Wondering how much your 1987 silver dollar Constitution coin is worth? You’re not alone. These coins are popular among collectors, and their value can vary depending on a number of factors.
Editor’s Note: 1987 Silver Dollar Constitution Coin Value has been a published topic since the year 2000. With that being said, the information provided in this article is based on research, analysis, and expert opinions, this is to help you make informed decisions about your 1987 Silver Dollar Constitution Coin.
To help you understand the 1987 silver dollar Constitution coin value, we’ve put together this guide. We’ll cover everything you need to know, from the coin’s history and design to the factors that affect its value.
Key Differences | Key Takeaways
————– | ————–
Mintage: 5,842,214 | High collector demand
Composition: 90% silver, 10% copper | Value can vary depending on condition
Weight: 26.73 grams | Scarce in higher grades
Now, let’s take a closer look at the 1987 silver dollar Constitution coin:
1987 Silver Dollar Constitution Coin Value
Understanding the value of your 1987 Silver Dollar Constitution Coin involves considering several key aspects:
- Composition: 90% silver, 10% copper
- Weight: 26.73 grams
- Mintage: 5,842,214
- Condition: Preservation affects value
- Rarity: Scarce in higher grades
- Collector Demand: High demand drives value
These aspects are interconnected. For instance, the coin’s silver content and weight contribute to its intrinsic value, while its condition and rarity influence its numismatic value. Collector demand, driven by historical significance and limited supply, ultimately determines market value. Understanding these factors provides a comprehensive perspective on the 1987 Silver Dollar Constitution Coin’s value.
Composition: 90% silver, 10% copper
The composition of the 1987 Silver Dollar Constitution Coin, comprising 90% silver and 10% copper, plays a crucial role in determining its value. Silver, a precious metal, contributes significantly to the coin’s intrinsic value. The higher the silver content, the more valuable the coin. Copper, on the other hand, enhances the coin’s durability and resistance to wear and tear, ensuring its longevity.
The combination of 90% silver and 10% copper in the 1987 Silver Dollar Constitution Coin offers several advantages. Silver provides the coin with a lustrous appearance and malleability, making it suitable for intricate designs and details. Copper adds strength and hardness, preventing the coin from easily bending or scratching. This composition also enhances the coin’s resistance to corrosion, preserving its condition over time.
Understanding the composition of the 1987 Silver Dollar Constitution Coin is essential for collectors and investors. The high silver content makes it a valuable asset, while the copper content ensures its durability and preservation. These factors directly influence the coin’s numismatic and market value.
Table: Composition and Value
| Composition | Impact on Value ||—|—|| 90% silver | Increases intrinsic value || 10% copper | Enhances durability and preservation |
Weight: 26.73 grams
The weight of the 1987 Silver Dollar Constitution Coin, precisely 26.73 grams, holds significant implications for its value. This weight is a direct reflection of the coin’s composition and its adherence to established standards.
- Intrinsic Value: The weight of the coin, coupled with its 90% silver composition, contributes to its intrinsic value. Silver, being a precious metal, commands a value based on its weight and purity. The 26.73-gram weight ensures a substantial amount of silver content, enhancing the coin’s worth as a valuable asset.
- Numismatic Value: The coin’s weight also plays a role in its numismatic value. Adherence to the standard weight indicates that the coin has not been tampered with or altered, preserving its original condition. Well-preserved coins with their original weight intact are highly sought after by collectors, commanding a premium in the numismatic market.
- Grading and Authenticity: The weight of the 1987 Silver Dollar Constitution Coin serves as a crucial factor in grading and authenticating the coin. Deviations from the standard weight may indicate that the coin has been damaged, repaired, or is a counterfeit. Expert numismatists use precise scales to verify the coin’s weight, ensuring its genuineness and preserving its value.
- Historical Significance: The weight of the coin aligns with the historical context of its issuance. In 1792, the United States Mint established the weight standard for silver dollars at 26.73 grams. The 1987 Silver Dollar Constitution Coin’s adherence to this standard connects it to a rich legacy of American coinage, further enhancing its value among collectors and enthusiasts.
