Important Information on U.S. Silver Type Coins

There are numerous coins that have been manufactured by the U.S. Mint since its inception. Many of these coins contain silver. Silver coins minted for general circulation were produced for approximately 170 year, beginning in 1794 and ending in 1964. The value of silver increased to such a level that it became cost prohibitive to continuing using silver in the production of coins.

A number of different type of silver coins were produced during the nearly two century production of silver coins, including, but not limited to half dimes, three-cent silver pieces, quarters, half dollars, and dollars. Whether selling silver coins or adding them to your collection in your goal, the following information is sure to be of benefit to you:

Three-Cent Silver Pieces The three-cent silver piece is the smallest U.S. coin ever produced. It is only 14 mm in diameter. The three-cent silver piece was minted from 1851 through 1873. The size of these coins makes them recognizable, but you can confirm that you have one in your possession by observing a six-point star on the obverse, or the front of the coin and the Roman numerals “III” on the reverse.

Nickel While most Jefferson nickels are composed of nickel and copper, this was not the case for most nickels minted in 1942, and all nickels minted from 1943 through 1945. During this time period, Jefferson nickels were produced with 35 percent silver. This is because copper was needed to produce ammunition during World War II. Half Dime Prior to the nickel, the half dime was used as the five-cent piece in the U.S. It was minted from 1794 through 1873; with a few changes made over the years as coin types changed. Initially, the half dime featured Lady Liberty on its obverse side and an eagle on the reverse. It was later redesigned by adding a flag to the front of the coin. The words “Half Dime” are inscribed on the reverse side of the coin.

Dime The design of the dime remained the same as the half dime until the mintage of Barber Head dimes. The Barber head design was featured in the dime from 1892 through 1916. This was soon followed by the Mercury design through 1945, and then the Roosevelt design from 1946 through current.

Quarter Until 1916, the quarter shared many of its designs with other denominations. This lasted until the production of the Standing Liberty quarter. It was minted from 1916 through 1930 and it features Lady Liberty with an olive branch and shield. A flying eagle can be found on the reverse side of the coin.

In summary, there are several steps that one can take to increase their chances of success when selling silver coins. First, identify the type of coin in your possession, read up on the coin’s history, and identify its unique characteristics. In doing so, you’ll be able to properly value your coins and increase the chances of receiving the full value of your coins when selling to reputable coin dealers. Atlanta Gold & Coin Buyers