Buy Morgan & Peace Silver Dollars in Ohio

The United States issued 90% silver dollar coins for circulation until 1935. These dollar coins in circulated condition generally do not fall into the category of "junk silver" like most circulated 90% silver half dollars, quarters, and dimes. Silver dollar coins are highly sought after by collectors and therefore command a collector's premium over the spot price of silver.

Pre-1878 Dollars

Dollar coins produced by the United States before 1878 include Flowing Hair (1794-1795), Draped Bust (1795-1804), Liberty Seated (1840-1873), and Trade Dollars (1873-1885). These dollar coins are generally rare and considered numismatic, or collector-grade, because of their often-significant value.

Flowing Hair and Draped Bust dollars are among the most expensive U.S. coins, with even low-grade examples bringing thousands of dollars. Liberty Seated dollars are more affordable but still command strong premiums, particularly for better dates. Trade Dollars were minted for use in Asian trade and are popular with collectors today.

Morgan Dollars (1878-1921)

Named for the designer of the coin, George T. Morgan, these dollars were minted for circulation from 1878 to 1904, and again in 1921. Morgan dollars are said to be the most popularly collected coin in the world. They were produced by the United States Mint in Philadelphia, New Orleans, Carson City, and San Francisco (and in Denver in 1921).

Although most of the years and mints from which they were produced are fairly common, several like the 1893-S, 1885-CC, and 1889-CC are quite rare and are considerably valuable to collectors. Carson City Morgans (those with a "CC" mint mark) are particularly sought after due to the romance of the Old West and the relatively short operating period of the Carson City Mint (1870-1893).

The 1921 Morgan Dollar is the most common date in the series, with over 80 million minted across three mints. These are excellent entry-level coins for new collectors.

Peace Dollars (1921-1935)

Beginning in 1921, the final year Morgan Dollars were also produced for circulation, the Peace Dollar was introduced to replace Morgan's design. The new design was adopted to commemorate the end of World War I and the peace that followed.

These dollars were produced by the United States Mint in Philadelphia, Denver, and San Francisco until 1935. Peace Dollars generally have less collector value than Morgan Dollars, with most circulated examples not having significant collector value beyond their silver content.

Peace Dollars from 1921, in any condition, and higher-grade coins produced after 1926 generally have additional collector value. The 1928 Peace Dollar is a key date with a low mintage of just over 360,000 coins.

Eisenhower Dollars (1971-1978)

The Eisenhower (or "Ike") dollar was introduced in 1971 to honor President Dwight D. Eisenhower, who had died in 1969. Like the Peace and Morgan dollars that preceded it, this coin is the last of the large-format dollar coins issued for circulation in the United States.

But unlike preceding dollar coins, examples issued for circulation have no silver content and are instead made from copper and nickel. Eisenhower dollars are often mistakenly referred to as "silver dollars" by the public because of their similarity to actual silver dollars, even though they contain no silver.

Adding to the confusion, the United States Mint issued collector versions of these coins not intended for general circulation from 1971 to 1976, composed of 40% silver (no silver versions were issued for the coin's final two years of production in 1977 and 1978). The silver versions of these coins are most often found in their original United States Mint packaging.

If you are unsure whether an Ike dollar is silver, look at the edge of the coin: non-silver coins will have a strip of copper visible on about half of the edge. In contrast, 40% silver Ike dollars have a solid silver-colored edge with no strip of copper visible.