Silver dollars have long been prized by collectors, and some of them are worth much more than their face value. Over the years, certain silver dollars have become incredibly rare, and they are often at the top of every collector’s wish list. If you’re lucky enough to own one of these coins, you might be holding onto a treasure worth thousands, or even millions, of dollars. In this article, we’ll explore 8 of the most sought-after silver dollars that continue to fetch high prices at auctions and are highly coveted by numismatists.
1. 1794 Flowing Hair Silver Dollar
The 1794 Flowing Hair Silver Dollar is considered by many to be the first official silver dollar ever struck by the U.S. Mint. Only about 1,700 of these coins were produced, making them incredibly rare. In 2013, a 1794 Flowing Hair Silver Dollar was sold for a record-breaking $10 million, making it the most expensive coin ever sold at auction. Its unique design, which features Lady Liberty with flowing hair, makes it an important part of U.S. coin history.
2. 1804 Draped Bust Silver Dollar
The 1804 Draped Bust Silver Dollar is another coin that is on nearly every collector’s radar. Known as the “King of American Coins,” only 15 examples of this coin are believed to exist. The 1804 Draped Bust Dollar was struck as part of a special presentation set by the U.S. Mint to foreign dignitaries. In 1999, one of these rare coins sold for $4.1 million, and it continues to fetch incredible prices today.
3. 1889-CC Morgan Silver Dollar
The 1889-CC Morgan Silver Dollar, minted in Carson City, Nevada, is one of the most famous and rare coins from the Morgan Dollar series. Only about 350,000 of these coins were minted, but most were melted down or lost over the years. Today, this coin is highly valued, with specimens in mint condition selling for over $500,000. A gem-quality 1889-CC Morgan can even fetch upwards of $1 million at auction.
4. 1893-S Morgan Silver Dollar
The 1893-S Morgan Silver Dollar is another sought-after coin that’s highly prized by collectors. With only 100,000 coins minted, it’s one of the rarest of the entire Morgan Dollar series. The 1893-S Morgan was struck in San Francisco, and many of the coins were lost or damaged over time, making it extremely difficult to find in good condition. A high-quality 1893-S can command a price of $1 million or more, depending on its grade.
5. 1870-CC Carson City Morgan Silver Dollar
The 1870-CC Carson City Morgan Silver Dollar is considered one of the rarest and most valuable coins in the Morgan Dollar series. Only a small number were produced at the Carson City Mint, and very few have survived in pristine condition. A high-grade example of the 1870-CC Morgan Silver Dollar has been known to sell for over $1 million, making it a favorite among top-tier collectors.
6. 1921 High Relief Peace Silver Dollar
The 1921 High Relief Peace Silver Dollar is a rare and highly sought-after coin from the Peace Dollar series. The coin features a high relief design, which gives it a three-dimensional look, and was only produced for a brief period due to the difficulty of striking the coin in high relief. It’s considered to be one of the most beautiful coins ever minted by the U.S. Mint. Depending on the condition, the 1921 High Relief Peace Dollar can sell for between $50,000 and $500,000 at auction.
7. 1795 Draped Bust Silver Dollar
Another important coin in U.S. history, the 1795 Draped Bust Silver Dollar, features Lady Liberty’s profile on the obverse and an eagle on the reverse. This coin was part of the first series of silver dollars issued by the U.S. Mint and has become highly prized due to its historical significance and rarity. Some examples of the 1795 Draped Bust Dollar have been sold for prices reaching upwards of $1 million.
8. 1844-O Liberty Seated Silver Dollar
The 1844-O Liberty Seated Silver Dollar is a rare coin minted in New Orleans. Only about 100 examples of this coin are believed to have been produced, making it extremely valuable. The 1844-O Liberty Seated Dollar was minted as part of a limited release, and its rarity has only increased over time. Collectors have been willing to pay upwards of $1 million for this coin, particularly if it is in exceptional condition.
Conclusion
These 8 ultra-rare silver dollars are among the most coveted coins in the world. Whether it’s the historical significance of the 1794 Flowing Hair Silver Dollar or the beauty of the 1921 High Relief Peace Dollar, these coins continue to be in high demand at auctions and are often sold for millions of dollars. If you are fortunate enough to find one of these coins in your collection, you could be sitting on a small fortune.
FAQs
What makes these silver dollars so valuable?
The value of these coins comes from their rarity, historical significance, and condition.
How can I tell if I have one of these ultra-rare silver dollars?
To identify if you own one of these rare coins, you should carefully check the year, mintmark, and design.
Where can I sell my ultra-rare silver dollar?
If you believe you have one of these rare coins, consider selling it through a trusted coin dealer, at an auction, or through a reputable online marketplace.