Although coins are largely ignored these days, there are some dollar coins that are worth paying attention to. A few are worth millions of dollars due to their rarity or historical significance.
These coins are often the result of mistakes or unusual circ*mstances during the coin minting process, such as errors in design, uncommon metal compositions, or limited production runs. Coins that are in pristine condition and have a unique or interesting history are more likely to be valuable to collectors. However, the cost of these coins can vary over time depending on market conditions and the number of interested buyers.
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How do I know if I have a valuable silver dollar?
If you find some silver dollars lying around, check the year that it was issued and also look at the figure that is embossed on it, as the rare ones are given names based on the coin’s design. You can search for them on coin grading websites and auction results to get an idea if your silver dollar is valuable. If it appears that you have a coin that could be worth a lot, consult a reputable professional appraiser to get a better idea of your coin’s value.
The priciest US dollar coins are typically the most unique and most historically significant that have been produced throughout American history. Here are some examples:
- 1794 Flowing Hair Silver Dollar - This is the first dollar coin ever issued by the United States Mint, and only around 140 of them are believed to still exist. In 2013, one of these coins sold for $10 million at auction, making it the most expensive coin ever sold at the time. According to USA Coin Book, one of these coins can fetch up to $12 million in 2023.
— Darren Rovell (@darrenrovell) August 18, 2021Earlier this week, a Honus Wagner sold for $6.6 million.
Today, Texas Rangers co-owner Bob Simpson sold his 1794 “Flowing Hair” Silver Dollar for $6.6 million pic.twitter.com/VMgPPn5eLF
- 1803 Draped Bust Silver Dollar - This is one of the rarest and most valuable coins, and only four of them are known to exist. Each of these coins are worth around $1 million if they are in good condition.
- 1804 Draped Bust Silver Dollar - considered the “King of Coins,” only 15 of these coins are known to exist, and one sold at auction for over $10 million in 2013.
- 1870-S Seated Liberty Silver Dollar - This is the rarest regular-issue US coin, with only one known example in existence. It was discovered in a private collection in 1972 and sold for $750,000 at auction that same year.
