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4-23-11>> The value is tied to the spot price of silver at time of sale, today it's $46.61 per ounce.
it all depends on the silver content. silver today costs about $16.00 per ounce. be sure to look at the mint mark. if the mint mark is a w, it can be worth thousands of dollars.
The value of .999 pure silver coins varies with the spot price of silver on the market. A one-ounce silver coin will always be worth, at a minimum, the spot price of silver. Depending on the condition of the coin and the market in general, it may be worth up to 100% more. Proof coins are worth more than the coins that are not circulated, which in turn are worth more than lower-grade coins that may have been handled or have scratches, dings, etc. With the spot price of silver approaching $35, a current check of asking prices for the 2003 American Eagle ranged from $40 for a specimen that is not circulated, to over $110 for a PR70-rated proof coin. Check the current spot price of silver daily.
This is a bullion coin sold for its silver value, currently about $17/oz. The "$1" denomination is artificial.