Table of Contents
Old silver dollars can be very valuable and sought after by coin collectors. But now all silver dollars are equally valued, so how do you know which ones are worth collecting?
If you own or are thinking of buying a 1927 silver dollar, this article will help you determine the 1927 silver dollar value. You can find information on how they are valued in both circulated and uncirculated conditions as well as errors to look out for that can increase the value of your coin.
1927 Silver Dollar Value Chart
|Mint Mark||Good G4||Very Fine VF20||About Uncirculated AU50||Uncirculated MS60||Uncirculated MS65|
|1927 No Mint Mark Silver Dollar Value||$45||$58||$89||$142||$1,790|
|1927 D Silver Dollar Value||$43||$54||$123||$278||$3,937|
|1927 S Silver Dollar Value||$43||$54||$123||$300||$6,857|
The silver dollars from 1927 belong to a series of dollars known as peace silver dollars, which were first minted in 1921. They were produced until 1928 and then again in 1934 and 1935.
In 1921, the US Mint wanted to replace the old Morgan silver dollar. The Morgan design had been used since 1878 and the US Mint wanted a fresh look for the silver dollar. It was part of the drive to modernize American coinage with new designs that would reflect the new century.
The US Mint also needed to reproduce dollar coins that had been melted and sold to Great Britain during the First World War to help the US ally in their war effort. During this process, over 270 million silver dollars were melted. As well as to reflect the new century, it was decided that the design should also celebrate the end of the First World War.
Why Was the Peace Silver Dollar Series so Short?
Usually, when the US Mint releases a new coin, the same design is used for at least 25 years, but this was not the case with the Peace silver dollars. The US Mint stopped coining the silver dollars in 1928 because the country was in the middle of a depression and there was no demand for silver dollars.
After the production stopped in 1928, there were no silver dollars produced until 1934 when they were briefly reintroduced. However, the production stopped again only a year later. By then it had become obvious to the US Mint that the American people preferred coins in smaller denominations.
As a result, the last Peace silver dollars were minted in 1935, with the US Mint shifting its focus to producing other coins. These other coins, which included the Mercury dime and the Washington quarter, were seen as more popular and practical in day-to-day transactions.
1927 No Mint Mark Silver Dollar Value
In 1927, the silver dollars were minted at three US Mint facilities in Philadelphia, Denver, and San Francisco. The number of silver dollars minted in 1927 was the lowest apart from 1928. The Philadelphia Mint produced 848,000 silver dollars in 1927, which can be identified from the absence of the mint mark.
Because there were so few silver dollars minted in 1927, the coins are worth a decent amount even at lower grades. For example, a coin that has been in circulation and is graded at G4 is worth $45. In many other coin series, G4-graded coins are only worth their face value or just slightly over.
The Philadelphia-minted 1927 silver dollars command the lowest values among the three mint varieties at uncirculated grades. While an MS60 graded 1927 no mint mark silver dollar is worth $142, a D silver dollar is worth $278, and S is $300.
The auction record for a 1927 no mint mark silver dollar is from 2018. The coin, which was graded as MS66, was entered into a Stack’s Bowers auction with the guide price of $23,500. It ended up selling for considerably more when a collector paid $36,000 to win the auction.
The Obverse Design of the 1927 Silver Dollar
The obverse side of the 1927 silver dollar has an image of Lady Liberty. She is facing left and the tiara on her head is made of rays. Above her head is the word LIBERTY, which curves along the top rim.
The motto IN GOD WE TRUST is also on the obverse, and it is split into both sides of Lady Liberty’s neck. To the left are the words IN GOD WE and to the right is the word TRUST. The date 1927 is under the portrait.
The Reverse Design of the 1927 Silver Dollar
The 1927 silver dollar features a bald eagle on the reverse. The eagle is standing on a rock and holds an olive branch in its talons. Behind the eagle, as part of the background, are sunrays rising from beyond the horizon. The rays symbolize a new era and the olive branch symbolizes peace.
The words UNITED STATES OF AMERICA are along the top rim. Underneath the country’s name is the Latin motto E PLURIBUS UNUM, which means out of many, one. The denomination ONE DOLLAR is split to both sides of the eagle.
Additional Design Details
The silver dollars in the peace silver dollar series were designed by Anthony de Francisci. In total, the three mint facilities produced 2,982,900 silver dollars in 1927. The silver dollars are round coins with reeded edges. They were composed of a mix of 90% silver and 10% copper. Their diameter is 38.1 millimeters and their weight is 26.72 grams.
1927 D Silver Dollar Value
With 1,268,900 silver dollars produced, the Denver Mint released more silver dollars into circulation in 1927 than either of the other two mints. While the D-minted silver dollars are valued slightly lower at circulated grades such as G4 and VF20, their valuations exceed those of the Philadelphia-minted silver dollars at AU50 and uncirculated grades.
