When we say we have silver dollars, we mean we have silver dollars. We stock over 25,000 Silver Dollars at all times ranging from our Low Premium Cull Dollars all the way up to our Brilliantly Uncirculated Pre 1921 Morgan and Peace Dollars. Imperial Coin Exchange not only is a leading market maker in US Gold, but we are one of the largest suppliers of Morgan and Peace dollars in the entire country. This is just one of the many reasons why you should consider buying from Imperial Coin Exchange.
Best Value Silver Dollars
Buy buying in bulk and buying every type of Silver Dollar we are able to get the best price and consistency in our coins. We have places to sell off every type of coin so we do not need to pay too much to just get one kind of Silver Dollar. This accompanied by our low overhead allows us to pass on the value and savings to you.
Coins are ready to go at a moment’s notice
When you invest your money on precious metals you should be able to get your coins in a reasonable amount of time. We want to make sure that we not only give you the best value silver dollar, but we also give you the best customer service. Having thousands of silver dollar in stock makes that easier. We work hard to get ever order out as quickly as possible, some even ship the same day if received before 3PM Eastern. We always say we want a happy customer for life and we work hard to make that happen.
What we offer
We offer Silver Dollars for Sale in all grades. Our Silver Dollars are offered in ever grade from common to better dated material. If you are looking for Low Premium Silver Dollars then our Peace Culls, 1921 Morgan Culls or our Pre 1921 Morgan Dollar Culls are the perfect coins for your.
However if you are looking for coins with more of a true mint look and brilliantly uncirculated coin, then you would look no further than checking out our BU Peace, BU 1921 Morgans, or our Pre 1921 BU Morgans. In between the Cull Dollars and the Brilliantly Uncirculated we offer Circulated Peace and Morgans and we also offer Almost Uncirculated Peace Dollars, as well as Morgans.
As always you may always Call (813) 963-2542 email [email protected] or find us on Social Media.
Today we want to dive into the subject of coin grading including reasons why people grade coins, as well as introducing a few of the grading services and what they have to offer. Imperial Coin has been buying, selling and submitting coins for grading for many years. The top three grading services that we prefer and have grown to trust are Professional Coin Grading Service (PCGS) , Numismatic Guaranty Corporation (NGC), and Independent Coin Graders (ICG). In this article we help to answer the common question of “Why Grade Coins?”
What is coin grading?
Wikipedia Describes Coin Grading as: The process of determining the grade or condition of a coin, one of the key factors in determining its value. A coin’s grade is generally determined by five criteria: strike, preservation, luster, color, and attractiveness.
When assigning a grade to a coin, the three major grading services (PCGS, NGC, and ICG) all use the Sheldon Coin Grading Scale of 1 to 70. One is the lowest grade all the way up to a perfect MS70. Over the years there have been some small modifications such as the * designation and more recently the + or half grades.
All coin grading is subjective because it is based on an opinion, but is widely accepted being as it is the opinions of a panel of independent, well-respected experts in the field of numismatics.
What are the benefits of getting a coin graded?
Making the decision to submit a coin for grading is something that should be carefully considered since not all coins are fit for grading or worth the fees to be graded. A good rule of thumb is that when a coin is worth less than or close to the grading fee, then it should not be graded. In this instance however, you may choose to have a coin graded if you would like it to be authenticated for personal or sentimental reasons, or if you would like it in a slab for protection. If the grade of a coin has a significant impact on the value of the coin, then it would be best to have it graded so that you may maximize the value of the coin when selling. Ultimately, when deciding if a coin should be graded, it is important to determine the desired end result in doing so, whether it is for authentication purposes, determining condition with a grade, or protection for your investment or sentimental keepsake.
Authentication: There are many fake coins currently in circulation, as well as still being made, which is one of the top reasons to get a coin graded. In doing so you ensure that your coin is genuine and real. Nearly every coin submitted will get a straight grade, details grade, or marked as genuine. This will help eliminate any doubt that your coin is a counterfeit coin.
Determining condition with a Grade: Grading is an art and unless you do it for a living or have studied it for many years, you are not going to be an expert. With that being said every single person grades slightly different from another person. That is why it helps to have a professional, unbiased, independent coin grader review your coin and assign it a grade. After being graded, the coin is holdered in a unique plastic slab and serialized so that the grade is guaranteed and the coin is not exposed to outside risk of further wear or damage.
