silver bullion

The Flowing Hair Silver Dollar of 1794

The year 1794 marked a milestone for the young United States. Additionally, the country was taking its first steps towards a national identity, not only politically but economically. Central to this endeavor was establishing a stable currency, a crucial aspect of independence. One coin stood out: the Flowing Hair Silver Dollar of 1794. This coin was the first silver dollar from the U.S. Mint and symbolized the nation’s early efforts in currency design.

Why the U.S. Needed Its Own Currency

After gaining independence from Britain, the United States struggled with currency instability. At the time, coins from various foreign nations circulated widely, creating confusion

When it comes to investing in precious metals, there are two main types of assets: rare coins (sometimes called “investment-grade coins”) and bullion. Rare Coins vs. Bullion is often the dilema. Which is right for you? Importantly, there are some key differences between the two that you should be aware of. This is important, even though both types are capable of helping you achieve your short-term and long-term investment goals.

In today’s blog, the team at Austin Rare Coins & Bullion is here to help you understand the pros and cons of both rare coins and bullion. In short, to help you feel more confident about choosing the one that’s right for you. Above all, Austin Rare Coins & Bullion is your trusted source. They are there to help you secure your financial future through commodities or expand your collection of valuable metals.

The most valuable Silver Eagle is a 1999 PCGS graded MS70 Silver Eagle. It was the first to sell at auction for over $13,000! Certainly, an extraordinary amount for this coin in perfect condition. The price shows that the numismatic value far surpasses the value of its silver content.

A 1994 Silver Eagle in perfect MS70 condition comes in as the second rarest and most valuable. This coin sold at auction for over $11,000. This is only the second five-figure Silver Eagle coin! In addition, its price is 200 times its silver content.

In bronze or third place position are a couple of 1990 Silver Eagles. Of course, they are also in perfect condition. Both sold for $3,600. One in 2019 and the other in 2020. The sales of these coins were all document on greysheet.com