Morgan Silver Dollar Values
How Much Morgan Silver Dollars are Worth: Morgan Silver Dollar Values & Coin Price Chart
Year | Mint | Variety | Designation | VG-8 | F-12 | VF-20 | EF-40 | AU-50 | U-60 | MS-63 | MS-64 | MS-65 | MS-66 | MS-67 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1800 | P | Plain 4- Stemless Wreath | Red-brown | 200 | 300 | 400 | 500 | 600 | 700 | 800 | 900 | 1000 | 1200 | 1100 |
| Year | Mint | Variety | Designation | VG-8 | F-12 | VF-20 | EF-40 | AU-50 | MS-60 | MS-63 | MS-64 | MS-65 | MS-66 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1878 | (None) Phil | 8TF | -- | $68 | $76 | $89 | $117 | $151 | $265 | $497 | $638 | $2,174.00 | $4,925.00 |
| 1878 | (None) Phil | 7/8TF Strong | -- | $57 | $62 | $68 | $93 | $120 | $240 | $559 | $589 | $2,240.00 | $9,375.00 |
| 1878 | (None) Phil | 7TF Reverse of 1878 | -- | $50 | $50 | $56 | $68 | $90 | $120 | $215 | $288 | $637 | $2,683.00 |
| 1878 | (None) Phil | 7TF Reverse of 1879 | -- | $53 | $54 | $56 | $67 | $120 | $210 | $407 | $684 | $1,955.00 | $5,865.00 |
| 1878 | CC | -- | -- | $180 | $187 | $205 | $280 | $330 | $429 | $614 | $830 | $2,053.00 | $5,048.00 |
| 1878 | S | -- | -- | $50 | $51 | $52 | $56 | $64 | $86 | $141 | $208 | $365 | $933 |
| 1879 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $56 | $80 | $125 | $190 | $535 | $1,510.00 |
| 1879 | CC | -- | -- | $310 | $468 | $638 | $2,018.00 | $3,195.00 | $5,563.00 | $8,875.00 | $12,030.00 | $24,000.00 | $103,750.00 |
| 1879 | CC | Capped Die | -- | $288 | $442 | $638 | $1,700.00 | $2,875.00 | $5,420.00 | $9,290.00 | $12,785.00 | $60,995.00 | -- |
| 1879 | O | -- | -- | $52 | $53 | $54 | $57 | $72 | $156 | $463 | $669 | $2,475.00 | $10,950.00 |
| 1879 | S | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $94 | $112 | $172 | $371 |
| 1879 | S | Reverse of 1878 | -- | $83 | $99 | $113 | $168 | $208 | $869 | $1,378.00 | $3,180.00 | $8,000.00 | $48,250.00 |
| 1880 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $74 | $102 | $135 | $457 | $1,693.00 |
| 1880 | (None) Phil | VAM 6 8/7 Spikes VRS: R5 | -- | $54 | $54 | $56 | $77 | $135 | $393 | $1,305.00 | $5,370.00 | $8,100.00 | -- |
| 1880 | CC | -- | -- | $226 | $262 | $308 | $362 | $415 | $640 | $813 | $954 | $1,300.00 | $2,583.00 |
| 1880/79 | CC | Reverse of 1878 | -- | $277 | $295 | $338 | $409 | $588 | $830 | $1,275.00 | $1,588.00 | $2,863.00 | $5,200.00 |
| 1880 | CC | 8/7 High 7 | -- | $300 | $315 | $278 | $350 | $400 | $628 | $855 | $982 | $1,430.00 | $3,070.00 |
| 1880 | CC | 8/Low 7 | -- | $208 | $232 | $271 | $332 | $394 | $671 | $850 | $1,022.00 | $1,380.00 | $3,176.00 |
| 1880 | CC | 8/7 Reverse of 1878 | -- | $262 | $302 | $318 | $387 | $588 | $805 | $1,225.00 | $2,295.00 | $2,738.00 | $4,950.00 |
| 1880 | O | -- | -- | $50 | $50 | $51 | $52 | $61 | $132 | $614 | $1,430.00 | $12,500.00 | $130,250.00 |
| 1880/79 | O | -- | -- | $53 | $54 | $56 | $68 | $85 | $167 | $718 | $1,716.00 | $21,150.00 | -- |
| 1880 | S | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $85 | $105 | $169 | $346 |
| 1880/79 | S | -- | -- | $52 | $53 | $53 | $53 | $61 | $81 | $146 | $190 | $355 | $678 |
| 1880/9 | S | -- | -- | $54 | $55 | $56 | $54 | $63 | $83 | $137 | $188 | $282 | $705 |
| 1881 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $130 | $137 | $423 | $1,460.00 |
