Morgan Silver Dollar Values
How Much Morgan Silver Dollar
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1866 | O | -- | -- | $39 | $44 | $50 | $100 | $149 | $1,795 | $3,705 | $11,530 | $208,500 | -- |
| 1866 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $55 | $67 | $549 | $100 | $168 | $406 |
| 1878 | (None) Phil | 8TF | -- | $68 | $76 | $84 | $112 | $151 | $265 | $499 | $652 | $2,368 | $5,090 |
| 1878 | S | -- | -- | $40 | $44 | $47 | $53 | $59 | $84 | $150 | $222 | $385 | $933 |
| 1878 | (None) Phil | 7/8TF Strong | -- | $53 | $59 | $66 | $85 | $120 | $330 | $559 | $639 | $2,490 | $9,100 |
| 1878 | CC | -- | -- | $180 | $200 | $205 | $280 | $330 | $442 | $625 | $835 | $2,053 | $68,495 |
| 1878 | (None) Phil | 7TF Reverse of 1879 | -- | $42 | $45 | $51 | $60 | $107 | $218 | $418 | $711 | $1,955 | $6,115 |
| 1878 | (None) Phil | 7TF Reverse of 1878 | -- | $43 | $46 | $54 | $65 | $78 | $120 | $215 | $313 | $637 | $2,933 |
| 1879 | (None) Phil | -- | -- | $38 | $41 | $43 | $50 | $68 | $80 | $125 | $190 | $508 | $1,605 |
| 1879 | CC | -- | -- | $310 | $468 | $638 | $2,095 | $3,400 | $5,563 | $8,875 | $11,354 | $24,000 | $103,750 |
| 1879 | CC | Capped Die | -- | $288 | $442 | $638 | $1,700 | $2,875 | $5,420 | $8,960 | $13,088 | $60,995 | -- |
| 1879 | O | -- | -- | $43 | $45 | $47 | $75 | $90 | $156 | $463 | $669 | $2,475 | $10,950 |
| 1879 | S | -- | -- | $38 | $40 | $41 | $44 | $65 | $65 | $94 | $107 | $171 | $364 |
| 1879 | S | Reverse of 1878 | -- | $79 | $95 | $109 | $163 | $205 | $949 | $1,428 | $4,839 | $8,880 | $48,250 |
| 1880/9 | S | -- | -- | $40 | $42 | $44 | $50 | $60 | $78 | $132 | $188 | $282 | $680 |
| 1880/79 | S | -- | -- | $39 | $42 | $45 | $51 | $56 | $150 | $163 | $202 | $342 | $719 |
| 1880 | S | -- | -- | $38 | $40 | $41 | $44 | $49 | $65 | $80 | $100 | $168 | $346 |
| 1880/79 | O | -- | -- | $44 | $46 | $52 | $64 | $84 | $167 | $718 | $1,716 | $21,150 | -- |
| 1880 | CC | 8/7 Reverse of 1878 | -- | $262 | $302 | $318 | $387 | $588 | $805 | $1,225 | $1,688 | $2,738 | $4,950 |
| 1880 | O | -- | -- | $38 | $40 | $41 | $44 | $60 | $132 | $560 | $1,430 | $13,000 | $130,250 |
| 1880 | CC | 8/Low 7 | -- | $208 | $232 | $271 | $332 | $394 | $671 | $850 | $1,047 | $1,380 | $3,401 |
| 1880 | CC | 8/7 High 7 | -- | $300 | $315 | $278 | $350 | $400 | $628 | $838 | $954 | $1,375 | $3,258 |
| 1880/79 | CC | Reverse of 1878 | -- | $277 | $295 | $338 | $409 | $588 | $830 | $1,300 | $1,588 | $2,863 | $5,200 |
| 1880 | CC | -- | -- | $226 | $262 | $308 | $362 | $415 | $640 | $801 | $954 | $1,300 | $2,808 |
| 1880 | (None) Phil | VAM 6 8/7 Spikes VRS: R5 | -- | $40 | $44 | $53 | $77 | $135 | $393 | $1,305 | $5,370 | $8,100 | -- |
| 1880 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $49 | $70 | $102 | $135 | $469 | $1,693 |
| 1881 | (None) Phil | -- | -- | $38 | $40 | $41 | $60 | $49 | $67 | $130 | $137 | $423 | $1,460 |
| 1881 | CC | -- | -- | $399 | $412 | $425 | $466 | $487 | $621 | $802 | $824 | $1,095 | $1,453 |