Protect your investment: Every coin that is certified gets encapsulated in a tamper evident holder that is complete with a serial number. These holders are very strong and can help keep most environmental damage out of the coins reach. Many of them are not waterproof, heatproof, and can still be affected by high humidity.
Who are the top three grading services?
Selecting the right grading service for you isn’t always easy. Much like choosing the right car, or choosing a doctor to look after your family, you need to choose what works best for you and your coins. Here is a breakdown of some of the benefits of our top three grading services we spoke about.
Professional Coin Grading Service (PCGS)
Professional Coin Grading Service is one of the top grading services in the industry because of their attention to detail and consistency. PCGS coins can generally fetch the highest premiums when sold. PCGS has had many recent changes since becoming a publicly traded company with a lot of new faces at their helm. They grade US coins, World coins, and modern coins. They have recently been doing more custom tags and custom frame holders for their modern coin programs which many of the younger collectors have shown an interest in. They have a price guide, coin verification system, and offer photo service with their submission.
Some of the downfalls that I have experienced are that they are catering to the larger companies and coin dealers first and may not be the best place for a hobbyist or coin collector to start off at. It is also a good rule of thumb to check on turnaround times before you do send in a submission because often they run behind and cannot meet their stated turnaround times. PCGS also requires a paid membership to submit coins with them.
NGC is also one of the top 3 grading companies. They have been around since 1987 and have been growing ever since. They are primarily located in Sarasota, Florida with other locations all over the world. They also boast that their grades bring the highest premiums in the market. NGC has been on top of the modern coin game with many different holders, and a nearly unlimited amount of custom and signature tags. They offer a price guide, coin verification system, photo service, and a conservation service as well.
While they also require a yearly paid membership to submit with them, they do give you some free grading coupons to offset the cost. They grade US, World, modern, and ancient coins. They are the official grading service of the Smithsonian.
The only downfall I can think of is the yearly membership, and their turnaround times do vary depending on the time of year. You can speak to a customer service representative, but you are not allowed to speak to a grader when you call.
ICG is one the top 3 grading services we utilize for a number of reasons. We like them because they have the best customer service that we have seen, hands down. Although their coins do not often grasp the highest premiums as compared to PCGS or NGC, they still are very accurately graded coins and have a very loyal presence in the coin collecting industry. They do not charge a yearly membership and anyone can submit coins and get a coin graded, making them a great place to get your collection graded. Their pricing is the best and their turnaround times often are less than promised on the submission form. You also have the option to speak to a grader about your submission, including Randy Campbell, who is recognized as one of the best known Morgan Dollar Experts.
They have a pop report, coin verification system, and they do offer conservation as well as a photo service that comes with a flash drive.
The only downfall that I can see is that they are commonly ranked just below the two big boys, NGC and PCGS. In that regard, they have always had an uphill battle in marketing and positioning themselves in the market due to the influential presence of both NGC and PCGS in the world of numismatics.
I have been with our company for over 10 years and in the numismatic industry for 13 total years. I have seen many companies come and go and have purchased and sold to many coin dealers over those years. As a company, we strive to build lasting relationships with our customers, treat everyone with respect, and give them the best service that we can. It does not matter if you are a customer who spends $100 or a customer who spends well over a million dollars with us. We will treat you in a professional way, answer any and all of your questions, and be honest coin dealers. We ask our customers to treat us with the same respect. When a customer asked me “Why buy from Imperial Coin?” It made me think of all the reasons I love working here and selling on behalf of this company. Here is a summary of why I think we are the best company to buy Pre 1933 coins from.
Building a relationship with our customers.
What we are trying to do is build a customer for life. Making the customer happy and growing their collection in a safe and honest way is the best way to do it. Getting referrals by customers friends, family, and coworkers is the highest form of flattery and a testament to the service and respect we offer our customers.
Here are the top 4 reasons why to buy from Imperial Coin:
Our Professionalism
We have been in business for 10 years and have a combined numismatic experience of over 60 years.
Nearly all of our employees have been with us for all of the 10 years and they are passionate about coins and love working here.
From the first time you interact with us via email, phone, social media, we treat you in a professional way.
Upon ordering, we pull your order, double check the contents, and wrap every package under surveillance.
You receive tracking information via email that you can track right up to your door.
Security
Our office was built with state of the art technology to keep our collectibles and our staff safe.
We have a secure website and a communications company who monitors our servers and all of our secure information.
Our premises and all packages that leave this building are fully insured until signed for at your door.
Service
As a company, we strive to give the best service humanly possible.
