Fill in the Form Below and we’ll contact you for a FREE APPRAISAL

Contact Information

* Required Fields

  • Experienced dealer with integrity

    U.S. Coins and Jewelry is an Authorized Dealer of PCGS, NGC, CAC Certified Coins.

  • State of Texas certified dealer

    The scales that U.S. Coins and Jewelry uses are carefully calibrated and certified by the State of Texas annually.

  • State of Texas certified scales

    U.S. Coins and Jewelry is licensed by the State of Texas

  • Silver Dollar

    Is my silver dollar worth anything?

    Absolutely! Old silver dollars are worth at least a little over the spot value of silver. When you are thinking about buying or selling a silver dollar, look for the following attributes to get an idea of how much it is worth:

    • Rarity
    • Condition
    • History
    • Demand

    The rarity of any particular silver dollar is a main indicator how much it will be worth. A coin's date is important, although it is not the same thing as rarity. For example, silver dollars struck in 1948 and 1949 have very different values, even when they're in about the same condition.

    There were just under 19,000 coins struck at the mint in 1948, while almost 700,000 coins were struck at the mint in 1949—the beautifully designed "Matthew" silver dollar. As you might guess, the 1948 silver dollar is worth substantially more than the 1949 coin since it is more rare.

    The condition, or grade, of a silver dollar is another important indicator of value. The condition refers to the amount of wear a coin has endured. The better the condition, the greater the value. For example, an uncirculated silver dollar is going to fetch more than the same silver dollar of the same year in poorer condition.

    The history of a silver dollar can make it more sought-after by collectors, which inherently makes it more valuable. A perfect example of this is a silver dollar known as "The King of American Coins", which sold for nearly $3.9 million at auction. The coin was dated 1804 even though it was made in 1834 or 1835 on behest of President Andrew Jackson.

  • Will its value increase over time?

    The appreciation of a silver dollar depends on demand for the numismatic and intrinsic values of the coin. Common silver dollars will fluctuate in value, depending on the spot price of silver. This is the intrinsic value of silver dollars or any coin struck of a precious metal—how much is the metal itself worth? The numismatic value of a silver dollar is what attracts collectors and dealers. The numismatic value, which is the primary factor for a coin's appreciation, is the rarity, condition, and history of a coin. Rare, or Key Date coins, tend to hold or increase in value over time. If you come across a silver dollar that is widely sought-after by collectors, it's wise to snatch it up if the price is fair.

  • Does the coin's condition affect its value?

    Yes, the condition of a silver dollar or other coin plays a very important role in assessing a coin's value. An original coin that is sharply struck and retained its beautiful mint luster will bring more than a worn or circulated coin. Coins that have been cleaned or polished are usually worth less because the surface is no longer original.

    Characteristics relating to the condition of a coin include sharpness of strike, beauty of design, and any damage, such as dents, corrosion, wear, and scratches. So, the rule of thumb regarding a coin's condition is largely eye appeal. Attractive coins have a higher demand, thus, a higher value and appreciation.

banner-logo

Contact U.S. Coins and Jewelry