Morgan silver dollars are regarded as a very historic and important coin series in American numismatic history. Known for their peculiar design, historical basis, and relative scarcity, Morgan silver dollars occupy an important niche in the United States. They were minted between 1878 and 1904, with a tiny run in 1921. They are named after designer George T. Morgan, and these are the pieces still very much in demand by collectors. Gradually, most Morgan dollar coins became of high value, especially if preserved in a good condition. Let’s discuss the 13 most precious Morgan dollar silver coins and outline why the coins remain so popular with collectors.
Top 13 Most Valuable Morgan Silver Dollars
1. 1889-CC Morgan Dollar
The Carson City Mint produced 1889-CC Morgan dollar coins in low mintage quantities, making them one of the rarest coins in this series. Such scarcity, as well as the value of the coins, makes these dollars exceed $300,000 especially when they find themselves in excellent condition.
2. 1893-S Morgan Dollar
The tiny mintage of 1893-S Morgan Dollar coins in the San Francisco Mint is highly valuable. Such coins are said to fetch above $500,000 on auction under good conditions.
3. 1901 Morgan Dollar
While 1901 Morgan Dollars are pretty common in low grades, the coin becomes much more valuable in high grades as it is much rarer in condition. In good condition, this coin can sell for up to $250,000.
4. 1884-S Morgan Dollar
Another rare coin is the 1884-S Morgan Dollar that rarely sees the light of day in high grades. In low condition, this coin is very common, yet it can sell for up to $250,000 if it is in good condition.
5. 1895 Morgan Dollar
Nicknamed the “King of Morgan Dollars,” the 1895 Morgan Dollar is pretty rare in certified or even regular processing. It’s a collector’s item, and superior quality examples may sell for up to $200,000.
6. 1892-S Morgan Dollar
Another popular specimen among collectors is the low-mintage 1892-S Morgan Dollar, especially in high grades. Good condition specimens are scarce and can achieve thousands of dollars.
7. 1886-O Morgan Dollar
The New Orleans Mint’s 1886-O Morgan Dollar is relatively common in low grades but virtually impossible to find in high grades, because this coin is extremely scarce. High-grade examples sell for a pretty penny, given how rare this coin is.
8. 1880-CC Morgan Dollar
The 1880-CC Morgan Dollar is highly desired because it is from the Carson City Mint and was made in such a low mintage. In high grade, the coin can bring prices well over $100,000 easily.
9. 1894 Morgan Dollar
A low-mintage issue that was in high demand among collectors, the 1894 Morgan Dollar can bring top dollar in its fine or even average condition.
10. 1885-CC Morgan Dollar
Only the most discerning of collectors and dealers have an eye for this coin because it is from the Carson City Mint. For its low mintage, this coin can very well be sold at a good price if still in good condition.
11. 1896-S Morgan Dollar
The 1896-S Morgan Dollar coin is rare in high grades, making it highly valuable to coin collectors. Examples in excellent condition can command significant price gains.
12. 1904-O Morgan Dollar
The 1904-O Morgan Dollar coin typifies historical importance from the time when this series was temporarily reaching its end. In high grades, it’s very valuable just because it’s rare and of historical value.
13. 1881-CC Morgan Dollar
The 1881-CC Morgan Dollar coin is valuable due to the historical importance and low mintage count that runs under the Carson City Mint. High-quality examples reap a lot in terms of price from the collector’s pocket.
| 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+ |
Conclusion
The Morgan Silver Dollar coin is more than a coin-it is part and parcel of American heritage. This makes the coins of that time very much in demand among collectors due to their uniqueness, rarity, and historical value. Some of these pieces can fetch millions of dollars; their potential is higher if perfectly preserved. If you are one of those owners of this rare Morgan Silver Dollar, then it’s high time for you to consider that as an invaluable family heirloom.
FAQs
1. What makes a Morgan Silver Dollar valuable?
The value of a Morgan Silver Dollar is determined by factors like rarity, condition, mint mark, and demand among collectors. Certain years and mint marks are more scarce, making them worth thousands, especially in uncirculated or high-grade condition.
2. Which Morgan Silver Dollar is the most valuable?
The 1893-S Morgan Silver Dollar is widely regarded as the most valuable. Due to its low mintage and high demand, specimens in excellent condition can fetch several thousand dollars, with some rare examples reaching over $100,000.
3. What is the difference between an MS-60 and MS-65 Morgan Silver Dollar?
MS-60 indicates a coin with noticeable wear and defects, while MS-65 represents a coin in excellent condition with sharp details and minimal imperfections. Higher-grade coins like MS-65 are typically worth much more than MS-60 coins.
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