1884 Morgan Silver Dollar
The 1884 Morgan Silver Dollar had over 14 million total mintage from the Philadelphia Mint. These were some of the highest numbers minted in the series and are relatively easy to find up into the higher grades. The 1884 Morgan Dollar was released in greater quantities, especially between the 1940s and 1960s when there were large amounts released by government vaults. Continue reading to learn more about 1884 Morgan Silver Dollar Value.
AUCTION RECORD: $66,000 • MS68
Image Source: PCGS
History of the 1884 Morgan Dollar
The 1884 Morgan Silver Dollar is plentiful, allowing collectors an opportunity to acquire this specific coin very easily and at accessible prices. The 1884 Morgan Silver Dollar prices are reasonable even in some of the higher grades. The quality of these coins has a lot of variety, with some having a sharp and lustrous look while others suffer from grainy and dull surfaces. The 1884 Morgan Dollar is worth cherrypicking to find just the right one for you, looking for a well-struck coin with an attractive surface.
1884 Morgan Silver Dollar Value
The 1884 Morgan Silver Dollar value ranges from below a hundred dollars to upwards of the tens of thousands. With a mintage that is as high as the 1884 Morgan Dollar Philadelphia Mint, it is relatively easy to find this coin in just about any grade. When looking for your very own 1884 Morgan Silver Dollar, choosing one with a sharp strike and and a good luster will bode will for your Morgan Dollar series collection.
Type of coin: Silver Dollar
Year: 1884 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage:14,070,000
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 1884 Morgan Silver Dollar value?
The Morgan Silver Dollar value, particularly for the 1884 edition, is determined by its mint mark, condition (or grade), rarity, and silver content. Varieties and recognized errors can also significantly impact its value.
How much is a typical 1884 Morgan Silver Dollar worth?
A typical 1884 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 1884-O Morgan Silver Dollar?
The 1884-O Morgan Silver Dollar, minted in New Orleans, is known for its high mintage and 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 1884 Morgan Silver that significantly impact its value?
While the 1884 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 1884 Morgan Silver Dollar?
The highest grades for an 1884 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 1884 Morgan Silver Dollar value?
The mint mark on an 1884 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 1884 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1884 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 1884 Morgan Silver Dollar?
The best places to sell an 1884 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 1884 Morgan Silver Dollar?
Collectors should examine the coin's condition, mint mark, any notable varieties, and overall eye appeal. Purchasing coins that have been professionally graded can also offer assurance regarding the coin's authenticity and condition.
How should I store my 1884 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1884 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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