I have a 1847 seated liberty silver dollar , does anyone know what it might be worth ?

These days all seated liberty dollars have to be seen so they can be checked for authenticity. There have been a lot of fakes made in China sent to the U.S. I have an 1847 seated liberty dollar with the reverse of a trade dollar that was not minted until 1873, they really goofed there. If it has been in the family for a generation or two it most likely is real, if not it is a fake. See a couple of coin dealers no one can give you a value sight unseen to many fakes out there.

You should collect what you like and enjoy. This is Your Dream. Design it any way you want.

Never-the-less, . . . decide on Foreign coins or US Coins; and Proof or Mint State. If US, then decide upon a Denomination: penny, nickel, dime, quarter, half dollar, dollar or other.

Or, decide upon a particular Period in History, e.g.: Morgan Dollars (Lady Liberty, Following Civil War), Peace Dollars (Following WWI), War Time Cents (Steel and Shell Casing - WWII), War Time Nickels (Silver - WWII), Silver quarters and dimes – pre 1965; Statehood Quarters; 20th Century; 19th Century.

Or decide upon an Historical Figure; Kennedy Half Dollars (Following his death), Lincoln Cents; Washington Quarters; Franklin Half Dollars; Eisenhower Dollars, Susan B Anthony Dollars, Roosevelt Dimes; Sacagawea Dollars. You can also choose Type Sets, Year Sets, Mint Sets, Proof Sets and Decades.

The Next Step is to decide upon the Quality of coin you want to collect. Your choices are: a) pocket change; b) bank rolls; c) US mint and proof rolls and sets (new and used); d) Buy from Coin Shows and Clubs; e) Buy on the Internet; f) Buy from coin dealer; g) Buy from coin magazine or ad. Each has their benefits and advantages. Pocket Change and Bank Rolls provide Circulated coins. The US Mint provides Uncirculated “Mint State” and “Proof” coins.

The Internet provides the Greatest Selection from private Web Sites, e.g.: www.ThePerfect-Coin.Com to the big Auctions like eBay, Yahoo, Heritage and TeleTrade. And With the advent of PayPal.com (free) it becomes very quick and easy to pay for purchases over the Internet and by Phone.

The one thing that is important in all of the above choices is the Grade of the Coin, which is closely related to Value (a topic for another article). But which leads to the next choice: Buy Slabbed or Raw? Raw coins are what you find in pocket change. Slabbed coins are those that are Professionally Certified and Graded by an Independent Third Party. The coin is then placed in a “slab”, made of plastic, identified, labeled and sealed. It actually takes 3 Professionals to decide upon the Grade of a Coin. If Buying Raw Coins, You need to Know How to Grade a Coin. Even then, there will be Disputes about the Grade. When Buying a Slabbed coin, You Know the Grade. The Grade Becomes Virtually Undisputable! All references to Price in any resource are Based on Grading, which follows the Guidelines set by the ANA – American Numismatic Association. Currently, there are only Four Companies that are Recognized for Strictly following these Guidelines: PCGS, NGC, ICG and ANACS. It is from these Professionals that one should buy slabbed coins. Buying Slabbed Coins is the First Rule of Serious Coin Collecting.

Obviously, one will be very limited in the years, mints, and varieties available from pocket change and bank rolls - both being local in nature. Even if starting with these means of collecting, always keep an open mind about other resources. So, a little future insight helps to decide that better resources will yield better coin collections. Most collections will span a greater range of years, than either pocket change or bank rolls can possibly produce. It is therefore imperative to investigate other resources.

Your Budget will usually determine the Grade of coin that you can afford to collect. MS63-MS65 is an Ideal range for collecting, not only because of the excellent condition and detail of the coins, greater availability, lower costs, and because coins in this range tend to Appreciate faster than other Grades. There item is very simple, and it has to do with the quality of the coin – or how much you want to Spend per Coin - for an average coin, for an exceptional coin, or a perfect coin. Your budget will usually determine this factor, or, how much per month you can spend (per month?) for your new Investment. Never doubt that Coin Collecting is an Investment. Although it is easy to overlook the amount of time spent on this Endeavor because two of the main ingredients are Pleasure and Enjoyment. Confucius Say:

“If you enjoy what you are doing, you will never work another day in your life.”

Think of it as a Fund. You are trading Money for . . . Money that Grows and Gives Pleasure! Properly attended, this Fund can quite possibly put someone through college.

Lastly, decide whether to collect all of the coins in your Group – including varieties and errors – or just the Regular Issue Coins. Errors and Varieties can become extremely expensive and difficult to find. Most people will avoid them.

This Concept of “Trading Money for Money” is critically important because most people shy away from spending a little more, just to get the best. And I am talking about the best in quality of coin, no matter what the Grade or Price. In other words, get a Coin with the Grade it is Supposed to Have. This is the Only way to be sure of the Value of the Coin. Spend your Money Wisely. Get what you pay for. Until you become a Professional at Grading, rely on the Professional Graders. Whether you choose to collect Kennedy Proof Half Dollars, or Jefferson Nickels from pocket change, thanks to the Internet, you will find a huge selection available, on many different web sites, to give your Coin Collecting efforts a boost. Internet Web Sites will Forever Change Coin Collecting! Why? Because Top Quality Coins can be easily Bought and Sold by any body - since they are Slabbed!

Always Know Your Grade!

