When it comes to estimating the value of an 1804 Liberty Silver Dollar, and indeed any coin for that matter, there are a few values that one has to consider. Real 1804 Silver Liberty Dollars are in fact worth millions to the lucky holder.
They were minted illegally in 1934 whereas true Liberty Dollars were minted with the year 1903 on them as none were minted in 1804. Two sets of 1804 Liberty Dollars were minted in 1834 as gifts for two foreign kings. The man who was working the machine that minted these coins secretly made another 30 or 40 coins. Around 15 of these coins are currently accounted for. However, you would probably agree that the likelihood that you possess one is probably quite small. A fake Liberty Dollar is only worth around $20 as they are so common.
There is no sure fire way to definitely know which coin you have or how much that it is worth. The only way for you to do so would be to take it to a jeweller to get a valuation. Not only will they tell you whether or not it is real, they will also tell you how much they will buy it from you for, it selling it is what you wish to do.
If you are not happy with the valuation that the first jeweller offers you, then politely decline for now and continue to visit several other stores to see if you can get a better deal. Unfortunately, as mentioned before, fake 1804 Liberty Silver Dollars are only worth around $20, however this value could be higher if it is kept in good condition. But you will probably not get much for that $20 because they only thing that jewellers can do with the coin is to class it as scrap and melt it down for other purposes.
They were minted illegally in 1934 whereas true Liberty Dollars were minted with the year 1903 on them as none were minted in 1804. Two sets of 1804 Liberty Dollars were minted in 1834 as gifts for two foreign kings. The man who was working the machine that minted these coins secretly made another 30 or 40 coins. Around 15 of these coins are currently accounted for. However, you would probably agree that the likelihood that you possess one is probably quite small. A fake Liberty Dollar is only worth around $20 as they are so common.
There is no sure fire way to definitely know which coin you have or how much that it is worth. The only way for you to do so would be to take it to a jeweller to get a valuation. Not only will they tell you whether or not it is real, they will also tell you how much they will buy it from you for, it selling it is what you wish to do.
If you are not happy with the valuation that the first jeweller offers you, then politely decline for now and continue to visit several other stores to see if you can get a better deal. Unfortunately, as mentioned before, fake 1804 Liberty Silver Dollars are only worth around $20, however this value could be higher if it is kept in good condition. But you will probably not get much for that $20 because they only thing that jewellers can do with the coin is to class it as scrap and melt it down for other purposes.
