It is important for all serious coin collectors and
hobbyists to know the values of their silver dollars, and you, too definitely
should. Knowing the value of these coins, when buying, will ensure you
that you get what you are paying for. When selling, knowing the values
will guide you in getting what your coins really are worth. But before
going into detail about these values, it is best if you brush up on some facts
and figures about the silver dollar coin.
The United States has been minting dollar coins since 1794. These coins
are made up of many substances that include silver, copper, nickel, gold, brass,
zinc and manganese. The most popular among collectors and the public are
the US silver dollar coins.
Composition
US silver dollar coins are composed of 90% silver and 10% copper.
Copper is being added to add durability and strength. The ASW or Actual
Silver Weight is .7736 troy ounces. The last circulating silver dollar
coins minted during the year 1970 only contained about 40% silver to 60%
nickel.
Locations of Minting
US silver dollar coins were printed in 6 locations. Even up to now,
some of these locations are still continuing to mint silver coins. Some of
these include:
Philadelphia (1793-present) – Capped Bust, Sitting Liberty, Flowing Hair,
Trade, Morgan, Peace, Eisenhower, Silver Eagle with no ‘P’ mint mark
New Orleans (1864-1904) – Sitting Liberty, Morgan with ‘O’ mint mark
San Francisco (1859-1992) – Sitting Liberty, Trade, Morgan, Peace,
Eisenhower, Silver Eagle with ‘S’ mint mark
Carson City (1870-1893) – Sitting Liberty, Trade, Morgan with ‘CC’ mint mark
West Point (1995, 2001-present) – Silver Eagle with ‘W’ mint mark
Denver (1921-1934) – Morgan, Peace with ‘D’ mint mark
Knowing Silver Dollar Coins Values
The values of silver dollar coins vary, depending on its year of mintage and
the condition. Conditions can be described by words such as worn, moderate
wear, or nearly-new, or other synonyms like brilliant. It could also
include their circulating condition. Also, rarity has to be
considered. Morgan dollar coins are priced anywhere from just a few
dollars up to several thousands with accordance to its condition and
rarity. Usually, the rarer the coin is, the less important the
condition. However, the less rare it is, then the more important the
condition. So, if you find a rare silver Morgan dollar that is in
brilliant and uncirculated condition and plan to sell, then consider yourself
lucky, as this is very pricey.
Another type of coin that is rare is peace dollars. A complete set
containing different mints from years 1921-1935 will sell for about $1100 to
$2300, again depending on its
condition.
So in buying or selling silver coins, make sure you exercise diligence and
extra caution in finding out the value of these coins. If you really want
to get what your coins are worth, or if you want to get what your money is
worth, buyer or seller, you have to pay attention to the values any silver
dollar coin.
