Shachar W. writes: i have a 1896 mint M silver dollar and a 1900 silver dollar of unknown mint (can’t make out the mint sign) I was wondering how much are they worth.
I have received many questions pertaining to Morgan and Peace dollars that are common dates and in average quality or lower. There are plentiful supplies of these coins and they are bought in sold in bags of 1,000 in the market. These are not the pristine uncirculated coins that collectors search out but simply a super bullion item that has more silver value than numismatic value. Though newbees to coin collecting are incredulous that an old coin could have so little value, it indicates that they are bringing to this age old hobby preconceived notions of what constitutes value and how coins are evaluated. Check out your local coin show. It’s a good place to begin a numismatic education.