The new version of the Liberty Dollar is backed by pure.999 fine silver valued at $25 USD per ounce. The valuation is set higher than the current price of silver because, as Kathy Hicks, President Here are the top 25 most valuable silver dollars (Morgan's/Peace Dollars) from the late 1800's to the early 1900's (updated: 2020). We've searched through the coin catalogues, books, and online stores and made a huge list of coin values. We then filtered the data to show only the most expensive silver dollars, and this is what we came up with. Is U.S. currency still backed by gold? Federal Reserve notes are not redeemable in gold, silver, or any other commodity. Federal Reserve notes have not been redeemable in gold since January 30, 1934, when the Congress amended Section 16 of the Federal Reserve Act to read: "The said [Federal Reserve] notes shall be obligations of the United States….They shall be redeemed in lawful money on