The modern silver Dollar coin contains a full troy ounce of silver, and is valued mainly on its metal value. This should not be confused with the older Dollar coin, as this was - for a time - circulated currency.
Produced by the US Mint also has a nominal face value of one Dollar. To put this into perspective, the most expensive coin of all time is actually a silver Dollar, selling for $10 million at an auction in 2013! However, the potential reward of this risk is that, as a specific coin becomes more difficult to find throughout time, its collector’s value could soar. Investing in silver coins at a higher premium is a slightly riskier method for bullion investors, as they will only be able to sell them for a similar, or higher, premium to another collector who appreciates the coin’s numismatic qualities. This means that certain particularly rare coins will be likely to cost much more than it is really worth in terms of intrinsic, material value based on the coin’s fine silver content.
This means that they attract significant interest from coin collectors as well as investors in silver bullion, and their value can therefore be influenced by certain factors such as the scarcity of a certain design, or the year, or mint in which they were issued. Silver Dollars are what is known as ‘semi-numismatic’ coins. Circulating coins are also included in the United States Mints annual coin sets, which are the staple of coin collecting. However, as a famous coin that attracts significant interest from coin collectors, some Dollars will sell for much more than others. To calculate the value of a silver dollar, you multiply its fine silver content by the currentĪ silver dollar contains 0.7735 troy ounces of pure silver, so at the time of writing a silver Dollar would be worth over £10 on metal value alone. Like all precious metal bullion products, the price of a silver coin is not fixed and depends on a number of variables including its silver content and the spot price for silver, which also depends on various factors such as demand and confidence in the wider economy. Although this coin has a nominal face value of one dollar, a silver dollar is worth much more than that due to the value of its pure silver content. Between 17, the US Dollar coin was minted in silver. Congress passed the Coinage Act of 1965 in July, and while the new half-dollar retained its silvery appearance due to the outer layer being 80 silver and 20.