Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion (2023)

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion (1)

In numismatic circles, the US silver dollar is nothing less than an institution. From 1794 to 1935, the United States issued dollar coins in silver. Experts and enthusiasts alike typically agree that the coinage created during this period is some of the finest work ever done in the field; subsequently, US Silver Dollars are highly valued by collectors as a reminder of the proud history of American currency.

What Are Silver Dollars and When Were They Minted?

When the thirteen colonies threw off British rule and formed the United States, one of the first concerns that needed to beaddressed wasthe creation of a system of currency. Although Spanish coins circulated widely in the interim, the U.S. Mint was quickly established. Following in the traditions of the time, early coins were pressed in precious metals, with the value thought to be guaranteed by the cost of the base materials. These coins distinguished themselves from later plated varieties with a higher degree of purity.

The first U.S. silver dollars, the so-called “Flowing Hair” variety, were pressed in 1794, followed by the Draped Bust and Seated Liberty dollars. In 1873, under President Grant, the Fourth Coinage Act shifted American coins to the gold standard, taking silver out of the domain of coinage for five years. This would remain the case until the Bland-Allison Act allowed the creation of a new design, the Morgan Dollar, and its eventual successor, the Peace Dollar.

Silver has long been used as a coinage metal, with the Greek silver Drachma functioning as one of the earliest examples. In colonial times, the silver Spanish 8-real coin served a basis for the early American economy. Due to this, coupled with the existing silver deposits in the colonies, the early government was likely predisposed toward the use of the metal as a minting standard. As a result, the U.S. Mint’s first efforts, directed by Alexander Hamilton, modeled the coins’ size and purity standards on the Spanish currency.

Initial U.S. coinage efforts were slightly less pure and heavy than the Spanish 8-real. Although Congress ruled that the U.S. Mint coins were to be traded at equivalent value to the 8-real, its lesser quality made it less valuable. Later coinages were of higher quality, with both the Morgan Dollar and the Peace Dollar consisting of 90% silver and 10% copper.

Being the capitol at the time, the first U.S. Mint facility was built in Philadelphia, PA. Throughout the 19thcentury, branches opened in Charlotte, North Carolina; Dahlonega, Georgia; Carson City, Nevada (although that branch primarily struck gold coins); Denver, Colorado; San Francisco, California; and New Orleans, Louisiana. Some of those branches have since closed, and others (most notably Fort Knox in Kentucky) were opened. At one time or another, all of these facilities were involved in the manufacturing of silver dollars.

Popular Types Of Silver Dollars

Major U.S. silver dollar mintings include the Flowing Hair, Draped Bust, Seated Liberty, Morgan, and Peace designs. Perhaps the two most familiar coins for collectors, though, are the Morgan dollar and the Peace dollar.

Morgan Dollar

The Morgan Dollar was created after the restoration of America’s bimetal minting system by the Bland-Allison act of 1878. The act required the treasury to acquire and use between two and four billion dollars worth of silver every month for coinage purposes. This necessitated the creation of a new coin design, and Mint Director Henry Linderman sought out a talented designer to lead the process.

George Morgan was an Englishman who apprenticed at the Royal Mint for many years before being hired away by the U.S. Mint in 1876 at the age of 30. He worked under Master Engraver William Barber, but when the request came in to prepare a design for the new silver dollar, Morgan’s version was preferred to that of his supervisor.


The obverse side of the coin features the head of Lady Liberty in profile. The likeness is based on Anna Willess Williams, a schoolteacher who was the daughter of Morgan’s friend Henry Williams rather than the Grecian figures that preceded it. Morgan would claim that Williams’s profile was the most perfectwith which he ever worked. Williams, despite an attempt at anonymity,was unmasked as the face of Liberty by a newspaper and received fan-mail and visitors to the end of her life, a fact about which she was never especially thrilled.

The face also features the U.S. motto “E Pluribus Unum,” or “from many, one,” as well as the year of pressing and thirteen five-pointed stars to represent the original colonies.