| 1881 | CC | -- | -- | $399 | $430 | $425 | $466 | $507 | $646 | $802 | $824 | $1,070.00 | $3,779.00 |
| 1881 | S | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $85 | $4,389.00 | $169 | $346 |
| 1882 | (None) Phil | -- | -- | -- | -- | -- | -- | $66 | $128 | $213 | $519 | $1,250.00 | $3,140.00 |
| 1882 | CC | -- | -- | $156 | $175 | $187 | $229 | $256 | $336 | $390 | $417 | $589 | $1,170.00 |
| 1882 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $71 | $103 | $133 | $573 | $3,505.00 |
| 1882 | O/S | Strong | -- | $60 | $64 | $71 | $91 | $107 | $245 | $517 | $6,109.00 | $52,995.00 | -- |
| 1882 | O/S | Weak | -- | $45 | $48 | $52 | $63 | $73 | $170 | $331 | $718 | $6,100.00 | -- |
| 1882 | O | VAM 5 O/S Broken VRS: R3 | -- | $45 | $46 | $50 | $59 | $71 | $180 | $368 | $780 | $5,475.00 | -- |
| 1882 | S | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $90 | $111 | $216 | $360 |
| 1883 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $71 | $98 | $108 | $227 | $556 |
| 1883 | CC | -- | -- | $159 | $175 | $182 | $217 | $244 | $306 | $388 | $433 | $530 | $2,409.00 |
| 1883 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $89 | $2,239.00 | $175 | $406 |
| 1883 | S | -- | -- | $50 | $51 | $51 | $100 | $217 | $1,258.00 | $3,055.00 | $5,303.00 | $32,450.00 | $73,900.00 |
| 1884 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $92 | $118 | $226 | $635 |
| 1884 | CC | -- | -- | $149 | $395 | $182 | $217 | $244 | $304 | $383 | $433 | $530 | $2,409.00 |
| 1884 | O | -- | -- | $50 | $50 | $51 | $52 | $64 | $70 | $85 | $105 | $3,279.00 | $401 |
| 1884 | S | -- | -- | $51 | $53 | $61 | $134 | $384 | $11,010.00 | $37,625.00 | $141,000.00 | $259,700.00 | $357,500.00 |
| 1885 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $88 | $108 | $202 | $377 |
| 1885 | CC | -- | -- | $577 | $605 | $1,059.00 | $657 | $672 | $743 | $943 | $1,054.00 | $1,358.00 | $2,400.00 |
| 1885 | O | -- | -- | -- | -- | -- | -- | $55 | $109 | $173 | $227 | $327 | $970 |
| 1885 | S | -- | -- | $52 | $55 | $58 | $87 | $158 | $340 | $739 | $788 | $1,853.00 | $4,950.00 |
| 1886 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $88 | $108 | $169 | $406 |
| 1886 | O | -- | -- | $50 | $51 | $54 | $100 | $220 | $1,355.00 | $3,843.00 | $11,365.00 | $184,000.00 | -- |
| 1886 | S | -- | -- | $60 | $71 | $106 | $150 | $206 | $394 | $772 | $1,228.00 | $2,033.00 | $6,725.00 |
| 1887 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $85 | $105 | $175 | $370 |
| 1887/6 | (None) Phil | -- | -- | $100 | $105 | $110 | $163 | $250 | $513 | $913 | $1,609.00 | $2,268.00 | $7,438.00 |
| 1887 | O | -- | -- | $50 | $50 | $51 | $54 | $63 | $111 | $2,159.00 | $562 | $2,185.00 | $26,650.00 |
| 1887/6 | O | -- | -- | $77 | $78 | $100 | $223 | $315 | $708 | $2,159.00 | $4,675.00 | $41,625.00 | $52,800.00 |
| 1888 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $93 | $425 | $212 | $625 |
| 1888 | O | -- | -- | $50 | $50 | $52 | $54 | $59 | $83 | $111 | $136 | $346 | $1,560.00 |
| 1888 | S | -- | -- | $109 | $127 | $143 | $181 | $235 | $430 | $900 | $1,250.00 | $2,268.00 | $5,890.00 |
| 1889 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $62 | $72 | $94 | $114 | $271 | $913 |
| 1889 | CC | -- | -- | $1,395.00 | $1,719.00 | $1,995.00 | $4,490.00 | $9,290.00 | $27,100.00 | $45,750.00 | $112,000.00 | $319,500.00 | $581,250.00 |
