The monetary worth of a specific commemorative coin issued by the United States Mint in 1987, depicting the Statue of Liberty, is determined by several factors. These include the coin’s condition, its mint mark (if any), and current market demand. For instance, an uncirculated specimen will generally command a higher price than a circulated one.
Understanding the prices associated with these collectibles is beneficial for both numismatists and casual collectors. It allows for informed purchasing decisions, provides insight into the coin’s historical significance linked to the statue’s centennial, and demonstrates how commemorative issues contribute to the broader field of numismatics. This particular issue represents an important piece of American coinage history.
The subsequent sections will delve into the specific elements that affect pricing, detailing how grade, scarcity, and other market forces interact to establish the overall worth of such items. Further examination of mintage figures and market trends will provide a more complete picture.
1. Coin’s Condition
The state of preservation, referred to as “Coin’s Condition,” exerts a significant influence on the price assigned to a 1987 Liberty Silver Dollar. A coin exhibiting minimal wear, scratches, or imperfections will invariably possess a higher market price. This is attributable to the inherent appeal of pristine specimens to collectors and investors. The observable degradation on a coin’s surface directly affects its aesthetic value and perceived desirability, impacting its worth.
The grading system utilized by professional coin grading services such as PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) quantifies a coin’s condition on a scale, directly influencing its price. For example, an uncirculated 1987 Liberty Silver Dollar graded MS-70 (Mint State 70) signifies a flawless coin with no detectable imperfections, commanding a premium compared to one graded MS-63, which may exhibit minor contact marks. A circulated coin, graded AU (Almost Uncirculated) or lower, would see a substantial reduction in its value. The market accurately reflects these grading differentiations.
In summation, “Coin’s Condition” is a critical determinant in establishing the worth of a 1987 Liberty Silver Dollar. The level of wear and imperfections, as assessed through formal grading or visual inspection, directly translates to the perceived and realized monetary value. Understanding this relationship is essential for both buyers and sellers within the numismatic market, providing a framework for informed transactions and accurate valuation.
2. Mint Mark Presence
The presence or absence of a mint mark on the 1987 Liberty Silver Dollar is a critical factor influencing its overall monetary worth. Mint marks denote the specific United States Mint facility where the coin was produced, and variations in mintage numbers between different mints can significantly affect scarcity and, consequently, value.
-
Philadelphia Mint Absence
Coins struck at the Philadelphia Mint in 1987 are characterized by the absence of a mint mark. While Philadelphia typically produced a substantial quantity of these commemorative dollars, the lack of a distinguishing mark does not necessarily translate to lower value. However, Philadelphia-struck examples often command less of a premium than those from mints with lower production figures.
-
San Francisco “S” Mint Mark
The San Francisco Mint produced proof versions of the 1987 Liberty Silver Dollar, which are identifiable by the “S” mint mark. Proof coins undergo a special striking process, resulting in a higher level of detail and a mirror-like finish. Due to their intended collectibility and often limited mintage, San Francisco “S” mint mark proofs generally hold a higher market value than their Philadelphia counterparts.
-
Denver “D” Mint Mark (Unconfirmed)
It is important to note that the Denver Mint did not produce the 1987 Liberty Silver Dollar. The presence of a “D” mint mark on an authentic example would be impossible. Counterfeit coins may exist with this marking; caution is advised when assessing examples bearing a “D” mark.
-
Impact on Collectibility
The mint mark’s presence, particularly the “S” for San Francisco proof versions, directly impacts collectibility. Collectors often seek examples from each mint facility, making the “S” mint mark a key factor in completing a set. The scarcity of coins from certain mints, relative to others, drives pricing disparities within the market.
In summary, the “Mint Mark Presence” significantly affects the 1987 Liberty Silver Dollar’s pricing. Distinctions based on the mint location, particularly the availability of proof versions from San Francisco, establish the coin’s place within the numismatic market. Understanding these nuances is crucial for accurately assessing a coin’s potential worth and authenticity.
