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Silver Dollars and Other Circulating Coins
Many individuals believe that they have something of potentially great value when they’re holding currently-circulating currency. The Sacajawea dollar, the two-dollar bill and standard silver dollars are all examples of items that people tend to hoard, with no real reason for the effort, though they suspect that they’re making themselves a bit of money in doing so.
To the contrary, these forms of paper and metal currency are only worth their face value. A two-dollar bill will fetch its owner two dollars in any other type of currency, but no more. There are some coins which are well-worth collecting. They are, however, generally sold directly as investment opportunities and are not found in common circulation.
The US Treasury and other treasuries mint bullion coins as a way to allow citizens to invest in precious metals. These coins have two types of value. The Morgan silver dollars struck by the Treasury during the late 19th and early 20th centuries, for example, are valuable both for the content of their bullion and for the collectability of the coin itself.
In fact, these coins are usually worth far more than their bullion content, and certainly worth more than their one dollar face value. Coins that one finds in common circulation are generally alloys, contain little precious metal at all and are, essentially, fiat currency which is exactly as valuable as its face value would lead one to believe. For investment, one should look to precious metals dealers.