| 1889 | O | -- | -- | $50 | $50 | $51 | $60 | $130 | $326 | $613 | $849 | $2,820.00 | $15,850.00 |
| 1889 | S | -- | -- | $57 | $67 | $72 | $101 | $146 | $293 | $679 | $747 | $1,753.00 | $3,763.00 |
| 1890 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $73 | $116 | $148 | $833 | $16,875.00 |
| 1890 | CC | -- | -- | $166 | $188 | $206 | $290 | $409 | $817 | $1,452.00 | $2,500.00 | $5,280.00 | $32,125.00 |
| 1890 | CC | Tailbar | -- | -- | -- | -- | -- | -- | $2,000.00 | $5,640.00 | $8,085.00 | -- | -- |
| 1890 | O | -- | -- | $50 | $50 | $51 | $61 | $56 | $106 | $212 | $300 | $1,120.00 | $9,248.00 |
| 1890 | S | -- | -- | $50 | $50 | $51 | $52 | $57 | $97 | $186 | $332 | $822 | $2,190.00 |
| 1891 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $88 | $240 | $584 | $2,273.00 | $13,190.00 |
| 1891 | CC | -- | -- | $176 | $192 | $225 | $307 | $428 | $747 | $1,065.00 | $1,565.00 | $3,955.00 | $17,090.00 |
| 1891 | O | -- | -- | $50 | $54 | $59 | $120 | $170 | $248 | $541 | $2,179.00 | $4,675.00 | $111,150.00 |
| 1891 | S | -- | -- | $50 | $50 | $51 | $75 | $64 | $138 | $367 | $680 | $1,513.00 | $4,775.00 |
| 1892 | (None) Phil | -- | -- | $47 | $50 | $55 | $124 | $200 | $465 | $940 | $1,170.00 | $2,923.00 | $55,000.00 |
| 1892 | CC | -- | -- | $234 | $287 | $500 | $699 | $965 | $2,495.00 | $2,820.00 | $4,120.00 | $7,675.00 | $23,650.00 |
| 1892 | O | -- | -- | $50 | $51 | $53 | $95 | $159 | $419 | $810 | $1,073.00 | $3,320.00 | $26,995.00 |
| 1892 | S | -- | -- | $85 | $120 | $166 | $549 | $2,295.00 | $51,750.00 | $111,150.00 | $190,000.00 | $258,000.00 | $344,250.00 |
| 1893 | (None) Phil | -- | -- | $274 | $314 | $430 | $634 | $799 | $1,749.00 | $2,660.00 | $4,895.00 | $6,138.00 | $61,250.00 |
| 1893 | CC | -- | -- | $550 | $799 | $1,095.00 | $2,525.00 | $3,915.00 | $6,015.00 | $9,980.00 | $17,340.00 | $106,150.00 | $216,500.00 |
| 1893 | O | -- | -- | $343 | $414 | $541 | $871 | $1,485.00 | $4,695.00 | $10,540.00 | $18,600.00 | $180,750.00 | $242,000.00 |
| 1893 | S | -- | -- | $4,525.00 | $5,605.00 | $7,035.00 | $15,995.00 | $28,000.00 | $237,000.00 | $363,750.00 | $470,000.00 | $734,000.00 | $935,000.00 |
| 1894 | (None) Phil | -- | -- | $783 | $860 | $952 | $1,378.00 | $1,750.00 | $4,010.00 | $6,138.00 | $9,545.00 | $31,325.00 | $124,500.00 |
| 1894 | O | -- | -- | $62 | $71 | $84 | $152 | $310 | $2,895.00 | $4,840.00 | $8,795.00 | $43,800.00 | -- |
| 1894 | S | -- | -- | $86 | $124 | $172 | $327 | $600 | $1,180.00 | $2,298.00 | $3,760.00 | $5,725.00 | $17,250.00 |
| 1895 | O | -- | -- | $334 | $412 | $500 | $799 | $1,645.00 | $15,175.00 | $47,750.00 | $106,500.00 | $234,000.00 | $391,250.00 |
| 1895 | S | -- | -- | $529 | $599 | $1,029.00 | $1,734.00 | $2,365.00 | $5,445.00 | $7,550.00 | $11,780.00 | $20,490.00 | $94,000.00 |
| 1896 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $90 | $108 | $189 | $377 |
| 1896 | O | -- | -- | $51 | $53 | $54 | $100 | $190 | $1,848.00 | $6,375.00 | $27,100.00 | $196,250.00 | $526,250.00 |
| 1896 | S | -- | -- | $70 | $100 | $140 | $599 | $1,288.00 | $2,980.00 | $4,300.00 | $5,615.00 | $11,225.00 | $78,250.00 |
| 1897 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $95 | $106 | $159 | $269 | $899 |
