The United States has been manufacturing silver dollars since the end of the 18th century. They will always hold the value because of the silver content, and the novelty of a large dollar coin is only growing as more and more people forgo the use of coins in everyday monetary exchanges. You can use the specific markings to identify the different types of silver dollars you have.
See if your coin is dated from 1840 to 1873 and features Lady Liberty seated and with her head turned around to the right. If so, you have a Seated Liberty Dollar.
Determine if your coin was minted from 1873 to 1885 and features Lady Liberty seated to the side with her arm outstretched. If so, you have a Trade Dollar. The words “Trade Dollar” appear on the reverse.
Look to see if your coin contains the year 1878 to 1904, or 1921, and it features a side view of a curly-haired Lady Liberty’s head. If so, you have a Morgan Dollar.
Examine your coin to see if the year is from 1921 to 1935 and features a side view of Lady Liberty’s head on the obverse and an eagle peacefully perched on the reverse. If that is the case, you have a Peace Dollar.
Tips & Warnings
Though silver in color, neither the Eisenhower dollar, produced from 1971 to 1978, nor the Susan B. Anthony dollar, produced from 1979 to 1981 and in 1999, have any silver metal content.
If you have a Morgan Dollar, check the mint mark, on the reverse underneath the eagle. If the mint mark is “CC,” your coin was minted in Carson City. Carson City Morgan Dollars are rare and valuable.
If you determine that your silver dollar is a Trade Dollar, weigh the coin on a gram scale. A legitimate Trade Dollar should weigh about 27.2 g. There are many fake Trade Dollars out there, and they will weigh a gram more or less than what a real Trade Dollar weighs.
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