The Morgan Silver Dollar series holds a legendary status in American numismatic history. Renowned for its intricate design, historical relevance, and enduring appeal, these coins are cherished by collectors and investors alike. Minted between 1878 and 1904, with a final production in 1921, they are named after their designer, George T. Morgan. Over time, well-preserved Morgan Dollars have become highly sought after, with certain issues commanding significant premiums. Below, we explore the 13 most valuable Morgan Silver Dollars and the factors behind their popularity.
Top 13 Most Valuable Morgan Silver Dollars
1. 1889-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Estimated Value: $300,000+
The 1889-CC Morgan Dollar is one of the rarest coins in the series due to its low mintage. Its scarcity makes it highly valuable, particularly in excellent condition, where auction prices can exceed $300,000.
2. 1893-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Estimated Value: $500,000+
Regarded as the most valuable Morgan Dollar, the 1893-S was minted in extremely limited numbers. Pristine specimens are a collector’s dream and often sell for over half a million dollars.
3. 1901 Morgan Dollar
- Mint Mark: None
- Estimated Value: $250,000+
While common in lower grades, high-grade 1901 Morgan Dollars are extremely rare. In uncirculated condition, they can fetch up to $250,000 or more.
4. 1884-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Estimated Value: $250,000+
While relatively common in circulated grades, finding an 1884-S in excellent condition is exceptionally rare. Such coins can sell for a quarter of a million dollars.
5. 1895 Morgan Dollar
- Mint Mark: None
- Estimated Value: $200,000+
Dubbed the “King of Morgan Dollars,” the 1895 issue is rare in both circulation and proof strikes. High-quality examples command premium prices due to their desirability among collectors.
6. 1892-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Estimated Value: Thousands of dollars
Low-mintage 1892-S Morgan Dollars are scarce in high grades, making them prized collectibles.
7. 1886-O Morgan Dollar
- Mint Mark: New Orleans (O)
- Estimated Value: Significant premium in high grades
Although more common in lower grades, the 1886-O becomes extremely valuable when found in pristine condition.
8. 1880-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Estimated Value: $100,000+
Carson City mint coins are consistently valuable due to their low production, and the 1880-CC is no exception, achieving six-figure values in top condition.
9. 1894 Morgan Dollar
- Mint Mark: None
- Estimated Value: High demand among collectors
The low-mintage 1894 Morgan Dollar remains a highly sought-after piece, with significant value even in average condition.
10. 1885-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Estimated Value: Notable in high grades
This Carson City coin is another collector favorite, valued for its historical significance and rarity in uncirculated condition.
11. 1896-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Estimated Value: Highly valuable in excellent condition
The 1896-S is challenging to find in high grades, commanding significant premiums when preserved well.
12. 1904-O Morgan Dollar
- Mint Mark: New Orleans (O)
- Estimated Value: Strong value in high grades
Minted near the end of the series, the 1904-O has both historical significance and rarity, driving its value among collectors.
13. 1881-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Estimated Value: $150,000+
Another Carson City treasure, the 1881-CC is a coveted piece due to its low production and importance in American numismatic history.
Value Snapshot of the Top Coins
| Coin Name | Year of Issue | Mint Mark | Estimated Value |
|---|---|---|---|
| 1889-CC Morgan Dollar | 1889 | CC | $300,000+ |
| 1893-S Morgan Dollar | 1893 | S | $500,000+ |
| 1901 Morgan Dollar | 1901 | None | $250,000+ |
| 1884-S Morgan Dollar | 1884 | S | $250,000+ |
| 1895 Morgan Dollar | 1895 | None | $200,000+ |
| 1880-CC Morgan Dollar | 1880 | CC | $100,000+ |
| 1881-CC Morgan Dollar | 1881 | CC | $150,000+ |
Why Morgan Silver Dollars Remain Popular
- Historical Significance
Morgan Dollars capture a pivotal era in American history, making them highly appealing to collectors who value their cultural and economic story. - Intricate Design
George T. Morgan’s design is celebrated for its artistic merit, featuring Lady Liberty on the obverse and a majestic eagle on the reverse. - Scarcity and Condition
Many Morgan Dollars are rare, particularly in high grades. Collectors appreciate their challenge and potential for value appreciation.
Morgan Silver Dollars are much more than coins; they are pieces of history, art, and investment potential. Whether you are a collector or an investor, these iconic coins hold an enduring allure, making them a cornerstone of American numismatics.
FAQ:
Q. What makes a Morgan Silver Dollar valuable?
Factors such as rarity, mint mark, condition, and collector demand determine the value of a Morgan Dollar. Specific years with low mintage or exceptional preservation are especially prized.
Q. Which is the rarest Morgan Silver Dollar?
The 1893-S Morgan Dollar is considered the rarest and most valuable, often exceeding $500,000 in pristine condition.
Q. How can I determine the grade of my Morgan Dollar?
Professional grading services like PCGS or NGC evaluate a coin’s condition and assign it a grade on a scale from MS-60 (average) to MS-70 (perfect).
Q. Are Morgan Dollars a good investment?
Well-preserved Morgan Dollars with historical and numismatic significance can be excellent investments, particularly those with rarity and high-grade certification.
