Collecting rare silver dollars is more than just a hobby; it’s a journey through American history. These coins are more than their silver content—they’re artifacts of a bygone era, each carrying stories of the nation’s early days, major events, and artistic achievements.
From early U.S. Mint creations to limited-edition masterpieces, the rarest silver dollars are treasures that collectors prize for their historical importance and stunning designs. Here are eight exceptional silver dollars every enthusiast dreams of owning.
1. 1804 Draped Bust Silver Dollar: The King of Coins
Dubbed the “King of American Coins,” this silver dollar is as rare as it gets, with only 15 known examples. Struck with intricate detail, Lady Liberty graces the obverse, while an eagle and shield adorn the reverse. In 2021, one sold for a staggering $7.68 million. Its scarcity, historical significance, and beauty make it a must-have for elite collectors.
2. 1885 Trade Dollar: A Commercial Gem
The 1885 Trade Dollar was minted for trade in Asia, representing a unique blend of commerce and diplomacy. Only five proof-quality coins are known to exist today, and one fetched $3.96 million at auction in 2019. Lady Liberty, seated on a bale of goods, and an eagle on the reverse make this coin a standout piece for its rarity and design.
3. 1794 Flowing Hair Dollar: America’s First Dollar
The 1794 Flowing Hair Dollar holds the title of America’s first silver dollar. Designed by Robert Scot, it features Lady Liberty’s flowing hair on one side and a small eagle on the other. It represents the birth of the U.S. Mint and the dreams of a new nation. In 2017, one was sold for an impressive $2.82 million.
4. 1776 Continental Dollar: A Revolutionary Icon
Created during the Revolutionary War, this coin embodies America’s fight for independence. With “Continental Currency” inscribed on its surface and symbols of unity among the colonies, this dollar is a prized historical artifact. In 2015, one of these coins fetched $1.52 million at auction.
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5. 1866 No Motto Seated Liberty Dollar: A Rare Transition
This coin stands out because it lacks the motto “In God We Trust,” which was added to coins later that year. Its rarity lies in this transitional design, capturing a snapshot of U.S. history. A specimen sold for $1.05 million in 2021, making it a sought-after piece for collectors.
6. 1870-S Seated Liberty Dollar: A Mint Mystery
The 1870-S Seated Liberty Dollar is one of the rarest in its series, with only a handful of examples known. Featuring a classic depiction of Lady Liberty and an eagle, this coin is a mysterious gem from the San Francisco Mint. In 2008, one was auctioned for $805,000.
7. 1893-S Morgan Silver Dollar: A Collector’s Crown Jewel
The 1893-S Morgan Silver Dollar is a masterpiece of craftsmanship and scarcity. Minted in San Francisco, it is highly sought after for its limited production and exquisite design. One of these coins sold for $735,000 in 2018, cementing its place in the world of rare silver dollars.
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8. 1884-S Morgan Silver Dollar: High-Grade Treasure
Known for its sharp design and scarcity in well-preserved condition, the 1884-S Morgan Silver Dollar is a collector’s favorite. Featuring Lady Liberty and an eagle with the San Francisco Mint mark, a high-grade example sold for $750,000 in 2020.
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