The selling price of Morgan Silver Dollars varies significantly depending on factors such as their year of mintage, specific mint mark, and crucially, their condition. While prices can range from tens to hundreds of dollars, certain rare varieties or exceptionally well-preserved examples can command much higher values.
Morgan Silver Dollars are iconic U.S. coins minted from 1878 to 1904, and again in 1921. Made of 90% silver and 10% copper, their numismatic value often far exceeds their melt value due to collector demand.
Factors Influencing Morgan Dollar Value
Several key elements determine how much a Morgan Dollar sells for:
- Year of Mintage: Some years are rarer than others, leading to higher prices.
- Mint Mark: Coins were minted in various locations, including Philadelphia (no mint mark), San Francisco (S), New Orleans (O), Carson City (CC), and Denver (D, only in 1921). The Carson City (CC) mint mark coins are particularly sought after.
- Condition (Grade): This is perhaps the most critical factor. Coins are graded based on their wear, luster, and overall appearance. Common conditions include:
- Good (G): Heavily worn, but major features are discernible.
- Fine (F): Moderate wear, but design elements are clear.
- Extremely Fine (EF): Light wear on high points, good detail.
- Uncirculated (UNC): No wear from circulation, retains original mint luster. These coins command the highest prices.
Example Selling Prices for Uncirculated Morgan Dollars
To illustrate the range, here are some example selling prices for Uncirculated Morgan Silver Dollars:
| Year & Mint Mark | Uncirculated Price |
|---|---|
| 1879 Morgan Dollar (S) | $70 |
| 1880 Morgan Dollar (Philadelphia) | $41 |
| 1880 Morgan Dollar (CC) | $350 |
| 1880 Morgan Dollar (O) | $43 |
Please note: These are example prices for specific uncirculated coins and reflect values at a particular time. Actual market prices can fluctuate based on demand and supply.
For current pricing and to browse available options, you can explore reputable coin dealers specializing in collectible silver dollars. Understanding the specific year, mint mark, and certified grade of a Morgan Dollar is essential for determining its precise market value.
