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Which Silver Dollars Should You Look For?

By Glenda Lally


When it comes to silver dollars some are much more valuable than others. There are many different specimens that can be found, and some may be common while others are considered quite rare. The condition of the coin is also important, because one that has never been circulated and that is in perfect condition will be worth far more than one that is worn or damaged. The design and minting year are also important, and the facility that produced the item is very relevant to the value that it has.

One of the first specimens that was produced was the Bust design, and these are some of the earliest and hardest to find. They were created from 1794-1803. Often valued at $600 minimum in any shape they are very rare in good condition. This could increase the cost considerably if one of these coins can be found. They are often sold at auction rather than through dealers or other methods because of the few that are still in existence.

The next design produced after the Bust was the Seated Liberty. This one was produced from 1840 to 1873. This design is also very rare and because so few were created originally, they are extremely hard to find today. Many of the coins were melted down to create new currency. A silver dollar in good condition with the Seated Liberty design could easily sell for $200 or more.

One of the most common choices for investors and collectors is the Morgan silver dollar. These coins were minted from 1878 to 1921 and are generally affordable even for those on a budget. Depending on the mint mark, condition, and year it was produced, though, some of these coins may be valued at $7000 or more.

The Peace design was started in 1921, which was also the last year that the Morgan was offered. Minting of these ceased in 1935. While these may not seem to have some of the same appeal that earlier coin versions do they can still be an excellent choice because they are also 90% pure silver. A 1934 S in exceptional shape may be worth more than $1,200 right now. Any silver dollars that were produced before 1961 will generally contain 90% purity when it comes to this bullion, but newer versions after this date may only have a purity of 40% instead.




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