How Much Is a 1897 Morgan Silver Dollar Worth Today

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Silver and Gold Round Coins
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The 1897 Morgan Silver Dollar is a highly sought-after coin among collectors, and its value can vary greatly depending on its condition and rarity.

In mint condition, a 1897 Morgan Silver Dollar can be worth anywhere from $50 to $100,000 or more. This is due to the fact that only 880 of these coins were minted, making them extremely rare.

The value of a 1897 Morgan Silver Dollar is also determined by its certification and grading. A coin that has been certified by a reputable third-party service, such as the Professional Coin Grading Service (PCGS), can command a higher price due to its authenticity and condition.

Morgan Silver Dollar Value

The 1897 Morgan Silver Dollar is a highly sought-after coin among collectors, and its value can vary greatly depending on its condition and type.

In Mint State, values for standard dollars range from $130 at MS60 to $650 at MS65. For circulated coins, examples graded 1 or 2 command a premium over other low-graded circulated dollars, valued at $12 and $37 respectively.

Gold and Silver Round Coins
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The San Francisco Mint facility struck 5.8 million silver dollars in 1897, but only around a tenth of those survive today. For prooflike coins, the number is around 3,400, and for DIMPLs, just 625.

Here's a breakdown of the values for different types of 1897 Morgan Silver Dollars:

The crème de la crème are three coins graded MS68, each of which are valued at $38,500, and four prooflike examples that start at $130 at MS60 and enter four figures ($1,150) at MS65.

Identifying Morgan Silver Dollars

A 1897 Morgan Silver Dollar is a rare coin, with only 860,000 minted, making it a valuable collector's item.

The coin features a distinctive design, including a Lady Liberty on the obverse and a bald eagle on the reverse.

To verify the authenticity of a 1897 Morgan Silver Dollar, look for the "CC" mint mark on the reverse, indicating it was minted at the Carson City Mint.

History of Morgan

Credit: youtube.com, The Curious History of the Morgan Silver Dollar Coin

The Morgan Silver Dollar has a rich history that dates back to the late 19th century. It was first introduced in 1878 and was minted until 1904, with a brief revival in 1921.

George T. Morgan, the designer of the coin, was a British engraver who worked at the Philadelphia Mint. He is credited with creating the iconic design that has become synonymous with American numismatics.

The Morgan Dollar was minted in several locations, including Philadelphia, New Orleans, and San Francisco. The most valuable of these is the 1897-O Silver Morgan Dollar, which is highly sought after by collectors.

The Morgan Dollar was a significant part of the United States' monetary system, with over 657 million coins minted during its production run.

No Mint Mark

The No Mint Mark 1897 Morgan Silver Dollar is a unique coin that can be identified by its distinctive characteristics. The Philadelphia Mint facility struck 731 proof dollars in 1897, making them collectible coins.

Credit: youtube.com, How to Find Silver Dollar Mint Marks | Morgan Dollar | Peace Dollar

The low numbers of these coins mean that any of them are valuable, especially if they have a prooflike or "deep mirror prooflike" finish. The PCGS values prooflike dollars from $125 at MS60 to $10,000 at MS67.

Cameos, which have a strong contrast between reflective fields and frosted devices, add a premium to coin value. Cameos start at $2,650 for an example graded PR60, rising to $9,500 at PR65.

Deep cameos, which have an even stronger contrast, are highly valuable. The PCGS estimates the value of an MS69 example at $85,000.

A No Mint Mark 1897 Morgan Silver Dollar graded 2 by the PCGS is valued at $65, while an example graded 1 is highly valuable at $600.

Pricing the Morgan Coin

The value of a 1897 Morgan silver dollar is influenced by its condition, with well-preserved pieces being more valuable than those that have been damaged.

The condition of a coin over 100 years old plays a significant role in its price, so it's essential to have it appraised.

A chart from the Red Book shows the price range for 1897 Morgan dollars in various conditions, with uncirculated coins being the most valuable.

Here's a breakdown of the price range for 1897 Morgan dollars in different conditions:

No Mint Mark, Pitted Reverse

Credit: youtube.com, 1921 90% Silver Morgan Dollar P(No Mint Mark)

One of the most interesting variations of the 1897 Morgan Dollar is the No Mint Mark, Pitted Reverse. This error occurred when a damaged reverse die was used to strike some of the coins in Philadelphia.

The pitting on the reverse of the coin can affect its value, with prices ranging from $61 for a coin graded 10 to $80 at XF45. At MS60, the value jumps to $135.