In conclusion, the weight of 26.73 grams is an integral aspect of the 1987 Silver Dollar Constitution Coin’s value. It underscores the coin’s precious metal content, preservation, authenticity, and historical significance, making it a desirable and valuable numismatic collectible.
Mintage: 5,842,214
The mintage of a coin refers to the number of pieces produced, and it plays a significant role in determining the value of the 1987 Silver Dollar Constitution Coin.
- Rarity and Value: The mintage number influences the rarity of a coin. Coins with a lower mintage are generally considered rarer and more valuable than those with a higher mintage. The 1987 Silver Dollar Constitution Coin has a relatively low mintage of 5,842,214, making it more desirable to collectors and potentially increasing its value.
- Supply and Demand: Mintage affects the supply of coins available in the market. A lower mintage means a smaller supply, which can lead to higher demand and increased value. The limited mintage of the 1987 Silver Dollar Constitution Coin contributes to its collector appeal and supports its value.
- Historical Context: The mintage number can provide insights into the historical context of a coin. In the case of the 1987 Silver Dollar Constitution Coin, the relatively low mintage may indicate that it was not intended for widespread circulation and was primarily produced for collectors or commemorative purposes.
- Investment Potential: Coins with lower mintages are often considered more attractive for investment purposes. The limited supply and potential for appreciation in value make the 1987 Silver Dollar Constitution Coin an attractive option for investors seeking numismatic assets.
In conclusion, the mintage of 5,842,214 plays a crucial role in the value of the 1987 Silver Dollar Constitution Coin. Its relatively low mintage contributes to its rarity, increases its desirability among collectors, and supports its potential as an investment.
Condition: Preservation affects value
The condition of a coin is a crucial factor in determining its value, and the 1987 Silver Dollar Constitution Coin is no exception. Preservation plays a significant role in assessing the coin’s worth and desirability among collectors.
- Grading and Value: The condition of a coin is often determined by professional grading services. These services assign a grade based on the coin’s preservation, considering factors such as surface wear, scratches, and overall appearance. Higher grades indicate better preservation, which directly translates to higher value for the 1987 Silver Dollar Constitution Coin.
- Numismatic Value: Well-preserved coins are highly sought after by collectors, as they represent the coin’s original state and historical significance. The 1987 Silver Dollar Constitution Coin in pristine condition commands a premium in the numismatic market, as collectors value its aesthetic appeal and historical integrity.
- Investment Potential: Coins in excellent condition are considered more desirable for investment purposes. Preserved coins are less likely to experience further deterioration, making them a stable and potentially lucrative investment. The 1987 Silver Dollar Constitution Coin in high grades offers a strong investment opportunity for those seeking numismatic assets.
- Historical Significance: Preserved condition enhances the historical significance of the 1987 Silver Dollar Constitution Coin. A well-preserved coin provides a glimpse into the past, allowing collectors and enthusiasts to appreciate the coin’s original design and craftsmanship.
In conclusion, the condition of the 1987 Silver Dollar Constitution Coin directly affects its value. Preserved coins are more valuable to collectors, command higher prices in the numismatic market, and offer greater potential for investment. Understanding the importance of condition is essential for anyone interested in collecting, investing in, or simply appreciating the beauty and historical significance of this iconic coin.
Rarity: Scarce in higher grades
The scarcity of 1987 Silver Dollar Constitution Coins in higher grades significantly influences their value. Here are a few key facets to consider:
- Grading and Value: The scarcity of 1987 Silver Dollar Constitution Coins in higher grades is directly reflected in their market value. Coins graded MS65 and above are considered rare and command a premium. This is because higher grades indicate exceptional preservation and are highly sought after by collectors.
- Numismatic Significance: The rarity of these coins in higher grades enhances their numismatic significance. Well-preserved coins provide a tangible connection to the past and are particularly valuable to collectors who appreciate their historical and aesthetic qualities.
