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Morgan Silver Dollar

Morgan Silver Dollar

The Morgan Silver Dollar was named after George T. Morgan, the engraver who designed them.  They are consistently popular among collectors, and thus a good investment.

1878 Morgan Dollar     

The obverse side of the Morgan Silver Dollar Coin shows a left-facing Liberty in profile, wearing a liberty cap crowned with a wreath.  The profile is a little more, shall we say, Ruben-esque than many other depictions of Liberty, and is surrounded by stars, the motto “E Pluribus Unum,” and the minting year.  The reverse side of Morgan Silver Dollar Coin shows an eagle, wings outspread, holding arrows and an olive branch in its claws.  It is surrounded by a wreath.  The eagle looks slightly less robust than the heraldic eagles of previous coin designs.

1896 Morgan Dollar

 

It may be said that the Morgan Silver Dollar has had one of the most unstable histories in terms of the esteem and value placed upon it through the years.Its early years were deeply rooted in the legislation lobbied for by silver mine owners, which led to a huge surplus of Morgan Silver Dollar that piled up in the Treasury without ever being circulated.  The government ran out of silver in 1904 and discontinued production, briefly resurrecting it in 1921, only to replace it again with the Peace Dollar.  However, responses to future monetary or metal price crises facilitated the melting down of the Morgan Silver Dollar in order to mint smaller coins, so that only a few Morgan Silver Dollar Coins were left.  However, these now-rare coins remained unpopular with collectors, perhaps due to their connection with the mining lobby.  The government later sold its store of Morgan Silver Dollar Coins, driving down the price.  However, the Morgan Silver Dollar Coin has become popular in recent decades, and may be a good investment, as its price is likely to keep rising.

morgan silver dollar

Morgan Silver Dollar Fair Market Values in U.S. Dollars (1878-1921)