| 1881 | S | -- | -- | $38 | $40 | $41 | $50 | $58 | $65 | $80 | $100 | $168 | $346 |
| 1882 | S | -- | -- | $38 | $40 | $41 | $44 | $49 | $80 | $92 | $107 | $227 | $364 |
| 1882 | O | VAM 5 O/S Broken VRS: R3 | -- | $41 | $43 | $48 | $57 | $68 | $180 | $368 | $780 | $5,475 | -- |
| 1882 | O/S | Weak | -- | $41 | $44 | $50 | $61 | $71 | $170 | $331 | $730 | $6,100 | -- |
| 1882 | O/S | Strong | -- | $54 | $58 | $75 | $81 | $105 | $245 | $495 | $1,405 | $52,995 | -- |
| 1882 | O | -- | -- | $38 | $39 | $42 | $46 | $65 | $68 | $99 | $133 | $585 | $3,505 |
| 1882 | (None) Phil | -- | -- | -- | -- | -- | -- | $66 | $128 | $213 | $455 | $1,250 | $2,765 |
| 1882 | CC | -- | -- | $156 | $175 | $187 | $250 | $256 | $329 | $395 | $417 | $614 | $1,170 |
| 1883 | O | -- | -- | $38 | $40 | $41 | $44 | $49 | $67 | $86 | $1,029 | $168 | $389 |
| 1883 | CC | -- | -- | $159 | $175 | $182 | $217 | $244 | $306 | $388 | $433 | $567 | $2,409 |
| 1883 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $63 | $120 | $104 | $115 | $241 | $545 |
| 1883 | S | -- | -- | $39 | $40 | $44 | $100 | $222 | $1,429 | $3,055 | $9,559 | $29,950 | $73,900 |
| 1884 | (None) Phil | -- | -- | $38 | $40 | $41 | $57 | $63 | $95 | $250 | $131 | $251 | $635 |
| 1884 | CC | -- | -- | $149 | $425 | $182 | $217 | $244 | $304 | $383 | $433 | $530 | $1,104 |
| 1884 | O | -- | -- | $38 | $40 | $41 | $45 | $49 | $65 | $80 | $100 | $3,279 | $401 |
| 1884 | S | -- | -- | $39 | $45 | $61 | $140 | $419 | $8,495 | $40,100 | $138,500 | $257,500 | $357,500 |
| 1885 | O | -- | -- | -- | -- | -- | -- | $55 | $109 | $173 | $217 | $314 | $970 |
| 1885 | S | -- | -- | $38 | $42 | $47 | $87 | $200 | $460 | $679 | $788 | $1,928 | $5,075 |
| 1885 | CC | -- | -- | $577 | $605 | $623 | $657 | $672 | $743 | $943 | $1,037 | $1,330 | $2,318 |
| 1885 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $49 | $90 | $83 | $103 | $201 | $383 |
| 1886 | S | -- | -- | $56 | $69 | $105 | $145 | $209 | $560 | $772 | $1,669 | $1,983 | $6,725 |
| 1887 | (None) Phil | -- | -- | $38 | $40 | $41 | $50 | $49 | $65 | $90 | $100 | $173 | $370 |
| 1887/6 | (None) Phil | -- | -- | $100 | $105 | $110 | $163 | $250 | $513 | $913 | $1,178 | $2,268 | $7,438 |
| 1887 | O | -- | -- | $41 | $42 | $44 | $49 | $90 | $117 | $300 | $587 | $2,185 | $26,650 |
| 1887/6 | O | -- | -- | $77 | $78 | $100 | $223 | $315 | $708 | $2,159 | $4,675 | $41,625 | $52,800 |
| 1888 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $49 | $65 | $94 | $425 | $211 | $625 |
| 1888 | O | -- | -- | $38 | $40 | $42 | $75 | $85 | $78 | $99 | $132 | $357 | $1,560 |
| 1888 | S | -- | -- | $109 | $127 | $143 | $181 | $235 | $430 | $914 | $1,250 | $2,268 | $5,890 |
| 1889 | S | -- | -- | $56 | $65 | $72 | $101 | $160 | $302 | $679 | $772 | $1,753 | $3,763 |
| 1889 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $49 | $85 | $89 | $114 | $271 | $913 |
| 1889 | O | -- | -- | $38 | $40 | $45 | $60 | $130 | $337 | $640 | $1,439 | $2,820 | $15,850 |
