The 1899 Morgan dollar is a highly sought-after coin among collectors.
It was minted in Philadelphia, one of the three mints that produced Morgan dollars during that time.
The Philadelphia mint is the most valuable of the three mints, making the 1899 Morgan dollar from there the most valuable of the year.
Morgan dollars from the Philadelphia mint are highly prized due to their rarity and condition.
In good condition, a 1899 Morgan dollar from the Philadelphia mint can be worth around $30-$40.
Silver Dollar Basics
The 1899 Morgan dollar is a highly sought-after coin among collectors. It was minted in a relatively small quantity of 1.3 million coins.
The 1899 Morgan dollar has a diameter of 38.1 mm and a weight of 26.73 grams. Its obverse features a portrait of Lady Liberty, while the reverse shows an eagle in flight.
The coin's edge is reeded, with 150 reeds. The 1899 Morgan dollar is made of a 90% silver and 10% copper alloy.
1899 Dollar Value
The 1899 Morgan Dollar is a great coin to consider collecting, and understanding its value is key. It's worth around $125.00 in Average Circulated (AC) condition.
One thing that might surprise collectors is that the 1899 Morgan Dollar is actually a relatively rare coin, with only 330,000 business strikes made. This is one of the lowest numbers in the entire Morgan dollar series.
The rarity of the 1899 Morgan Dollar is part of what makes it valuable. In fact, its price trend charts suggest that it may be poised for a renewed round of price hikes.
If you're looking to buy a 1899 Morgan Dollar, be aware that there are many coins certified by PCGS and NGC available on eBay. However, always make sure to buy from a trustworthy seller.
Here are some key facts about the 1899 Morgan Dollar:
- Estimated survivors in all grades: 35,174
- PCGS Rarity Scale: 2.6
Keep in mind that these values don't include coins in higher grades, Prooflike (PL), or Deep Mirror Prooflike (DMPL), which can be extremely valuable.
Determining Value
Determining the value of a 1899 Morgan Silver Dollar involves inspecting the coin closely and evaluating its condition. The process of grading a coin has a large impact on its value.
A coin in Average Circulated (AC) condition can be worth around $125.00, while one in certified mint state (MS+) condition can bring as much as $650 at auction.
The intrinsic value of a 1899 Morgan Silver Dollar is determined by its silver content, which is currently worth $23.27.
Identify Date and Mintmark Variety
To identify the date and mintmark variety of a Morgan silver dollar, you need to know that five mints were involved in production from 1878 to 1921.
Each mint variety is valued based on demand on supplies and condition of the coin. The mintmarks were used by the branch mints to indicate their production, and are key to Morgan silver dollar values.
The mintmarks are essential in determining the value of the coin, and collectors typically seek out sets that include each date and mintmark variety.
Mintmarks can be found on the coin's reverse side, and they vary depending on the mint that produced the coin.
Numismatic vs Intrinsic Value
Numismatic value often surpasses intrinsic value, as seen with a coin in poor condition worth $101.73 more than its silver content value of $23.27. This highlights the importance of considering the value to a collector.
The current silver melt value for a 1893 CC Morgan Silver Dollar is $23.27, based on the current silver spot price of $30.09.
If metal prices drop, a coin's numismatic value can remain strong, making it a better long-term investment than solely relying on its intrinsic value.
Judging Condition
Judging Condition is a crucial step in determining the value of a Morgan Silver Dollar. It involves inspecting the coin closely and evaluating its wear and overall condition.
A coin's condition can significantly impact its value, with some coins bringing in thousands of dollars at auction. The process of judging condition is known as "Grading" a coin.
In the case of a 1899 Morgan Silver Dollar, its value can range from $125 for an Average Circulated coin to $650 for one in certified mint state (MS+) condition.
Silver Dollar Details
The 1899 Morgan Silver Dollar is a 90% silver coin, containing .7735 troy oz or 24.05 grams of .999 pure silver. This is measured in troy ounces, which weigh about 2 grams more than standard ounces.
To determine if your coin is silver, you can use a tool like Is My Coin Silver? from CoinTrackers. This tool helps you identify whether your coin is made of silver or not.
The 1899 Morgan dollar has a relatively low mintage of 330,000 business strikes, making it a sought-after coin among collectors. This low mintage, combined with its small production number, contributes to its value and desirability.
Is a Silver Dollar Silver?
A Silver Dollar is a significant investment, and one of the most important things to consider is whether it's actually made of silver. Yes, a Silver Dollar is typically silver, but the purity and weight can vary.
Silver Dollars produced in 1899 are 90% silver. This means they contain .7735 troy oz or 24.05 grams of pure silver.
To determine if your Silver Dollar is silver, you can use CoinTrackers' tool called "Is My Coin Silver?". This tool will help you determine the authenticity of your coin.
Mints and Mintmarks
Morgan silver dollars were produced by five mints from 1878 to 1921.
Each mint variety is valued by demand on supplies and condition of the coin. The Denver mint was called upon to strike silver dollars in one year of the series, 1921.
The Denver mint used a "D" mintmark to indicate its production. This mintmark can be found on the reverse of the coin under the ribbon tying the wreath.
A large supply of 1921 silver dollars from the Denver mint makes them relatively affordable, placing them on want lists of most collectors.
Frequently Asked Questions
How many 1899 Morgan dollars were made?
The New Orleans Mint produced approximately 12.3 million Morgan dollars in 1899.
What is the error on the 1899 silver dollar?
The 1899 silver dollar has a micro-mint mark error, specifically a re-punched or over-mint-mark error. This error can significantly increase the coin's value, with prices reaching up to $92,500 in 2023.
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