Silver dollar coins are valued both for their amounts and purity of silver and their status as collectibles. Many of our parents and grandparents used silver dollar coins to pay for groceries. At that time, the silver dollars in circulation were Morgan silver dollars and Peace silver dollars. Today modern silver dollars, like the American Silver Eagle, are more popular to collect and give as gifts to commemorate special occasions, birth years, and anniversaries.

Silver dollars have a $1.00 face value and contain a precious metal content of at least 90% silver. There are many modern silver dollar coins that are produced for collectors by the U.S. Mint with special proof and uncirculated finishes, as well as regular business strike coins intended for regular circulation.

Coin grading companies, like NGC & PCGS, provide grading of coins based on condition, which can increase the collectible value.

GSA Hoard designates a specific cache of several million silver dollars held in the vaults of the U.S. Treasury Department, then discovered later and sold by the General Services Administration (GSA) from 1972 to 1980. The majority of these coins were Morgan silver dollars minted in Carson City.

Uncirculated silver dollars from the GSA Hoard were encapsulated in hard plastic holders and are often certified by coin grading companies to increase their market value. Silver dollars with natural rainbow toning are especially desirable to collectors.

Morgan Silver Dollars, minted between 1878-1904, and again in 1921, are undoubtedly the most collected coin throughout the U.S. and the world. For collectors, the goal is always to find a coin that has been well-preserved over the years. With many of these coins being more than 100 years old, it is not common to find a Morgan Silver Dollar that appears to be untouched.

The 1921-1935 Peace Silver Dollar is popular because of its limited mintage, historical significance, and simple beauty. Because this coin was emblematic of peace following World War I, many collectors view the Peace Dollar as a piece of American history.

The Peace dollar is also significant among collectors because it was the last dollar coin containing silver struck for circulation purposes.

If you are looking for a local coin shop who buys silver dollars, researching where to sell silver dollars near you, or want to have your silver dollars appraised, PGS Gold & Coin is the premier silver dollar buyer, silver dollar seller, silver dollar appraiser in the Chicagoland and Midwest region.