- Year: 1838
- Mint Mark: No mint mark
- Type: Gobrecht Dollar
- Price: $13587.00-$44362.00+
- Face Value: 1.00 USD
- Produced: 1,000
- Edge: Reeded
- Silver Content: 90%
- Silver Weight: .7735 oz.
- Melt Value: $17.78
Notes: A few thousand Gobrecht Dollars were known to be issued from 1836 to 1839, we could not find any official mint numbers however. These coins are so rare that it is truly the market that dictates their value. The 1 thousand coins listed as minted above is nothing more than a guess. Christian Gobrechts name is on the bottom center of the obverse.
How much is a 1838 Gobrecht 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 $13587.00, one in certified mint state (MS+) condition could bring as much as $44,362 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 1838, 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 Gobrecht Dollars then search or scroll below to find the most valuable and rarest in this series.
The most valuable Gobrecht Dollar's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.
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Are 1838 Gobrecht Dollars Silver?
Yes! Gobrecht Dollar's produced in 1838 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 $13569.22 more than the intrinsic value from silver content of $17.78, 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 1839 Gobrecht Dollar is $17.78 and this price is based off the current silver spot price of $22.98 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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