To trace the origin of the first American silver dollars in the U.S., one must return to the Revolutionary War era and the adoption of our Constitution – authorized by the Coinage Act of 1792, these silver units of currency had a face value of $1 and were first struck in 1794 with the Flowing Hair design.
Morgan (1878-1921) and Peace (1921-1935) silver dollars were first used by early generations of Americans for everyday commerce, and now represent the most popular general circulation silver coins ever produced by the U.S. Mint.
In spite of short gaps in production, six different silver dollar designs were produced from 1794 until the Great Depression. The Comstock Lode in 1859, the first major discovery of silver ore in the U.S., is considered the seminal moment in the coin’s history and dramatically increased production.
Why buy silver dollars?
Morgan and Peace silver dollars represent an affordable, cost-effective way to invest not only in silver, but in a historic coin that was once legal tender and used in everyday transactions.
- Consistent purity – the vast majority of silver dollars, especially those minted after 1878, contain exactly 0.7734 troy ounces of silver
- Durability – silver dollars consist of 90% silver and 10% copper, which makes them eye-catching and incredibly durable
- Collectors' value – collectors AND investors flock to silver dollars like the Morgan, Peace and others due to their value beyond the silver content.
Silver dollars – including today's Silver Eagles – have a face value of $1, yet their inherent value is much higher, which demonstrates their ability to grow and preserve wealth.
If you're looking to invest in silver and own a striking coin that's an important piece of American history, we invite you to consider American silver dollars.
How can I buy silver dollars?
Although silver dollars like the Morgan and Peace can be found at trade shows, online auctions and in coin shops, Provident Metals offers a vast selection that is competitively priced.
Coins like the Morgan and Peace silver dollar are considered both numismatic and investment products, so expect to pay a slightly higher premium. If your goal is to invest in metals solely, you may want to consider the Silver Eagle, Canadian Silver Maple, or 90% junk silver as alternatives.
Our online ordering system makes buying silver dollars like the Morgan, Peace and many others fast, easy and safe – once you place an order and funds clear, you can expect to receive your order in just a few short days.
If you prefer to place an order by phone however, or simply have a question, feel free to contact one of our expert representatives by calling (800) 313-3315.