One of the best ways to begin a numismatic portfolio is by purchasing coins from a particular series. When starting a collection, you can buy rare silver coins as a set, such as in chronological order, segregated by mint, or error/die varieties. Who wouldn’t want a complete set of coins that span the whole date range of Silver Eagles, from when they began minting to our current year.
For example, the 1986-2023 PCGS MS70 Silver American Eagle Collection is a very popular set. For some collections, we also have notable people in the precious metals world hand-sign the grading label. With so many different types of coins available, silver numismatics are a great way to invest in rare and desirable pieces of history.
Endeavor Metals is honored to stock some of the most prestigious collectibles for those looking to buy rare silver coins in pristine condition. The United States has produced some of the most iconic silver numismatics of all time. Tracking them down can be incredibly difficult, especially highly graded pieces. We can help. Here are some of the most famous silver coins ever minted.
Minted in 1794 and 1795, the Flowing Hair Dollar was the first American dollar coin. There are only 120-130 1794 Flowing Hair Dollars known to exist, so it’s no surprise that this beloved coin has become one of the most valuable United States coins. While 1795 Flowing Hair Dollars are more common, they’re still extremely rare and highly coveted.
Those who want to buy rare silver coins with historical significance would do well to consider the Draped Bust Dollar. While the Flowing Hair Dollar is unattainable to the vast majority of collectors, Draped Bust Dollars are similarly celebrated, but more attainably priced. That said, these silver numismatics are still highly distinguished coins worthy of only the most esteemed collections.
The Draped Bust design replaced the Flowing Hair design in 1795, remaining in production until 1803. In 1834, the U.S. Mint started minting them again on a temporary basis as part of a diplomatic mission to Asia. Because officials incorrectly thought the coins had been minted in 1804, they were dated accordingly. As you might expect, 1804 Draped Bust Dollars are extremely rare.
If you’re going to buy rare silver coins, it’s important to realize that not all American Silver Eagles have numismatic status—some are simply investment-grade bullion coins. However, there are some rare versions of this classic coin that are valued as collector’s items.
For example, 1994 and 1996 American Silver Eagles were produced in much lower quantities than other years, making them very scarce today. Additionally, 1986 American Silver Eagles are quite valuable because 1986 was the year they were first issued.
While these numismatics have intrinsic value due to their silver content, people mainly choose to invest in them because of their scarcity. Since they are only available in limited quantities, their value rises as more and more collectors scoop them up for their personal collections.
Numismatics are graded using the Sheldon Coin Grading Scale. The scale runs from 1-70, with 70 being the highest or the “perfect” grade. A “perfect” grade of MS-70 means there are no marks, even when using an eye loupe or magnifier, and the color, luster and strike are exceptional. If you are looking to buy rare silver coins at a lower price, grades MS-68 to 69 are still near exceptional levels, as the main difference would be small, light marks that are only visible upon closer inspection.
Besides the physical appeal of numismatics, there are a maximum number of coins struck by their refineries annually, and only so many will achieve that “perfect” MS-70 (Mint State 70) rating. This is the basis of the coin's rarity, and in turn, its value.
Purchasing numismatics can be a safe and potentially lucrative investment, but it’s important that you take precautionary steps before you buy rare silver coins. Follow these important guidelines to ensure you’re purchasing authentic products at a fair price.
To start a numismatic coin collection, spend some time learning about coins. Eventually, you’ll find one that would make the perfect first piece. There are no rules in coin collecting—it’s a personal thing.
For example, some collectors buy rare silver coins from all over the world. Others prefer to seek our coins with minting errors or other varieties. Some build sets with sequential years, such as the popular 1986-2023 PCGS MS70 Silver American Eagle Collection. You could even collect silver numismatics that were minted in the year you were born.
Silver numismatics are a fantastic investment vehicle for collectors and speculators. However, if your goal is simply to invest in silver bullion, you may not want to buy rare silver coins. Bullion silver coins or silver bars may be a better option for you. Contact us so our in-house precious metals specialists can help you make the right decision.
Endeavor Metals is a Tier 1, United States Mint bullion dealer. We are members of multiple reputable organizations, including the prestigious Silver Institute, the Industry Council for Tangible Assets, the American Numismatic Association, and the Certified Acceptance Corporation (CAC). All our products come with a 7-day, 100% money-back guarantee. Diversify your financial portfolio, and enjoy a rewarding hobby at the same time!
Numismatics are collectible coins that are valued according to numerous factors beyond their silver content, including their rarity, condition, and market demand.
Both diversify your financial portfolio in unique ways, so the best choice simply depends on your personal goals.
The Sheldon Coin Grading Scale is a 70-point assessment scale that determines a coin’s condition, with a 70 grade representing a perfect coin.
Before you buy rare silver coins, make sure the coin has been graded by an established third-party service such as the PCGS or NGC. These grading services take multiple factors into account, including surface preservation, strike, luster, coloration, and eye appeal.
Collecting silver numismatics from a specific series is a fun part of the hobby, and a complete set may be worth more than its individual pieces. For example, you could try to collect Silver Eagles from the first mint year (1986) up to the current year.
If you decide to sell your numismatics, you may be able to sell your set for a higher price than the individual coins.
Before you buy rare silver coins, always make sure you’re working with a reputable dealer that is vetted by both the numismatic community and established numismatic organizations.
Endeavor Metals is a Tier 1 dealer with an A+ accredited grade on the Better Business Bureau and a 4.9 Google star rating. We also belong to numerous trusted organizations, including the American Numismatic Association.
Our silver numismatics are always graded by the PCGS or NGC to ensure authenticity and accurate value. So place your order with 100% confidence.