The silver dollar that could be worth up to $200,000 on the auction market

Year after year more and More people find the joy of collecting coins and bills; largely because some lucky people have managed to make considerable fortunes with their pieces. That’s why it never hurts to review the ones we already have at home, as they could be worth much more than we imagine, such as a special $1 dollar silver coin that managed to sell for hundreds of thousands of dollars.

We are talking about silver dollar known as the ‘1800 Draped Bust Dollar’, a very unique piece that collectors keep an eye on. Keep reading to find out why this 1800 silver coin is so special, what is its value on the auction market and other interesting details.

Brief History of the 1800 ‘Draped Bust’ Silver Dollar

The silver dollar known as the ‘Draped Bust’ was designed by Robert Scot and 1800 was the last year of high production of these coins before their minting was suspended in 1804 for more than 30 years. This gap was filled with the resumption of production of the half dollar in 1801, which grew annually thereafter. The 1800 date is quite common in circulating grades but ‘Mint State’ pieces, or coins that have never been in circulation, are quite rare..

How much an 1800 ‘Draped Bust’ silver dollar might be worth

According to price guide from NGC, the world’s largest and most respected third-party coin grading service, in May 2024 The 1800 ‘Draped Bust’ silver dollar, composed of 89% silver and 11% copper, can sell for between $1,085 and $16,000 in circulated condition.

However, in the open market, 1800’s ‘Draped Bust’ silver dollars in mint, uncirculated condition sells for up to $310,000. In fact, in October 2020, one of these examples was auctioned for $246,750 through Legend Rare Coin Auctions. And in January of this year, the 1800 ‘Draped Bust’ silver dollar returned to numismatic headlines when one of the coins sold for almost $30,000.

Beware of Counterfeits of the 1800 ‘Draped Bust’ Silver Dollar

According to the CoinHELPu Youtube channel, 1800’s ‘Draped Bust’ silver coins
They are one of the most falsified today So experts like him and Eric Miller of @thecoinchannel on TikTok recommend being careful before purchasing uncertified or online coins.

If you like making sure your 1800 ‘Draped Bust’ silver coin is not fake, you can perform the ‘Ping Test’ that will help you determine if the piece is real or not with a small but distinctive sound. Paul Davies Antiques does a step-by-step demonstration that you can try at home.

Keep reading:
– This is the 1943 1 cent coin that could be worth up to $1,700,000 dollars
– This is the 1 cent coin that could be worth up to $300,000 dollars
– 10 commemorative coins that could be worth more than $100 dollars on the market