Playing With Silver Dollars

Now, I'm not an expert in this but last October we were organizing our garage and I found a little metal box. It was combination locked so I took a flat blade screwdriver and pried it open. Much to our surprise it had a wallet full of $2 bills and several zip lock bags full of silver dollars, 1/2 dollars, and miscellaneous coins.
I took a few of the silver dollars to a local reputable coin dealer and he gave me top dollar for them. There were two types of silver dollars in this find: Morgan and Peace. Morgan Silver Dollars were minted between 1878 and 1921 and Peace Silver Dollars between 1921 and 1935. I prefer the design of the Peace dollar. The designer/sculptor was Anthony de Francisci in 1921.

1922 Peace dollar
The Morgan Dollar was designed by sculptor George T. Morgan in 1878.

So, I started hunting for these two kinds of silver dollars on eBay and saw that there are thousands of them available at any one time. At this moment (2/09/2013) silver is valued at $31.42 an ounce and a lot of experts are expecting it to double by the end of this year, which would make it an amazing investment opportunity. One "expert" is saying that it's going to triple to $90 an ounce by the end of 2013. (He's probably selling silver....)
Anyway, it's been fun watching the activity. There is a company called Silver Saver that let's you invest in silver bullion on a monthly basis with a minimum of $50 per month and they will either ship you the silver or keep it in storage for you, if you prefer. I haven't done it yet, but it's definitely on the back burner.
I found that I could get more for my coins by selling them on eBay. There is a ready and waiting group of buyers. If you are going to purchase coins on eBay you have to be careful not to pay too much, and to buy from a reputable seller with lots of positive feedback. You can purchase the coins singularly, in groups or in rolls of 20. In the past I've done some mortgage investing, and stock market, but investing in precious metals seems more solid to me. Well back to fooling around....:)

A 1794 Flowing Hair Silver Dollar, possibly the first of its kind to be struck by the U.S. Mint in Philadelphia, sold at auction for a record-breaking $10 million, according to Reuters. This is the first single coin to break the eight-figure threshold and now stands as the world’s most valuable coin.