How much is the silver in a silver dollar worth?
How much is the silver in a silver dollar worth and where does the value come from?
Besides gold, silver was once the most important metal and an important medium of exchange. Farmers all over the US used silver and especially silver coins for trading their merchandises. The wealthy farmers even hired silversmiths to transform silver coins into decorative silver like vases, flatware or candlesticks.
Most silver dollars, except the modern Liberty bullion coins, were made of 90% silver (.900) and weighed 26.73 grams. The earliest US dollar coins were based on the Spanish dollar coin. Those silver coins, along with other silver coins of similar size, weight and purity, were later used in the United States and even remained as a legal tender until 1857.
The silver in a .900 silver dollar weighing 26.73 grams is worth $16.53 today. Depending on the stock market, the silver price goes up and down. The value is independent from the dollar coin’s condition because we only talk the silver value and NOT the collector’s value..
Silver in a Silver Dollar
As mentioned before, for most silver dollars .900 silver was used except the modern silver dollar bullion coin called “Liberty Silver Dollar” which is made of pure silver.
Question about the silver in a silver dollar?
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