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Step 1
It is very hard to give a grandchild or recent high school graduate a single share of stock, but if you want to invest in their future U.S. silver coins are a great store of value. In troubled economic times they normally rise along with the spot price of gold and silver. The most popular U.S. silver coin is the Morgan silver dollar. They were made from 1878 to 1904 and then again in 1921. I started a profitable hobby collecting after a gift of silver coins from a grandfather.
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Step 2
A rare date or high quality coin can sell for thousands of dollars, but a "junk silver" or "bag silver" common dollar as of this writing is about $20.00. A full coin roll of 20 one dollar coins is just over $200.00 The one oz. spot price for silver is a bit over $10.00. Coins usually sell above the value of just the silver. Junk silver in coins simply means the value is in the silver and the known desire for the coin and not in the rarity or premium condition of it.
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Step 3
You can buy silver dollar coins from coin dealer online, local coin and stamp shops, antique stores and pawn shops. Stay with basic coins sold at a multiple of face value unless you want to get a bit of an education and buy higher value coins that have a collectors value. In the resources below I have a good article on the Value of U.S. dollar coins.
Comments
goldiec said
on 5/4/2009 Great article on buying a morgan dollar to give as a gift. 5*
JackLTrades said
on 3/26/2009 Great unique gifts. especially for kids. I will have to upgrade, Right now I hunt down $2.00 bills
ccard123 said
on 2/4/2009 These is some great information! I've been looking for some safe investments lately! Thanks. 5*
ScarlettOHairy said
on 2/3/2009 I got a few of my dad's Morgan dollars after he died. Thanks for the great article. 5*
NightowlMama said
on 1/27/2009 great article thanks