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How A Mint Mark Can Affect The Value of Your Silver Dollars
How A Mint Mark Can Affect The Value of Your Silver Dollars
You may have been asked in the past for the mint mark of your coin, and
wondered where it was located and how it affects the value of your coin. If so,
and you’re still not sure of the answer to these questions, then this article is
for you!
Both coins have an image of Lady Liberty on the front and an eagle on the
back, but the location of the mint mark (if the coin has one) is located in
different areas.
It’s common for silver dollars to not contain mint marks, which means that they
were minted in Philadelphia. The Philadelphia Mint was the first mint
established in the United States and was the largest producer of silver dollars
in most years.
Sometimes, where the coin was minted is the real prize for coin collectors.
Morgan and Peace silver dollars were minted at a total of five U.S. Mints, and
you can figure out where a silver dollar was minted based on its mint mark:
Philadelphia
1899
1893
1894
1895
San Francisco
1886-S
1888-S
1889-S
1892-S
1893-S
1894-S
1895-S
1896-S
1903-S
New Orleans
1893-O
1895-O
1903-O
The king of the Morgan dollars is the 1895 variety, which has a starting price
of $25,000 in average circulated condition.
All of the 1895 Philadelphia minted Morgan silver dollars were proof or
specimen coins. Only 880 were ever minted. Many of them are unaccounted
for, and it is suspected that the survivability of these coins is substantially
below the original mintage.
The 1921 Peace dollar, which was the only high relief Peace
dollar minted
The 1928 Peace dollar: With a mintage of only 360,00 coins, it was the
lowest minted Peace silver dollar.
While only a couple of the coins are considered key date coins in circulated
condition, several others, including the 1924-S, 1927-S, 1928-S, 1934-S, and
1935-S Peace dollars are considered semi-key date or key date coins in
almost uncirculated condition or better.
We often get calls regarding the 1922 Peace Dollar and its related value. Over
17 million Peace dollars, designed by Anthony de Francisci in 1922, so it is a
fairly common coin to still come across compared to other dates.
Two other quick notes regarding Peace dollars. All Peace dollars include the
letter “V” in lieu of a “U” in the word “Trust.” This is not an error, but rather was
used to commemorate our victory in World War I. Also, the number “3” in 1923
Peace dollars in many cases looks like an “8.” If you have any questions, use
a loop or some type of magnification to confirm.
In Summary
The year of mintage of your Morgan or Peace dollar only tells half the story.
The mint at which the coin was produced is the key factor in determining
whether you have a common date, semi-key date, or rare silver dollar on your
hands.
Remember that not all silver dollars contain a mint mark, and if by chance you
happen to be lucky enough to come across an 1895 Morgan silver dollar
without a mint mark, you likely have a five-figure coin in your possession.
The other Morgan and Peace dollars highlighted above also have values that
well exceed the silver content of your coins.
Once you’re familiar with your coins, we recommend that you do your due
diligence before selecting a coin dealer. At Atlanta Gold & Coin Buyers, we’re
a member of several reputable industry organizations, such as the American
Numismatic Association, Certified Coin Exchange, CoinNet, Roundtable
Trading. We are also a PCGS and NGC authorized dealer.
As the leading coin dealer in the Atlanta area, we’re happy to buy and sell
silver coins, gold coins, rare coins, and more. Receive more when selling coin
collections to Atlanta Gold & Coin. To schedule an appointment with a
member of our staff, call 404-997-2918 or complete our online form.
Tony Davis
Tony Davis is the owner of Atlanta Gold & Coin Buyers, a full service Atlanta based coin
and bullion dealer specializing in buying, selling and appraising coins and coin
collections of all types and sizes. Tony frequently writes on various economic and
numismatic related topics affecting the coin and bullion markets and has been published
on some of the industry’s leading websites, including Coin Week, the American
Numismatic Association, Coin Collector, Coinflation, and Coin Auctions Help, just to
name a few. Visit Atlanta Gold & Coin’s website at atlantagoldandcoin.com to obtain
additional information on the products, services and educational resources offered by
his company. Tony can be reached at sales@atlantagoldandcoin.com or at 404-236-
9744