The value of your Peace Dollar (that is name given to these types of Silver Dollars) greatly depends on the condition it is in. Obviously, the better condition it is in, it will be worth more. The one in good condition coins start at around $30. There are some that are in mint condition and in packaging that cost up to $50. These are retail prices on the silver dollar. If you were to sell it to a vender, you will probably get less than $20 for it. If you want to get the maximum amount of money for it, you might want to try selling it to an individual directly.
The reason why it is harder to sell for a good price to a dealer or retailer is because they are trying to make a profit. They have to buy it for significantly less in order to profit off of the sale. So if you try to sell it to a retailer and they offer less than you expected, don’t take it personally. There are still a lot of 1922 Peace dollars in circulation, and this drives down the price. You can try to find someone who collects coins and make an offer to them. Since they probably intend on keeping it (most likely for the rest of their life,) they will pay a higher price. If you have a market where you live, it might provide you with a good opportunity to sell your coin.
You can also try selling it on an auction site, such as eBay, or on Amazon. Both sites keep a percentage of your profit as commission. If you choose to use these sites, you might consider having your coin verified as being original, and take photographs of it being appraised. This is to protect you from scams by online buyers.
The reason why it is harder to sell for a good price to a dealer or retailer is because they are trying to make a profit. They have to buy it for significantly less in order to profit off of the sale. So if you try to sell it to a retailer and they offer less than you expected, don’t take it personally. There are still a lot of 1922 Peace dollars in circulation, and this drives down the price. You can try to find someone who collects coins and make an offer to them. Since they probably intend on keeping it (most likely for the rest of their life,) they will pay a higher price. If you have a market where you live, it might provide you with a good opportunity to sell your coin.
You can also try selling it on an auction site, such as eBay, or on Amazon. Both sites keep a percentage of your profit as commission. If you choose to use these sites, you might consider having your coin verified as being original, and take photographs of it being appraised. This is to protect you from scams by online buyers.