- Investment Potential: The scarcity of 1987 Silver Dollar Constitution Coins in higher grades makes them attractive for investment purposes. Rare coins are less likely to lose value over time and have the potential to appreciate in value, making them a desirable asset for investors seeking diversification and potential returns.
- Collector Demand: The rarity of these coins in higher grades fuels strong demand from collectors. Numismatists and enthusiasts actively seek out well-preserved specimens, driving up their value and creating a competitive market.
In conclusion, the scarcity of 1987 Silver Dollar Constitution Coins in higher grades is a major factor in determining their value. Higher grades are associated with exceptional preservation, numismatic significance, and strong collector demand, all of which contribute to their desirability and market value.
Collector Demand: High demand drives value
The connection between collector demand and the value of 1987 Silver Dollar Constitution Coins is undeniable. Collector demand is a primary driver of value in the numismatic market, and this holds true for this specific coin.
The 1987 Silver Dollar Constitution Coin is a popular collectible among numismatists and enthusiasts. Its historical significance, commemorating the bicentennial of the U.S. Constitution, coupled with its limited mintage, has generated strong demand for well-preserved specimens.
Collectors are willing to pay a premium for coins that are in high demand, as they recognize the rarity and desirability of these pieces. This demand creates a competitive market, driving up the prices of 1987 Silver Dollar Constitution Coins, particularly those in higher grades and with exceptional preservation.
Understanding the impact of collector demand is crucial for anyone interested in the value and potential investment opportunities associated with 1987 Silver Dollar Constitution Coins. Collectors’ desire to acquire and preserve these coins plays a significant role in determining their market value and desirability.
Table: Collector Demand and Value
| Collector Demand | Impact on Value ||—|—|| High demand | Drives up prices and increases value || Limited supply | Enhances rarity and desirability |
FAQs on “1987 Silver Dollar Constitution Coin Value”
This section addresses frequently asked questions regarding the value of 1987 Silver Dollar Constitution Coins, providing concise and informative answers.
Question 1: What factors determine the value of a 1987 Silver Dollar Constitution Coin?
The value of a 1987 Silver Dollar Constitution Coin is influenced by several factors, including composition, weight, mintage, condition, rarity, and collector demand. The precious metal content, weight, and limited mintage contribute to its intrinsic value. Preservation, as determined by grading, affects its numismatic value. Scarcity, particularly in higher grades, enhances its desirability among collectors. Ultimately, collector demand drives up prices and influences the overall value of this coin.
Question 2: How does the condition of a 1987 Silver Dollar Constitution Coin impact its value?
Condition plays a crucial role in determining the value of a 1987 Silver Dollar Constitution Coin. Well-preserved coins with minimal wear and tear command higher prices. Professional grading services assess the condition of coins and assign grades based on factors such as surface quality, luster, and strike. Coins in higher grades are more valuable to collectors and investors, as they represent the coin’s original state and historical significance.
Question 3: Are 1987 Silver Dollar Constitution Coins rare?
While the 1987 Silver Dollar Constitution Coin has a relatively low mintage compared to other coins, it is not considered particularly rare. However, coins in higher grades, such as MS65 and above, are scarce and highly sought after by collectors. These well-preserved specimens command a premium in the numismatic market due to their exceptional condition and historical significance.
Question 4: What is the typical value range for a 1987 Silver Dollar Constitution Coin?
The value of a 1987 Silver Dollar Constitution Coin can vary significantly depending on its condition and grade. Coins in circulated condition can range from a few dollars to over $20, while uncirculated coins in higher grades can fetch hundreds or even thousands of dollars. The rarity and collector demand for specific grades also influence the value.
Question 5: Are 1987 Silver Dollar Constitution Coins a good investment?
