Coin and Paper Money Collecting/US silver dollar

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Question
What would the current value of a 1896 silver dollar be? Seems in good condition.s6pk

Answer
R. Hartman:

1896 is a common date for Morgan Dollars in lower grades. Look on the back of the coin to see if there's a small mint mark letter above the "DO" in "DOLLAR". It may have an "O" for New Orleans or "S" for San Francisco. A coin with no mint mark was struck at Philadelphia.

The retail values may vary significantly due to changes in the precious metals market. The wholesale (buying) price of a coin will be less than the selling (retail) price.

The retail value of a "Good" 1896 silver dollar will range from about $25 to $30. Today, silver closed at a little under $24 a troy ounce. Your coin contains about 3/4 troy ounce of silver, and has a melt value of $18.45. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.  

Coin and Paper Money Collecting

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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributor to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency on Facebook. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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