3. Silver Content
The intrinsic value of a 1987 Liberty Silver Dollar is fundamentally tied to its silver content. The coin is composed of 90% silver and 10% copper, resulting in a net silver weight of approximately 0.77344 troy ounces. Consequently, fluctuations in the spot price of silver directly influence the base worth of the coin. As the market price of silver rises, the melt value of the coin increases, establishing a floor price that collectors and investors consider when assessing its overall worth. For example, if silver trades at $25 per troy ounce, the inherent silver value within the dollar is roughly $19.34. This relationship establishes a baseline below which the coin’s price is unlikely to fall significantly, regardless of its condition or scarcity.
However, the numismatic valuethe value above and beyond the melt valueis influenced by factors such as condition, rarity, and collector demand, as previously discussed. While the silver content provides a floor, the coin’s graded condition (e.g., MS-70) and rarity (e.g., proof version with an “S” mint mark) contribute significantly to a premium above the silver spot price. A circulated example might trade only slightly above its melt value, while a high-grade proof could command a multiple of that value due to its collectibility. Collectors actively track both the silver price and numismatic indicators to determine a coin’s fair market value. This also affects the resale, as a coin dealer or buyer will factor both aspects into their purchase price.
In conclusion, the silver content serves as a fundamental component of a 1987 Liberty Silver Dollar’s value, providing a base price dictated by market forces. However, the interplay between silver content and numismatic factors determines the coin’s final trading price. Its important to note that the spot price of silver is only one consideration. The practical impact is that understanding this relationship allows potential buyers and sellers to make more informed decisions, recognizing the inherent value of the silver while also appreciating the premiums associated with collectibility and condition. Changes in the silver market can greatly impact purchase decisions.
4. Mintage Numbers
The quantity of 1987 Liberty Silver Dollars produced, commonly referred to as “Mintage Numbers,” directly correlates with the coin’s market availability and, subsequently, its potential monetary worth. Lower mintage figures often translate to increased scarcity and heightened demand among collectors, driving up prices. Conversely, coins with high mintage numbers are typically more common and, therefore, less valuable, assuming other factors such as condition are equal.
-
Proof Coin Mintage
Proof versions of the 1987 Liberty Silver Dollar, struck at the San Francisco Mint and bearing the “S” mint mark, generally have lower mintage numbers than their business-strike counterparts produced in Philadelphia (which lack a mint mark). This relative scarcity contributes to the higher prices typically commanded by proof examples. The limited quantity of proof coins produced, combined with the heightened striking quality, appeals to collectors seeking superior specimens. Collectors often use this as an investment plan.
-
Impact of Total Production
The total number of 1987 Liberty Silver Dollars struck, encompassing both proof and business-strike versions, plays a role in establishing overall market value. If the aggregate mintage is considered relatively low compared to other commemorative silver dollars, even business-strike examples may benefit from increased collectibility, albeit to a lesser extent than the proofs. The historical context of the coin, commemorating the Statue of Liberty’s centennial, further influences collector interest. Knowledge of previous sales are helpful when assessing value.
-
Survival Rates and Condition
While mintage numbers provide a starting point for assessing value, the number of coins surviving in various grades is equally important. A high mintage figure does not necessarily equate to low value if a significant portion of the coins have been damaged, melted, or otherwise removed from circulation. Coins that have been professionally graded and certified as being in excellent condition (e.g., MS-69 or MS-70) will always command a premium, regardless of the original mintage numbers.
In conclusion, understanding the mintage numbers of the 1987 Liberty Silver Dollar is essential for gauging its potential value within the numismatic market. The interplay between mintage figures, condition, survival rates, and collector demand ultimately dictates the coin’s trading price. Although higher production numbers tend to dilute value, scarcity within specific grades or mint marks can significantly elevate prices. The lower number of “S” mint proofs always positively impact the price.
5. Market Demand
Market demand exerts a significant influence on the price of the 1987 Liberty Silver Dollar. Higher demand among collectors and investors typically results in increased values, while diminished interest can lead to price stagnation or decline. Several factors contribute to this demand, including overall economic conditions, trends within the numismatic market, and specific events that may heighten the coin’s visibility or perceived desirability. For example, a renewed interest in American historical commemoratives could positively impact the coin’s value, particularly if coupled with a limited supply of high-grade specimens. Similarly, increased marketing or promotion of the coin could stimulate collector activity. This can then potentially impact the final sale price of coins.
