- Year: 1796
- Mint Mark: No mint mark
- Type: Draped Bust Dollar
- Price: $794.00-$59548.00+
- Face Value: 1.00 USD
- Produced: 79,000
- Edge: Reeded
- Silver Content: 90%
- Silver Weight: .7735 oz.
- Melt Value: $18.29
Notes: 3 variations of this coin have been minted. A small date with small letters, a small date with larger letters, and a large date with small letters. All variations sell for comparable values.
How much is a 1796 Draped Bust Dollar worth?
This section is more of a layman's guide, for those new to collecting.
In Average Circulated (AC) condition it's worth around $794.00, one in certified mint state (MS+) condition could bring as much as $53 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1796, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].
If you are a fan of coin roll hunting or just want to learn more about Draped Bust Dollars then search or scroll below to find the most valuable and rarest in this series.
The most valuable Draped Bust Dollar's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.
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Are 1796 Draped Bust Dollars Silver?
Yes! Draped Bust Dollar's produced in 1796 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Silver weight is measured in troy ounces. Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. The tool is called Is My Coin Silver?.
Numismatic vs Intrinsic Value:
This coin in poor condition is still worth $775.71 more than the intrinsic value from silver content of $18.29, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1799 Draped Bust Dollar is $18.29 and this price is based off the current silver spot price of $23.65 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.
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