Morgan Dollar Silver Dollars - 1878 to 1904 | The Patriotic Mint (2024)

FAQs

How much is a 1878 Morgan Silver Dollar mint Condition worth? ›

1878 S Morgan Dollar Value

According to the NGC Price Guide, as of April 2024, a Morgan Dollar from 1878 in circulated condition is worth between $37 and $63. However, on the open market 1878 S Silver Dollars in pristine, uncirculated condition sell for as much as $42500.

The 1889-CC is the rarest of Morgan silver dollars minted at Carson City. Although it doesn't have the lowest mintage of the CCs, most of them immediately went into circulation like the 1884-S. PCGS estimates 25,250 have survived, with 4,250 coins at grade 60 or better. Only 7 are at +65 grade.

The most valuable Morgan silver dollars are the following: 1893-S Morgan Dollar: $3,000-$1,250,000. 1884-S Morgan Dollar: $34-$1,250,000. 1889-CC Morgan Dollar: $425-$1,200,000.

Morgan silver dollars range in price from as low as $20 to as high as tens of thousands of dollars. It depends on their condition and the date they were minted, among other factors.

Here are examples of some of the most valuable rare Morgan silver dollars: 1892 S Morgan Silver Dollar — $130,000. 1896 O Morgan Silver Dollar — $140,000.

Draped Bust Silver Dollar (1803) - This is one of the rarest and most valuable coins, and only four of them are known to exist. Each of these coins are worth around $1 million if they are in good condition.

The coins produced in 1878 and 1879 are especially popular because they are the oldest available on the market today. It is the coins from the 1870s that are in pristine condition that sell for higher prices than just about any and all other Morgan Silver Dollars.

However, you might encounter Morgan Silver Dollars that seem to lack a mint mark altogether. This isn't an error or a flaw; these coins were minted in Philadelphia. During the era when Morgan Silver Dollars were produced, the Philadelphia Mint didn't use a mint mark.

What is the King of Morgan silver dollars? ›

Without question the most coveted Morgan is the 1895 issue, known as “the king of the Morgans.” A curious mystery regarding this rare coin persists to this day, as numismatists continue to wonder what happened to the original mintage.

Invest in Only the Highest Grade Morgan Dollars

Because most of the Morgan dollar coins exist in higher grades than most other series, you should invest in only the highest grade specimens. If you can afford to buy Proof Morgan silver dollars, you should do so because those have performed very well as investments.

According to the NGC Price Guide, as of May 2024, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $9 and $10.25. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.

Examine the Coin's Date

If the coin is from before 1800, it's likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.

Depending on the condition and scarcity of the coin in question, you can pay anywhere from as little as $10 to as much as $100 and more for a Morgan Silver Dollar. As expected, those coins that have been well-preserved over the years are the ones that will sell for the highest prices.

1878 marked the first year of production for the Morgan dollar. Over 2.2 million examples were struck at the Carson City Mint that year.

1889 O Morgan Dollar Value

According to the NGC Price Guide, as of May 2024, a Morgan Dollar from 1889 in circulated condition is worth between $36.50 and $225. However, on the open market 1889 O Silver Dollars in pristine, uncirculated condition sell for as much as $45000.

An easy way to detect if your coins is fake is to check to see if it's magnetic. Precious metals, such as gold, silver, platinum and palladium aren't magnetic, so if your coin is attracted to a strong magnet, such as an earth magnet, then you can be sure that it's fake.