The reverse depicts an eagle in flight carrying an olive branch and arrows, showing strength in both peace and war. The first pressings showed the eagle with eight tail feathers, but later pressings reduced it to seven to keep up with the tradition ofshowing an odd number of feathers on a U.S. eagle. The lettering identifies the United States and the value (one dollar), and it contains another U.S. motto, “In God We Trust.” The reverse also carries the mint mark: no letters for Philadelphia, CC for Carson City, O for New Orleans, S for San Francisco, and D for Denver.

The Morgan dollar provides a good compromise between age and innovation, connecting with late 19th-century American history while also breaking with traditions of design.

Peace Dollar

The Pittman Act of 1918 required the U.S. Mint to begin striking more silver coins once again. Initially, in 1921, the older Morgan designwas used, but the desire for a new coin design led to the creation of the so-called “Peace Dollar.”

The Peace Dollar is called such because it was created to commemorate the victorious end of World War I. After gaining the approval of the Treasury Secretary, a contest to find the new design was initiated. Many designers put submissions forward, including the creators of earlier coins and Morgan, who was now the chief engraver of the mint. However, when the results were judged by the Treasury Secretary and the Mint Director, they opted for the design of a relatively unknown designer named Anthony De Francisci.

Anthony De Francisci was an Italian national by birth who immigrated to America at the age of 18. His experience in design included a range of mediums like seals, buttons, plaques, and medals. But it is his Peace Coin design that brought him his greatest success, beating out the works of established designers like Morgan, MacNeil, and Weinman. De Francisci went on toachieve great success in the wake of his selection.


The face of the Peace Dollar features Liberty in profile, hair billowing, with a radiant crown (a symbolic representation of the sun, perhaps meant to indicate the dawn of a new era). Like Morgan before him, De Francisci based his Liberty design on someone from his personal life: his wife Teresa, a fellow Italian immigrant who reportedly had dreamed of posing as Liberty since seeing the Statue in the harbors of New York as her family arrived in the country. The front also shows a U.S. motto, “In God We Trust,” as well as the date of pressing.


Francisci submitted two designs for the reverse of the Peace Dollar. The first, which depicted an angry and majestic eagle breaking a sword, was considered too controversial since the snapped weapon could be seen as a sign of defeat. Francisci denied that interpretation.

The other design, featuring an eagle at rest carrying an olive branch and perched in front of a sunburst, was chosen. A late revision added the broken sword as well, but public disapproval of the design element, led by the New York Herald, resulted in its deletion from thefinalpressing in an emergency last-minute alteration to the mold by Chief Engraver Morgan.

The text on the back features the nation’s name, the “E Pluribus Unum” motto, the value (one dollar), and a mint mark (from either Philadelphia, San Francisco, or Denver).

Printed for a limited duration due to fragility in the molds, Peace Dollars, although not especially rare, are not incredibly common, either. Thus, they serve as both a marker of a new era of American history and an affordable entry into the world of silver coin collection.

Demise Of The Silver Dollar

The Peace Dollar ceased pressing in 1928, once all the Pittman Act silver had been made into coinage. A brief revival of the design occurred in the 30s but only lasted for two years. Without a bimetal treasury value standard, silver lacked support as a coinage metal in the United States; increases in silver costs ultimately cemented the decision. In fact, precious metal coins had begun to diminish in general by this era, a slow process of decline that ended in the removal of the gold standard under President Ford in 1976. As a result, precious metal coins became the product of limited collector runs.

Silver Dollar Coins As Collectibles And Investments

Silver coins hold value because the metal they are pressed from holds value; the relative stability of precious metals makes them a solid proposition. Metal prices generally trend upward over time, leading to a slow but steady increase in value.

Dollar coins, being relatively plentiful due to large pressings when they were in general circulation, offer a closer approximation of the melt value of the metals on which they are based than other collectible coins, making them less subject to demand.

If you are seeking to add some authentic U.S. silver dollars to your collection or investment portfolio, be sure to shop JM Bullion’s collection of pristine silver dollar coins. Our silver dollars are available based on certified grade, condition and specific years and are made available at market leading rates.

All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.


Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion? ›

About. Please note that base shipping and insurance, on all JMB orders over $199, is free (orders <$199 pay $9.95). Customers can utilize our free shipping method or may have the option to upgrade their shipping method upon checkout.

