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A Beginner’s Guide to Coin Collecting in Florida: Silver Dollars Edition

A Beginner’s Guide to Coin Collecting in Florida: Silver Dollars Edition

Florida, known for its sandy beaches, tropical climate, and rich history, is a fantastic place for coin collectors to embark on their numismatic journey. Coin collecting, or numismatics, offers a unique opportunity to delve into history and amass a collection of fascinating and valuable pieces. In this beginner’s guide, we will focus on collecting silver dollars, including Morgan dollars, Peace dollars, and American Silver Eagles. We’ll also introduce you to Vermillion Enterprises, a trusted coin shop located in Spring Hill, Florida, where you can start or expand your collection.

Morgan and peace silver dollar

Why Silver Dollars?

Silver dollars hold a special place in the world of coin collecting. They are not only prized for their historical and aesthetic value but also for their substantial silver content. Three main types of silver dollars are particularly popular among collectors:

  1. Morgan Dollars: Minted from 1878 to 1904 and briefly in 1921, Morgan dollars feature the beautiful image of Lady Liberty and the bald eagle. These coins are named after their designer, George T. Morgan.
  2. Peace Dollars: Struck between 1921 and 1935, Peace dollars are notable for their portrayal of Lady Liberty with a radiant crown on the obverse and a perched eagle on the reverse. They were minted to commemorate the end of World War I.
  3. American Silver Eagles: These are modern silver bullion coins first issued in 1986. They feature a classic design of Walking Liberty on the obverse and a heraldic eagle on the reverse.

Key Dates and Varieties

When building your collection of silver dollars, it’s important to be aware of key dates and varieties that are particularly sought after. Here are some key dates and varieties for each type of silver dollar:

Morgan Dollars

  • 1878 7TF: The first year of the Morgan dollar series, known for seven tail feathers on the reverse.
  • 1889-CC: Carson City mint, with a limited mintage, is highly collectible.
  • 1893-S: One of the rarest Morgan dollars, highly coveted by collectors.
  • 1903-O: New Orleans mint, notable for its low mintage.

Peace Dollars

  • 1921 High Relief: The first year of issue with a high-relief design, highly sought after by collectors.
  • 1928-P: The Philadelphia mint variety with a low mintage, making it rare.
  • 1934-S: San Francisco mint, known for its limited production.
  • 1935-S: The final year of Peace dollar production.

American Silver Eagles

  • 1986: The inaugural year of the series, featuring a key date.
  • 1996-P: The Philadelphia mint variety with a lower mintage, making it collectible.
  • 2015-(W) Burnished: A variety with a “W” mintmark from the West Point Mint, highly valued by collectors.
  • 2021-(P) Emergency Production: A rare issue with the “P” mintmark for Philadelphia due to production demands.

Resources for Beginners

To make the most of your coin collecting journey, it’s crucial to access valuable resources:

  1. Books and Guides: Invest in numismatic books and price guides specific to silver dollars, which can provide historical context, grading information, and pricing data.
  2. Online Communities: Join online forums, such as CoinTalk or the American Numismatic Association (ANA) community, to connect with experienced collectors, ask questions, and share your finds.
  3. Local Coin Clubs: Consider joining a local coin club in Florida to attend meetings, learn from seasoned collectors, and participate in coin-related events.
  4. Coin Shows: Attend coin shows held in Florida to buy, sell, or trade coins and interact with dealers and collectors.
  5. Professional Grading Services: When your collection grows, consider using professional grading services like PCGS or NGC to authenticate and grade your coins.

Finding Silver Dollars at Vermillion Enterprises

For those in Spring Hill, Florida, Vermillion Enterprises is an excellent destination to start or enhance your collection of silver dollars. They offer a wide selection of silver dollars, including Morgan dollars, Peace dollars, and American Silver Eagles. The knowledgeable staff at Vermillion Enterprises can assist you in finding the right coins for your collection and offer fair pricing for both buyers and sellers.

Storing and Protecting Your Collection

Proper storage and protection of your silver dollar collection are crucial to maintain its condition and value. Consider using airtight coin holders or protective capsules to shield your coins from damage. Store your collection in a cool, dry place to prevent tarnishing and oxidation. Minimize handling the coins directly to avoid transferring oils from your skin, which can lead to long-term damage.

The Joy of Coin Collecting

Coin collecting is a multifaceted hobby that goes beyond acquiring valuable items. It’s about the thrill of discovery, the satisfaction of finding rare treasures, and the opportunity to connect with history. Whether you’re a seasoned collector or a beginner, Florida provides a vibrant backdrop for your numismatic journey.

Begin your collection of silver dollars with Morgan dollars, Peace dollars, and American Silver Eagles. Explore the key dates and varieties mentioned in this guide, and consider visiting Vermillion Enterprises in Spring Hill, Florida, to start or enhance your collection. Coin collecting is a rewarding and educational pursuit that can last a lifetime. Embark on this exciting journey to uncover the treasures of the numismatic world in the heart of Florida.

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