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Morgan Silver Dollar Values
Morgan silver dollar coins were minted every year between 1878 and 1904. They were also minted again for one year in 1921.
During the period of 1878 - 1904, they were produced at the United States Mints of Philadelphia, New Orleans, San Francisco & Carson City.
Although during this period some mints didn't produce any coins for a particular year.
In 1921 they were only produced at Philadelphia, San Francisco & Denver.
Image Source: USA Coinbook
What Affects Morgan Silver Dollar Prices?
Four main factors determine a Morgan Dollar's worth:
- Mint marks: Each mint used a unique stamp.
- Year of minting: Some years are scarcer than others.
- Coin condition: Well-preserved coins fetch higher prices.
- Rarity: Fewer surviving coins mean greater value.
Did you know? The coin's designer, George T. Morgan, lent his name to this dollar.
Price Guide Through the Years
1878-1890: The Early Years
- Treasure hunt alert! Look for 1879-CC and 1889-CC coins. They can be worth thousands.
- Most 1880s coins in circulated condition sell for $20 to $50.
1891-1904: The Middle Era
- Jackpot coins: 1893-S and 1894. These rare gems can fetch tens of thousands.
- Common coins from this time typically sell for $20 to $100.
1921: The Comeback Year
- The Morgan Dollar returned for one final year.
- These are common finds, usually worth $20 to $50 if circulated.
Grading: The Key to Value
Think of grading like a report card for coins:
- Uncirculated (MS) grades: MS-60 to MS-70. These pristine coins are top of the class.
- Circulated grades: From Very Fine (VF) to About Uncirculated (AU).
- Remember: Better grades mean bigger price tags.
The Rarest of the Rare
Some Morgan Dollars are true numismatic superstars:
- 1889-CC: This coin could buy a car! Worth $10,000+ in high grades.
- 1893-S: The holy grail of Morgan Dollars. Perfect specimens can exceed $100,000.
- 1895 Proof: Only 880 minted. These sell for over $100,000.
What Drives the Market?
Morgan Dollar prices don't exist in a vacuum. They're influenced by:
- Silver content: Each coin contains 0.7734 oz of silver.
- Collector enthusiasm: Popular coins often command premium prices.
- Economic trends: Precious metal prices can impact coin values.
Tips for Smart Coin Collecting
Ready to start your Morgan Silver Dollar adventure? Keep these tips in mind:
- Stay alert: Counterfeits exist. Buy from trusted dealers.
- Protect your investment: Use proper coin holders or albums.
The Morgan Dollar Legacy
Morgan Dollars remain a cornerstone of American coin collecting. Their values span from affordable to astronomical.
Whether you're a seasoned numismatist or a curious newcomer, these coins offer a tangible link to history and a potentially valuable addition to your collection.
Mint Dates and Values:
| Date | VF-20 | EF-40 | MS-60 |
|---|---|---|---|
| 1878 (8 Feathers) | $95 | $105 | $350 |
| 1878 (7 Feathers) | $55 | $60 | $250 |
| 1878 (CC) | $190 | $250 | $500 |
| 1878 (S) | $50 | $55 | $85 |
| 1879 | $47 | $50 | $75 |
| 1879 (CC) | $600 | $1450 | $5750 |
| 1879 (O) | $47 | $55 | $125 |
| 1879 (S) | $125 | $190 | $875 |
| 1880 | $45 | $47 | $70 |
| 1880 (CC) | $250 | $300 | $800 |
| 1880 (O) | $45 | $50 | $180 |
| 1880 (S) | $45 | $50 | $100 |
Valuation Source: The Official Red Book 77th Edition 2024
Morgan silver dollars were minted throughout the following years:
1878, 1879, 1880, 1881, 1882, 1883, 1884, 1885, 1886, 1887, 1888, 1889, 1890, 1891, 1892, 1893, 1894, 1895, 1896, 1897, 1898, 1899, 1900, 1901, 1902, 1903, 1904, 1921.
Discover more about collecting coins and banknotes at Lost Treasure HQ.