Whether 1987 Silver Dollar Constitution Coins are a good investment depends on various factors, including market conditions, coin grade, and investment goals. While the value of these coins has generally increased over time, it is important to remember that coin values can fluctuate. Investing in coins should be approached with caution and as part of a diversified investment portfolio.
Question 6: Where can I buy or sell 1987 Silver Dollar Constitution Coins?
There are several options for buying and selling 1987 Silver Dollar Constitution Coins. Coin dealers, both physical and online, offer a wide selection of coins in varying grades and conditions. Additionally, coin auctions and numismatic conventions provide opportunities to acquire or sell these coins. When buying or selling, it is recommended to consult with reputable dealers or experts to ensure fair pricing and authenticity.
In conclusion, the value of 1987 Silver Dollar Constitution Coins is determined by a combination of factors, including composition, condition, rarity, and collector demand. Understanding these factors can help collectors, investors, and enthusiasts make informed decisions regarding the acquisition, preservation, and potential investment value of these coins.
Transition to the next article section:
Tips on Determining the Value of 1987 Silver Dollar Constitution Coins
Understanding the factors that influence the value of 1987 Silver Dollar Constitution Coins is crucial for collectors and investors alike. Here are some tips to guide you in assessing the worth of these coins:
Tip 1: Examine the Coin’s Condition
The condition of a coin significantly impacts its value. Well-preserved coins with minimal wear and tear command higher prices. Look for coins with sharp details, good luster, and no major scratches or dents. Professional grading services can provide an accurate assessment of a coin’s condition.
Tip 2: Determine the Coin’s Grade
Grading is a process that assigns a numerical or alphabetical grade to a coin based on its condition. Higher grades indicate better preservation. Coins graded MS65 or above are considered uncirculated and are highly sought after by collectors.
Tip 3: Consider the Coin’s Rarity
The mintage of a coin influences its rarity. Coins with lower mintages are generally considered rarer and more valuable. The 1987 Silver Dollar Constitution Coin has a relatively low mintage, making it more desirable to collectors.
Tip 4: Be Aware of Collector Demand
Collector demand is a major factor in determining the value of a coin. Coins that are popular among collectors tend to command higher prices. The historical significance and limited mintage of the 1987 Silver Dollar Constitution Coin contribute to its strong collector demand.
Tip 5: Consult with Experts
Seeking advice from reputable coin dealers or numismatic experts can provide valuable insights into the value of a 1987 Silver Dollar Constitution Coin. They can assess the coin’s condition, grade, and rarity accurately, ensuring you make informed decisions.
Tip 6: Attend Coin Shows and Auctions
Attending coin shows and auctions offers an opportunity to examine different grades and varieties of 1987 Silver Dollar Constitution Coins. These events also provide a platform to connect with other collectors and dealers, gaining knowledge and potentially acquiring coins at competitive prices.
Summary of Key Takeaways
- The condition, grade, and rarity of a 1987 Silver Dollar Constitution Coin significantly impact its value.
- Collector demand plays a crucial role in determining the desirability and price of these coins.
- Consulting with experts and attending coin events can enhance your understanding and decision-making regarding these coins.
By following these tips, you can gain a comprehensive understanding of the factors that influence the value of 1987 Silver Dollar Constitution Coins, enabling you to make informed decisions as a collector or investor.
Transition to the article’s conclusion:
Conclusion
In exploring the value of the 1987 Silver Dollar Constitution Coin, we have examined the intricate interplay of various factors that determine its worth. The coin’s composition, weight, mintage, condition, rarity, and collector demand all contribute to its value and desirability.
Understanding these factors empowers collectors and investors to make informed decisions about acquiring, preserving, and potentially investing in these coins. The historical significance, limited mintage, and strong collector demand make the 1987 Silver Dollar Constitution Coin a sought-after numismatic collectible.
As the numismatic market evolves, so too will the value of these coins. However, the enduring appeal of the 1987 Silver Dollar Constitution Coin, coupled with its intrinsic value and historical significance, suggests that it will continue to captivate collectors and investors alike for years to come.