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By 1853, the value of a U.S. silver dollar contained in gold terms, $1.04 of silver, equal to $38.09 today. With the Mint Act of 1853, all U.S. silver coins, except for the U.S. silver dollar and new 3-cent coin, were reduced by 6.9% as of weight with arrows on the date to denote reduction.
The Pittman Act authorized the U.S. to melt up to 350,000,000 silver dollars, [30] and this commenced immediately after the Act's passage. [30] The U.S. eventually melted a total of 270,232,722 silver dollars. [30] Of that amount, 259,121,554 were sold to the United Kingdom at the cost of one dollar per troy ounce. [30]
The value of silver dollars can vary greatly, whether it’s the 1964 Kennedy half dollar or the 1922 silver dollar coin. And some rare specimens fetch astounding amounts at auctions.
No Motto Silver Dollar United States Wolfson, Jay, Delp ANR January 2005 $1,207,500 1804 Class III Silver Dollar United States Carter, Flannagan Bowers Merena July 2003 $1,200,000 1911 Hsüan-t'ung Dollar Pattern PR-63 China Heritage Auctions December 2021 $1,175,000 1792 Birch Cent J-4 Pattern United States Bushnell, Parmelee, Jenks, Green
Two exceptions are the first year of issue 1921 Peace dollar, minted only at the Philadelphia mint and issued in high relief, and the low-mintage 1928-P Peace dollar. The prices for the 1928-P dollar are much lower than its mintage of 360,649 would suggest, because the U.S. mint announced that limited quantities would be produced and many were ...
On "Pawn Stars" Rick Harrison had to spend a pretty penny ... to get a pretty silver dollar. A 1922 High-Relief Proof Coin to be exact. A coin expert told Rick and the seller that it's, "one of ...
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