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Sell Silver Dollars for Best Value | Las Vegas Silver Dollar Buyers

The silver dollar coin is one version of the US dollar coin. It is the second-largest U.S. coin in terms of the physical size that is currently in circulation. This coin carries actual silver content, so you can easily sell silver dollars if you want to get rid of it. All you need to do is find reputable silver dollar buyers like Nevada Coin Mart, headed by Neil Sackmary. Neil pays the most cash for the value of silver dollars in all of Las Vegas. His shop is the best place where you can sell your silver dollars instantly and fuss-free. If you want to learn how to sell your silver dollar coins, prepare to read on.

Sell Famous Silver Dollars

To date, there are many silver dollar coins in the industry of coin-making, which can make selling your silver dollars a bit confusing. However, it is worth noting that 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.

Peace Silver Dollar

This is a replacement for 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, making it a valuable piece if you intend to sell your silver dollars. Its circulation started in 1928, then was suspended a few years later. It was reintroduced for two years, from 1934 to 1935, until its total cancellation. Despite the silver content, it carries as well its history, you’ll be surprised at how hard it is to find individual silver dollar buyers. So, we recommend bringing yours to Nevada Coin Mart where your coins will be treated well.

Silver Dollar Value

In selling silver dollars, its 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, a key factor that will help you sell your silver dollar coins. 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.

How to Sell Silver Dollars

Silver dollar buyers put a lot into consideration when buying items. Some of them pay more money for specific versions of silver dollars, while others don’t. Either way, the spot price of silver remains the heaviest factor that drives the base price of silver dollars. That said, it is important to stay updated with the spot price of silver. You can do so by clicking this link: https://www.kitco.com/charts/livesilver.html.

Additionally, below is a list of famous silver dollars since the US Mint released them back in 1974: 

  • Flowing Hair Dollar (1794 – 1795)
  • Draped Bust Dollar (1795 – 1804)
  • Gobrecht Dollar (1863 – 1839)
  • Liberty Seated Dollar (1840–1873)
  • Trade Dollar (1873–1885)
  • Morgan Dollar (1878–1921)
  • Peace Dollar 
  • Eisenhower Dollar (1971–1978)
  • Commemorative Dollars (1983–present)
  • American Silver Eagle One Dollar (1986–present)

Best Silver Dollar Buyer

Nevada Coin Mart is the best place for you to sell your silver dollars and all other silver items like silver bars and silverware.  Our store is home to professional silver dollar buyers that have been in the business for over 25 years. The number of people we have helped earn cash fast only proves that we are the most favored store in the entirety of Las Vegas and even Henderson. 

Where to Sell Silver Dollars

As the widest buyer of silver dollars in the area, we offer free evaluations for your coins. Our shop is open from 9 AM to 6 PM, 365 days a year. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 to get a free quote for your silver dollars. Also, feel free to call us up at 702-998-4000 to talk to our friendly coin experts today. 

Brief History

The US Mint manufactured the first dollar coins in 1794 in both gold and base metal versions. Specifically, the first U.S. dollar coin with a $1 face value was the 1804 silver dollar. With the Coinage Act of 1792, the production of silver dollar coins was finally official. As a result, from 1794 to 1803, the United States produced silver dollar coins, then ceased its regular production until 1836.

The US Mint originally coined the first silver dollars 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, which are quite popular among silver dollar buyers. 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.

References:

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

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