Morgan Silver Dollars are a treasured piece of American history. These iconic coins, minted between 1878 and 1904 and briefly in 1921, are highly sought after by collectors and investors alike.
Known for their stunning design, historical significance, and rarity, certain Morgan Dollars have reached jaw-dropping values.
Let’s dive into the top 13 most valuable Morgan Silver Dollars, their unique stories, and why they hold such appeal.
Why Are Morgan Silver Dollars So Valuable?
Morgan Silver Dollars are named after their designer, George T. Morgan, whose artistry is showcased in Lady Liberty’s elegant profile on the obverse and a soaring eagle on the reverse. But these coins are not just about beauty. Their value stems from:
- Scarcity: Limited mintages make certain issues exceptionally rare.
- Condition: Well-preserved, uncirculated coins are worth significantly more.
- Historical Importance: These coins represent a fascinating period in American history.
The Top 13 Most Valuable Morgan Silver Dollars
1. 1889-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Value: $300,000+
This rare Carson City mint coin is a collector’s dream. With a low mintage, pristine specimens have sold for over $300,000 at auctions.
2. 1893-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Value: $500,000+
The king of Morgan Dollars, the 1893-S is one of the scarcest issues. Uncirculated coins can fetch more than half a million dollars.
3. 1901 Morgan Dollar
- Mint Mark: None
- Value: $250,000+
While more common in lower grades, uncirculated examples of the 1901 Morgan Dollar are incredibly rare and highly valuable.
4. 1884-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Value: $250,000+
The 1884-S is relatively common in circulated condition but becomes extremely rare and valuable when found in near-perfect grades.
5. 1895 Morgan Dollar
- Mint Mark: None
- Value: $200,000+
Nicknamed the “King of Morgan Dollars,” this coin is rare in both circulated and proof versions, making it a collector’s favorite.
6. 1892-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Value: Thousands of dollars
This coin’s low mintage and scarcity in high grades make it a prized piece for collectors.
7. 1886-O Morgan Dollar
- Mint Mark: New Orleans (O)
- Value: Significant premium in top grades
While relatively common in circulated condition, this coin becomes extraordinarily valuable when found in uncirculated condition.
8. 1880-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Value: $100,000+
Carson City coins are renowned for their low production. The 1880-CC is no exception, achieving six-figure values in top condition.
9. 1894 Morgan Dollar
- Mint Mark: None
- Value: High demand among collectors
With its limited mintage, the 1894 Morgan Dollar remains one of the most coveted coins, even in average condition.
10. 1885-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Value: Notable in high grades
Another rare Carson City coin, the 1885-CC, is highly valued for its historical importance and pristine examples.
11. 1896-S Morgan Dollar
- Mint Mark: San Francisco (S)
- Value: Premium in excellent condition
Finding an 1896-S in high grades is challenging, which drives its value significantly among collectors.
12. 1904-O Morgan Dollar
- Mint Mark: New Orleans (O)
- Value: Strong value in top condition
This late-series coin is a favorite due to its historical significance and rarity in excellent condition.
13. 1881-CC Morgan Dollar
- Mint Mark: Carson City (CC)
- Value: $150,000+
The 1881-CC is another standout from Carson City, revered for its low production and historical importance.
Why Collectors Love Morgan Silver Dollars
1. Historical Significance
Morgan Dollars capture a pivotal time in American history, making them fascinating relics for collectors.
2. Artistic Design
George T. Morgan’s intricate depiction of Lady Liberty and the eagle elevates these coins to a level of numismatic artistry.
3. Investment Potential
The rarity and enduring appeal of Morgan Silver Dollars make them a solid investment for collectors and investors alike.
Value Snapshot of the Top Morgan Silver Dollars
| Year | Mint Mark | Estimated Value |
|---|---|---|
| 1889-CC | Carson City | $300,000+ |
| 1893-S | San Francisco | $500,000+ |
| 1901 | None | $250,000+ |
| 1884-S | San Francisco | $250,000+ |
| 1895 | None | $200,000+ |
FAQs
Carson City mint coins often had low production numbers, making them rare and highly desirable among collectors.
Its extremely limited mintage and rarity in uncirculated condition contribute to its high value, often exceeding $500,000.
Factors such as mint mark, condition, and rarity determine the value. Professional coin grading services can help assess its worth.
Use protective coin holders or capsules to prevent damage. Store them in a cool, dry place to maintain their condition.
Yes, they hold historical significance and value appreciation potential, especially rare and high-grade coins.
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