The impact of market demand can be observed in auction results and dealer pricing. When a specific coin, such as a 1987-S proof in exceptional condition, attracts multiple bidders at auction, the final selling price often exceeds estimated valuations. This demonstrates the direct correlation between demand and price. Conversely, if a coin consistently fails to garner interest at auction or is offered at reduced prices by dealers, it suggests a weakening in demand, which subsequently lowers its value. In real-time, the values of specific coins fluctuate according to collector behaviors and overall market sentiment. Therefore, the study of market demand is relevant when assessing the coin.
Ultimately, market demand serves as a critical determinant in establishing the 1987 Liberty Silver Dollar’s value. Factors such as collector preferences, economic conditions, and promotional activities all contribute to this demand, influencing the coin’s trading price in both the primary and secondary markets. Understanding these dynamics is essential for both collectors and investors seeking to accurately assess the coin’s current and potential worth.
6. Grading Services
Professional coin grading services play a pivotal role in determining the worth of a 1987 Liberty Silver Dollar. These independent organizations assess the condition of a coin using standardized criteria, assigning a numerical grade that directly influences its market value. The objectivity and expertise of these services provide both buyers and sellers with confidence in the coin’s authenticity and state of preservation.
-
Impact on Perceived Value
A coin graded by a reputable service such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) gains immediate credibility in the numismatic market. The assigned grade, ranging from Poor (PO-1) to Perfect Mint State (MS-70) for uncirculated coins, provides a clear indication of the coin’s condition, influencing collectors’ willingness to pay a premium. For instance, a 1987 Liberty Silver Dollar graded MS-69 will typically command a significantly higher price than an ungraded example, even if it appears similar to the untrained eye.
-
Assurance of Authenticity
Grading services not only assess condition but also verify the authenticity of a coin. This is particularly crucial for valuable or rare coins, where the risk of counterfeiting is higher. The encapsulation process, where the graded coin is sealed in a tamper-evident holder, further safeguards its authenticity and preserves its condition. This assurance minimizes the risk for buyers and enhances the coin’s marketability, driving up the 1987 liberty silver dollar value.
-
Standardization and Market Transparency
Grading services provide a standardized framework for evaluating coins, promoting transparency within the numismatic market. The consistency and objectivity of their grading scales allow collectors and dealers to compare coins across different sellers and platforms, fostering fair pricing and efficient trading. This standardization reduces ambiguity and facilitates informed purchasing decisions, ultimately impacting the 1987 liberty silver dollar value.
-
Liquidity and Resale Value
Coins graded by reputable services generally exhibit greater liquidity and resale value compared to ungraded coins. Certified and graded coins are easier to sell because potential buyers trust the assigned grade and authenticity. Dealers are also more likely to offer competitive prices for graded coins, knowing that they can readily resell them to other collectors or investors. A higher 1987 liberty silver dollar value can be expected due to these factors.
In summary, grading services exert a profound influence on the worth of a 1987 Liberty Silver Dollar. By providing objective assessments of condition, verifying authenticity, and promoting standardization, these services enhance market transparency and increase buyer confidence. The assigned grade directly impacts the coin’s perceived value, liquidity, and resale potential, underscoring the importance of professional grading in the numismatic market.
7. Historical Context
The circumstances surrounding the issuance of the 1987 Liberty Silver Dollar are intrinsically linked to its value as a collectible. Understanding the historical backdrop against which this coin was conceived and distributed provides crucial insights into its perceived significance and subsequent market performance.
-
Centennial of the Statue of Liberty
The coin was released to commemorate the 100th anniversary of the Statue of Liberty, a powerful symbol of American ideals. This commemorative intent imbued the coin with an immediate association to national pride and historical importance, generating initial collector interest. The perceived historical relevance contributes to its enduring appeal and influences its value over time.
-
Commemorative Coin Programs
The 1987 Liberty Silver Dollar was part of a broader series of commemorative coins issued by the United States Mint. Understanding the context of this series, its purpose, and the overall success of other coins within the program provides a comparative framework for assessing its individual value. The relative popularity and performance of other commemorative issues can influence the perception and demand for the 1987 coin.
-
Economic Conditions of the Era
The economic climate of 1987, including factors such as inflation, interest rates, and investment trends, played a role in shaping the initial demand for the coin. Periods of economic prosperity often lead to increased discretionary income and heightened interest in collectibles, while economic downturns may dampen demand. Analyzing the economic conditions prevalent during the coin’s release helps contextualize its early market performance and subsequent appreciation.
