Silver dollars in demand
By Mark Ferguson
From the classic 1794
Flowing Hair silver dollar through the
dollar series of 1921 to 1935, collectors are
busy assembling collections of these large coins
in various forms.
Some people collect by design type, others by
complete date and Mint mark issues, others by
varieties and still others by eye appeal,
especially of colorful toning. These collectors
provide a foundation of strong support for
silver dollars and other coins, for
But collectors are not isolated. It is difficult
to avoid being shaken by the bad economic news
bombarding us daily during the past few months.
While the coin market has been remarkably
resilient during this time, many are wondering
if values will continue to hold.
Greater weakness has occurred for off-quality
coins, but coins that are solid for the grade
are generally holding their own.
Up to this point we've seen no crash in the coin
market, but could we? Yes, of course. Markets
move both ways – up and down. However,
tremendous support continues for collector
Silver dollars comprise a market segment that
always seems to show good trading activity in
some area of the denomination. Lately the
dollars have been in the demand spotlight
because these coins provide a way to purchase
silver bullion and they have an added value play
in that their collector premiums may increase.
Demand has also been strong for the early
dollars, dating from 1794 through 1803 (and
including the 1804 coins). In fact, during the
past five years or so, values have risen so high
for these dollars that some collectors have sold
those collections, unable to afford the higher
prices for coins they still need.
More recently we've seen values increase rather
substantially through all grades of Seated
Liberty dollars. Trade dollars are following
this trend, although with less vigor.
Interest continues for
Many high-end Mint State
Morgan dollars are
posting strong prices. The recent
million-dollar-plus, record-setting sale of an
1893-S Morgan dollar, graded Mint State-67 by
Professional Coin Grading Service, is a great