What is the value of an 1816 silver dollar?

Answer 1

The value of any coin this old will vary widely depending on the exact condition of the coin. How much of the original design details still exist? Has it been cleaned or damaged? Is it genuine? Assuming it is real, and very worn, its value will be about $700 If in better condition, it will be worth thousands of dollars, but you will need a professional first-hand appraisal to determine exact grade and value. Try checking www.coinshows.com to see if there are any upcoming coin shows in your area, where you can take the coin for a free appraisal. To second the need for a first-hand examination: there are many counterfeit dollar coins, mostly made in Asia. Some of them are really obvious (impossible dates or designs) but others are so good that they can fool all but the most expert appraisers.

Answer 2

U.S. silver dollars were not issued in 1826. Could you check the date and denomination, please? If the date and denomination agree, you either have a fantasy piece or an outright counterfeit. Dollar-size pieces are a favorite of counterfeiters in the Far East. Some of the products are laughably bad (wrong dates, images reversed, etc.) while others are almost undetectably accurate.

Answer 3

The U.S. did not mint silver dollars for circulation from 1804 to 1835 inclusive. If you have a U.S. "dollar" bearing that date it is either a fantasy piece made privately, or an outright counterfeit. Dollar-sized coins are frequently counterfeited; some are very good and others have impossible dates and mottoes, so beware.

An exception would be the 1804 dollar of which 15 are known. These coins were actually minted in 1834/35 and given as diplomatic gifts to the King of Siam and the Sultan of Muscat in recognition of trade agreements between those countries and the US.

President Andrew Jackson directed that a complete set of coins of the United States be assembled for presentation to each leader. However, not all denominations of coins struck at the U.S. Mint were in production in 1834. In checking mint records it was found that the last year in which a dollar coin was struck was 1804. Actually the 19,570 silver dollars struck in that year bared the date 1803 as the Mint traditionally saved costs by using dies from previous years. Thus one of the rarest U.S. coins was created.

In 1997, an 1804 dollar, known as the "Stickney" specimen, sold for a world record price for a rare coin sold at auction at $1,815,000.

You can find more info here: http://www.1804dollar.com/MYSTERY.HTM

Answer 4

The U.S. did not strike any silver dollars for circulation between 1804 and 1835 inclusive. If you have a U.S. dollar dated 1816, it's a counterfeit.

There have been millions of dollar-sized pieces produced in the Far East during the last few decades, some clearly fantasy pieces and others counterfeits that range from laughably bad to almost undetectable.

Is this a US coin? The US Treasury minted the Draped Bust, Heraldic Eagle Dollar from 1798 through 1804; the Gobrecht Dollar from 1836 through 1839; and, the Seated Liberty Dollar from 1840 through 1873. I am not aware of a Silver Dollar minted in 1816 by the US Treasury.

Answer 5

Genuine US silver dollars of this date (1803) run from $1,000.00 to more than $10,000.00 depending on condition.