If you're lucky enough to find a coin graded MS66+, it's worth a whopping $2,500.

Coin Study Articles

The Morgan Coin is a highly collectible and valuable silver dollar that's been around since 1878. It's a great investment opportunity, but pricing it correctly can be a challenge.

The Morgan Coin was minted from 1878 to 1921, with many rare and valuable dates and mintmark combinations throughout its history. The minimum value of a Morgan Coin is $26.83, and it can go up from there.

Credit: youtube.com, Grading Morgan silver Dollars

If you're looking to price your Morgan Coin, it's essential to know the specific date and mintmark combination. For example, the 1897 Morgan Silver Dollar Value is particularly valuable, with many collectors seeking it out.

Here's a quick reference chart to help you identify the value of your Morgan Coin:

Keep in mind that the values listed above are the minimum values and can vary depending on the condition and rarity of your Morgan Coin.

Pricing the Morgan Coin

The 1897 Morgan Dollar is a highly sought-after coin among collectors, and its value can vary greatly depending on its condition and type. The condition of a coin this old is crucial, as it can greatly impact its price.

The value of a well-preserved 1897 Morgan Dollar can be significantly higher than one that has been damaged. In fact, a coin in extremely fine condition can sell for $39, while one that's uncirculated can fetch as much as $41.

Credit: youtube.com, SUPER RARE Silver Morgan Dollar Coins Worth A Fortune! 1897 Morgan Dollar Value

Mintmarks also play a big role in determining the value of a Morgan Dollar. For example, a 1897 Morgan Dollar (O) can sell for $41 in extremely fine condition, while a 1897 Morgan Dollar (S) can go for $39 in the same condition.

Here's a breakdown of the values for the 1897 Morgan Dollar in different conditions:

The minimum value of a Morgan Silver Dollar is $26.83, but as you can see, the value can vary greatly depending on the condition and type of the coin.

Judging the Coin

A collector's ultimate goal is to find a coin that stands out from the rest, like the 1897-O Morgan dollar mentioned earlier. Finding a coin with bright luster framed by blue and gold toning is a challenge.

This coin is exceptional in its quality of strike, rendering a highly detailed Morgan dollar. The coin is also one of the scarce mint state survivors showing no sign of wear and few nicks and abrasions.

Its exceptional quality and rarity made it a prized find at a David Lawrence Rare Coin Auction, selling for a pleasing $1600 value.

Judge Your

Silver and Gold Round Coins
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A coin's condition can greatly impact its value, especially for older coins like the 1897 Morgan Silver Dollar. The condition of a coin can range from good to extremely fine to uncirculated.

The type of coin also plays a significant role in determining its value. For example, a 1897 Morgan Dollar (O) is worth more than a 1897 Morgan Dollar.

To accurately judge your coin, you need to consider its condition and type. Here's a rough guide to help you get started:

A coin's provenance can also impact its value. For instance, a proof coin from the Philadelphia Mint facility can be highly valuable, especially if it's a cameo or deep cameo.

The value of a proof coin can range from $775 for an XF45 example to $85,000 for an MS69 example. Cameo coins can fetch even higher prices, up to $80,000 for a PR68+ example.

Doubled Stars

The Doubled Stars variety of the 1897 Philadelphia mintage is a result of movement during the process of manufacturing the obverse die.

Detailed close-up of an old US penny on wood, showcasing its rustic texture.
Credit: pexels.com, Detailed close-up of an old US penny on wood, showcasing its rustic texture.

It's coded with VAM number 8, a unique identifier for this specific variety. This variety is known to have double lines on the stars that circle the coin face, which can be difficult to spot without a microscope or loupe.

The value of this coin depends on its condition, with a coin graded MS64+ selling at auction in 2021 for over $1,400.

Frequently Asked Questions

How rare is a 1897 silver dollar?

A 1897 silver dollar was once rare, but its availability increased significantly in the 1960s. Today, it's considered common in high grades, but its value and collectibility still vary depending on its condition.

Tasha Kautzer

Senior Writer

Tasha Kautzer is a versatile and accomplished writer with a diverse portfolio of articles. With a keen eye for detail and a passion for storytelling, she has successfully covered a wide range of topics, from the lives of notable individuals to the achievements of esteemed institutions. Her work spans the globe, delving into the realms of Norwegian billionaires, the Royal Norwegian Naval Academy, and the experiences of Norwegian emigrants to the United States.

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