Morgan Silver Dollar Values and Prices

Morgan silver dollars are one of the most popular series of United States coins. They are large, heavy, and beautifully designed to make them attractive to coin collectors around the world. however, it was n’t constantly that way. It was n’t until the mid-1970s that Morgan silver medal dollars became highly popular with coin collectors .

There are special coin clubs that are dedicated to collecting Morgan silver dollars. Morgan dollar specialists from around the world normally meet at every major mint show to discuss new finds and attend educational presentations. The across-the-board book titled The Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars by Leroy C. Van Allen and A. George Mallis started a new mint collecting craze by encouraging collectors to assemble sets of different varieties of Morgan silver dollars .

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Watch Now: 5 Surprising Facts About the Morgan Dollar

history of the Morgan Silver Dollar

In February 1878, the Bland-Allison Act became law and mandated that the government purchase respective million dollars worth of eloquent every calendar month and coin them into silver dollars. These coins were not needed for department of commerce but were used to artificially stabilize the price of silver medal at the request of the flatware mining interests in the Western United States .

George T. Morgan was the english engraver that designed the obverse and the inverse of the coin. The United States Mint in Philadelphia struck the first Morgan eloquent dollars in 1878. Over the life sentence of the mint series, the mint produced it at five different mints : Philadelphia ( no mint marker ). New Orleans ( mint mark O ), San Francisco ( S ), Carson City ( CC ) and Denver ( D ) .

production stopped in 1904 with coins being produced entirely at the Philadelphia, New Orleans, and San Francisco mints. When eloquent dollar production resumed in 1921, the Peace silver dollar design was not ready for the mint presses. consequently, mint employees revived the Morgan silver dollar design that was used for part of the class until the Peace silver dollar dies were quick for production .

Key Dates, Rarities, and Varieties

The Morgan silver dollars listed below are deserving well more than common Morgan silver dollars in any condition. As such, these coins are frequently counterfeit or altered from common Morgan dollars. therefore, before you start celebrating your new found fortune, have the coin authenticated by a reputable coin dealer or third gear party grading overhaul .

  • 1881 CC
  • 1885 CC
  • 1889 CC
  • 1893 CC
  • 1893 S
  • 1895 Proof
  • 1895 S

Although not extremely rare, the 1878 Morgan silver dollar was minted with four unlike reverse dies. The beginning die created had an eagle on the turn back with eight chase feathers. But after some research, the people at the mint realized that the American bald eagle only has seven tail feathers. therefore, they created a fresh die with a bald eagle with only seven dock feathers and the fletchings on the arrows parallel. The photograph below illustrate the dispute between these two unlike coins. A third base inverse has a double tail feathers with a set of seven tail feathers over a plant of tail feathers. A fourth reverse has seven dock feathers with a slenderly tilted fletching on the clear arrow .

A 1878 Morgan Dollar with an eagle with 8 tail feathers on the reverse

A 1878 Morgan Dollar with an eagle with 8 tail feathers on the reverse

Heritage Auction Galleries, Ha.com
A 1878 Morgan Dollar with an eagle with 7 tail feathers on the reverse

A 1878 Morgan Dollar with an eagle with 7 tail feathers on the reverse

Heritage Auction Galleries, Ha.com

condition or Grade

If your coin is wear and looks like to the one illustrated in the link below, it is considered a circulate mint .

  • Photo of a Circulated Morgan Silver Dollar

If your coin looks similar to the one illustrated in the connect below and has no evidence of clothing ascribable to being in circulation, it is considered an uncirculated coin .

  • Photo of an Uncirculated Morgan Silver Dollar

mint Marks

The United States Mint produced the Morgan silver dollar at five unlike mints : Philadelphia ( no mint mark ), Carson City Nevada ( CC ), New Orleans ( O ), Denver ( D ) and San Francisco ( S ). The mint did not produce all coins at all mints in all years. As illustrated in the picture below, you can find the batch set on the rearward of the mint, precisely below the bow in the wreath .

