Silver dollar coin

The silver dollar coin is one of the most iconic coins of the United States, minted in silver and known for its historical design and numismatic value.

About this subject

The silver dollar coin, also known as the silver dollar, was a regular circulation coin in the United States from 1794 to 1935, with later issues for collectors. The most famous is the Morgan Dollar, minted from 1878 to 1904 and again in 1921, designed by George T. Morgan. Its obverse features Lady Liberty wearing a Phrygian cap, while the reverse shows an eagle with outstretched wings. Another classic is the Peace Dollar, minted from 1921 to 1928 and in 1934-1935, commemorating the end of World War I.

These coins are composed of 90% silver and 10% copper, weighing 26.73 grams with a diameter of 38.1 mm. The pure silver content is approximately 24.06 grams. Therefore, their intrinsic value fluctuates with the metal price. Beyond melt value, well-preserved specimens or those with mint errors can fetch hundreds or thousands of dollars in the numismatic market.

The design of the coins reflects American history. The Morgan Dollar was created following the Bland-Allison Act, which required the government to purchase silver. The Peace Dollar symbolizes peace after the Great War. Today, these coins are highly collectible, with series like Carson City Morgan Dollars or the first 1921 Peace Dollars being especially rare.

For Brazilian collectors, the silver dollar coin also holds appeal, whether as a precious metal investment or as part of international collections. Many examples circulate in Brazil through numismatic trade or immigrant inheritances. Authenticity can be verified by weight, diameter, and sound when struck on a hard surface, but certification by companies like PCGS or NGC is recommended for high-value items.

Frequently Asked Questions

What is the value of a silver dollar coin in silver?

The intrinsic value is based on the pure silver weight (24.06 g) multiplied by the current metal price. As of 2025, this is around $20 to $30, but rare or well-preserved coins can be worth much more.

How to identify an authentic silver dollar coin?

Check the weight (26.73 g), diameter (38.1 mm), and metallic sound when struck. Mint marks (e.g., 'CC' for Carson City) and the year should be clear. Certification by companies like NGC or PCGS is the safest method.

What is the difference between Morgan Dollar and Peace Dollar?

The Morgan Dollar was minted from 1878 to 1921, featuring a classic Liberty design. The Peace Dollar was minted from 1921 to 1935, with a more art deco design and a perched eagle, symbolizing peace after World War I.