Silver dollars are more than just coins – they’re pieces of history. For coin collectors, rare silver dollars can be valuable treasures, not just for their silver content but for their unique designs, stories, and the eras they represent.
From early U.S. Mint creations to special editions, these rare coins are highly sought after by collectors around the world. Here’s a list of eight of the rarest silver dollars, each with its own story and incredible value.
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1. 1804 Draped Bust Silver Dollar
Nicknamed the “King of American Coins,” the 1804 Draped Bust Silver Dollar is one of the rarest and most valuable U.S. coins. With only 15 known to exist, it’s a prized possession for collectors. The front of the coin features Lady Liberty, and the back showcases an eagle with a shield. In 2021, one of these coins sold for a whopping $7.68 million at auction! Its rarity and historical significance make it an absolute treasure.
2. 1885 Trade Dollar
The 1885 Trade Dollar is extremely rare, with only five known proof examples in existence. Originally minted for trading with Asia, this coin displays Lady Liberty seated on goods, symbolizing peace and commerce. In 2019, one sold for nearly $4 million. The limited number of surviving coins makes it one of the most coveted pieces in the collecting world.
3. 1794 Flowing Hair Dollar
As the first silver dollar ever minted in the United States, the 1794 Flowing Hair Dollar is a foundational piece in American coin history. Its design shows Lady Liberty with flowing hair on one side and a small eagle on the other. In 2017, this historic coin was auctioned for $2.82 million, highlighting its immense value to collectors.
4. 1776 Continental Dollar
The 1776 Continental Dollar represents a significant moment in U.S. history, minted during the Revolutionary War. Featuring “Continental Currency” on one side and a design symbolizing the unity of the colonies, this coin is a testament to the nation’s fight for independence. One of these coins fetched $1.52 million at auction in 2015, making it a prized collectible for both coin collectors and history buffs.
5. 1866 No Motto Proof Seated Liberty Dollar
The 1866 No Motto Seated Liberty Dollar is unique because it lacks the inscription “In God We Trust,” offering a rare glimpse into a transitional design phase for U.S. coins. In 2021, a collector paid over $1 million for one of these coins. Its rarity and distinctive design make it a must-have for serious numismatists.
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6. 1870-S Seated Liberty Dollar
With only a handful known to exist, the 1870-S Seated Liberty Dollar is one of the rarest in the series. The coin features Lady Liberty seated on one side and an eagle on the reverse. Its scarcity makes it a valuable piece, with one fetching $805,000 at auction in 2008. This coin is highly sought after for both its rarity and historical narrative.
7. 1893-S Morgan Silver Dollar
Known for its rarity and high demand among collectors, the 1893-S Morgan Silver Dollar was minted in San Francisco (noted by the ‘S’ mintmark). In 2018, a top-quality example of this coin sold for $735,000. Collectors prize it for its beautiful design and the story it tells about the history of the U.S. Mint.
8. 1884-S Morgan Silver Dollar
The 1884-S Morgan Silver Dollar is another coin that’s highly desired, especially in well-preserved condition. With Lady Liberty on the front and an eagle on the back, it’s a coin that collectors are eager to get their hands on. In 2020, one was sold for $750,000. Its rarity and stunning design continue to make it a favorite among numismatists.
Ethan is a passionate rare coin collector with years of experience uncovering the stories and history behind unique coins. His insightful articles are a go-to for anyone curious about coin values or their fascinating backstories.