Sell U.S. Silver Dollars (2024)

FAQs

How do I sell my silver dollars? ›

You have several options, including local coin shops, online precious metals dealers, online marketplaces, and direct sales to collectors. Rare coins are best sold direct to collectors who may pay a healthy premium. If you need to sell a large quantity of silver coins, then a dealer is ideal.

If you own any common Morgan or Peace silver dollars that are in worn condition, these are usually worth very close to the current price of an ounce of silver. Rarities or those in exceptionally good condition can be worth hundreds or even thousands of dollars.

Their value depends on if your silver coins are junk or collectible. If you have silver coins then they will be worth money. How much they are worth is dependent on if they are junk or collectible. You can sell junk silver coins at most local coin dealers.

The weight of your coins is probably one of the most accurate ways to tell if your silver coins are valuable. Since the silver market is measured by weight, you can look at the current price of silver and use that to determine your coin's value based on how much your coins weigh.

A silver dollar contains 0.7735 troy ounces of pure silver, so at the time of writing a silver Dollar would be worth over $17 on metal value alone. However, as a famous coin that attracts significant interest from coin collectors, some Dollars will sell for much more than others.

Dealing Coins At a Pawn Shop

If you own a silver dollar, it could be worth anywhere from $20 to $20,000.

What Should You Do with Your Old Silver Dollar Coins? Silver dollars are an excellent way of building up a silver coin collection. Old silver dollars have been increasing in value very well over the past ten years. In fact, the general increase in value is something like 20 percent and can be much more in some cases.

According to the NGC Price Guide, as of September 2024, a Eisenhower Dollar from 1776-1976 D in circulated condition is worth between $1.05 and $1.50. However, on the open market 1776-1976 D TYPE 2 Silver Dollars in pristine, uncirculated condition sell for as much as $7500.

All signs point to silver remaining a good investment in 2024. This means it's a good time to both buy and sell silver. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.

Physical gold and silver investments are subject to capital gains tax, calculated based on the difference between the price you paid and the price you sold it for. The Internal Revenue Service (IRS) classifies gold and silver as collectibles. Hence, they are taxed at a maximum rate of 28% on long-term capital gains.

How do I get the best price to sell silver? ›

There are multiple ways you can sell silver jewelry, bullion, coins, or other items. You can sell your silver to local buyers in jewelry stores, pawn shops, and brick-and-mortar cash-for-gold exchanges. For the best chance at a high price, consider selling your silver to an online buyer.

Silver dollars are extremely popular with collectors. They are large, heavy, and impressive coins to hold in your hand. The US doesn't make any coin nearly as impactful or cherished as the old silver dollars that used to be a part of everyday life many decades ago.

Almost all silver dollars gain in value but not always by much. For example, for a standard 1923 silver dollar, the value of it over 100 years later is between $30 and $40. In pristine condition, uncirculated dollars from that year can fetch up to $3,750. You might be asking which is the most expensive coin ever sold.

The tellers tend to keep those for themselves. Halves can still be found. You can get One Dollar coins (no silver content) at the bank, but actual silver dollars are no longer in circulation. You can buy Commemorative and collectible silver dollars, but you need to be prepared to pay way more than a dollar for one.

While some banks sell silver and gold coins and bars, many do not. Others may offer the option to order silver bullion.

There are multiple ways you can sell silver jewelry, bullion, coins, or other items. You can sell your silver to local buyers in jewelry stores, pawn shops, and brick-and-mortar cash-for-gold exchanges. For the best chance at a high price, consider selling your silver to an online buyer.

1776-1976 S SILVER Eisenhower Dollar Value

According to the NGC Price Guide, as of September 2024, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $10.25 and $11.50. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.

Market analysts currently predict that silver will soon price higher than gold. As consumer confidence increases after the Covid-19 lockdown protocols, silver consumption is expected to be sky high. Right now, the coming months will be the best time to sell your silver to maximize your profit.