Dollars
US dollar coins hold an esteemed place in the annals of American currency. First minted in 1794, these coins were born from a need to establish a robust national currency to stimulate economic growth and trade. Over the centuries, these coins have featured an array of influential figures and symbols, each one telling a unique story of its own. New collectors often enjoy starting with 1921 Morgan Dollars, while seasoned collectors may be interested in adding brilliant old dollar coins like Liberty Seated Silver Dollars to their collection. No matter which dollars interest you most, you’ll find them in our diverse collection.
America's Coin: The Rich History of the US Dollar
Origin
Before the advent of US dollar coins, Spanish milled dollars were a trusted trading currency. As the new nation sought economic independence, the Coinage Act of 1792 established the US Mint and a decimal currency system. The first US dollar, known as the Flowing Hair Bust Dollar, was minted in 1794. This coin not only offered a viable alternative to foreign currency but also served to promote national identity.
One of the most popular coins for sale in our catalog is the Morgan Silver Dollar. Named after their designer, George T. Morgan, these dollars were minted from 1878 through 1904, with a brief resurgence in 1921.
In December 1921, a new series of coins, the Peace Dollars were produced, replacing the Morgan Silver Dollar. This series continued through 1935. After that, no dollar coins were produced until 1971, when the Eisenhower Dollar (nicknamed the “Ike Dollar”) was minted. It was produced until 1978.
Design
The designs of dollar coins are a testament to the nation's history, commemorating significant figures and events. Notable designers like George T. Morgan and Frank Gasparro have lent their artistic talents to these coins, and the designs were chosen to reflect the spirit of the times and the values of the nation.
Dollars featuring the first historical female figure on a coin, Susan B. Anthony, were introduced in 1979 in clad only. Since 2000, Native American manganese brass dollars have been minted showcasing Sacagawea on the obverse. Annual sets of Presidential Dollars were produced from 2007 to 2016 and 2020, while Innovation Dollars, featuring works of American Innovation, began production in 2018.
While each coin holds a special place in a collection, old dollar coins fascinate many collectors. With a history stretching from the 1700s to today, these coins feature intriguing design concepts and fascinating people who changed the course of history.
Circulation and Availability
Dollar coins have been minted in the billions since their inception, with each series experiencing unique production dynamics. For instance, the Morgan Silver Dollar had over 650 million minted, despite early struggles with silver supply. The Morgan and Peace Dollar designs have been so popular that they returned in 2021, and are expected to be released annually beginning in 2023.
While production of certain designs like the Peace Dollar ended in 1935 due to decreasing demand, dollar coins are still minted today, primarily for collectors. After the Peace Dollar, there was a significant hiatus until the Eisenhower Dollar emerged in 1971, marking the coin's return to circulation.
Build Your Collection With Confidence
With nearly 50 years in the industry as a family-owned business, L&C Coins delivers a superior collecting experience for every collector. Built on our expertise and our founders’ passion for coin collecting, we have an exciting selection of brilliant and history-rich old dollar coins for sale, with new arrivals showcased often.
When you collect with L&C Coins, you’ll enjoy free shipping on all standard orders, and express shipping starting at only $25. We’re pleased to offer a 15-day return privilege, and layaway plans with no interest for up to 5 months. Browse our collection of coins today, and talk to a coin expert if you have any questions along the way.
Frequently-Asked Questions
What are the different types of US dollar coins?
Various designs of US dollars exist, such as the Morgan, Peace, Eisenhower, Susan B. Anthony, Sacagawea, and Presidential dollars. Each has a unique design, often honoring notable American figures or symbols.
Why aren't dollar coins widely used in the US?
Despite their value, these coins aren't commonly used in everyday transactions due to their size and weight. Many prefer the convenience of smaller, lighter coins or bills. Also, familiarity and habit have made the $1 bill more popular.
Are US dollar coins still being minted?
Yes, the US Mint continues to produce these coins, primarily for collectors. The American Innovation Coins, started in 2018 and showcases significant American innovations or innovators from each state, District of Columbia, and U.S. territories. The Morgan and Peace Dollars are being released annually for collectors starting in 2023.
Are old dollar coins valuable?
The value of these coins varies widely, depending on factors like age, rarity, condition, and material. Many proof, key date, or limited-edition coins are worth significantly more than face value. Collectors often value coins like the Morgan or Peace dollars higher, especially in exceptional condition. Always consult a coin grading service or a professional appraiser to determine the exact value of your coin.
Dollar Coins for Every Collector
While each coin holds a special place in a collection, old dollar coins fascinate many collectors especially. With a history stretching from the 1700s to today, these coins feature intriguing design concepts and fascinating people who changed the course of history.
New collectors often enjoy starting with 1921 Morgan Dollars. Seasoned collectors may be interested in adding brilliant old dollar coins like Liberty Seated Silver Dollars to their collection. No matter which dollar designs interest you most, L&C Coins can help you find them.
Build Your Collection With Confidence
With nearly 50 years in the industry, L&C Coins delivers a superior collecting experience for every collector. Built on our expertise and our founders’ passion for coin collecting, we have an exciting selection of dollar coins for sale, with new arrivals showcased often.
When you collect with L&C Coins, you’ll enjoy free shipping on all standard orders, and express shipping starting at only $25. We’re pleased to offer a 15-day return policy, and layaway plans with no interest for up to 5 months. Browse our dollar coins for sale today, and talk to a coin expert if you have any questions along the way.