Investing in Silver Dollars – What Are Your Coins Worth?

If you have made the decision to invest in silver, the next step is to learn all you can about your options. Silver coins are always in high demand with collectors and investors and typically net higher premiums than bars. Which would you rather have: a Kennedy half dollar minted in 1964 or one minted in 1965?

Would you rather have an’ early” dollar or a Morgan dollar? Silver investors know that silver dollars vary greatly in their worth, and they know what to look for. Before you begin investing, make sure you are aware of what to look for in your silver dollar coins and how to determine what they are worth. Here are some tips.

Be aware of the availability of the coin. Because the US Mint issues Silver Eagles and they are also issued by private mints, they are easy to find. They have a full ounce of silver and can be purchased relatively inexpensively. The ounce of silver is then worth whatever the spot price for silver is at the moment. By contrast, though, the rare 1840 silver dollars are worth hundreds of dollars because they are very difficult to find. Their worth is increased by the rarity of the coin.
Be aware of the silver content. Before, I asked what the difference was between a 1964 and a 1965 Kennedy half dollar. The answer is either a 90 percent silver content or a 40 percent silver content. The year of issue has a great deal to do with the amount of silver found in these dollar coins. Those minted before 1965 have much higher silver contents, making them more valuable for investors. Silver Eagles have a 99.9 percent silver content and contain a full ounce. These will be worth more than the 90 percent silver dollars, but both are a good investment.
Know how much silver is worth per ounce. If you have a coin, you can determine an approximate value by knowing how much silver can be netted from the coin. For instance, 10 pre-1965 silver coins equals one ounce of silver. You can determine the value of these coins by knowing how much silver is currently selling for.

Whether you purchase full one-ounce coins or silver half dollars with high silver contents, you can easily build security into your portfolio. Get started today with our Free Guide.