The appeal of gold and silver coins extends beyond their value as rare collectibles. It's important to remember that the silver the coins are made of has its own value. Silver coin collections are almost guaranteed to appreciate in value since the price of silver is almost always going up. Even if their value as collectibles diminishes, the intrinsic value of the silver the coins are made of will probably not.
The most popular of all silver dollar coins are the American Eagle silver bullion coins, first released by the U.S. Mint in 1986. The "Silver Eagle" coin gained tremendous popularity due to its impressive appearance. In fact, they are considered by many coin collectors to be the most beautiful coins ever produced. The front of the coin features the striking "Walking Liberty" design that was created by famous coin artist Adolph A. Weinman in the early 20th century. This design was originally featured on U.S. Silver half-dollars from 1916 until 1947. The other side of the coin features a depiction of a heraldic eagle and was designed by John Mercanti in 1986. Each Silver Eagle coin contains 1 troy ounce of 99.9 percent pure silver.
When there are no more than 75 of a particular coin known to exist, that coin is designated as a rare silver coin by the officials at the Sheldon Rarity Scale. However, the definition of what makes a coin rare is becoming a more relative matter. As the number of coin collectors across the globe increases, so does the demand for rare silver coins. To make these coins more accessible to the public, many higher mintages are being called rare coin investments (with the expectation that they will become rare in the future). Today, the relative scarcity of a coin is the largest determiner of rare coin value. Some coins can bring more than a million dollars on the open market, but most coins that have large numbers in circulation are only worth the face value of the coin (and in some cases, even less).
Even if you never manage to get your hands on any particularly valuable silver coins in your experiences as a coin collector, you will not have wasted your time. Coin collecting is a fun and educational hobby that can be shared by friends and family. Passing on your love of coin collecting to the next generation is one of the most gratifying things you can do as a collector.