July 13, 2022

Rare dollar coin sells for $2,905 – what you need to look for to find one too

[The Sun]

YOUR coins could be worth a ton of money just like a dollar piece that sold for nearly $3,000 online.

But you need to know what to look for on your coins.

The coin contains 90% of silver and 10% of copper

Some elements could pertain to the specific date and mintmark, but where exactly they can be found will depend on the coin.

For others, you can find value in errors.

Rare pieces can be found in simple places around your home such as coin jars, piggy banks or anywhere else you may store change.

It’s also worth purchasing a coin roll from the bank because there’s no downside – any coins with a regular face value can just be deposited back in your bank account.

In fact, coin expert Eric Miller has found a $1,000 Lincoln penny and five error coins by trying these simple tricks.

This month, a dollar coin sold for a total of $2,905 after nine bids on eBay.

Here’s what you need to look for to potentially find one too.

How to spot it

The dollar piece that sold is a part of the Morgan Silver Dollar series.

Along with silver, these coins contain 10% of copper.

But most importantly, the series was in mintage from 1878 to 1904, followed by two others in 1921 and 2021.

That means collectors could see these as antiques and you might score a lot more than what the its $1 denomination.

The year engraved on the sold coin is 1883, which could be found on the bottom center of the obverse just under the image of Liberty.

Also, there is no mintmark on the coin – meaning it was minted in Philadelphia.

If there is a mintmark on a Morgan Dollar it can be found on the reverse.

How much is it worth?

Always keep in mind that the value of your coins will likely vary by grade and condition.

In average condition, the 1883 Morgan dollar is worth $31, according to USA Coin Book.

The particular coin in the eBay listing is described by the seller as being “rare” and in a “high grade”.

However, the exact grade was not revealed but the seller claimed it was circulated.

What other dollar coins are valuable?

For other Morgan Dollars, you’ll want to look out for the 1893 date.

If it happens to have an S letter mark, which stands for San Fransisco – congratulations because you just found the rarest one in the series.

The 1893-S coin has a mintage of just 100,000.

In an auction that ended in May, one buyer paid nearly $13,000 for a circulated piece.

And then there’s the draped bust dollar with the 1795 date.

It could be worth $2,448 in average condition, and up to $513,313 in an MS-65 grade.

Another dollar coin to look out for is the 1872 Carson City (CC) piece.

The mintage is extremely low, with just over 3,000 of these coins minted.

The piece could be worth as much as $109,541 in an MS-63 grade or $3,316 on average.

To see if your spare change is worth anything, you can check eBay by searching the full name, selecting the “sold” listing, and then toggling the search to “highest value”.

This will give you an idea of how much the coin might be worth, because your quarters half dollarsdimesnickels, and Lincoln pennies could be valuable too.

For more realted stories, check out the most valuable silver coins in circulation.

By Anthony Russo

Leave a Reply