-40%
1889 Morgan Silver Dollar, 1922 Peace Silver Dollar, 1957A SC Silver story
$ 57.55
- Description
- Size Guide
Description
You will receive pictured1889 Morgan Silver Dollar,
1922 Peace Silver Dollar,
Silver Granular’s
1957 Silver Certificate
This is from Silver Story, The sets were available in the 1970’s, the album is not included.
[Information below is from the silver story]
The way the silver story goes is that these coins represents a look at a bygone era, a time when the average U.S. citizen could reach into their pocket and get a silver coin, they could open their wallet and find a bill redeemable in silver or if they were fortunate enough to be way out west they could change a five dollar bill and expect some silver dollars in change.
June 1968 will always be remembered as the official time when uncle Sam decreed that their silver certificates were no longer redeemable for silver. The tiny drops of silver granular‘s which citizens could get only by traveling to the San Francisco or New York assay office were their redemption fulfillment. No mail transactions were allowed so the number of redeemed certificates were minimal until the Dealers in Silver got into the story. By offering a bonus ranging up to 50% for a certificate, the dealers were able to redeem many millions of the bills. Intern they got bars of silver and then resold them for a minimal profit in a fluctuating market.
Silver was sold by the treasury at an official rate of 1.29999 per ounce. As the stock pile lessened, the restrictions against unlimited purchase were placed into affect and only legitimate holders of a necessary use certificate were allowed to buy at the very low price. The outside market price ran as high as 75% above the government supported figure. The bars were sold as fast as they were offered and prices and offerings for silver certificates varied from day to day during the last few months of the silver certificate redemption.
The Silver Dollar was also in the publics eye from a hectic day in 1964 when demand forced the treasury to limit the coins at the cash window, where they had been available for face value. Coin collectors in the general public soon realized that the coins were no longer to be had in exchange for paper dollars and the demand began to escalate. Even the Las Vegas gambling casinos were forced to eliminate the use of the standard silver coin and substitute a metal token to prevent their supply from disappearing.
The silver dollars are now seen only in collections or in the exhibits. The silver dollars from the 1878 through 1921 were made by an engraver named George Morgan and bear the image of a Philadelphia school teacher named Anna Williams as his model and representation of Liberty. In this group of coins there are two key dollars, the1895 and the 1893-S. Both are worth more than 00 when found in unused condition. (The 1895 is a limited issue proof coin).
Silver dollars dated from 1921 through 1935 (some years missing as no coins were made on several occasions), are known as Peace Dollars as they were originally made to commemorate the end of the first world war. The coin is the only U.S. coin to specifically honor peace. The image on the coin is the sculpture’s wife and she represents Liberty in the truest sense as she was a recently arrived Sicilian immigrant. Anthony De Francisci’s bride was Maria Therese Cafarelli.
But no matter the history of the Silver Dollar, it’s aid in circulation – the certificate or granular’s – the story of silver is vital to every American because it represents a change in viewpoint by official Washington. The currency of the U.S., no longer tied to gold since 1933, is now almost gone from any ties to silver. The student of economics of tomorrow will know the truth of the policy change. Was it for the best or was it an inflationary act? They can look at the coins here and relish the thought that this generation and silver are synonymous.