  • Photo of the Morgan Silver Dollar Mint Mark Location

average Circulated and Uncirculated Values & Prices

Buy price is what you can expect to pay to a mint dealer when you purchase the coin while sell value is what you can expect a to received from the coin dealer if you sell the coin. Buy price, and the sell prize for an average circulated, and average uncirculated coins are besides presented. These are approximate retail prices and wholesale values. The actual extend you receive from a especial coin dealer will vary depending on the actual grade of the coin and some other factors that determine its worth .

Date & Mint Circ. Buy Circ. Sell Unc. Buy Unc. Sell
1878 8TF $80.00 $50.00 $220.00 $150.00
1878 7/8TF Strong $41.00 $26.00 $220.00 $140.00
1878 7TF Rev of 78 $40.00 $25.00 $110.00 $80.00
1878 7TF Rev of 79 $44.00 $28.00 $150.00 $100.00
1878-CC $120.00 $80.00 $460.00 $310.00
1878-S $43.00 $27.00 $80.00 $50.00
1879 $28.00 $18.00 $71.00 $52.00
1879-CC $180.00 $110.00 $5,100.00 $3,400.00
1879-O $39.00 $26.00 $120.00 $90.00
1879-S $30.00 $19.00 $66.00 $45.00
1879-S Rev of 78 $48.00 $30.00 $370.00 $270.00
1880 $34.00 $22.00 $58.00 $39.00
1880-CC $170.00 $110.00 $550.00 $400.00
1880-O $37.00 $23.00 $140.00 $100.00
1880-S $29.00 $19.00 $49.00 $35.00
1881 $28.00 $18.00 $58.00 $39.00
1881-CC $360.00 $240.00 $550.00 $380.00
1881-O $39.00 $25.00 $58.00 $43.00
1881-S $30.00 $19.00 $49.00 $34.00
Date & Mint Circ. Buy Circ. Sell Unc. Buy Unc. Sell
1882 $29.00 $18.00 $49.00 $33.00
1882-CC $110.00 $70.00 $220.00 $160.00
1882-O $36.00 $24.00 $58.00 $40.00
1882-O O/S $49.00 $31.00 $260.00 $180.00
1882-S $28.00 $18.00 $49.00 $33.00
1883 $29.00 $18.00 $60.00 $41.00
1883-CC $110.00 $70.00 $210.00 $140.00
1883-O $29.00 $18.00 $45.00 $32.00
1883-S $27.00 $17.00 $1,300.00 $900.00
1884 $28.00 $19.00 $55.00 $39.00
1884-CC $140.00 $100.00 $220.00 $160.00
1884-O $27.00 $17.00 $46.00 $32.00
1884-S $27.00 $17.00 $14,200.00 $10,000.00
1885 $29.00 $19.00 $48.00 $33.00
1885-CC $630.00 $400.00 $800.00 $600.00
1885-O $27.00 $18.00 $45.00 $30.00
1885-S $29.00 $19.00 $330.00 $230.00
1886 $29.00 $18.00 $42.00 $29.00
1886-O $35.00 $23.00 $1,400.00 $1,000.00
1886-S $50.00 $32.00 $410.00 $290.00
Date & Mint Circ. Buy Circ. Sell Unc. Buy Unc. Sell
1887 $28.00 $17.00 $42.00 $28.00
1887-6 $41.00 $28.00 $390.00 $270.00
1887-O $28.00 $17.00 $90.00 $70.00
1887-O 7/6 $46.00 $30.00 $900.00 $600.00
1887-S $28.00 $18.00 $170.00 $110.00
1888 $33.00 $20.00 $46.00 $34.00
1888-O $26.00 $17.00 $74.00 $54.00
1888-S $120.00 $70.00 $400.00 $290.00
1889 $27.00 $18.00 $44.00 $32.00
