ANTIQUE APPRAISAL: COIN SILVER DOLLAR VALUE

For purposes of clarification, the term “value” is a social agreement; it is the consensus among people interested in a property of what is a reasonable price for the property. It is not an amount that was realized from a specific sale on a specific date (price). It is an opinion based on relevant market activity (appraisal) as opposed to a fact based on a single transaction.

The intent of the First American silver dollar was to fill the same role in commerce as the old Spanish colonial milled dollar. The government’s lack of bullion and skilled labor make it impossible to strike enough pieces to have a significant role in the economy. Also complicating matters was the fact that the average silver content of these coins slightly exceeded that of the Spanish dollar, though it was exchangeable for them at par. As expected but not anticipated, most of them were thus exported and melted, worn Spanish dollars being shipped back in their place. Unwilling to change the specifications, the government stopped striking the coin for 30 years.  

There are several criteria that a coin appraiser at EmailAppraisals.com will consider when preparing a coin silver dollar value appraisal. To begin with, coins that are rare carry a higher demand among collectors and are valued higher, and also important is the grading (level of preservation) of the coin, based on established, industry standards.

Most coin value appraisal experts will agree that the first factor that makes a coin rare is its mintage. The term mintage is the number of coins struck for any given date at a specific mint. However, official mintage figures are often incorrect. Ultimately, scarcity is determined by actual supply and demand in the collectible marketplace.    

The grading of a coin is always of importance in establishing the coin silver dollar value. For decades, the controversy lay mainly in the differences between the dealer’s opinion about the grade for a specific coin and that of the collector. As grading became more complicated and values increased between coins of different grades, third-party grading services began operating. Because so much money hangs in the balance, many dealers and collectors are now willing to pay fees for an objective, disinterested opinion about the grade of their coins. Over the years, many grading services have emerged, some specializing in paper money and world coins. Fees differ from company to company depending on the level of service. A coin graded by one company may realize greater value than the same coin in the same grade graded by another company because of market perception.

The coin silver dollar value appraisal experts at EmailAppraisals.com have over four decades of experience in appraising silver coins including early silver dollars, Gobrecht dollars, seated liberty dollars, trade dollars, Morgan dollars, peace dollars, and Eisenhower dollars. If you would like an independent, certified appraisal report at a fraction of the cost and time of a traditional appraisal consider an online coin silver dollar value appraisal at EmailAppraisals.com.