Rare silver dollar sells for $521 online – see if you have one
A RARE 1903 Morgan silver dollar recently sold online for over $500.
The silver dollar was minted in New Orleans and made by the famous George T. Morgan.
Mr. Morgan was the seventh Chief Engraver at the US Mint and produced the Morgan dollar in 1878.
This coin was produced up until 1921 with nearly 4,450,000 minted, according to USA Coin Book.
The value of this particular rare coin is due to its year and minimal circulation.
Most of the mintage for the 1903-O and 1904-O Morgan dollars went directly from the coining press to the vault at the New Orleans Mint.
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This means the coins weren't in circulation for long, if ever.
Gainesville Coins reports that only an estimated ten or fewer 1903-O Morgans existed even though over 4.4million were minted.
This Morgan dollar was listed for just under its original value - 99 cents.
It stayed below $50 for about five bids until someone noticed its worth.
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It shot up from $50 to over $110 and continued to soar until selling for $520.11.
Other rare Morgan dollars
Silver dollars can be worth way more than its intended value.
USA Coin Book estimates the 1903-O Morgan silver dollar is worth $317 in average condition.
If in mint condition, the coin can be worth anywhere between $465 to $694 or more.
This 1884 S Morgan Silver Dollar recently sold online for $217.50.
Even though this coin was circulated, the value is still high as the Morgan dollar is coveted by many collectors.
How to spot rare coins
These Morgan silver dollars are not the only coins that could be valuable.
Make sure to check your spare change for any rare pennies, nickels, dimes, and others as many of these coins could sell for thousands.
Typically, the most valuable coins are ones with a low mintage or an error, as collectors find those coins are some of the rarest.
A great website to check if your coins are worth anything is eBay.
You just need to search the full coin name, select the "sold" listing and then toggle the search to "highest value.”
If your coins are rare and valuable, you can sell them on eBay or go through a specialist site such as Coinappraiser or USA Coin Book.
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These four Lincoln circulated pennies just sold online for up to $2,025.
Plus, this rare dollar coin recently sold for $7,800.
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