Morgan Dollar Values
Coin Values for Morgan Dollars are Listed Below
Morgan Dollars are a little tougher to give average values for because many dates of Morgan Dollars never circulated in large numbers. Instead, they were sold by the Treasury Department more or less directly to coin collectors. Therefore, the Morgan Dollar values given in this price guide are given in two grades, "average circulated" and "basic uncirculated." Typical examples for both grades are shown in the photos above. If your coin falls somewhere between these two grades, you can still get a good idea of the Morgan Dollar's value by estimating its value between the two given grades. Keep in mind that all of my coin price guides are actual values that coin dealers will pay you for your coins. These are not the inflated retail values that appear in virtually every other online price guide. You won't be disappointed when you go to sell your Morgan Dollars if you use these prices as your guideline.
Morgan Dollars are collected by specialists according to varieties called VAMs. The prices in this guide don't take VAMs into consideration since the majority of them are not worth very much more than the basic coin of that date, but if you'd like to explore Morgan Dollar varieties and check your coins, an outstanding entry-level, low-cost book is the Red Book Guide to U.S. Morgan Dollars. Compare prices.
Morgan Dollar values for common dates and lower grades are strongly tied to the price of silver bullion. The Morgan Dollar prices given here are based on a silver spot price of $18.00 per ounce. The mint mark is on the reverse (tails side), near the bottom, right above the DO in DOLLAR.
Morgan Dollar Values (in U.S. Dollars)
| Date | Circulated Value | Uncirculated Value | Date | Circulated Value | Uncirculated Value | |
| 1878 | 18.00 | 60.00 | 1891-O | 16.50 | 110.00 | |
| 1878-CC | 72.00 | 180.00 | 1891-S | 17.00 | 47.50 | |
| 1878-S | 18.00 | 50.00 | 1892 | 16.00 | 105.00 | |
| 1879 | 17.00 | 31.00 | 1892-CC | 160.00 | 1,280.00 | |
| 1879-CC | 132.00 | 3,200.00 | 1892-O | 16.50 | 122.50 | |
| 1879-O | 16.25 | 62.50 | 1892-S | 18.00 | 26,500.00 | |
| 1879-S | 16.25 | 33.00 | 1893 | 175.00 | 570.00 | |
| 1880 | 16.50 | 31.00 | 1893-CC | 210.00 | 2,875.00 | |
| 1880-CC | 125.00 | 460.00 | 1893-O | 140.00 | 1,800.00 | |
| 1880-O | 16.00 | 20.50 | 1893-S | 3,250.00 | 75,000.00 | |
| 1880-S | 16.00 | 31.00 | 1894 | 1,250.00 | 3,750.00 | |
| 1881 | 16.50 | 30.50 | 1894-O | 42.00 | 445.00 | |
| 1881-CC | 300.00 | 350.00 | 1894-S | 47.00 | 610.00 | |
| 1881-O | 16.00 | 32.00 | 1895* | 16,000.00 | 35,000.00 | |
| 1881-S | 16.50 | 32.00 | 1895-O | 255.00 | 13,850.00 | |
| 1882 | 16.00 | 30.00 | 1895-S | 375.00 | 3,200.00 | |
| 1882-CC | 75.00 | 175.00 | 1896 | 16.00 | 30.00 | |
| 1882-O | 16.00 | 31.00 | 1896-O | 17.25 | 990.00 | |
| 1882-S | 16.50 | 32.00 | 1896-S | 17.50 | 1,500.00 | |
| 1883 | 16.00 | 30.00 | 1897 | 16.00 | 28.00 | |
| 1883-CC | 80.00 | 170.00 | 1897-O | 17.00 | 590.00 | |
| 1883-O | 17.00 | 28.00 | 1897-S | 17.25 | 45.00 | |
| 1883-S | 16.50 | 510.00 | 1898 | 17.00 | 30.00 | |
| 1884 | 16.00 | 29.00 | 1898-O | 17.50 | 32.00 | |
| 1884-CC | 102.50 | 167.50 | 1898-S | 17.25 | 195.00 | |
| 1884-O | 17.00 | 28.00 | 1899 | 132.50 | 250.00 | |
| 1884-S | 17.00 | 4,500.00 | 1899-O | 16.50 | 30.50 | |
| 1885 | 16.00 | 29.50 | 1899-S | 18.00 | 245.00 | |
| 1885-CC | 445.00 | 540.00 | 1900 | 16.25 | 29.50 | |
| 1885-O | 17.00 | 28.00 | 1900-O | 17.00 | 29.50 | |
| 1885-S | 18.00 | 170.00 | 1900-S | 17.00 | 250.00 | |
| 1886 | 16.00 | 26.50 | 1901 | 19.00 | 1,850.00 | |
| 1886-O | 16.50 | 530.00 | 1901-O | 17.00 | 31.50 | |
| 1886-S | 38.50 | 245.00 | 1901-S | 17.00 | 400.00 | |
| 1887 | 16.00 | 26.50 | 1902 | 16.00 | 36.00 | |
| 1887-O | 16.50 | 40.50 | 1902-O | 16.50 | 30.50 | |
| 1887-S | 17.50 | 85.00 | 1902-S | 50.00 | 325.00 | |
| 1888 | 17.00 | 32.00 | 1903 | 36.50 | 50.00 | |
| 1888-O | 17.00 | 32.00 | 1903-O | 265.00 | 345.00 | |
| 1888-S | 105.00 | 235.00 | 1903-S | 72.50 | 3,300.00 | |
| 1889 | 16.00 | 28.00 | 1904 | 18.00 | 57.50 | |
| 1889-CC | 540.00 | 17,750.00 | 1904-O | 20.00 | 35.00 | |
| 1889-O | 17.00 | 105.00 | 1904-S | 26.50 | 985.00 | |
| 1889-S | 31.50 | 160.00 | 1921 | 15.50 | 19.50 | |
| 1890 | 16.00 | 28.00 | 1921-D | 15.75 | 33.50 | |
| 1890-CC | 75.00 | 375.00 | 1921-S | 16.00 | 35.00 | |
| 1890-O | 16.50 | 52.50 | ||||
| 1890-S | 17.00 | 43.00 | ||||
| 1891 | 16.00 | 40.00 | ||||
| 1891-CC | 82.50 | 310.00 |
Notes:
*The 1895
Morgan Dollar is known in Proof only.
Sources include the "Blue Book Handbook of U.S. Coins," Coin Dealer Newsletter (aka the "Greysheet,") eBay auction archives, and my own personal knowledge of Morgan Dollar values. Photo courtesy of Harlan J. Berk, Ltd.
If you have a lot of coins to look up values for, and want to know the realistic prices that dealers will pay you, I recommend the Blue Book of U.S. Coin Values, which is one of the wholesale price guides that dealers use. It costs about $10 and is well-worth the small investment. Compare prices for the 2009 Blue Book.
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Coin Buyers Guide - Suggested Reading
- Things Sunken Treasure Coin Dealers Don't Want You to Know
- Some Things to Consider When Buying Morgan Dollars
- Learn to Protect Yourself From Graded Coin Value Fraud
- How to Find an Honest Coin Dealer
- Understand the Difference Between Price and Value
