ANSWERS: 1
  • Silver dollars are almost exclusively composite alloys that are not pure silver. Common silver dollars in the United States include the Morgan Dollar, minted from 1878 to 1909 and again in 1921; the Peace Dollar, minted from 1921 to 1935, and the Eisenhower Dollar, minted from 1971 to 1978. The Morgan Dollar is 90 percent silver and weighs about 0.86 troy ounces. The Peace Dollar has the same composition as the Morgan. Sell coins to jewelers, coin dealers or individuals online.

    Selling as Bullion

    Silver dollars that have been in circulation and show heavy signs of wear may be valuable only for their bullion, or pure silver content. Jewelers who make their own silver jewelry will often buy silver dollars and other coins made of precious metals and melt them down to make jewelry. Check the value of the coin to collectors first, no matter what the condition. The Eisenhower Dollar and some later U.S. dollar coins only contain silver in special "S" mint-marked proofs for collectors. The coins minted for general circulation do not contain silver.

    Collectible Silver Dollars

    Most silver dollars are worth more than their bullion value. One of the most expensive silver dollars (1804) sold for $4.14 million (http://silver-dollars.us/). Krause Publications offer several catalogs that give dealer prices for U.S. silver dollars (http://www.krausebooks.com/category/world-coins-books). Local or on-line coin dealers are a good place to get an estimate of what your coin is worth. For collectors, condition matters. Be careful not to touch or handle the coin with bare hands, particularly if it is uncirculated or has a shiny "proof" finish. These coins are always worth more than coins that have been in general circulation. Store these coins in individual cases or envelopes so they don't get scratched or tarnished. Never polish a coin that might have numismatic (collector) value.

    Do Not Use the Bank

    Most banks do not give bullion value for silver dollars. They will give the currency equivalent for a silver dollar--$1. Silver dollars are often sold on eBay and other online auction sites. Use a Krause catalog to determine a reasonable value so you don't sell your coins too cheaply. Expect at least half of the Krause-listed value if you sell to a dealer. Selling the coin on your own to a collector should net you more money.

    Source:

    Most Expensive Silver Dollar

    Collector's Value

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy