1883 Morgan Silver Dollar
The 1883 Morgan Silver Dollar is the sixth year of the Morgan Dollar series. The Philadelphia Mint struck over 12 million 1883 Morgan Silver Dollars. George T. Morgan was the designer of the Morgan Dollar series, and collectors love the beauty and design of this special coin. The 1883 Morgan Silver Dollar from the Philadelphia Mint can be found in abundance, and it is worth cherrypicking for the most attractive coins. Continue reading to learn more about 1883 Morgan Silver Dollar Value.
AUCTION RECORD: $49,938 • MS68+
Image Source: PCGS
History of the 1883 Morgan Dollar
The strike of the 1883 Morgan Silver Dollar is sometimes weak, especially at the feathers of the eagle's breast. Regardless of this weak strike that was often due to the dies being slightly too far apart, the 1883 Morgan Dollar usually has a satiny luster. The 1883 Morgan Silver Dollar is one of the first that was minted in this year, and is a special coin because of it. Choose carefully, and you will have a gorgeous piece to add to your personal Morgan Dollar series.
1883 Morgan Silver Dollar Value
The 1883 Morgan Silver Dollar worth is dependent on the grade of the coin. This coin is relatively easy to find in circulated coins of varying grades, and there are plenty to choose from in Mint State. Due to their abundance, if you do your due diligence, it is straightforward finding that perfect specimen to add to your collection. It just takes a little bit of careful choosing. The 1883 Morgan Silver Dollar value ranges from under one hundred dollars to upwards of tens of thousands of dollars.
Type of coin: Silver Dollar
Year: 1883 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 12,290,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 26.73 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1883 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1883 edition, is determined by its mint mark, condition (or grade), rarity, and silver content. Special varieties and recognized errors can also significantly impact its value.
How much is a typical 1883 Morgan Silver Dollar worth?
A typical 1883 Morgan Silver Dollar in circulated condition might be worth around $25 to $50. Uncirculated examples, depending on their grade, can fetch from $50 to several hundred dollars.
What is the value of an 1883-O Morgan Silver Dollar?
The 1883-O Morgan Silver Dollar, minted in New Orleans, is known for its availability in higher grades. Its value can range from about $50 in lower uncirculated grades to over $200 for MS65 examples, with particularly pristine coins fetching higher prices.
Are there any rare varieties of the 1883 Morgan Silver that significantly impact its value?
While the 1883 Morgan Silver Dollar itself is not known for particularly rare varieties, the mint mark (e.g., "O" for New Orleans, "CC" for Carson City, "S" for San Francisco) can affect its value. The "CC" mint mark, in particular, is highly sought after by collectors due to the Carson City Mint's historical significance.
What is the highest grade and value achieved by an 1883 Morgan Silver Dollar?
The highest grades for an 1883 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for well-preserved Carson City (CC) mint examples or coins with exceptional eye appeal.
How does the mint mark affect the 1883 Morgan Silver Dollar value?
The mint mark on an 1883 Morgan Silver Dollar significantly affects its value. Coins minted in Carson City (CC) are often more valuable due to their lower mintage numbers and popularity among collectors, compared to those from Philadelphia (no mint mark), New Orleans (O), or San Francisco (S).
Can the silver content of the 1883 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1883 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market. However, the numismatic value for collectors often exceeds the melt value.
Where is the best place to sell an 1883 Morgan Silver Dollar?
The best places to sell an 1883 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Authenticity and condition are key to achieving the best price.
What should collectors look for when purchasing an 1883 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, any notable varieties, and signs of original luster. Purchasing graded coins from reputable grading services can also provide assurance of the coin's authenticity and condition.
How should I store my 1883 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1883 Morgan Silver Dollar, store it in a cool, dry place, ideally in a protective holder or capsule designed for coin storage. This protects the coin from environmental damage and physical wear.
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