What's It Worth? Understanding the Value of Silver Dollars

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There seems to be a lot of confusion about valuation of silver dollars. The prices wax and wane due to collectors’ whims, the silver value and of course, as always — condition and provenance. Silver dollars from 1878 to 1935 are worth roughly $15 to $25 apiece. Of course, there are many variations; and certain dates — like 1889-CC, 1892-CC, 1893, 1893-S, 1894, 1895-O, 1878-CC, 1879-CC, 1880-CC, 1881-CC, 1882-CC, 1883-CC, 1884-CC, 1885-CC, 1890-CC, 1891-CC, 1893-CC, 1893-O, 1895, 1895-S, and 1903-O — can bring huge premiums, from $50 all the way to $20,000 apiece!

Also be on the lookout for the black packages like the one pictured here. Our government found a hoard of these in the 1970s and sold them. They are called GSA dollars and were limited to 2 per household. About 2 million of these were sold. Do you have one? We pay a minimum of $150 each for them, and again, some bring even more. It is interesting to note that prior to the release of these coins, CC dollars were scarce in high grades and brought triple what they do today. The government release of almost 2 million of these lowered their price due to the law of supply and demand. But we still pay a minimum of $150 each for them today, as the price had increased.

We buy all coin collections, and are longtime experts. Let us bid on your rare, valuable coins or sell them online for you for a commission. You have seen us in Forbes Magazine, the New York Times and the Wall Street Journal. ALL RIGHTS RESERVED.

House calls available in certain circumstances.

Stop in or call 727.896.0622 for an appointment.

Comments, questions or suggestions for this column, please send to jeffreyphess@aol.com.

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