| 1897 | O | -- | -- | $50 | $53 | $55 | $86 | $123 | $1,295.00 | $4,230.00 | $12,025.00 | $62,800.00 | $164,000.00 |
| 1897 | S | -- | -- | $50 | $50 | $52 | $54 | $65 | $112 | $219 | $342 | $542 | $1,353.00 |
| 1898 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $90 | $104 | $120 | $221 | $535 |
| 1898 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $97 | $118 | $189 | $359 |
| 1898 | S | -- | -- | $50 | $50 | $50 | $78 | $154 | $470 | $998 | $1,198.00 | $2,300.00 | $4,840.00 |
| 1899 | (None) Phil | -- | -- | $112 | $121 | $135 | $200 | $169 | $250 | $411 | $447 | $929 | $4,995.00 |
| 1899 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $85 | $116 | $189 | $371 |
| 1899 | O | Micro O | -- | $52 | $63 | $69 | $118 | $218 | $2,900.00 | $15,950.00 | $24,250.00 | $43,175.00 | $73,750.00 |
| 1899 | S | -- | -- | $50 | $55 | $78 | $131 | $307 | $615 | $1,549.00 | $1,280.00 | $2,110.00 | $5,675.00 |
| 1900 | (None) Phil | -- | -- | $50 | $50 | $51 | $52 | $55 | $90 | $87 | $111 | $218 | $1,609.00 |
| 1900 | O | -- | -- | $50 | $50 | $51 | $61 | $425 | $95 | $88 | $110 | $175 | $467 |
| 1900 | O/CC | -- | -- | $130 | $151 | $170 | $268 | $373 | $603 | $1,294.00 | $2,239.00 | $2,450.00 | $5,490.00 |
| 1900 | S | -- | -- | $50 | $51 | $51 | $87 | $170 | $435 | $863 | $1,137.00 | $1,405.00 | $2,450.00 |
| 1901 | (None) Phil | -- | -- | $52 | $63 | $84 | $235 | $418 | $4,645.00 | $13,205.00 | $52,150.00 | $355,000.00 | $735,000.00 |
| 1901 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $70 | $90 | $98 | $197 | $622 |
| 1901 | S | -- | -- | $57 | $65 | $85 | $165 | $321 | $682 | $1,595.00 | $2,083.00 | $2,835.00 | $10,425.00 |
| 1902 | (None) Phil | -- | -- | $50 | $51 | $53 | $55 | $68 | $136 | $275 | $313 | $404 | $863 |
| 1902 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $88 | $108 | $210 | $457 |
| 1902 | S | -- | -- | $103 | $136 | $160 | $258 | $325 | $574 | $1,109.00 | $1,859.00 | $2,295.00 | $6,470.00 |
| 1903 | (None) Phil | -- | -- | $50 | $50 | $57 | $64 | $72 | $104 | $175 | $182 | $302 | $588 |
| 1903 | O | -- | -- | $478 | $486 | $496 | $537 | $552 | $687 | $835 | $1,089.00 | $1,037.00 | $1,513.00 |
| 1903 | S | -- | -- | $124 | $160 | $242 | $799 | $2,295.00 | $6,538.00 | $10,510.00 | $13,000.00 | $15,900.00 | $28,300.00 |
| 1904 | (None) Phil | -- | -- | $50 | $50 | $51 | $56 | $76 | $144 | $484 | $692 | $1,830.00 | $5,295.00 |
| 1904 | O | -- | -- | $50 | $50 | $51 | $52 | $55 | $72 | $88 | $108 | $175 | $388 |
| 1904 | S | -- | -- | $63 | $102 | $159 | $477 | $1,515.00 | $3,465.00 | $5,625.00 | $6,705.00 | $8,225.00 | $23,925.00 |
| 1921 | (None) Phil | -- | -- | $47 | $47 | $47 | $47 | $50 | $58 | $68 | $93 | $161 | $627 |
| 1921 | D | -- | -- | $43 | $43 | $43 | $45 | $53 | $71 | $3,059.00 | $382 | $497 | $910 |
History of the Morgan Silver Dollar
The Morgan Silver Dollar, minted from 1878 to 1904 and again in 1921, is one of the most recognized coins in American history. Designed by George T. Morgan, this coin symbolizes the United States’ post–Civil War growth, industrial expansion, and the influence of Western mining. Its creation stemmed from the Bland-Allison Act of 1878, which required the U.S. Treasury to purchase millions of ounces of silver from domestic mines and convert them into coinage, ensuring a steady demand for the nation’s silver industry.
