If you collect silver dollars and are thinking of selling a few pieces, this is the perfect time to sell.
The industrial demand for silver has increased its value over the last decade. Previously, silver was mainly used for jewelry and tableware; whereas today, silver is being used in electrical supplies, cleaning supplies, equipment, the medical industry, and much more.
What is the value of your silver dollars?
It’s important to know the estimated value of your silver dollar collection, including the type and the the date it was minted. This will help you identify and set aside the most valuable silver dollars in your collection.
A good place to start when researching the value is by searching online. There are many sites that will list the current market value of each silver dollar.
To date, there are eight issues of the American silver dollar:
- The Flowing Hair (1794-1795)
- Drape Bust Small Eagle (1795-1798)
- Draped Bust Large Eagle (1798-1804)
- Seated Liberty (1836–1873)
- Trade Silver Dollars (1873–1885)
- Morgan Silver Dollars (1878–1904; 1921)
- Peace Silver Dollars (1921–1935)
Knowing the value of your silver dollar collection will help you determine fair price when you’re ready to sell.
Storing and Cleaning Silver Dollars
Store your silver coins in a dry place and clean with a soft cloth to keep them dust free.
Also, avoid attempting to correct any scratches or dents on your coins or applying any cleaning/polishing chemicals since some agents may harm or damage your coins.
Where to sell silver dollars
There are many coin dealers and silver buyers, finding one you trust can be difficult.
If you are selling for the first time, it’s natural to feel cautious about selling your silver dollars and any other silver or gold valuables.
Silver and Gold Exchange is one of the leading buyers in America. The trust and success that’s synonymous to our name is the result of years of hard and honest work. We have made it our goal to ensure our clients receive a fair, unbiased appraisal and top prices for their silver, gold, and platinum items.
I found that dealing with silver and gold exchange was very easy. Received a call right away asking if ther was anything I needed or if I had any questions. I received a fair price for my gold and silver coins and got the check within a few days. I would highly recommend them to anyone and feel certain they would receive the same favorable treatment. – Frank R., Lawrenceville, GA