-
Impact of Numismatic Trends
Prevailing trends within the numismatic market, such as the popularity of silver coins or specific commemorative issues, influence the collectibility and value of the 1987 Liberty Silver Dollar. Shifts in collector preferences, the emergence of new collecting niches, or the rediscovery of historical coins can all impact demand. Awareness of these broader numismatic trends provides valuable context for understanding fluctuations in the coin’s market price.
In conclusion, the historical context surrounding the 1987 Liberty Silver Dollar is not merely ancillary information but a critical element in determining its value. The commemorative intent, the broader context of commemorative coin programs, the economic conditions of the era, and prevailing numismatic trends all contribute to the coin’s perceived significance and its subsequent market performance. Understanding these factors is essential for anyone seeking to accurately assess the coin’s current and potential worth.
8. Commemorative Significance
The commemorative intent behind the 1987 Liberty Silver Dollar exerts a direct influence on its market valuation. Issued to celebrate the centennial of the Statue of Liberty, the coin’s design and purpose resonate with collectors who appreciate its historical and patriotic association. This resonance translates into increased demand, which, in turn, affects the price point. The anniversary acts as a catalyst, enhancing the coin’s appeal beyond its intrinsic silver content and minting details. For instance, coins issued for less prominent events often lack the same level of sustained interest, resulting in a comparatively lower market value.
The design elements reinforcing the commemorative purpose, such as the depiction of the Statue of Liberty and related inscriptions, amplify the emotional connection collectors have with the coin. These design aspects distinguish it from standard circulating coinage and solidify its status as a tangible piece of American history. The higher the perceived historical importance, the greater the potential for appreciation in its monetary worth, assuming condition and scarcity factors are also favorable. A similar effect can be seen with other commemorative coins tied to significant national events, such as the bicentennial coins.
In conclusion, the “Commemorative Significance” functions as a vital, non-quantifiable asset influencing the overall market valuation of the 1987 Liberty Silver Dollar. While silver content and rarity contribute to its base value, it is the historical and patriotic association that elevates its appeal to collectors and investors, resulting in a price premium. The degree of this premium fluctuates with market sentiment and collector interest in American history, necessitating a comprehensive assessment that includes numismatic indicators and historical context.
9. Collector Interest
The level of “Collector Interest” stands as a key determinant affecting the “1987 liberty silver dollar value.” The enthusiasm and demand exhibited by numismatists and collectors directly impact the coin’s market price, often surpassing its intrinsic silver value.
-
Condition Sensitivity
Collectors place a premium on the condition of the 1987 Liberty Silver Dollar. Coins in pristine, uncirculated condition, particularly those graded highly by reputable services, attract significant interest. This demand drives up the price for MS-68, MS-69, and MS-70 graded examples compared to circulated versions. The willingness of collectors to pay for quality directly influences the coin’s overall valuation.
-
Proof vs. Business Strike Preference
Proof versions of the 1987 Liberty Silver Dollar, identified by the “S” mint mark, generally garner more attention from collectors than the business-strike coins lacking a mint mark. The enhanced detail and mirrored finish of proof coins make them more desirable, leading to higher demand and a subsequent increase in the market price. The preference for proof specimens over business strikes highlights how specific attributes attract collector interest.
-
Set Completion Considerations
Many collectors seek to assemble complete sets of U.S. commemorative coins. The 1987 Liberty Silver Dollar represents a piece within this larger puzzle. Its inclusion in set completion endeavors contributes to sustained demand and supports its value. The coin’s role in fulfilling set completion objectives impacts its market price, especially among serious numismatists.
-
Commemorative Theme Appreciation
The Statue of Liberty theme resonates with collectors who appreciate patriotic and historical symbolism. This emotional connection drives interest in the 1987 Liberty Silver Dollar, particularly during periods of heightened national sentiment or awareness of American heritage. The commemorative theme’s impact on collector interest influences the coin’s value above and beyond its silver content.
In essence, the interplay of these factors, fueled by “Collector Interest,” sculpts the “1987 liberty silver dollar value.” The preferences for condition, proof versions, set completion, and the commemorative theme coalesce to create a demand dynamic that surpasses the coin’s inherent material worth. Understanding these components provides essential insight into the coin’s valuation within the numismatic marketplace.