Procedures are in place to allow us to seamlessly process orders and ship out orders correctly.
Our staff are here to answer any questions you may have, no matter how big or small the question is.
Every customer is treated as a valued customer no matter how much business we do together.
We work hard to ship out every order the same day as long as it is possible.
Rare Numismatic US Gold coins with a story or amazing eye appeal are another type of coins we specialize.
Pre 1933 coins both gold and silver are what we are looking for.
If we do not have what you are looking for, simply fill out our want list and we use our years of experience to find you what you are looking for at a reasonable price.
We promise to work hard for your business and treat you the way you deserve to be treated. You have to put a lot of faith in a coin company and we want that company to be Imperial Coin Exchange. We invite you to give us a chance to see what we can do for you.
Why buy Morgan and Peace Dollars versus Silver Bullion
I recently had a conversation with one of our customers and he questioned the difference in purchasing Silver Morgan and Peace Dollars versus purchasing Silver Bullion. After having a quality conversation discussing the differences and advantages for each, I realized that it would make a great blog post for those who are contemplating the same thing.
What is a Morgan and Peace Dollar?
The Morgan dollar is a United States Issued Silver Dollar Minted from 1878 to 1904, and again in 1921. The Peace Dollar is also a United States Issued Silver Dollar, but was Minted from 1921 to 1935. These dollars are 90% silver and each coin has 0.77344 oz of pure silver. These coins are United States currency with a face value of $1.
What is considered silver bullion?
Silver bullion can be in the form of silver bars, coins, ingots, or rounds all with different shapes and sizes. The most commonly known examples are the American Silver Eagle and the Canadian Silver Maple Leaf. These coins all have a low premium over their precious metal content.
What are the advantages of buying Morgan and Peace Silver Dollars instead of Silver Bullion?
There are three main reasons why clients choose silver dollar over silver bullion:
Silver Dollars hold a high level of numismatic value:
Morgan and Peace Dollars will never be minted again, so there are a set number of coins in circulation. This means the values of the coins not only adjust in correlation to spot silver, but can also reflect a numismatic value. There are low premium coins, such as our cull dollars, and coins that are much rarer in condition and offer more eye appeal, found in our BU (brilliant uncirculated) dollars. This acts as a natural hedge when the silver market shows larger fluctuations.
On the other hand, Silver Bullion has a very low numismatic value, if any at all. Its premium also remains close to spot silver. That may initially appear attractive as it gives the illusion of being more affordable, but it means that it is very volatile. With being tied so closely to spot silver, any major fluctuation in the silver market can drastically impact the value. When the time comes to sell back or trade in these coins, they are often purchased close to or just under melt.
Morgan and Peace Dollars are virtually all Pre 1933 Coins:
With the exception, the 1934 and 1935 mintage years, all Silver Morgan and Peace dollars are protected against the April 5th 1933 Confiscation Act, which states that any coins purchased post 1933 can be confiscated by the US government at any time.
Silver bullion however, is modern issued and not protected. A majority of Silver Bullion is not US Mint issued. As opposed to US minted silver coinage, silver bullion may have tax requirements that the purchaser would be responsible for paying.
Highly Recognizable Coins:
Morgan and Peace dollars are one of the most recognizable and visually appealing coins of all time. Almost every coin has been minted nearly 100 years ago in Philadelphia, Denver, Carson City, New Orleans, and San Francisco mints. Every coin represents a small piece of history and shares a tiny glimpse of the past.
With exception of the American Silver Eagle, there are many different bullion bars, coins, rounds and other poured silver on the market that are not easily recognized. I find it best to stick to silver products that are easily recognized that have also been around for many years rather than a new and untried silver product.
Conclusively, we prefer and recommend Morgan and Peace Dollars when purchasing silver rather than silver bullion. They are highly recognizable, have been around for over 100 years, and have a value reflected not only by spot silver, but also the carry a numismatic value that serves as a natural hedge against major fluctuations in the silver market. With a majority being minted prior to 1933 by the United States Mint, they are protected by the April 5th 1933 Confiscation Act and are not a taxable item.
We invite you to take a look at our Morgan and Peace dollar inventory which is conveniently categorized by type: Peace Dollars, 1921 Silver Morgan Dollars, and Pre-1921 Morgan Dollars. We carry an inventory of Morgan Dollars from CU to BU condition and also offer an extensive selection of Certified, better-date Morgan Dollars. Whatever you are looking for in Silver Dollars, we can likely find it for you at a competitive price.
