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Sell Silver Dollar to the Best Buyer in Las Vegas & Henderson, NV

The silver dollar coin is one version of the US dollar coin. It is considered the second-largest U.S. coin in terms of the physical size that is currently minted for circulation next to the half dollar. 

Brief History

The first dollar coins were minted in the United States in 1794  and were produced in gold and base metal versions. Specifically, the first U.S. dollar coin with a $1 face value was the 1804 silver dollar. When the Coinage Act of 1792 was put into effect, silver dollar coins’ production was officially authorized. As a result, from 1794 to 1803, the United States produced silver dollar coins, then ceased its regular production until 1836. 

The first silver dollars were primarily coined for distribution from 1794 to 1804 as souvenirs to dignitaries. They were produced in varying quantities with two obverse designs, the Flowing Hair and Draped Bust. Also, there are two reverse designs used for silver dollar coins, particularly for the Draped Bust variety, such as the Small Eagle and Heraldic Eagle. From this period, the silver dollars were deemed highly valuable by coin collectors, ranging from common to rare designs and structures. 

Initially, the dollar coins’ production was done to save the cost of printing one-dollar bills. However, most Americans still opted to use the paper bill. As a result, the Mint decided not to produce dollar coins for general circulation purposes on December 11, 2011. Instead, dollar coins were produced specifically for collectors after that date, which can be ordered directly from the Mint. 

Famous Silver Dollar Coins

To date, there are many silver dollar coins in the industry of coin-making. But there are major US silver dollar coins that are deemed most sought-after by many coin collectors and investors primarily for their designs and collectible value. Some of these are the following:

  • Seated Liberty Dollar – This is the oldest and the longest-running coin in the U.S. It was first introduced in 1836 and continued to be produced until 1973. Christian Gobrecht, the chief engraver of the US Mint, designed the image of Liberty seated on a rock on the obverse of the coin. It features a heraldic shield at her side and 13 stars around the upper half of the design. On the other hand, its reverse side features a heraldic eagle with the nation of issue. 
  • Morgan Silver Dollar – This coin was designed by George T. Morgan and was introduced in 1878. The production of this coin was suspended from 1904 to 1921 until it was reintroduced in 1921. 
  • Peace Silver Dollar – This is a replacement of the Morgan Silver dollar coin. This was considered the last silver dollar coin produced and introduced by the U.S. Mint in late 1921. It features a modern vision of Liberty on the obverse of the coin. The coin was also reflective of the signing of peace treaties between the Allied Nations of World War I and Germany and Austria’s axis powers. Its circulation started in 1928, then years later, it was suspended. It was reintroduced for two years, from 1934 to 1935, until its total cancellation. 
  • Eisenhower Silver Dollar – This is the first U.S. dollar issued since 1935 and the last to be produced with silver content for general release. This 40% silver coin comes with a design featuring the bust of President Dwight D. Eisenhower. On the obverse side of the coin is an eagle landing on the moon, which was attributed to the Apollo 11 mission patch from 1969. All of these were designed by Frank Gasparro, the 10th chief engraver of the United States Mint. 

Value of Silver Dollar Coins

Today, a silver dollar value depends on several factors like age, condition or grade, origin, and particular variety. This means that the type of silver dollar is key to understanding how your coin is numismatically valued. There are other important factors also to determine the value of a silver dollar. These include the date, mintmark, errors, and varieties, and the grade or overall condition.

First, the date is usually found on the obverse part of the coin. Second, the mint mark will help you identify where the coin was minted. The mintmark is sometimes found on the edge of the coin. Third, if there are unusual markings on your silver dollar coins, there are often considered errors or varieties from post-mint damage. However, many types of errors and die varieties can increase your silver dollars’ value. That is why you must know very well how to spot them on your coins. 

Lastly, in terms of the silver dollar’s grade and overall condition, numismatists basically categorized them into circulated and uncirculated. An uncirculated silver dollar is more valuable than the circulated. The condition of the coin, especially its wear-based grade, determines its value. That is why it is important that you leave your coins in their original forms and not clean them. It is said that cleaning removes important coin elements like its patina and sometimes a very thin layer of metal. These elements, when removed from the coin, can never be repaired or restored.

The silver content of a silver dollar coin is an important consideration to determine its price. That is why if you are planning to sell your silver dollar coin, you might want to keep track of the current spot price of silver. Your silver dollar coin’s price is determined through the spot of silver when the selling and buying transaction is held. Pricing trends of silver may go and up due to marketing schemes and developments, and other factors. Learn more about the spot price of silver here: https://www.kitco.com/charts/livesilver.html

Where to Sell Silver Dollar Coins

Nevada Coin Mart is the best place for you to sell your silver dollar coins. We are open 365 times a year, from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. You are absolutely at the right store with the best customer service for a worthwhile transaction of your silver dollar coin items.

We are the #1 buyer of silver coins and other precious metals in Las Vegas and Henderson. We have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already, making us the best dealer of silver coin items with the highest possible cash offering for your items.

We Buy All Sorts of Silver Dollar Coins

The following are some of the major types of silver dollars since the United States Mint began its production in 1974:

  • Flowing Hair Dollar (1794–95)
  • Draped Bust Dollar (1795–1804)
  • Gobrecht Dollar (1836–1839)
  • Liberty Seated Dollar (1840–1873)
  • Trade Dollar (1873–1885)
  • Morgan Dollar (1878–1921)
  • Peace Dollar (1921–1935)
  • Eisenhower Dollar (1971–1978)
  • Commemorative Dollars (1983–present)
  • American Silver Eagle One Dollar (1986–present)

References:

https://en.wikipedia.org/wiki/Dollar_coin_(United_States)#Early_dollar_coins

https://www.jmbullion.com/silver/silver-coins/silver-dollars/