Frequently Asked Questions
This section addresses common inquiries regarding the factors influencing the value of the 1987 Liberty Silver Dollar.
Question 1: What factors primarily determine the value of a 1987 Liberty Silver Dollar?
The value is primarily determined by condition, mint mark, silver content, mintage figures, market demand, and grading service assessments. A coin’s grade significantly influences its price, with higher grades commanding substantial premiums.
Question 2: How does the presence or absence of a mint mark affect the coin’s value?
The San Francisco “S” mint mark, found on proof versions, generally increases the coin’s value due to its limited mintage and enhanced finish. Coins lacking a mint mark, produced in Philadelphia, typically have lower values.
Question 3: Does the silver content of the 1987 Liberty Silver Dollar play a significant role in its value?
Yes, the silver content establishes a base value that fluctuates with the spot price of silver. The coin contains approximately 0.77344 troy ounces of silver, influencing its inherent worth.
Question 4: How do professional grading services impact the 1987 Liberty Silver Dollar value?
Professional grading services provide an objective assessment of the coin’s condition and authenticity, which greatly influences its perceived value. Graded and encapsulated coins offer buyers confidence, typically resulting in higher prices.
Question 5: Why is the 1987 Liberty Silver Dollar considered a commemorative coin, and how does that affect its value?
It was issued to commemorate the Statue of Liberty’s centennial. This historical association enhances its collectibility and contributes to a value above its silver content, driven by collector interest.
Question 6: How does market demand influence the price of a 1987 Liberty Silver Dollar?
Increased market demand from collectors and investors tends to drive up the price. Factors such as economic conditions, numismatic trends, and marketing efforts can influence this demand.
Understanding these factors allows for a more informed assessment of the 1987 Liberty Silver Dollar’s value.
The next section will provide tips for buying and selling the 1987 Liberty Silver Dollar.
Tips for Buying and Selling
This section provides actionable guidance to optimize transactions involving the 1987 Liberty Silver Dollar. Adherence to these guidelines can mitigate risks and enhance profitability.
Tip 1: Conduct Thorough Research: Prior to engaging in any transaction, examine recent sales data from reputable auction houses and online marketplaces. Familiarity with current market prices is essential for making informed decisions regarding the appropriate price point.
Tip 2: Prioritize Certified Coins: Opt for coins graded and encapsulated by established grading services such as PCGS or NGC. Certification provides assurance of authenticity and an objective assessment of condition, reducing the potential for overpayment or acquiring counterfeits.
Tip 3: Scrutinize Coin Condition: Whether buying or selling, meticulously assess the coin’s condition. Utilize a magnifying glass to identify any surface imperfections, scratches, or signs of wear. Accurate condition assessment is crucial for aligning pricing with market standards.
Tip 4: Monitor Silver Market Fluctuations: Given the coin’s silver content, track the spot price of silver. Understanding market trends can inform strategic buying or selling decisions. A rising silver price might prompt sellers to hold for a higher value, while a declining price might create buying opportunities.
Tip 5: Consider Proof vs. Business Strike: Acknowledge the pricing differential between proof and business-strike versions. Proof coins, identified by the “S” mint mark, typically command higher prices due to their superior finish and lower mintage figures.
Tip 6: Document Transactions Meticulously: Maintain detailed records of all purchases or sales, including dates, prices, and seller/buyer information. These records serve as essential documentation for tax purposes and provide a valuable historical reference.
Adherence to these tips promotes responsible and informed engagement within the numismatic market, optimizing potential financial outcomes and mitigating potential risks. The final section will provide concluding remarks on the value.
Conclusion
The exploration of “1987 liberty silver dollar value” reveals a complex interplay of factors influencing its worth. Condition, mint mark, silver content, mintage numbers, market demand, and grading services all contribute to its final valuation. The commemorative significance of the coin, celebrating the Statue of Liberty’s centennial, further enhances its collectibility and market appeal.
Understanding these determinants empowers informed decision-making within the numismatic market. Continued observation of market trends, careful assessment of coin condition, and reliance on reputable grading services are crucial for accurately gauging its worth. As with any collectible, both intrinsic value and external market forces contribute to its ever-evolving valuation. Individuals need to stay informed.
