How Much Is A Silver Dollar Worth
How Much are Post-1836 Silver Dollars Worth
Dramatically after 1804, silver dollar production came to an immediate halt after it was discovered that due to an imbalance between US coins and foreign coins regarding their face value and bullion value, wily metal speculators were exporting US silver dollars in order for them to be melted down at a profit!
In addition, silver reserves in the US were being depleted, a situation that was not kick-started until the discovery of the Comstock Lode mine in Nevada in the 1850′s.
Gobrecht Silver Dollar
It was not until 1836 that production of silver dollars restarted with the introduction of the ‘Gobrecht’ silver dollar. Minted in small quantities from 1836 to 1839 exclusively at the Philadelphia Mint and named after its designer, Christian Gobrecht, the ‘Gobrecht’ silver dollar is one of the rarest coins in US Mint history.
The obverse side is virtually identical to that of the ‘Seated Liberty’ silver dollar that was introduced 1837 and the reverse side features an eagle in flight. In XF (Extra-Fine) condition, ‘Gobrecht’ silver dollars are worth upwards of $10,000 a piece.
Seated Liberty Silver Dollar
‘Seated Liberty’ dollars were introduced in 1840 and were minted in larger quantities than the sparsely minted ‘Gobrecht’ dollar that preceded it. The dollars were used in general circulation until 1853. Each coin is composed of 0.7734 troy oz of silver. They were minted at Philadelphia, New Orleans, Carson City, and San Francisco.
Morgan Silver Dollar
Forever associated with the Wild West and the Carson City Mint, the Morgan silver dollars were minted between 1878 and 1904 and then for only one year in 1921. The 1921-dated coins are the most common, and there exists a substantial collector market for pristine, uncirculated specimens of the rarer dates and mint marks.
Many examples exceed $100 in uncirculated condition, but the majority do not. A common date in uncirculated condition normally commands a price of around $40 but can quite often be found for as little as $28 circulated and $32 uncirculated depending upon the current price of silver.
Peace Silver Dollar
The Peace Silver Dollars were minted between 1921 and 1935 to honor the end of World War I and were designed by artist and Italian immigrant, Anthony DeFrancisci. They are an inexpensive way to purchase silver, as each coin contains 0.7734 of an ounce of pure silver.
Click here to read more about:
- How Much is a Peace Dollar Worth
- How Much is a 1921 Silver Dollar Worth
- How Much is a 1922 Silver Dollar Worth
- How Much is a 1923 Silver Dollar Worth
American Silver Eagle
Whereas the American Silver Eagle is stamped with a value of $1, it is a purely nominal denomination. The Silver Eagle is the official silver bullion coin of the US and is sold at the current value of silver bullion plus a mark-up. It is pure 100% silver and contains exactly 1 troy ounce of bullion.
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