The values for 1927 D silver dollars graded as MS65 start from $3,937 and coins graded at MS66 can be worth thousands. The auction record for the 1927 D silver dollar is from 2019 when an MS66+ graded specimen was entered into Legend Rare Coin Auctions. It sold to a collector for $176,250.
1927 S Silver Dollar Value
In 1927, the San Francisco mint produced 866,000 silver dollars, which was close to the amount produced in Philadelphia. Their availability at circulated grades is similar to those from Philadelphia and Denver, which is why there is little or no difference in the values, especially between the S and D-minted silver dollars.
However, at MS65, the silver dollars from San Francisco are harder to find and this shows in the price. While the 1927 no mint mark silver dollar is worth $1,790 and the 1927 D silver dollar is valued at $3,937, a San Francisco silver dollar is worth $6,857.
Despite the higher valuation at MS65, the auction record for an S-minted 1927 silver dollar is lower than for a D-minted coin. Graded as MS66, a 1927 S silver dollar sold for $78,000 in 2022.
Also read: 12 Most Valuable One-Dollar Coin Worth Money
1927 Silver Dollar Grading
When coins are sent for valuation by a professional coin grader, they will use a scale numbered from one to seventy to assign the coin a value. This scale is known as the Sheldon scale and is used to create more cohesion among different coin graders.
The grading starts with PO1 for the poorest coins. It then goes through several grades of good before moving to the fine grades. The final category before uncirculated coins is the about uncirculated. These coins are seen to be in almost as good a condition as uncirculated coins.
The numbers 60 to 70 are used for uncirculated coins and graders use the letters MS in front of the numeric grade. The grade MS70 is only used for coins that have been preserved in perfect condition.
Also read: 14 Most Valuable Coins In Circulation
Rare 1927 Silver Dollar Error Lists
The 1927 silver dollars are quite an unusual mintage because there are only a few known errors among them. However, it wasn’t an entirely mistake-free year and you will find the errors that have been found on these coins below.
1927 Silver Dollar Doubled Motto Error
This doubled die error can be found on the obverse side of some of the silver dollars minted in Denver in 1927. On these error coins, there is a doubling of the motto: IN GOD WE TRUST. Because the error is on the obverse, sometimes it is referred to as a DDO error for doubled die obverse.
To check for the doubling, you might need a magnifying glass. Focus on the letters in the motto. If you have a doubled motto error coin, the letters will appear slightly thicker and more offset than on normal coins.
How much a 1927 silver dollar with the doubled motto error is worth depends on its overall condition and rarity. However, they will often sell for over a thousand dollars when found in uncirculated condition.
1927 Silver Dollar Micro D Error
The “micro D” error has been found on some Denver-minted 1927 silver dollars. On these coins, the Denver mint mark is much smaller than usual, almost microscopic, on the reverse side of the coin.
The error was most likely caused by the D mint mark punch not having been properly aligned. Another possibility is that it was not punched deep enough. As a result, the mint mark is a fraction of its normal size. The best way to check if you have a 1927 silver dollar with a “micro D” error is to compare your coin with another D-minted silver dollar from the same year.
While there may not be many error coins among the 1927 silver dollars, there are still some very valuable specimens among the regular coins as we have seen from the auction records.
1927 Silver Dollar Frequently Asked Questions
Where to Find the Mint Mark?
When you want to check the mint variety of a 1927 silver dollar, you need to look on the reverse side. On coins made in Denver, you will find a capital D, and on San Francisco a capital S near the eagle’s tail feathers. The mint mark is below the letter N in the word ONE.
How much silver is in a 1927 silver dollar?
The 1927 silver dollars were made with a metal composite that contained 90% silver. The rest of the composite was copper.
How many 1927 Peace Dollars were minted?
In 1927, there were 2,982,900 minted. This was the lowest amount apart from 1928, which was the year the US Mint stopped producing Peace dollars until 1934.
How much is a 1927 Liberty half dollar worth?
The value of a 1927 Liberty half dollar can range from $43 to over $100,000, depending on its grade and mint variety. A circulated 1927 silver dollar graded as good, is worth from $43 upwards. Coins in very fine condition are worth upwards of $54.
While silver dollars from 1927 graded as MS60 are worth between $142 and $300 depending on where they were minted, coins graded as MS60 start from $1,790 for the Philadelphia variety, the cheapest of the three.
If you have a 1927 silver dollar and would like to know its value, the best thing to do is to send it to a professional coin grader.
How Was the 1927 Silver Dollar Designed?
When the US Mint decided to update the look of the silver dollar, they held a competition that was open to both American and foreign artists. The design by Anthony de Francisci, who was an Italian-American sculptor, was chosen from over 500 submissions.
To choose the winner, the US Mint had created a panel with five judges who either held senior positions at the US Mint or were well-known sculptors. They praised De Francisci’s design for its uniqueness and innovation. It was also seen as the perfect tribute to peace after World War One.