It is quite hard to define exactly how much a silver coin values now. Silver coins were first minted in the United states in 1794. Nonetheless, not all coins are of high value in spite of the fact that they can boast of a long history. The US mint used to issue a good number of silver money. But now it is only a thing of the past, since it was removed from circulation a long period of time ago and is issued as a rule for collectors. Anyway, possessors of silver dollars want to know the value of their collections.
Age matters a lot
The age of a silver coin is deemed to be one of the most important criteria that impacts upon its price.
The US mint is thought to have produced only 2 THOUSAND coins of the 1794 silver money & Flowing Hair Liberty silver dollars. Thus, they are believed to be expensive. The silver dollars issued a year later, for example, can be found easier and, as a result, are of lower value. The older silver dollars would be more expensive, but for their very poor condition.
The rarer - the more expensive
Another criterion that influences the cost of a coin is how rare it is. A significant number of silver dollars are rarities, but the rarest silver money known is the 1804 silver coins that are also among the most expensive silver money in the world. Their high value can be explained by the fact that they were considered to be the only coins issued in 1804. Some years later, other coins turned out to have been produced in the same year but mistakenly dated 1803. The changes were never made becuase of significant expenditure associated with the procedure. It was decided to mint a small number of the Silver dollars minted in 1804 in the year of 1836. Fifteen pieces are allged to have ben coined. The coins were designated for representatives of overseas countries and VIPs, but not for circulation. One of the Silver coins minted in 1804 was available on the monetary market at the end of the previous century and was valued at $4 million.
Among other very valuable silver coins are the 1878, 1891, 1893 CC Morgan Silver Dollars and the Peace Silver Dollar issued in 1928.
They are of exceptional interest to posseessors of rare coin collections & are most frequently hunted for. You may find their value on the Internet. There are a lot of sites where you can get this sort of information. There you will also find a price-list of other silver dollars that are less expensive but are of interest to coin collectors as well. Depending on how rare coins are their rates can differ from face value to several hundred dollars.
Though having been in circulation for a short period of time, silver dollars are among the most favourite collector's items these days due to their large size & numerous stories associated with them.
