of happy customers over the past 60 years. I am committed to giving my customers the best price on the silver or silver-plated pieces that they are selling based on the live price. Place your trust in a local company with roots in Chicagoland.