What You Need to Know Before You Sell Silver Dollar Coins

The purpose of this post is to explain how to sell silver dollar coins at the best possible prices.  A good bit of factors go into determining the value of silver dollars, which is why it is to your benefit to become familiar with the factors that influence the price of silver dollars.

Before we go further, the first step is to define what we mean by silver dollars.  The U.S. Mint produced silver dollars that contained 90% silver up until 1935.  Silver dollars minted from 1878 to 1921 are commonly referred to as Morgan silver dollars, while silver dollars minted from 1922 through 1935 are known as Peace silver dollars.  There was also a limited run of Peace silver dollars produced in 1921.  Trade silver dollars, Seated Liberty silver dollars, Draped Bust silver dollars, and Flowing Hair silver dollars preceded the aforementioned coins.

While on the surface, the age of your silver dollars appears to be the primary factor affecting the price when you sell silver dollars, this isn’t necessarily the case.  The most important factor affecting the value of your silver dollars is the number of coins minted.  While most Morgan and Peace silver dollars are high mintage coins, there are several that sell for a premium above and beyond the silver content in the coins.

A few of the higher priced Morgan silver dollars are the 1893-S, 1889-CC, 1895-O, and 1893-CC, while the king of the Morgan silver dollars is the 1895-P.  With respect to Peace silver dollars, those that contain the most value are the 1921-P and the 1928-P.  These coins, especially in high end condition, can sell for hundreds, if not thousands of dollars, so it’s important to have a general idea of the value of your items prior to selling silver dollar coins.

As alluded to above, the condition of your silver dollars is also a primary factor in determining the value of your coins.  Morgan and Peace silver dollars in uncirculated condition, even if high mintage coins, will sell for a premium.  Additionally, some high mintage silver dollars are extremely difficult to find in high end condition, so you may have what appears to be a common date silver dollar in circulated condition, but a very rare and valuable silver dollar in uncirculated condition.

The third factor affecting the value when you sell silver dollar coins is the survivorship of the coins.  Many silver dollars were initially high mintage coins; however, some silver dollars were melted down in bulk to mint silver dollars in subsequent years and for various other reasons, so it’s possible that you could have a coin that was originally a high mintage coin, but that now is a more valuable coin due to the number remaining.

The last factor affecting the value of your silver dollars is the age.   While it’s not uncommon for older silver dollars to be lower mintage coins, some coins contain such historical value that they’re highly valued by collectors.  Case in point are Flowing Hair silver dollars, which were the first silver dollars minted in the U.S.  These coins, even in relatively poor condition, are typically sold for a premium due to the demand for such a unique piece of American history.

It’s not only important to become familiar with your coins, but to also select a reputable coin dealer to whom you can sell silver dollar coins.  Properly evaluate the coin dealer, which includes verifying the coin dealer’s status with third party organizations, such as the Better Business Bureau, and check feedback from previous customers by conducting a general internet search of the name of the coin dealer followed by the words “reputation” or “reviews.” We hope that you found the above information helpful and welcome you to contact Atlanta Gold and Coin Buyers at 404-236-9744 or via e-mail at sales@atlantagoldandcoin.com for all of your coin buying and selling needs.

Tony Davis
Tony Davis