10 Rare Silver Dollars That Are Incredibly Valuable

Silver dollars are a symbol of America’s coinage history, and some of them are incredibly rare and valuable. These coins carry a story, often linked to significant events or periods in U.S. history. Collectors search for these coins, knowing that their worth can increase as time goes on. Each silver dollar has a unique background, adding to its allure. The history behind these coins is part of what makes them so special.

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1794 Flowing Hair Silver Dollar with Silver Plug

This coin is considered one of the most significant in American numismatic history. It is believed to be the first silver dollar ever struck by the U.S. Mint. The coin features a unique silver plug inserted into the planchet, a characteristic that sets it apart from other early dollars. Its rarity and historical importance make it a highly sought-after piece among collectors.

In 2013, a specimen of this coin was sold at auction for over $10 million, setting a record for the most expensive coin ever sold at that time. Given its unique features and historical significance, it is unlikely that another example will surface, further increasing its value. Collectors and historians alike regard this coin as a cornerstone of American coinage history. Its sale price underscores its rarity and desirability.

1795 Draped Bust Silver Dollar, Off Center

The 1795 Draped Bust Silver Dollar with an off-center strike is a notable error coin. The off-center strike results in a portion of the design being missing, creating a unique appearance. Error coins like this are highly collectible due to their rarity and distinctive features. This particular variety adds to the coin’s appeal among collectors.

In terms of market value, this coin can command higher prices due to its error status. For instance, a specimen in AU53 grade has been sold for approximately $17,200. The coin’s value is influenced by factors such as the degree of the off-center strike and its overall condition. Collectors often seek error coins with clear and distinct features.

1802 Proof Draped Bust Silver Dollar

The 1802 Proof Draped Bust Silver Dollar is part of a limited series of proof coins struck during the early 19th century. These coins were specially made for presentation purposes and were not intended for circulation. The 1802 proof is particularly rare, with only a few examples known to exist. Its limited mintage adds to its desirability among collectors.

In terms of market value, this coin can be quite valuable. For example, a specimen in uncirculated condition has been valued at approximately $255,000. The coin’s value is primarily determined by its grade, with higher-grade examples fetching premium prices. Collectors often seek coins with sharp details and minimal wear.

1803 Proof Draped Bust Silver Dollar

The 1803 Proof Draped Bust Silver Dollar is another example of early U.S. proof coinage. Like the 1802 proof, it was struck for presentation purposes and is not commonly found in circulation. The 1803 proof is rare, with only a few known examples, making it a prized piece among collectors. Its limited mintage and historical significance contribute to its value.

In terms of market value, this coin can command high prices. For instance, a specimen in PR66 grade has been sold for approximately $851,875. The coin’s value is influenced by its grade, with higher-grade examples fetching premium prices. Collectors often seek coins with sharp details and minimal wear.

1804 Draped Bust Silver Dollar, Watters-Childs Specimen

The 1804 Draped Bust Silver Dollar, Watters-Childs Specimen, is one of the most famous coins in American numismatic history. This coin was struck as part of a diplomatic presentation set and is one of the few known examples. Its unique history and limited mintage make it a highly sought-after piece among collectors. The coin’s design reflects the artistic styles of the early 19th century.

In terms of market value, this coin has achieved record-breaking prices. For example, a specimen in PR68 grade was sold for $4,140,000 in 1999. The coin’s value is influenced by factors such as its grade, historical significance, and overall condition. Collectors often seek coins with sharp details and minimal wear.

1866 Proof Liberty Seated Dollar, No Motto

The 1866 Proof Liberty Seated Dollar without the In God We Trust motto is a rare variety. The omission of the motto was due to a transitional period in U.S. coinage. This variety is highly collectible due to its rarity and historical context. The coin features a seated Liberty on the obverse and an eagle on the reverse.

In terms of market value, this coin can command high prices. For example, a specimen in PR65 grade has been sold for approximately $100,000. The coin’s value is influenced by factors such as its grade, toning, and overall eye appeal. Collectors often seek well-preserved examples with original surfaces.

1870-S Liberty Seated Silver Dollar

The 1870-S Liberty Seated Silver Dollar is notable for its low mintage. Only a small number of these coins were struck, making them scarce and highly collectible. The coin features a seated Liberty on the obverse and an eagle on the reverse. Its design reflects the artistic styles of the late 19th century.

In terms of market value, this coin can vary based on its condition. For example, a specimen in AU55 grade has been valued at approximately $150,000. The coin’s value is influenced by factors such as its grade, toning, and overall eye appeal. Collectors often seek well-preserved examples with original surfaces.

1884 Proof Trade Dollar

The 1884 Proof Trade Dollar is part of a limited series of proof coins struck during the late 19th century. These coins were specially made for presentation purposes and were not intended for circulation. The 1884 Proof Trade Dollar is particularly rare due to its limited mintage and high demand among collectors. It features a unique design with Lady Liberty on the obverse and an eagle on the reverse.

This coin typically ranges in value from $2,000 to $10,000, depending on its grade. A specimen in PR65 grade has been known to fetch higher prices, with exceptional examples being sold for over $15,000 at auction. Its rarity and historical significance contribute to its desirability. Collectors highly seek out well-preserved versions of this coin for their collections.

1885 Proof Trade Dollar

The 1885 Proof Trade Dollar, like the 1884 version, was struck in limited numbers for presentation purposes. It is part of a series that was intended to showcase U.S. coinage, which makes it especially valuable for collectors. The design features Lady Liberty with an eagle, a symbol of American strength. Due to the low mintage, only a few of these coins remain in good condition.

This coin typically ranges in value from $2,000 to $12,000, depending on its grade and condition. High-grade specimens, especially those with excellent eye appeal and minimal toning, can command prices that exceed $20,000. Its historical significance as part of the Trade Dollar series adds to its appeal. Well-preserved examples are highly sought after by collectors who specialize in U.S. coinage.

1889-CC Morgan Silver Dollar

The 1889-CC Morgan Silver Dollar, minted in Carson City, is one of the more famous coins in the Morgan Dollar series. Carson City minted fewer coins than other mints, contributing to the rarity of this coin. This silver dollar features a detailed portrait of Lady Liberty and an eagle on the reverse, a classic design created by George T. Morgan. It is highly valued for both its historical importance and its scarcity.

Market value for the 1889-CC Morgan Silver Dollar varies widely depending on its grade. In lower grades, the coin can be valued at around $300 to $600, but higher-grade specimens can fetch between $2,000 and $4,000. The 1889-CC is especially prized by collectors of Morgan Dollars and those seeking to complete a set of Carson City mint coins. Its rarity and popularity ensure that it remains one of the most sought-after coins in U.S. minting history.

Collecting rare silver dollars is a rewarding experience that offers both historical insight and potential financial gain. Their uniqueness and scarcity make them valuable assets for any collection. As interest in rare coins continues to grow, these silver dollars remain highly desirable among collectors worldwide.

This article originally appeared on Avocadu.