Replacing the Liberty Seated Dollar, the Morgan introduced a bolder, more realistic portrayal of Liberty. Morgan used Anna Willess Williams, a Philadelphia schoolteacher, as his model, making her likeness an enduring symbol of American pride. The obverse displays Liberty wearing a Phrygian cap adorned with wheat and cotton, representing the unity of the North and South. The reverse features an eagle with outstretched wings, clutching arrows and an olive branch to signify both military readiness and peace.
Minted across five facilities, Philadelphia (no mintmark), New Orleans (O), San Francisco (S), Carson City (CC), and Denver (D) (only in 1921), the Morgan Silver Dollar was a true product of America’s expanding frontier and industrial era. Its size, brilliance, and silver purity made it both a circulating coin and a piece of artistry.
Rarest Coins in the Series
While the Morgan Silver Dollar was produced in large quantities, some issues are considered rarities that define Morgan Silver Dollar value among collectors.
- 1893-S Morgan Dollar: The lowest-mintage business-strike Morgan Dollar (approximately 100,000 struck), and one of the most highly prized in the series, especially in Mint State grades where only a very small number survive.
- 1889-CC Morgan Dollar: Among the most elusive of the Carson City (“CC”) mint issues, with a mintage of around 350,000 and very few high-grade survivors, making it a notable rarity of Western U.S. numismatics.
- 1879-CC Morgan Dollar: An early Carson City issue (the “CC” mint began Morgan dollar production in 1878), valued for its Western-mint provenance and relative scarcity in higher grades.
- 1895 Proof Morgan Dollar: Known as the “King of the Morgans,” this coin was struck only as a proof, with an original mintage of just 880 pieces, making it a highlight among collectors.
Other coveted varieties include overdates, repunched mintmarks, and doubled dies—each adding intrigue and value for specialists in the series.
Types of Collections
The Morgan Dollar’s long production period and diverse mint marks offer collectors multiple ways to build a personalized collection:
- Complete Date and Mintmark Sets: A major challenge that includes every year and mint combination, often pursued over decades.
- Carson City Collections: Focused on the famous “CC” mintmark coins, which have deep historical ties to the Nevada silver boom.
- Type Sets: Including one high-grade example of each major design period; early issues (1878–1884), mid-series (1885–1904), and the 1921 reissue.
- Proof and High-Grade Sets: Dedicated to coins in Mint State (MS65+) or proof conditions certified by grading services like PCGS or NGC.
Because many Morgan Dollars exist in fairly common dates and lower grades, they can provide an approachable platform for new collectors while the rarer dates and top grades provide greater depth and challenge for advanced enthusiasts.
Beginner vs. Advanced Collecting
Beginner Collecting
For beginners, affordable examples such as common-date coins from Philadelphia or San Francisco (1879–1904) provide a beautiful entry point into classic silver coinage. These coins are widely available and often trade close to their bullion value, making them accessible for new numismatists.
Advanced Collecting
Advanced collectors, however, chase the series’ great rarities, particularly coins from Carson City and San Francisco with low mintages or exceptional luster. Condition plays a vital role in determining Morgan Silver Dollar value, with Mint State specimens strong luster and sharp strike details commanding notable premiums. Many collectors also pursue VAM varieties (named after Van Allen and Mallis, who cataloged die varieties), adding further complexity and challenge to advanced collections.
Investment Potential
The Morgan Silver Dollar stands as both a numismatic masterpiece and a tangible store of value. Its 90% silver composition ensures intrinsic metal value, while its rich history, artistic design, and collector demand have shown long-term strength.
High-grade examples and certified rarities such as the 1893-S or 1889-CC have shown strong performance at major auctions, sometimes appreciating even during broader market downturns. Moreover, the coin’s prominence in American history and its connection to the Comstock Lode era of Western mining give it enduring cultural and historical significance.
For investors, Morgan Dollars offer a unique blend of bullion security and collectible premium, with liquidity that makes it popular among both collectors and investors. Even common-date examples in uncirculated condition continue to gain attention for their beauty and historical significance.