The value of a 1906 US one-dollar coin (Morgan Silver Dollar) can vary significantly depending on several key factors:
- Condition (Grade): Coins in uncirculated or higher grades command significantly higher prices than those that have been circulated and show wear. Professional grading services like PCGS or NGC can assess the coin’s condition and assign a grade, impacting its value.
- Mint Mark: The mint mark indicates where the coin was minted: Philadelphia (no mint mark), San Francisco (“S”), or Denver (“D”). Some mint marks, especially those from Carson City (“CC”), are rarer and can significantly increase a coin’s value, though Carson City minting ceased in 1893. The Denver Mint began operations in 1906, so 1906-D Morgan dollars represent the only year this mint struck the coin before a 1921 revival.
- Rarity: Low mintage numbers for specific years or mint marks increase the rarity and value of a coin.
- Silver Content: A 1906 Morgan Silver Dollar contains 90% silver and 10% copper, with a silver content of 0.77344 troy ounces. This provides a base value tied to the current price of silver (often referred to as melt value), which can fluctuate. However, the coin’s numismatic value, driven by collector interest, often exceeds the melt value, especially for rarer or higher-grade examples.
Based on general market conditions, circulated 1906 Morgan Dollars can be worth between $100 and $300, while uncirculated examples can be worth over $1,000. For instance, a 1906-D Barber Silver Dollar-VF Details is currently listed on Etsy for $160. However, it’s crucial to be aware that the value can fluctuate, and professional appraisal is recommended for precise valuation.
- A [“Rare 1906 Ellis Island One Dollar Silver Color USA United States Cool Coin”] is available on Etsy for $27.00 (originally $36.00).
- Another listing on Etsy describes a RARE Coin USA One Dollar 1906 Liberty Gifted Coin Collection Collectible World Coins Coins For Gift Collectibles Coins Coin For Collector for $34.63.
Caution: The market for collectible coins, especially rarer ones, can attract counterfeits and replicas. It’s advisable to verify authenticity through professional grading services before making significant purchases. Some resources like YouTube videos discuss how to identify fake Morgan Dollars by checking details like date strike, mint mark alignment, and weight.
How much is a 1906 dollar coin worth?
Approximately $450 in circulated condition.
How much is a dollar in 1906 worth today?
$1 in 1906 is equivalent in purchasing power to about $35.72 today, an increase of $34.72 over 119 years. The dollar had an average inflation rate of 3.05% per year between 1906 and today, producing a cumulative price increase of 3,471.83%.
How do I tell if my 1 dollar coin is worth anything?
The best way to find the value of your dollar coins is with an appraisal online or in-person. Whether in-person or online, an appraisal can have an expert look at your dollar coins and tell you exactly how much they are worth and where their value is. The choice of appraisal is totally up to you and your convenience.