You own silver dollars and you want to know how much the silver in your dollar coins is worth?

Mike from Buffalo asked

How much is the silver in a silver dollar worth?

Alan, reDollar expert answered

Many silver dollars are in circulation and most of them are worth the current silver price. But how much is the silver in a silver dollar worth and how much can you get paid if you probably think about selling? Actually, that’s easy to answer and explain.

First you need to know how much is silver worth

Silver Price per Ounce: $31.28
Silver Price per Gram: $1.01

If you know the current silver value, you also know how much the silver in a silver dollar is worth.

Morgan Silver Dollar

Purity: 90.0% silver
Weight: 26.73 grams
Silver-Selling-Value: $21.80

Peace Silver Dollar

Purity: 90.0% silver
Weight: 26.73 grams
Silver-Selling-Value: $21.80

Eisenhower Silver Dollar

Purity: 40.0% silver
Weight: 24.62 grams
Silver-Selling-Value: $8.92

Liberty Silver Dollar – American Silver Eagle

Purity: 99.9% silver
Weight: 31.1 grams
Silver-Selling-Value: $29.71

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.

Spanish silver dollar coinMost 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 $21.80 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.

4 pieces one dollar silver coins from the US, weight and purity

Question about the silver in a silver dollar?

Alan and Brian, reDollar experts, are responsible for handling and evaluating silver coins. They bring in their tremendous knowledge about us silver coins and dollar coins. Send us your question and we provide you a fast and free answer.

    Alan, reDollar expertAlan is an enthusiastic silver coin guy and always excited to get new silver coins on his laboratory table. Get him excited with your sliver coin inquiry and he will personally ensure to turn you in another very satisfied customer.

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