What is an 1881 silver dollar worth? The answer can vary from $20 up to $2,000 or more, depending on the specific coin that is being valued. Many investors have turned from gold to less expensive precious metals, and silver dollars that are minted in the USA have a high amount of silver content. Silver bullion prices have gone up considerably in the last few years, making silver dollars more valuable than ever.
To evaluate whether or not a silver dollar is a smart investment there are a number of factors that need to be examined. The coin condition is a critical factor, and will play the largest role in the price that the coin has. Coins that are worn and have most of the details rubbed off are usually valued based on the weight of the silver bullion that the coin has. These coins have been circulated for many years and have gone through many hands in this time.
The mint location also matters when valuing an 1881 silver dollar. These coins were minted at four different locations around the USA, and some of the minting locations create a higher coin value. The Carson City mint is the one which produced the fewest silver dollars in 1881, and this makes these coins the rarest out of all that were minted during this time. The CC mint mark can increase the value of the coin significantly.
Proof coins are very valuable when compared to regular coins. If the proof has never been circulated then this will bump up the value by quite a bit. In some cases the pristine mint condition proof coins can sell for $1,500 to $2,000. Even a small change in condition can cause a big change in the value that is placed on a coin.
An 1881 silver dollar can have a value that varies by a large amount. Each coin should be evaluated based on the individual factors in the case. Assuming that all silver dollars are worth more than you are paying is a mistake. Always have a coin value evaluated by an expert before making any purchase decisions.