Date/TypeG4VG8F12VF20XF40AU50AU53AU55AU58MS60PR60
(Proof)
1878 8TF$16$20$21$23$26$41$43$46$58$103$1,440
1878 7/8TF Str$17$21$23$26$32$48$53$59$74$113--
1878 7TF$16$17$18$20$23$31$32$35$39$60$1,950
1878 7TF Rev '79$17$18$20$21$24$35$36$39$46$62$13,750
1878 CC$71$85$90$98$104$110$124$138$150$210--
1878 S$16$17$18$20$21$23$24$26$30$46--
1879$16$17$18$20$21$22$23$24$25$34$1,380
*1879 CC$127$167$192$306$700$1,740$1,830$2,070$2,220$3,660--
*1879 CC Cap$127$161$180$318$650$1,650$1,680$1,830$2,100$3,450--
1879 O$16$17$18$20$21$22$28$33$38$70--
1879 S Rev '78$16$17$18$21$23$35$46$55$67$115--
1879 S$16$17$18$20$21$22$23$24$25$34--
1880$16$17$18$20$21$22$23$24$25$34$1,350
*1880 CC Rev '78$109$144$192$222$270$300$312$325$350$540--
*1880 CC$109$144$192$222$270$282$294$300$335$526--
1880 O$16$17$18$20$21$22$23$24$36$55--
1880 S$16$17$18$20$21$22$23$24$25$34--
1881$16$17$18$20$21$22$23$24$25$34$1,350
*1881 CC$230$328$360$380$410$420$425$440$468$490--
1881 O$16$17$18$20$21$22$23$24$25$34--
1881 S$16$17$18$20$21$22$23$24$25$34--
1882$16$17$18$20$21$22$23$24$25$34$1,350
1882 CC$74$85$96$100$104$107$109$113$126$198--
1882 O$16$17$18$20$21$22$23$24$25$34--
1882 O/S$17$18$20$21$23$48$66$88$132$252--
1882 S$16$17$18$20$21$22$23$24$25$34--
1883$16$17$18$20$21$22$23$24$25$34$1,350
1883 CC$69$85$92$97$103$106$108$110$120$192--
1883 O$16$17$18$20$21$22$23$24$25$34$24,000
1883 S$17$18$20$21$32$120$132$168$288$480--
1884$16$17$18$20$21$22$23$24$25$34$1,380
1884 CC$72$86$94$103$114$132$144$150$162$192--
1884 O$16$17$18$20$21$22$23$24$25$34--
1884 S$17$18$21$28$55$240$336$480$1,410$5,530--
1885$16$17$18$20$21$22$23$24$25$34$1,350
*1885 CC$305$414$449$483$518$535$570$582$600$620--
1885 O$16$17$18$20$21$22$23$24$25$34--
1885 S$17$21$26$37$60$110$127$138$156$192--
1886$16$17$18$20$21$22$23$24$25$34$1,320
1886 O$17$18$20$21$30$70$83$150$234$600--
1886 S$29$41$54$76$89$130$150$155$204$270--
1887$16$17$18$20$21$22$23$24$25$34$1,350
1887/6$17$20$40$63$98$138$150$156$215$260--
1887 O$17$17$18$20$22$23$24$25$28$46--
1887/6 O$18$21$48$75$127$178$190$230$360$480--
1887 S$17$18$20$21$22$39$41$45$64$102--
1888$16$17$18$20$21$22$23$24$25$34$1,350
1888 O$16$17$18$20$21$22$23$24$25$34--
1888 S$77$104$155$173$184$198$210$222$246$270--
1889$16$17$18$20$21$22$23$24$25$34$1,380
*1889 CC$518$630$900$1,440$2,750$5,220$6,060$7,310$12,810$21,250--
1889 O$17$18$20$21$23$30$37$45$60$130--
1889 S$29$36$52$60$75$99$107$118$144$192--
1890$17$18$20$21$21$23$24$25$28$34$1,350
1890 CC$74$86$93$106$150$204$216$240$276$390--
1890 O$17$18$19$21$21$23$25$28$32$56--
1890 S$17$18$20$21$22$24$26$29$37$54--
1891$17$18$19$21$22$25$29$32$38$53$1,350
1891 CC$69$84$94$101$135$175$185$198$205$330--
1891 O$17$18$20$21$22$35$38$45$69$130--
1891 S$17$18$20$21$23$24$26$32$41$58--
1892$17$18$20$21$33$66$70$82$96$150$1,350
*1892 CC$127$168$210$282$492$700$740$840$960$1,380--
1892 O$17$18$20$20$31$61$66$82$92$160
1892 S$20$23$35$110$336$1,530$1,770$3,510$11,060$36,250--
*1893$161$180$192$210$252$322$372$396$432$700$1,500
*1893 CC$196$252$324$630$1,290$1,860$2,250$2,400$2,940$3,750--
*1893 O$150$180$222$318$552$840$900$1,020$1,380$1,950--
**1893 S$2,640$3,510$4,200$6,060$9,310$19,060$24,380$27,500$45,630$84,380--
*1894$830$1,150$1,290$1,500$1,650$1,970$2,220$2,470$2,810$3,560$3,300
1894 O$35$47$51$56$107$204$252$312$385$650--
1894 S$41$53$62$93$132$380$450$480$510$620--
***1895 Proof$16,380$18,900$25,800$30,600$34,200$36,000$36,600$37,200$38,400$39,900$39,900
*1895 O$230$293$360$475$630$1,250$1,380$1,750$3,880$16,810--
*1895 S$322$403$480$570$1,010$1,780$1,910$2,220$3,000$3,590--
1896$16$17$18$20$21$22$23$24$25$34$1,320
1896 O$17$18$20$23$33$132$168$216$420$1,260--
1896 S$18$21$33$60$240$760$810$850$990$1,470--
1897$16$17$18$20$21$22$23$24$25$34$1,320
1897 O$17$17$18$21$30$80$126$156$240$720--
1897 S$17$18$20$21$22$24$26$29$32$54--
1898$16$17$18$20$21$22$23$24$25$34$1,380
1898 O$16$17$18$20$21$22$23$24$25$34--
1898 S$17$18$23$32$53$88$91$96$144$230--
*1899$104$144$161$178$196$207$213$230$258$270$1,350
1899 O$16$17$18$20$21$22$23$24$25$34--
1899 S$18$20$24$35$58$104$115$132$180$300--
1900$16$17$18$20$21$22$23$24$25$34$1,320
1900 O$16$17$18$20$21$22$23$24$26$34--
1900 O/CC$25$36$48$64$104$180$198$210$234$300--
1900 S$17$18$20$22$33$69$72$83$150$290--
1901$18$26$33$52$108$270$330$480$940$2,160$1,440
1901 O$17$18$19$20$22$23$24$25$26$34--
1901 S$18$20$23$32$58$180$192$234$270$450--
1902$17$18$19$21$23$24$25$28$33$46$1,320
1902 O$16$17$18$20$21$22$23$24$25$34--
1902 S$40$55$78$150$198$240$270$300$330$360--
1903$25$36$40$43$45$48$51$54$58$67$1,350
*1903 O$253$288$307$336$340$365$374$380$390$400--
1903 S$52$74$100$173$408$1,620$1,920$2,040$2,670$3,660--
1904$17$18$21$23$24$31$35$40$49$76$1,350
1904 O$16$17$18$20$21$23$24$25$28$34--
1904 S$24$33$44$74$222$528$600$720$900$1,160--
1921$14$14$14$15$16$16$16$17$18$24--
1921 D$14$14$14$15$16$17$17$19$24$38--
1921 S$14$14$14$15$16$17$18$20$22$34--

 

Morgan Silver Dollar Coins on eBay