1 Oz Fine Silver One Dollar Coin Worth
The 1 oz fine silver one dollar coin is a popular investment option for people who want to invest in silver. The value of the coin is determined by the amount of silver it contains. The US Mint produces this coin and it has a legal tender value of one dollar.
What is a Fine Silver One Dollar Coin?
The fine silver one dollar coin is made of 99.9% pure silver and weighs 1 troy ounce. It has a diameter of 1.598 inches and a thickness of 0.117 inches. The coin features the Walking Liberty design on the obverse and the Heraldic Eagle design on the reverse.
What is the Worth of a 1 Oz Fine Silver One Dollar Coin?
The worth of a 1 oz fine silver one dollar coin depends on several factors such as the current market price of silver, the rarity of the coin, and its condition. As of August 2021, the current market price of silver is around $24 per ounce. Therefore, the melt value of the coin is $24.
However, the worth of a 1 oz fine silver one dollar coin can be higher than its melt value if it is rare or in high demand. For example, a 2006-W Burnished Silver Eagle coin with a low mintage of 466,573 sold for $4,140 in a recent auction.
Factors that Affect the Value of a 1 Oz Fine Silver One Dollar Coin
Several factors can affect the value of a 1 oz fine silver one dollar coin. These include:
- Rarity: Coins with a low mintage are usually more valuable.
- Condition: Coins in excellent condition are more valuable than those with visible wear and tear.
- Age: Older coins are usually more valuable than newer ones.
- Design: Coins with unique or popular designs are more valuable.
It is important to note that the value of a 1 oz fine silver one dollar coin can fluctuate with the market price of silver.
Where to Buy 1 Oz Fine Silver One Dollar Coins
1 oz fine silver one dollar coins can be purchased from a variety of sources such as coin dealers, online retailers, and auctions. It is important to do your research and buy from a reputable seller to ensure that you are getting a genuine coin.
You can also buy 1 oz fine silver one dollar coins directly from the US Mint. The mint produces these coins in both bullion and proof versions. Bullion coins are intended for investors while proof coins are intended for collectors.
Conclusion
The 1 oz fine silver one dollar coin is a popular investment option for people who want to invest in silver. The worth of the coin depends on several factors such as the current market price of silver, the rarity of the coin, and its condition. It is important to do your research and buy from a reputable seller to ensure that you are getting a genuine coin.