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Sahara Coins Answers: What are buffalo nickels and silver dollars worth?

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Updated: 3/08/2013 11:31 am
Hello,

I have several silver dollars and buffalo nickels from the early 1920's, and even a few from the late 1880's, and they are in pretty decent condition. They were passed down to my mother on to me and I might be interested in selling them.

I am new to Nevada and have no idea where to start and I don't want to be taken advantage of. Also I would like to know how much they are worth.


Dear Sir/Madam,

Silver Dollars and Buffalo Nickels can have very good value. That value depends on several factors.

One is condition. It is most important not to mishandle or to ever attempt to clean a coin. The year and Mintmark both are important factors as well. The older a coin is does not necessarily mean that that particular coin is worth more than one from a later date.

Rarity is a very important aspect of determining value. Relative rarity is even more important. Relative rarity can be described like this. If 1000 coins were minted and there are fewer than 1000 collectors then there are enough coins for the collector base hence the value will be relatively low. However you can have a coin that had a mintage of 400,000 but 1 million collectors. That coin is much rarer than the coin with a mintage of only 1000.

Hope this helps you to better understand how rarity works when it comes to ANY collectible.

--Sahara Coins

Click Here to ask Sahara Coins a question!

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