1889-CC $760.00 $510.00 $33,000.00 $23,000.00
1889-O $28.00 $18.00 $290.00 $200.00
1889-S $59.00 $38.00 $270.00 $180.00
1890 $27.00 $18.00 $47.00 $32.00
1890-CC $100.00 $70.00 $580.00 $400.00
1890-O $27.00 $17.00 $90.00 $60.00
1890-S $30.00 $19.00 $80.00 $60.00
1891 $28.00 $18.00 $90.00 $70.00
1891-CC $100.00 $70.00 $640.00 $470.00
1891-O $27.00 $17.00 $220.00 $160.00
1891-S $29.00 $18.00 $110.00 $70.00
Date & Mint Circ. Buy Circ. Sell Unc. Buy Unc. Sell
1892 $39.00 $26.00 $340.00 $230.00
1892-CC $190.00 $120.00 $1,600.00 $1,200.00
1892-O $28.00 $18.00 $330.00 $240.00
1892-S $42.00 $27.00 $57,000.00 $41,000.00
1893 $160.00 $100.00 $1,000.00 $800.00
1893-CC $330.00 $220.00 $5,900.00 $4,200.00
1893-O $200.00 $140.00 $4,500.00 $3,300.00
1893-S $3,500.00 $2,200.00 $220,000.00 $160,000.00
1894 $800.00 $500.00 $3,600.00 $2,600.00
1894-O $40.00 $27.00 $1,800.00 $1,200.00
1894-S $61.00 $41.00 $1,100.00 $800.00
1895 Proof Only $30,000.00 25,000.00 $53,000.00 $46,500.00
1895-O $230.00 $140.00 $22,000.00 $14,000.00
1895-S $350.00 $240.00 $5,200.00 $3,800.00
1896 $27.00 $17.00 $42.00 $31.00
1896-O $39.00 $24.00 $2,100.00 $1,400.00
1896-S $47.00 $30.00 $3,300.00 $2,200.00
1897 $29.00 $20.00 $44.00 $30.00
1897-O $29.00 $20.00 $1,500.00 $1,100.00
1897-S $27.00 $19.00 $100.00 $70.00
1898 $29.00 $19.00 $44.00 $32.00
1898-O $29.00 $18.00 $45.00 $31.00
1898-S $38.00 $24.00 $320.00 $220.00
Date & Mint Circ. Buy Circ. Sell Unc. Buy Unc. Sell
1899 $150.00 $90.00 $280.00 $190.00
1899-O $28.00 $19.00 $51.00 $36.00
1899-S $40.00 $26.00 $490.00 $350.00
1900 $27.00 $17.00 $44.00 $29.00
1900-O $27.00 $19.00 $45.00 $32.00
1900-O O/CC $63.00 $41.00 $450.00 $320.00
1900-S $41.00 $28.00 $330.00 $230.00
1901 $44.00 $27.00 $4,400.00 $3,000.00
1901-O $35.00 $24.00 $54.00 $37.00
1901-S $39.00 $27.00 $610.00 $430.00
1902 $36.00 $22.00 $110.00 $70.00
1902-O $37.00 $23.00 $46.00 $32.00
1902-S $100.00 $70.00 $480.00 $350.00
1903 $42.00 $28.00 $80.00 $50.00
1903-O $340.00 $210.00 $440.00 $330.00
1903-S $100.00 $60.00 $6,300.00 $4,500.00
1904 $33.00 $21.00 $160.00 $120.00
1904-O $36.00 $25.00 $65.00 $45.00
1904-S $45.00 $30.00 $3,500.00 $2,400.00
1921 $24.00 $15.00 $38.00 $27.00
1921-D $23.00 $15.00 $50.00 $37.00
1921-S $27.00 $17.00 $48.00 $33.00
Complete
Date-Mint Set

Total Coins: 96
$12,000.00 $8,000.00 $410,000.00 $300,000.00
Complete
Date Set

Total Coins: 28
$1,200.00 $800.00 $9,100.00 $6,500.00

*= See the section above “ Key Dates, Rarities, and Varieties ” for more information on these coins .

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