With the recent increase in the price of silver, more and more individuals are interested in selling their silver dollars, but caution should be taken when you sell silver dollars, as many companies have recently sprung up to take advantage of the rising price of gold and silver, and may not be paying you as much as your coins are worth.
When referring to silver dollars, we’re primarily addressing U.S. silver dollars minted prior to 1935, which are 90% silver coins, but much of the information provided here can apply to other types of silver dollars, such as American silver eagles and Canadian silver dollars.
As a bit of background, U.S. silver dollars minted from 1878 – 1904, and then again in 1921, are commonly referred to as Morgan silver dollars, while those minted from 1922 – 1935 are typically referred to as Peace silver dollars. Â A limited number of Peace dollars (approximately 1,000,000) were also minted in 1921.
While all of the aforementioned silver dollars contain 90% silver, not all of them are merely worth their silver content. Â When you sell silver dollars to an Atlanta or online coin dealer, it’s important to be aware that some of these coins have collectible value, or what is known in the industry as “numismatic value.”
Morgan and Peace silver dollars that have collectible value are most often those coins that have a low mintage, also known as key date coins. Â Typically, the lower the mintage, the higher the value, but this only takes one aspect of the coin’s value into consideration. Â Other factors include where the coin was minted, the condition of the coin, and if it is in raw or uncirculated condition.
Even common date Morgan and Peace silver dollars in uncirculated condition can sell for more than the underlying silver value, so silver dollars don’t necessarily have to be rare to sell at a premium. Â However, low mintage coins in uncirculated condition that are graded by one of the premier third party grading companies, such as NGC or PCGS, can sell for hundreds, if not thousands of dollars.
If you’re new to the world of silver coins and want to receive the most value when you sell silver dollars, it’s important that you go to a coin expert who is able to identify rare and highly valued coins that may sell at a premium, and that will also pay you competitive prices when selling common date silver dollars.
We at Atlanta Gold and Coin Buyers have a reputation for treating our customers fairly and for paying customers more than the competition for their silver dollars. Â In fact, we’ll go so far as to identify key date or low mintage coins and offer you a premium for these coins without prompting. Â You’d be hard pressed to find another coin dealer who is willing to go to such lengths to make sure that you’re treated fairly.
If you’ve been in the market to sell your silver dollars, now is a great time to cash in, as the price of silver is up at the moment. Â If you’re looking for extremely competitive prices and a comfortable no hassle environment in which to sell your silver coins, we recommend that you contact Atlanta Gold and Coin Buyers today at 404-236-9744 to schedule a free no-obligation evaluation and coin appraisal. Â We look forward to hearing from you and earning your business!