1. 1893-S Morgan Silver Dollar
One of the most valuable and scarce coins in the Morgan series is the 1893-S Morgan Silver Dollar. It had the lowest mintage of any Morgan Dollar, with only 100,000 pieces produced, and was struck at the San Francisco Mint. Collectors hold it in high regard due to its historical significance and scarcity. This coin’s value can vary from $5,200 in lower grades to between $100,000 and $500,000 for Mint State examples, contingent upon its condition.
2. 1889-CC Morgan Silver Dollar
The 1889-CC Morgan Dollar, which was produced in Carson City, is another uncommon and expensive coin, with a total of 350,000 units produced. Many were promptly released into circulation, resulting in an extreme scarcity of high-quality specimens. A coin of MS65 grade can sell for over $300,000 at auction due to its rarity and allure, whereas lower-grade coins can be sold for $1,000 to $7,000.
3. 1895 Morgan Silver Dollar (Proof)
The 1895 Morgan Silver Dollar, which is frequently referred to as the “King of the Morgan Dollars,” is exceedingly uncommon, with only 880 proof coins produced. The coin was not intended for general circulation, which further enhanced its exclusivity, as it was a proof-only issue. Prices for high-quality proof specimens can reach as high as $80,000, while lower-grade examples typically begin at approximately $17,000.
4. 1894 Morgan Silver Dollar
The 1894 Morgan Dollar from the Philadelphia Mint is one of the lowest mintage coins in the series, with only 110,000 pieces produced. It is highly desirable due to its historical significance and rarity. Uncirculated coins can be valued at as much as $50,000, while circulated coins may still be worth more than $1,000.
5. 1884-S Morgan Silver Dollar
Although the 1884-S Morgan Dollar was produced in large quantities, with a mintage of nearly 3 million, only a small number of high-grade specimens have been preserved. This coin is highly valuable due to the scarcity of mint-state examples, with top-quality coins like the “Wonder Coin” garnering prices as high as $750,000 at auction. Even coins of inferior quality can be valued at $42 to $75.
6. 1886-O Morgan Silver Dollar
Although the New Orleans Mint produced over 10 million 1886-O Morgan Dollars, the quality of the minting was subpar, resulting in a scarcity of pristine specimens. A uncommon find, high-grade specimens can be appraised at up to $130,000. Coins of inferior quality are more reasonably priced, with prices ranging from $42 to $75. However, their historical significance continues to captivate collectors.
7. 1901-S Morgan Silver Dollar
The 1901-S Morgan Silver Dollar is regarded as one of the most scarce in higher grades, with a mintage of merely 1.2 million. A circulated variant may be sold for approximately $85, while uncirculated examples can fetch as much as $120,000 due to their scarcity and collector demand.
8. 1885-CC Morgan Silver Dollar
The Carson City Mint has produced only 228,000 1885-CC Morgan Dollars, making it one of the rarest Morgan Dollars. Their scarcity was further exacerbated by the fact that a significant number were never disseminated. Coins in Mint State condition can be valued at up to $130,000, despite the fact that lower-grade examples may be purchased for $440.
9. 1883-O Morgan Silver Dollar (Proof)
The 1883-O Morgan Dollar is a proof coin that is highly sought after and distinctive. It was primarily designed as a presentation piece rather than for circulation. It is consequently considerably scarcer, with a single such proof garnering $270,000 at auction. This rarity renders it one of the most valuable proof coins in the Morgan series.
10. 1893-O Morgan Silver Dollar
The 1893-O Morgan Dollar has the lowest production number of any Morgan Dollar minted in New Orleans, with a mintage of only 300,000. It is in short supply in both circulated and uncirculated states. Lower-grade coins may be sold for $300, while those of superior quality can be appraised at $775 or more.
Understanding Morgan Silver Dollar Values
There are numerous variables that impact the value of a Morgan Silver Dollar:
- Mint Mark: The value of a coin can be substantially influenced by the mint mark, which indicates its origin. Minted coins from facilities with lesser production volumes, such as Carson City (CC) or San Francisco (S), are frequently more valuable.
- Condition: Coins in Mint State (MS) condition are valued at a higher rate than those in circulation, and even minor enhancements in quality can result in substantial increases in value.
- Rarity: A coin’s value is increased by its limited mintage or the small number of surviving high-quality specimens.
FAQ’s
Why are some Morgan Silver Dollars worth so much?
Their value is determined by factors such as rarity, mint mark, condition, and historical significance. Coins with low mintage or high grades are particularly valuable.
How do I determine the value of a Morgan Silver Dollar?
Assess the coin’s mint mark, condition, and rarity. Professional grading services can provide an accurate evaluation.
Where can I buy or sell Morgan Silver Dollars?
Coin shops, auctions, and online marketplaces like eBay are popular places to buy or sell Morgan Silver Dollars. Always verify the authenticity and condition before making a purchase.