The Silver Dollar Coin Value Question

What is the silver dollar coin value?

This is a question that has many answers as it depends on a lot of things. Some of these things are the price of silver, what kind of coin it is, supply and demand, and many other factors.

The Price of Silver

Silver is generally priced by current market value, other wise known as melt value. This is the value of any silver that is melted down and sold by weight in the open market at whatever the prevailing price happens to be. As of the time of this writing, the current price of silver is approaching $18/oz.

Silver Bullion

Silver comes in many forms. They are most widely known in the form of coins, such as American Silver Eagles, which contain 1 oz of pure 99.99% silver. There are also ingots, bars, and rather large ones at that. Also, there is silver ore in its purest form which is mined and then melted down before being shaped into the well-known forms.

Supply and Demand

Silver has been mined for a long time and was once used as money. This caused demand to be higher. As silver was taken out of the money supply, the demand naturally decreased. At the same time, more industrial uses for the metal were discovered and are still being discovered today. It has found its way into medical uses as well as the auto industry. There is some debate about how much mineable silver reserves there is left in the world. Some believe there is little and some believe there is lots.

This is the most basic driver of the silver dollar coin value as its value will always increase when it is perceived to be less of it available. In such a case, people start to want more of it, hoard it, and save it for a rainy day since it can still be used as money by trading it in for dollars.