Value of Liberty Head Dollars

By Johnny Kampis
Morgan silver dollar.
morgan silver dollar image by John Sfondilias from Fotolia.com

Liberty head dollars can vary in value greatly depending on the year they were minted, the condition of the coin and the rarity of the issue. All Liberty head dollars coined by the U.S. Mint are primarily made of silver.

Types

The design of the Liberty head dollar changed over the years. The existing varieties are known as Flowing Hair, Draped Bust, Liberty Seated, Trade Dollars, Morgan and Peace.

Conditions

A coin that is free from much wear and contact marks can be considered to be uncirculated. Well-worn coins grade in good, fair and very fine conditions.

Values

The early 1794 Flowing Hair Liberty dollars can be worth $50,000 even in merely good condition and more than $500,000 in uncirculated condition as of 2010. More recent coins such as the Morgan and Peace dollars issued from 1878 to 1921 and 1921 to 1935 tend to be valued at $20 to $50 in very fine conditions and $50 to $100 in uncirculated condition as of 2010.

Composition

Most Liberty head dollars are made up of 90 percent silver and 10 percent copper.

Size

Liberty head dollars tend to be 38 mm in diameter and weigh around 25 grams.

Resources

About the Author

A veteran of the newspaper industry, Johnny Kampis has worked as a freelance writer since 2005. His articles have appeared in various publications including "The New York Times," "Atlanta-Journal Constitution" and the "San Francisco Chronicle." He currently serves as an editor of poker-based "Rounder" magazine and writer for the Alabama football publication "Crimson" magazine.