Robert L Taylor, JD

Copyright 2006, Robert L Taylor, JD

About The Author

Robert Taylor is a 59 year old retired Lawyer, from Denver, CO, who spent most of his career representing people who could not afford an attorney, and who has had a passion for collecting US coins, particularly Morgan Dollars, since the age of 6. Wanting to share his Passion, he created http://www.ThePerfect-Coin.Com which features US Rare and Modern Dollars (from 1878) and Coins (from 1960), all Certified and Graded by NGC or PCGS.

For Beginning Coin Collectors, he then created http://www.Beginning-Coin-Collecting.Com which features US Modern Coins, from 1960 to 2000, that are high quality BU, Certified and Slabbed Coins that are all priced less than $10 per coin.

Having a Morgan silver dollar is to possess a coin with a history that traces back more than 100 years as this popular collector's item began circulating in 1878. A small number mints across the US produced this silver coin until 1904, with a one-year edition issued in 1921. Morgan Silver Dollar values today are chiefly based on where the coin was minted. Those that came out from the Carson City, Nevada, mint would be more valued because the mintage there was usually low.

The coin's tails side featuring the bald eagle contains the code on the mint source, and hence provide the hint at the Morgan Silver Dollar Values. The letter codes are between the letters "D" and "O" in "DOLLAR". The mintmark "P" would indicate the Philadelphia Mint in Pennsylvania, "CC" for Carson City mint, "D" for the Denver, Colorado mint, "O" for coins from New Orleans, Louisiana, and "S" for those of San Francisco, California, make.

These coins were minted with the passage of the Bland-Allison Act in 1878 requiring US Treasury purchase of silver for general circulation as dollars. The initial coin issues were named after George T. Morgan, then the US Mint's designer, who rendered Lady Liberty on the obverse side bearing his monogram. The silver content of this coin totals 0.77344 troy ounces or 24.057 grams with .900 fineness. The Philadelphia mint exclusively produced all proofs of the Morgan silver dollar, although there are also 1921 proof coins known to have come from the San Francisco mint.

The many varieties of these coins has been included in an extensive research undertaken and published by Leroy C. Van Allen and A. George Allis about 50 years ago to establish the variations in the dies used to mint US silver dollars. This led to having the Morgan Silver Dollar Values indicated in its variety classified under the so-called VAMs (for Van Allen-Mallis).

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That's all the news for today guys, so until next time, thanks for stopping by.

Update on the Brunk Auctions that are running on November 8-9. There will be some notable morgan silver dollars offered for sale for those of who with a bit of extra money to spend.

If you've been keeping up with my blog posts lately you'll know I've come to adding a few news posts from around the web on this subject. I've got a couple more today that are new and updated, so let me know what you think of em...

Large and varied sale at Brunk Auctions, Nov. 8- 9

For the numismatist, check out the 82 coin lots in the sale, especially the 550 Morgan silver dollars. A majority of the George T. Morgan designed dollars, ...  Read More...

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... dollar gets a rally here -- and I believe it is overdue for one -- then gold will probably sell off," says David Morgan, founder of Silver-Investor.com. ...  Read More...

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Rumors of gambling problems have metastasized to million-dollar judgments against Walker in decisions favoring JP Morgan Chase and Wachovia. ...  Read More...
That's all the news for today guys, so until next time, thanks for stopping by.

Hey Readers! I've been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below...

1895 O Morgan Silver Dollar Key Date Nice Piece

1885-93 dollars 1895 o morgan silver dollar key date nice piece i use a combination of digital photos, scans and magnified images to give the best photos possible. I only sell quality items that i would be pleased to receive. ...

Morgan Silver Dollars Values | Coin Blogger

George T. Morgan designed the Morgan Silver Dollars. Values of these silver dollars vary depending on several factors. Like most people that are into coin.

Rarest Morgan Silver Dollar 1895

Sometime in 1895 12000 Morgan Silver Dollars minted in Philadelphia disappeared, vanished into thin air. No records exist and no one has ever seen an 1895 Morgan Silver Dollar business strike coin...ever! It is the rarest Morgan Silver ...

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

Having a Morgan silver dollar is to possess a coin with a history that can be traced back more than 100 years as this popular collector's item started circulating in 1878. A handful mints across the US produced this silver coin until 1904, with a one-year edition issued in 1921. Morgan Silver Dollar values today are more or less so based on where the coin was minted. Those that came out from the Carson City, Nevada, mint would be more valued because the mintages there were usually low.

The coin's tails side featuring the bald eagle contains the code on the mint source, and hence provide the hint at the Morgan Silver Dollar Values. The letter codes are between the letters "D" and "O" in "DOLLAR". The mintmark "P" would indicate the Philadelphia Mint in Pennsylvania, "CC" for Carson City mint, "D" for the Denver, Colorado mint, "O" for coins from New Orleans, Louisiana, and "S" for those of San Francisco, California, make.

These coins were minted with the passage of the Bland-Allison Act in 1878 requiring US Treasury purchase of silver for general circulation as dollars. The initial coin issues were named after George T. Morgan, then the US Mint's designer, who rendered Lady Liberty on the obverse side bearing his monogram. The silver content of this coin totals 0.77344 troy ounces or 24.057 grams with .900 fineness. The Philadelphia mint exclusively produced all proofs of the Morgan silver dollar, although there are also 1921 proof coins known to have come from the San Francisco mint.

The many varieties of these coins has been included in an extensive research undertaken and published by Leroy C. Van Allen and A. George Allis about 50 years ago to establish the variations in the dies used to mint US silver dollars. This led to having the Morgan Silver Dollar Values indicated in its variety classified under the so-called VAMs (for Van Allen-Mallis).

About The Author

You can find great Morgan Silver Dollar Values at: ==>

http://SilverDollarCoins.net/