| 1889 | CC | -- | -- | $1,098 | $1,405 | $2,589 | $4,465 | $9,559 | $27,300 | $43,550 | $100,450 | $319,500 | $581,250 |
| 1890 | (None) Phil | -- | -- | $38 | $40 | $41 | $45 | $52 | $68 | $124 | $148 | $883 | $16,875 |
| 1890 | CC | Tailbar | -- | -- | -- | -- | -- | -- | $2,000 | $5,640 | $8,085 | -- | -- |
| 1890 | O | -- | -- | $38 | $40 | $41 | $44 | $80 | $150 | $235 | $323 | $1,018 | $8,873 |
| 1890 | S | -- | -- | $38 | $40 | $41 | $48 | $60 | $97 | $194 | $332 | $822 | $2,190 |
| 1890 | CC | -- | -- | $170 | $200 | $240 | $290 | $409 | $855 | $1,315 | $2,500 | $5,405 | $32,125 |
| 1891 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $49 | $88 | $370 | $596 | $2,398 | $14,940 |
| 1891 | CC | -- | -- | $176 | $192 | $225 | $307 | $428 | $747 | $1,065 | $1,565 | $3,955 | $17,090 |
| 1891 | O | -- | -- | $38 | $48 | $52 | $120 | $205 | $248 | $553 | $823 | $4,675 | $111,150 |
| 1891 | S | -- | -- | $38 | $40 | $41 | $46 | $64 | $138 | $367 | $587 | $1,513 | $13,495 |
| 1892 | O | -- | -- | $40 | $45 | $49 | $95 | $159 | $419 | $810 | $1,073 | $3,320 | $26,995 |
| 1892 | S | -- | -- | $85 | $120 | $174 | $599 | $2,045 | $48,450 | $111,150 | $190,000 | $251,000 | $305,000 |
| 1892 | CC | -- | -- | $234 | $287 | $500 | $699 | $965 | $1,700 | $2,820 | $4,120 | $7,675 | $21,400 |
| 1892 | (None) Phil | -- | -- | $50 | $45 | $49 | $110 | $285 | $487 | $955 | $1,225 | $2,923 | $50,600 |
| 1893 | CC | -- | -- | $506 | $689 | $949 | $2,495 | $3,765 | $6,015 | $9,540 | $18,825 | $106,150 | $216,500 |
| 1893 | O | -- | -- | $318 | $414 | $533 | $871 | $1,485 | $4,695 | $10,995 | $18,600 | $180,750 | $242,000 |
| 1893 | S | -- | -- | $4,170 | $5,440 | $6,360 | $13,995 | $27,450 | $237,000 | $376,250 | $470,000 | $734,000 | $935,000 |
| 1893 | (None) Phil | -- | -- | $257 | $291 | $416 | $699 | $843 | $1,600 | $2,660 | $3,595 | $6,138 | $61,250 |
| 1894 | (None) Phil | -- | -- | $770 | $1,239 | $952 | $1,378 | $1,750 | $3,835 | $6,110 | $9,545 | $32,075 | $130,000 |
| 1894 | O | -- | -- | $57 | $65 | $100 | $185 | $310 | $1,895 | $5,215 | $8,465 | $47,500 | -- |
| 1894 | S | -- | -- | $82 | $114 | $161 | $313 | $630 | $1,795 | $3,609 | $3,760 | $5,725 | $16,750 |
| 1895 | O | -- | -- | $318 | $406 | $457 | $835 | $1,759 | $14,460 | $48,750 | $106,500 | $261,500 | $391,250 |
| 1895 | S | -- | -- | $462 | $585 | $1,029 | $1,495 | $2,365 | $5,445 | $7,550 | $12,030 | $20,490 | $94,000 |
| 1896 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $60 | $65 | $85 | $108 | $205 | $382 |
| 1896 | O | -- | -- | $41 | $45 | $50 | $100 | $166 | $1,848 | $6,375 | $27,100 | $196,250 | $526,250 |
| 1896 | S | -- | -- | $70 | $100 | $140 | $599 | $1,469 | $2,980 | $4,300 | $5,615 | $11,100 | $78,250 |
| 1897 | S | -- | -- | $37 | $39 | $44 | $49 | $70 | $115 | $230 | $365 | $587 | $1,375 |
| 1897 | (None) Phil | -- | -- | $38 | $40 | $41 | $57 | $49 | $65 | $106 | $172 | $294 | $874 |
