How to Collect US Silver dollars ?
Silver dollars are the largest silver coin produced by the U.S. Mint for general circulation, and they’re beautiful and impressive. Is it any wonder that U.S. silver dollars are among the world’s most eagerly collected coins? The following are some ways for you to get in on the action.
By type:
- Difficulty rating: Easy. All the types listed in the preceding section are easy to find on the market, but the Flowing Hair and Draped Bust types are expensive.
- Cost estimate: A silver dollar type set in Fine condition runs $7,200; in Uncirculated condition, the price jumps to roughly $100,000.
By date/mintmark:
- Difficulty rating: Impossible. In the two-date Flowing Hair series, the 1794 is a rare coin. The 1804 is uncollectible. In the Seated Liberty series, the 1836 through 1839 proofs are rare; the 1851, 1852, 1858, and all the Carson City issue are rare; the 1870-S is extremely rare; and the 1873-S is unknown. The extreme rarity of the 1884 and 1885 trade dollars makes a set impossible. Morgan dollars are difficult because the 1895 is a stopper. Peace dollars, Eisenhower dollars, Susan B. Anthony dollars, and Sacagawea dollars are no problem.
- Cost estimate: In Fine condition, a set of Flowing Hair dollars runs $100,000, a set of Draped Bust dollars costs $25,000 (without the 1804), a set of Seated Liberty dollars runs around $50,000 (without the 1870-S), a set of trade dollars (without the 1884 or 1885) costs roughly $6,500, a set of Morgan dollars runs roughly $3,000 (without the 1895), and a set of peace dollars runs $375. In Uncirculated condition, don’t even consider collecting the Flowing Hair, Draped Bust, Seated Liberty, trade, or Morgan dollars. When you hit the peace dollar series, the price become manageable, and then you’re looking at $4,500 for starters. The Eisenhower, Susan B. Anthony, and Sacagawea dollars are all reasonably priced in Uncirculated and proof grades.
By die variety:
- Difficulty rating: Impossible.
- Cost estimate: Forget about it.
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