In its relatively short history as a nation, the U.S. has acquired a number of treasures and achievements. To numismatic enthusiasts, the silver dollar is one, and the coin continues to earn record-breaking valuations. If you happen to have one in your collection or are just looking to learn more about coin selling, take a look at the guide below.

What Is a Silver Dollar?

Just like other coins throughout history, the U.S. silver dollar has gone through many iterations in the past few centuries. The first versions were made in 1794 and featured a woman’s profile with long, flowing hair. Because of their age, these can be worth millions. In the late 1800s and early 20th century, the U.S. Mint made Morgan silver dollars, followed by the Peace silver dollars from 1922 to 1935. 

Up until this point, silver dollars were made with 90% genuine silver. Silver dollars were not made again until the 1970s, with the Eisenhower dollar, followed by the American Silver Eagle One Dollar starting in 1986.

What Factors Might Affect Their Value?

To find out when your coin was minted, look at the front face, or the obverse. In most cases, the older a coin is, the more valuable it will be.

However, rarity also comes into play when selling U.S. silver dollars. For example, only 15 silver dollars were minted in 1804, which makes them exceptionally rare and expensive.

Errors and irregularities will increase your coin selling profits as well. For example, if the die slipped and left a double image, your coin will be a one-of-a-kind product of the U.S. minting process.

While coins that are hundreds of years old are expected to have wear and tear, those in good condition will fetch a higher price. However, don’t try to make your coins look better by cleaning them—this can leave tiny scratches in the surface of the metal, depreciating them.

If you have a silver dollar you are interested in selling, reach out to Coins Plus of Cincinnati, OH. Since 1972, they’ve helped sellers, buyers, and traders alike, offering unparalleled guidance as a respected dealer. One of their partners is a contributor to the acclaimed numismatic texts, the Redbook and Bluebook. After recently re-opening, they welcome local coin collectors who have silver dollars to sell or trade. To learn more about their inventory and appraisal services, visit the website. You can also call (513) 621-1996 to speak with a staff member at this coin selling hub.

Image Source: [Glmike523]