Silver and Your Coin Collection
If your coin collection has stagnated recently, it may be time to get some new coins. Think about selling some of your old ones!
If you’ve been coin collecting for a while, you may know that coins made before 1965 are higher in silver than new ones. And since silver is close to an all time high, there has never been a better time to sell. For example, in Wausau, WI a 1894-S Barber dime recently sold for $1.9 million dollars. An 1893 Morgan silver dollars was valued at $19,000. Not bad, right?
Silver coins are always valuable, and make a great investment. They have been in use since the 4th millennium B.C. when silver was separated from lead ores in the Aegean islands. Eventually silver coin supplies were used in Ancient Rome. During this period there were more than 10,000 tons of silver coins in currency.
Silver has long been used as an antibacterial. Sailors used to drop a silver coin in a barrel of wine and water to keep it pure. By 1920, the FDA had approved a number of antibacterial silver solutions.
So if you have silver or gold and you’re looking for new coins, now is a good time to sell and re-invest in your coin collection.
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Posted on: Monday, January 24th, 2011 at 9:01 am
Posted in: coin supplies
Tags: coin album, Coin Collecting, coin collection, coin collections, coin folders, coin holders, coin storage, coin supplies, dansco coin, state quarter map