antique silver dollar sells for $5,550

If you have the right coin in your home, Your spare change might be worth more than you think. If so, you could earn thousands.

Following a 17-way bidding war, one collector recently paid $5,550 for an 1893 Carson City, Nevada, silver dollar.

A Morgan silver dollar, a coin from the 19th century, is very well-liked by coin collectors and is relatively simple to locate.

Since the Morgan Dollar was only produced from 1878 to 1904, coin collectors have developed a special interest in them. The Morgan Dollar was reminted in 1921, as well as in 2021 as a non-circulating coin (these variations sell today for over $100).

About 48,000 of the 677,000 Morgan dollars that were struck in Carson City in 1893 still exist today, according to the Professional Coin Grading Service (PCGS).

Regardless of condition, selling an 1893-CC dollar you find in your coin collection could net you at least $100.

Nearly all of the 114 coin variations produced in Carson City, regardless of condition, are worth at least $100 in today's market.

Check your home and any potential storage locations for change as your first step. Other options include using a metal detector outside or visiting your neighbourhood bank to get a roll of coins.

How to find rare coins

Either use a specialised website like Coinappraiser or USA Coin Book, or sell the coin on eBay. Search for the full name and switch the search to "highest value" to see if your coins have any value on eBay.