Does JM Bullion have free shipping? ›

About. Please note that base shipping and insurance, on all JMB orders over $199, is free (orders <$199 pay $9.95). Customers can utilize our free shipping method or may have the option to upgrade their shipping method upon checkout.

Has JM Bullion ever sold fake gold? ›

One of the most common questions we receive about our products is “How do I know the gold or silver I buy is real?” Well, fake gold and silver does exist — there is no doubt about that — but here at JM Bullion we take a great deal of pride in assuring the authenticity of each of the products we sell.

Is JM Bullion a safe place to buy silver? ›

Is JM Bullion legit? JM Bullion has been in business for over 12 years and has sold over $7 billion worth of precious metals. On its site, there are over 300,000 customer reviews from the past 10 years. All purchases are insured when shipped, so you are covered if anything happens to your package while it's en route.

Is JM Bullion a good place to buy gold? ›

JM Bullion provides its customers with a user-friendly website, transparent pricing structure, dedicated customer support, and investor-friendly features, making it our choice as the online gold dealer with the best customer experience.

How trustworthy is JM Bullion? ›

Is JM Bullion Legit? There are numerous physical sites for JM Bullion all around the US. Since the firm is handled by reputable individuals, it is not a scam but rather a legitimate precious metals enterprise with over ten years of experience.

Is APMEX better than JM Bullion? ›

APMEX offers a product lineup that matches, and in some aspects, surpasses that of JM Bullion. Similar to JM Bullion, APMEX offers a diverse array of physical bullion including gold, silver, platinum, palladium, and even rare metals like rhodium.

Does JM Bullion report to IRS? ›

JM Bullion Reporting

Most reporting regulations revolve around the amount of the investment and the type of payment used. JM Bullion files both IRS Form 1099-B and IRS Form 8300 when required. Form 1099-B is used to report profits made by non-corporate precious metals sellers.

Is silver from JM Bullion real? ›

Purchase Real Gold and Silver with JM Bullion

Since the majority of our products are sourced directly from the most respected mints across the globe, customers can place their orders with full confidence they are purchasing a genuine silver or gold collectible.

Is it safe to buy gold bullion online? ›

As with any other items you buy online, it comes down to buying from a reputable website. With something as valuable as gold you should only buy it online from a site you can see is genuine and reputable. Read more about why you should buy gold online from BullionByPost.

Which is the best site to buy gold online? ›

DigiGold is India's most trusted digital platform for gold and silver where you can buy, sell and store online at live market rates. The minimum amount of purchase starts from just Rs 1. We also offer No locking period SIP in Gold with just starting Rs. 500 through periodic installments.

What is the most trusted place to buy gold and silver? ›

APMEX - Best for a wide range of gold and silver products, including collectibles. Silver Gold Bull - Best for a diverse selection of precious metals. BullionMax - Best for seamless online purchasing experience and competitive pricing. JM Bullion - Best for a vast inventory of bullion products at low premiums.

Who is JM Bullion owned by? ›

JM Bullion was acquired by A-Mark Precious Metals on Feb 9, 2021 .

What time of year is best to buy gold bullion? ›

You can see that on average, gold tends to surge during the first couple months of the year. The price cools down through the spring and summer, then takes off again in the fall. This means that on a historical basis, the best times to buy gold are early January, March and early April, or mid-June to early July.

Where does JM Bullion ship from? ›

All orders will ship from our warehouse in Las Vegas, Nevada.

What is the downside of buying gold? ›

There's no guarantee gold will increase in value. Although it might seem counterintuitive, another drawback to investing in gold is that its past performance is no guarantee of its future value. This is a major reason gold investors need to consider their time horizon and ensure they can wait out price drops.

What shipping does JM Bullion use? ›

Orders are shipped in inconspicuous packaging via either USPS, UPS or FedEx. * All shipments are fully insured. Our shipping policy, which is based on order size, can be viewed here. *UPS 3-Day Air excludes Alaska, Hawaii, PO Boxes, UPS Store, and APO addresses.

How long does JM Bullion take to ship? ›

Shipping Methods

Overall, the total time it can take for your package to arrive from order placement to delivery will usually be anywhere from 5 days to 2 weeks, however, in some rare cases it can take up to 6 weeks.


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