Sell Morgan and Peace Silver Dollars in Dallas

Morgan and Peace dates we see most, and why some bring more

Morgan dollars were struck from 1878 to 1904 and again in 1921. Peace dollars followed from 1921 to 1935. Both hold the same silver, so the gap between two coins comes down to where and when each was made and how well it survived. We leave dollar figures out on purpose, since collector prices move and a number on a web page goes stale fast.

Not every big silver-colored dollar is silver

Families often hand us a bag labeled silver dollars and learn at the table that half of it is something else. That is normal. Here is what tends to get mixed in.

• Varieties count too: some 1878 Morgans show eight tail feathers, some seven. We point out a real variety when we find one and never invent a premium.
• Eisenhower dollars from 1971 to 1978 are copper-nickel. The exception is the 40% silver version struck in San Francisco for collectors and sold in special packaging.
• Susan B. Anthony, Sacagawea and Presidential dollars contain no silver and are worth face value in most cases.
• American Silver Eagles hold one troy ounce of .999 silver and are priced as bullion first.
• Modern Morgan and Peace dollars dated 2021 and later are newer U.S. Mint collector issues in .999 silver, so we price them apart from the originals.
• Trade dollars and Seated Liberty dollars came before the Morgan and are judged as their own series.
• Copies and fakes, often bought online or on a trip overseas, fail on weight or on the XRF reader. We show you the reading.

Rolls, bags and bank-wrapped dollars

Silver dollars often arrive in groups: a paper roll of twenty, a plastic tube, a canvas bank bag, or a coffee can of a grandparent's savings. Please leave them that way. An original bank-wrapped roll can be worth more intact.

At the appointment we count the group, weigh it on a scale inspected by the Texas Department of Agriculture, then look at each coin. Common dates get grouped at a silver-based price. Better dates, Carson City coins and high-grade pieces get priced one by one. Your written offer lists both, so you can see how much comes from silver and how much from collector demand.

If you want to keep a few, such as a birth-year coin or one for each grandchild, tell us. Sell the rest and keep those. The offer adjusts line by line.

Why so many silver dollars turn up in Dallas homes

Silver dollars hung on in the Southwest long after they faded from pockets back East. Ranch hands, oil crews and Main Street merchants in North Texas were used to hard money, and the Federal Reserve Bank of Dallas, chartered in 1914, kept local banks supplied with bags of them. When the Treasury emptied its stock of silver dollars in the early 1960s, plenty of those coins went home with Dallas bank customers and never came back out.

That history explains what we see at the table. A cigar box from a Lakewood bungalow holds forty Morgans, most of them New Orleans coins, since New Orleans was the nearest mint to Texas. A dresser drawer in Oak Cliff has a roll of 1922 Peace dollars a grandmother got at the bank. A garage shelf in Pleasant Grove has a tube of mixed dates that a father added to every payday. Each of those groups prices differently, and the only way to know is to look coin by coin.

Dallas weather plays a part too. Coins stored in a hot attic or a garage that tops 100 degrees in August can tone, and coins kept for decades in soft plastic flips can pick up green residue from the PVC. Do not scrub either one off. Toning is sometimes attractive to collectors, and residue can often be dealt with later by a grading service. A coin rubbed clean with a kitchen towel loses grade for good.

Some buyers in town will weigh a roll of dollars and pay on silver alone, which is quick and easy for them. It can leave money behind on a better date mixed into a pile of 1921s. We sort first and weigh second, and you watch both happen.

Appointments are Monday to Friday, 9am to 5pm, with directions sent when you book. If your silver dollars fill a safe or a bank bag too heavy to carry, call (469) 754-8608 and ask about a home appointment.