| 1897 | O | -- | -- | $40 | $45 | $49 | $80 | $125 | $1,295 | $4,065 | $12,025 | $83,495 | $164,000 |
| 1898 | (None) Phil | -- | -- | $38 | $40 | $41 | $44 | $60 | $85 | $155 | $123 | $221 | $573 |
| 1898 | O | -- | -- | $38 | $40 | $41 | $65 | $49 | $67 | $93 | $123 | $188 | $364 |
| 1898 | S | -- | -- | $38 | $50 | $48 | $85 | $160 | $529 | $998 | $1,223 | $2,190 | $5,090 |
| 1899 | (None) Phil | -- | -- | $112 | $121 | $135 | $148 | $182 | $248 | $400 | $469 | $896 | $2,318 |
| 1899 | O | -- | -- | $38 | $40 | $41 | $44 | $49 | $65 | $80 | $116 | $188 | $377 |
| 1899 | O | Micro O | -- | $45 | $60 | $65 | $118 | $201 | $2,900 | $15,950 | $24,250 | $43,175 | $73,750 |
| 1899 | S | -- | -- | $41 | $49 | $78 | $170 | $307 | $615 | $1,179 | $1,280 | $2,110 | $5,675 |
| 1900 | (None) Phil | -- | -- | $38 | $40 | $41 | $48 | $49 | $85 | $84 | $106 | $216 | $551 |
| 1900 | O | -- | -- | $38 | $40 | $41 | $50 | $49 | $80 | $88 | $105 | $173 | $467 |
| 1900 | O/CC | -- | -- | $130 | $140 | $160 | $268 | $350 | $699 | $1,294 | $1,651 | $2,450 | $5,655 |
| 1900 | S | -- | -- | $38 | $42 | $47 | $87 | $200 | $435 | $863 | $1,137 | $1,405 | $2,450 |
| 1901 | S | -- | -- | $54 | $59 | $86 | $170 | $321 | $719 | $1,510 | $2,083 | $2,960 | $10,425 |
| 1901 | O | -- | -- | $38 | $40 | $41 | $57 | $49 | $65 | $89 | $98 | $195 | $622 |
| 1901 | (None) Phil | -- | -- | $50 | $70 | $90 | $250 | $539 | $4,495 | $11,785 | $46,750 | $355,000 | $652,500 |
| 1902 | (None) Phil | -- | -- | $38 | $41 | $43 | $57 | $68 | $136 | $360 | $313 | $404 | $863 |
| 1902 | O | -- | -- | $38 | $40 | $41 | $44 | $49 | $67 | $83 | $103 | $209 | $473 |
| 1902 | S | -- | -- | $103 | $136 | $160 | $280 | $325 | $574 | $1,109 | $1,859 | $2,295 | $6,470 |
| 1903 | (None) Phil | -- | -- | $43 | $47 | $54 | $58 | $67 | $99 | $156 | $335 | $302 | $588 |
| 1903 | O | -- | -- | $478 | $486 | $496 | $537 | $552 | $829 | $849 | $1,089 | $1,057 | $1,513 |
| 1903 | S | -- | -- | $90 | $160 | $230 | $799 | $2,819 | $6,538 | $10,510 | $13,000 | $15,495 | $28,300 |
| 1904 | (None) Phil | -- | -- | $39 | $41 | $44 | $52 | $71 | $155 | $484 | $692 | $1,830 | $5,295 |
| 1904 | O | -- | -- | $38 | $40 | $41 | $60 | $49 | $67 | $83 | $103 | $194 | $382 |
| 1904 | S | -- | -- | $70 | $100 | $150 | $430 | $1,515 | $3,465 | $5,515 | $6,650 | $8,115 | $31,495 |
| 1921 | (None) Phil | -- | -- | $32 | $34 | $34 | $39 | $43 | $52 | $64 | $979 | $157 | $627 |
| 1921 | D | -- | -- | $32 | $34 | $34 | $265 | $45 | $65 | $178 | $382 | $497 | $3,169 |
Morgan Silver Dollar: The Coin That Defined an Era
Struck from 1878 to 1904 and again in 1921, the Morgan Silver Dollar is one of the most recognizable and widely collected U.S. coins. Designed by George T. Morgan, it emerged during the height of America’s silver boom, fueled by the Bland-Allison Act, which mandated the Treasury purchase large quantities of silver for coinage. Its bold design, rich history, and enduring popularity make the Morgan Dollar a cornerstone of numismatics.
