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According to Heritage Auction records, one of the 1889 Morgan dollars sold in 2009 for $500,000. The coins struck at the San Francisco Mint tended to circulate more extensively due to the distrust that many people of the Western States had in paper money, and coins such as the 1893-S circulated quite heavily in places such as California and Nevada. As a result, the nickname Hot Lips was invented due to the doubled die obverse in this Morgan dollar variety. Prices start at $29 for a coin in very good, circulated condition (VG-8), but you can earn a whopping $17,250 for a coin in mint condition that has never been circulated. Although its minting operations closed in 1893, in 1895 the Carson City Mints building served as the gold and silver U.S. Assay Office, where precious metals are tested for purity and value. Here are the 8 rarest Morgan dollars today. Identically, the 1895-S Morgan dollar is a limited, low-mintage, key-date San Francisco Mint issue. When taken as a long-term objective, building a complete Morgan dollar collection can be a financially obtainable goalthough one for which several dates may require saving your money for many months, even years. The composition of this silver dollar is 90% silver, and it is the most desirable issues in the entire Morgan dollar series. In this case, many 1889-CC silver Morgan may have been melted down to comply with the Pittman Act of 1918. For even better conditions, these coins are known to ascend to their full value of over half a million dollars, but only for coins that were never circulated and remain in the rarest condition. However, during the silver melts, approximately millions of the 90% silver were melted. The Carson City Mint, associated with scarce coins, produced a relatively large number of Morgan Silver Dollars, relatively few of which actually circulated, and dates such as the 1883-CC and 1884-CC are readily available in uncirculated condition. They came out of New Orleans worth 1.00 USD in the twilight years of the Morgan dollars. The 1879-S Morgan dollar coin was also made at the San Francisco Mint. Only 450,000 were ever made. This 7Tail Feathers reverse was applied at all three mints: Philadelphia, Carson City, and San Francisco. In the light of the 1889-CC Morgan silver dollar, it is almost every collectors dream. 1 oz South African Gold Krugerrand - Random Dates, 2019 Patriot 1 oz Proof Like Silver Round - American Revolution, 1 oz Canadian Platinum Maple Leaf - Random Date, Silver dollars for sale at Gainesville Coins. Since there were only 100,000 of these coins ever minted, their rarity speaks for itself. This can be a highly competitive and fun way to build a collection of Morgan dollars or any other coin series. The Morgan dollar became the standard $1 silver coin from 1878 to 1904, returning again in 1921 and much later as a 21st-century promotional item. Due to the slightly larger volume, the coins that command the top end of the price range of $250,000 are the ones certified MS-65, or uncirculated, by coin grading institutions. The New Orleans mint produced over 427 million coins in total, including almost 5 million of these silver dollars. The 1894-S Morgan dollar coin was made at the San Francisco Mint, which used the S letter mark. The value of collectible Morgan silver dollars varies widely, with some fetching as much as $300,000. Prices for an 1894-O Morgan dollar start at as low as $50 but can go for up to $40,000. Even though this coin does not have the low-mintage nor sexy mint appeal it remains a rare and very difficult coin. The 1896-O Morgan Dollar coin was made at the New Orleans Mint.The Louisiana facility made 4.9 million Morgan coins that year. The 1895-O Morgan Dollar coin was made at the New Orleans Mint, which made 450,000 Morgan coins that year. Prices start at $100 for a coin in very good, circulated condition (VG-8) and go up to $9,800 for a coin in mint condition that has never been circulated. Williams was a 20-year-old Philadelphia teacher whom Morgan used as his model for the coin. In 1878, the Philadelphia Mint struck the first Morgan silver dollars. The 1903-O is another curious issue. From the mint mark (S), we know it was minted in San Francisco as a response to the California Gold Rush. MS-65 or gem uncirculated status is the second-highest grade possible behind MS-70 (perfect uncirculated). The obverse features a remake on Lady Liberty, wearing a diadem with her hair falling loosely around her neck. However, this does not typically reflect the value of these coins. The obverse features Lady Liberty wearing a tiara with the year of mintage below. Many of these so-called CC mint Morgan dollars from Carson City are among the rarest of all the coins in the series. August 2022. Save my name, email, and website in this browser for the next time I comment. Of particular note is the Pittman Act of 1918, which cost more than 270 million Morgan silver dollars their lives when they were ordered to be melted down and reforged into solid silver. Minted from 1878 through 1921, it was originally and officially called the "Liberty Head Dollar" per the United States Mint. The 1893-CC Morgan dollar coin was made at the Carson City Mint. In the absolute sense, it can hardly considered a scarce coin, as its mintage of 3,200,000 coins is not all that low. The face on the front of the coin is a model, Anna Willess Williams, portraying Liberty, the mythical figure. BITCOIN, SILVER AND GOLD PRICE, DAILY MARKET NEWS. Prices start at $150 for a coin in very good, circulated condition (VG-8), and go up to $38,000 for a coin in mint condition. Prices start at $27 for a coin in good, circulated condition (G-4) and go up to $8,500 for an impeccable coin. Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. Some of the other issues from the 1890s, such as the 1893-CC, 1894, 1895-S and 1896-S are very scarce and infrequently encountered in gem uncirculated condition. These key-date Morgan dollars are the coins that are listed above, along with prices and other important information. Due to this scarcity and subsequent war efforts that claimed much of the nations excess silver stores, the right minting on a Morgan dollar can make it worth more than 500,000 times what it was when it was forged. *Prices are for coins that arent cleaned or exhibit other signs of damage and are typical representatives of their grade. Latest Offers, Straight To Your Inbox. Prices start at $550 for a coin in very good, circulated condition (VG-8), and go up to $300,000. In even average condition, this coin can sell for $3,000. A total of 6,592,000 pieces were struck for circulation and it shares a very similar story to the 1884-S: the majority of pieces were released into circulation and uncirculated examples are rare. This 1892 Morgan Silver Dollar is marked by an S to show that it was minted in San Francisco. July 2022. Allegations of fraudulent or criminal activity against a named party, when said activity has not been proven in a court of law, will be removed. To boost silvers value, Western mining conglomerates lobbied for legislation that made Morgan dollar minting feasible again through large silver purchases. The Philadelphia Mints 1895 proof production is believed to have consisted of only 12,000 coins. Nor will trolls. Overnight the price plummeted and now the coin is only considered a scarce issue with a mintage of 4,450,000 pieces. Their price depends on several factors, including the number of coins minted in a specific year, the city where they were made and the coins current condition, with uncirculated coins being more rare and valuable. Many of these coins sell for around $3,000. These locations were Carson City (CC), New Orleans (O), San Francisco (S), Denver (D) and Philadelphia (no mark). This means that in reality, very few 1884 S Morgan Silver Dollars are bought, sold, or circulated to maintain their value, adding to their rarity. BITCOIN, SILVER AND GOLD PRICE, DAILY MARKET NEWS. Prices start at only $29 for a coin in very good, circulated condition and go up to $150,000 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The 1904-S Morgan dollar coin was also made at the San Francisco Mint, which made 2.3 million Morgan coins that year. The 1894-O Morgan Dollar coin was made at the New Orleans Mint, and the Louisiana facility made roughly 9.7 million Morgan coins that year. Today, Morgans range considerably in value. The San Francisco Mint made 3.2 million of the 1884-S Morgan dollar coins. Your email address will not be published. The 1890-CC Morgan dollar coin was made at the Carson City Mint, which used the double C letter mark. In effect, the mintage decreased further, and only 8,000 -17,900 survive. and new product arrivals. Don't be the last to know about the latest deals In subsequent years, it has served as a U.S. Coast Guard storage facility, fallout shelter, and storage facility. These are just a few highlights and rarities of the series. The other approach is to buy the most expensive coins first and then save the common ones for later. The reverse shows an American eagle holding a clutch of arrows, with the words United States One Dollar. The new coins were called Morgan silver dollars after their designer. A registry set is essentially an inventory of coins in ones collection that is published online and made available for public viewing. The obverse highlights a portrait of Lady Liberty along with the year of mintage. Due to a bad die, the coins were struck twice with the mark, resulting in a doubled effect. The price chart below includes all of the key-date Morgan dollars. However, new dies for all the mints could take up to several weeks to produce. Anna Willess Williams, the model for the Morgan dollar design. There are generally two approaches to building a set of Morgan dollars. Prices start at $200 for a coin in very good, circulated condition (VG-8) and go up to as high as $115,000. These are coins which are scarce or rare regardless of grade. The value of poor or generic condition 1889 Morgan dollars is estimated at around $1,591. Prices start at $350 for a coin in very good, circulated condition (VG-8) and go up to $25,300 for a coin in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The silver Morgan is the masterpiece most collectors require to complete a collection but is hard to acquire! The New Orleans mint was decommissioned during Reconstruction after the Civil War. The Philadelphia Mint was established to create a continental national mint after the Constitution was ratified. The Nevada facility made 756,000 of these double-stamped Morgans in 1879. Another critical point to remember, the first Morgan Silver dollars collection were the first coins of 1878. Prices for these particular coins start at $195 for one in good, worn condition (G-4) and go up to $45,526 for a coin in mint condition that has never been circulated (MS-65). Morgan silver dollars were 90 percent silver, one-dollar coins minted between 1878 and 1904, with a special one-off production in 1921 but their history goes back a bit further. Likewise, this unique 90% silver dollar is considered the most desirable Morgan ever struck at a branch mint. The Morgan Silver Dollar features a design inspired by Anna Willess Williams, whose face became famous soon after this coin was first released. They, along with several other issues, comprise the litany of Morgan dollar key dates. Prices start at $40 for this coin but can go as high as $10,000 for one in mint condition that has never been circulated, with a high-quality silver luster (MS-65). The 1895 is a very curious issue and a mystery that has never been clarified. Prices start at $20 for a coin in very good, circulated condition (VG-8) and go up to $300,000 for a coin in mint condition. However, MS+ condition coins (certified mint state) can auction for upwards of $280,000. The 1884-S Morgan Dollar is a very interesting issue and the prime condition rarity of the series. By the same token, the 1893-S Morgan dollar is the star in the show! Among these were bags and bags of the once rare 1903-O. The same Coinage Act also established the dollar unit and decimal coinage system that we still use today. Certified mint condition 1901 Morgan Silver Dollars can sell at auction for $425,500, making them among the most prized such coins in the world. The Nevada facility made 677,000 coins that year. This was due to an imminent banking collapse in Great Britain owing to the countrys silver problem. Join us today for FREE! The New Orleans Mint made only 300,000 of the 1893-O Morgan dollar coins, which makes them one of the rare coins on this list. These coins were only minted for a few decades at the end of the 1800s in select minting branches around the country, notated by unique mint marks. 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