1893 Morgan Silver Dollar Value
Finest Known: MS66+ (NGC) MS66 (PCGS)
Auction Record: $44,650 (MS66)
Image: USA CoinBook
The 1893 Morgan dollar is the eighth-lowest Morgan dollar mintage from any mint. It had the third-lowest mintage of any Philadelphia Morgan dollar. With the impending repeal of the Sherman Silver Purchase Act, all US Mints stopped striking Morgan dollars on June 1, 1893.
PCGS puts the probable surviving population of 1893 Morgan dollars at 40,000 coins. Half of those are assumed to be Mint State, with the vast majority of those between MS60 and MS64. Only about 750 of the surviving 1893 Morgan dollar Mint State population are estimated to be in Mint State 65 or better condition.
The Value of an 1893 Morgan Dollar
The 1893 Morgan dollar is the third-rarest mintage from the Philadelphia Mint, even in circulated grades. Their rarity drastically increases in gem Mint State.
They usually are found with a good to strong strike, but the luster is impaired. The 1893 Morgan is described as having a "greasy" appearance, rather than a frosty luster.
Since they were produced and stored at the main US Mint in Philadelphia, they were not transported long distances. This results in fewer and lighter bag marks compared to Morgan dollars struck at the branch mints.
1893 Morgan Dollar Price Guide
|Very Fine 25||Extremely Fine 45||About Uncirculated 55|
|Mint State 61||Mint State 63||Mint State 65||Auction Record (MS66)|
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.