Collecting coins is done by both serious collectors, who amass very valuable coins of high monetary and historical value, and by casual collectors who simply enjoy searching for and acquiring pieces, regardless of value. There are several types of silver dollar coins and the condition of the coin has much to do with its price. One way to find the price collectors and dealers assign to your type of coin is by contacting a coin dealer in person. There are also online price guides and trade magazines that can help you determine the approximate value of your silver dollar coin.
Visit the United States Mint website (see link in Resources).
Click on the "Collector's Club" link on the left-hand side of the screen.
Click on "Coin Info and Resources."
Click on "Coin Dealer Database." Select the state that you are interested in finding a dealer in and click "Go." A list of dealers in that state with contact information will appear. Call the dealer and set up a time to have your coin appraised. He will be able to give you up-to-the-minute pricing information based on the particular condition of your coin.
Visit the Professional Coin Grading Service (see References). This non-profit organization grades thousands of coins, including silver dollars. Review the information on the site regarding their grading system and how it can be applied to your coin in comparable condition. Click on "Price Guide," after determining your coin's condition. Find your coin in the "Dollars" section and view a list of prices for different grades (conditions) of that coin.
Research your coin at the Numismatic Guaranty Corporation, a membership-based coin grading service (See Resources). Their price guide contains up-to-date values for U.S. coins based on real transactions. Free membership entitles subscribers to some of the website's services, and paid memberships allow subscribers to send in coins for inspection and grading.
Find your coin in the Coin Value Tables at U.S. Coin Values Advisor website (see References). Click on U.S. Coin Values on the left-hand side of the homepage, then click on "Link to Coin Value Tables" on the right side of the page. Select your coin from the list that appears. Select the year and any other defining characteristic of your coin and the coin value table for your coin will appear.