Silver dollar coin

The silver dollar coin, such as the Morgan Dollar or Peace Dollar, is an icon of American and world numismatics.

About this subject

The American silver dollar is one of the most sought-after coins among collectors. Minted from 1878 to 1904 and again in 1921, the Morgan Dollar is famous for its detailed Lady Liberty design. The Peace Dollar, struck from 1921 to 1935, commemorates the end of World War I. Each coin contains approximately 0.7734 troy ounces of pure silver.

Beyond the intrinsic metal value, the silver dollar holds significant historical meaning. It represents the economic expansion of the United States in the late 19th and early 20th centuries. The Bland-Allison Act of 1878 forced the government to purchase large quantities of silver for coinage, creating these dollars.

Collecting silver dollars is a global hobby, with investors and numismatists seeking pieces in various conditions. Values range from a few dollars to thousands, depending on year, mint mark, and condition. The 1893-S Morgan Dollar in high grade is one of the rarest.

Trivia: The Morgan Dollar was designed by George T. Morgan. The New Orleans Mint (O mintmark) produced many of these dollars. The Peace Dollar was the last American silver dollar for circulation.

Frequently Asked Questions

What is the current value of a silver dollar?

The value varies by year, mint mark, and condition. A common Morgan Dollar in fine condition may be worth $30-$50, but rare pieces like the 1893-S can exceed $100,000.

How can I tell if my silver dollar is genuine?

Check the weight (26.73g), diameter (38.1mm), and silver content. Magnetic tests (silver is non-magnetic) and visual inspection of details help. A professional appraiser is recommended.

Are silver dollars still minted today?

Yes, the US Mint produces modern silver dollars like the American Silver Eagle since 1986, but these are bullion coins, not for circulation.