Skip to content

The Top 10 Rarest Morgan Silver Dollars

Morgan silver dollars, minted from 1878 to 1921, are among the most beloved coins in American numismatics. Known for their iconic design and historical significance, certain Morgan dollars stand out for their rarity and value. Here’s a detailed look at the top 10 rarest Morgan silver dollars coveted by collectors worldwide.

1. 1893-S Morgan Silver Dollar

Morgan Silver Dollars

The 1893-S Morgan dollar is the undisputed king of rarity in the series. With only 100,000 minted, most were melted down due to the Pittman Act of 1918. Surviving specimens are highly sought after, particularly in higher grades. The 1893-S is considered the “Holy Grail” for Morgan dollar collectors.

Advertisement

2. 1889-CC Morgan Silver Dollar

The 1889-CC Morgan dollar, minted in Carson City, Nevada, is renowned for its low mintage of just 350,000 coins. Many were heavily circulated or melted down, making uncirculated examples rare. Its status as a key date in the Morgan series ensures its high demand among collectors.

3. 1893-O Morgan Silver Dollar

Morgan Silver Dollars

The 1893-O Morgan dollar from the New Orleans Mint is another rarity with a mintage of approximately 300,000 coins. Like its San Francisco counterpart, many were melted under the Pittman Act, contributing to its scarcity in the numismatic market.

Advertisement

4. 1895 Morgan Silver Dollar

The 1895 Morgan dollar is unique because no business strikes were officially minted that year, making it one of the most famous rarities in U.S. coinage. However, 12-15 proof specimens were struck and are highly coveted by collectors, often fetching astronomical prices at auctions.

5. 1884-S Morgan Silver Dollar

Morgan Silver Dollars

The 1884-S Morgan dollar from the San Francisco Mint has a low mintage of around 3.2 million coins, contributing to its scarcity, especially in higher grades. Its value is enhanced by collector demand for complete sets and its historical significance.

Advertisement

6. 1892-S Morgan Silver Dollar

The 1892-S Morgan dollar, struck in San Francisco, has a mintage of approximately 1.2 million coins. Many were heavily circulated or melted down, leading to its scarcity today. Examples in mint state grades command significant premiums from collectors.

7. 1879-CC Morgan Silver Dollar

Morgan Silver Dollars

The 1879-CC Morgan dollar, the first year of issue from the Carson City Mint, is prized for its historical significance and low mintage of 756,000 coins. Surviving examples in uncirculated condition are rare and highly sought after by collectors.

Advertisement

8. 1886-O Morgan Silver Dollar

The 1886-O Morgan dollar from the New Orleans Mint has a mintage of about 10.7 million coins, but few survive in mint state condition due to extensive circulation and use in commerce. Collectors value this coin for its rarity in higher grades.

9. 1893 Morgan Silver Dollar

Morgan Silver Dollars

The regular issue 1893 Morgan dollar, struck in Philadelphia and other mints, is scarce due to widespread melting under the Pittman Act. Surviving examples in uncirculated condition are rare and command premiums among collectors assembling date sets.

Advertisement

10. 1892-O Morgan Silver Dollar

The 1892-O Morgan dollar from the New Orleans Mint has a mintage of approximately 1.4 million coins. Like other New Orleans Mint issues of the era, many were melted down or heavily circulated, making uncirculated specimens scarce and valuable.

Frequently Asked Questions (FAQs)

Why is the 1893-S Morgan Silver Dollar so rare and valuable? The 1893-S Morgan dollar is exceptionally rare due to its low mintage of 100,000 coins and the majority being melted under the Pittman Act. Surviving specimens are highly coveted by collectors, driving up their market value.

Advertisement

What makes the 1889-CC Morgan Silver Dollar significant to collectors? The 1889-CC Morgan dollar is notable for its low mintage of 350,000 coins, struck at the Carson City Mint. Many were heavily circulated or melted down, leading to its scarcity today and high demand among collectors.

Why are the 1895 Morgan Silver Dollars so valuable despite no business strikes being minted? The 1895 Morgan dollar is valuable because only proof strikes were officially minted that year, with only 12-15 known examples. These proof specimens are extremely rare and fetch significant prices at auctions.

Advertisement

What factors contribute to the rarity of Morgan Silver Dollars in general? Factors such as low mintages, extensive circulation, melting under various acts like the Pittman Act, and collector demand all contribute to the rarity of Morgan silver dollars. Coins in high grades with original luster are particularly rare and valuable.

Are there other rare dates or varieties of Morgan Silver Dollars collectors should know about? Yes, besides the top 10 listed, there are other rare dates, mintmarks, and varieties of Morgan dollars prized by collectors. Examples include overdates, mint errors, and coins with unique die characteristics that appeal to numismatists.

Advertisement

How can I determine the value of my Morgan Silver Dollars? The value of Morgan silver dollars depends on factors like condition (graded by agencies like PCGS or NGC), mint mark, rarity, and current market demand. Numismatic guides, online auction sites, and coin dealers specializing in U.S. coins can provide valuations.

Are there counterfeit or altered Morgan Silver Dollars in the market? Yes, collectors should be aware of counterfeit or altered Morgan dollars in the market. It’s essential to purchase coins from reputable dealers and verify authenticity through certification or expert examination.

Advertisement

What advice do you have for new collectors interested in Morgan Silver Dollars? New collectors should research the series, focus on acquiring coins in the best possible condition within their budget, and consider building sets based on personal interests or specific varieties. Joining numismatic organizations or forums can also provide valuable insights and guidance.

Is collecting Morgan Silver Dollars a good investment? Collecting Morgan silver dollars can be a rewarding hobby and potentially a sound investment, especially for coins in high demand and excellent condition. Like any investment in collectibles, it’s essential to research market trends and consult with experts before making purchases.

Advertisement

How has the market for Morgan Silver Dollars evolved over time? The market for Morgan silver dollars has evolved with changes in collector preferences, economic conditions, and advancements in numismatic knowledge. Trends such as increased interest in high-grade examples, specific varieties, and historical significance influence the market dynamics for these coins.

Conclusion

Morgan silver dollars continue to captivate collectors with their beauty, historical context, and rarity. Each coin in this list represents a piece of American history and numismatic treasure sought after by enthusiasts worldwide. Whether for collection purposes or investment potential, these rare Morgan dollars hold enduring value and fascination among numismatists.

Advertisement
HOMECLICK HERE
CATEGORYCLICK HERE

Leave a Reply

Your email address will not be published. Required fields are marked *