The 1801 Draped Bust silver dollars have value as numismatic coins. Keep reading to learn more about these coins.
Specifications
Type: Draped Bust Dollar
Year: 1801
Face Value: $1.00
Composition: 89.24% silver, 10.76% copper
Silver Weight: .7731 oz.
Total Weight: 26.96 grams
Current Silver Bullion Value: $21.60
The US minted the 1801 silver dollar with no mint mark. Each coin was minted in Philadelphia.
| Series | Location | Quantity Minted |
|---|---|---|
| 1801 | Philadelphia | 54,454 |
Value
This coin in circulated condition is worth a lot more than its weight in silver. But just for reference, the silver melt value for this coin is $21.60. This melt value is calculated from the current silver spot price of $27.94 per ounce.
The 1801 silver dollar is worth around $1,100 in good condition. In very fine condition the value is around $2,750. In extremely fine condition the value is around $4,600. Uncirculated coins with a grade of MS 60 can sell for around $31,500.
There was a proof restrike and two proof coins are known to exist. The value for each coin is around $2,500,000 in PR 64 condition.
Grading System
Good- The bust is outlined but there is no detail. The date is legible and some leaves can be seen.
Very fine- The left side of Liberty's drapery is smooth.
Extremely fine- Liberty's drapery and hair are completely visible.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
Sources:
The Red Book