A Bold New Look for the American Dollar
Replacing the Liberty Seated Dollar, the Morgan Dollar introduced a more robust and modern depiction of Lady Liberty, modeled after Philadelphia schoolteacher Anna Willess Williams.
The obverse features a striking left-facing Liberty wearing a Phrygian cap adorned with agricultural motifs, symbolizing unity and prosperity. The reverse showcases a majestic eagle with outstretched wings, clutching arrows in one claw and an olive branch in the other, representing strength and peace.
The coin was struck at five different mints:
- Philadelphia (No Mint Mark)
- New Orleans (O)
- San Francisco (S)
- Carson City (CC) – Highly sought after by collectors
- Denver (D) – Only minted in 1921
Why the Morgan Silver Dollar Remains a Collector’s Favorite
With its substantial silver content, multiple mint marks, and historical significance, the Morgan Silver Dollar is among the most actively collected U.S. coins. Some dates and mintmarks are common, while others—such as those from Carson City—are highly coveted due to their low mintage and ties to the Wild West.
Essential Considerations for Collectors
- Where to Find Them: Widely available at coin shows, online marketplaces, and estate sales, though rare dates are typically found at high-end auctions.
- Desirable Features: Coins with full luster, strong strike details, and minimal bag marks fetch the highest premiums.
- Storage Tips: Due to their size and silver composition, proper storage in air-tight holders or grading service slabs prevents tarnishing and wear.
The Most Desired of Morgan Dollars
One of the most sought-after coins in the series is the 1893-S Morgan Dollar, which boasts the lowest mintage of any regular-issue Morgan. In uncirculated condition, it commands staggering prices, with some specimens selling for six-figure sums at major auctions.
Investment Potential of Morgan Dollars
The Morgan Silver Dollar is one of the most stable and liquid investments in numismatics, thanks to its 90% silver content, collector demand, and historical importance. Key dates and mint-state examples have consistently risen in value, making them a reliable addition to investment portfolios.
Key Dates and Coveted Varieties
Among the most important issues in the series are:
- 1879-CC Morgan Dollar – A rare Carson City issue, prized by Old West enthusiasts.
- 1889-CC Morgan Dollar – The key date for the Carson City series.
- 1893-S Morgan Dollar – The lowest-mintage business strike, a true rarity.
- Notable Errors: Look for double dies, overdates, and misaligned dies, which can increase a coin’s desirability.
George T. Morgan’s Enduring Legacy
Morgan’s iconic design not only defined the Gilded Age of American coinage but was so revered that it was resurrected for the 2021 commemorative Morgan Dollar series. His ability to blend realism and symbolism ensures this design remains one of the most celebrated in U.S. numismatic history.
A Dollar That Stands the Test of Time
Whether you’re an investor, historian, or passionate collector, the Morgan Silver Dollar offers something for everyone. Its rich backstory, stunning design, and historical significance ensure its status as one of the most treasured American coins. Owning one is not just about acquiring silver—it’s about holding a piece of a bygone era, a tangible connection to the past that continues to shine in numismatics.
