1892 Morgan Silver Dollar
The 1892 Morgan Silver Dollar had a surprisingly low total mintage for coins produced at the Philadelphia Mint with just over 1 million. During the earlier part of the 20th century, the 1892 Morgan Dollar was considered a rarity because very few had gone into circulation. Large quantities of Mint State coins were released during the major releases that happened at the Philadelphia Mint and Treasury Department during the 1950s and 1960s. Finding circulated coins is somewhat harder with the 1892 Morgan Silver Dollar since many weren’t released. Finding these coins in Mint State is relatively straightforward. Read more to learn about 1892 Morgan Silver Dollar value.
AUCTION RECORD: $49,938 • MS66
Image Source: PCGS
History of the 1892 Morgan Silver Dollar
The 1892 Morgan Silver Dollar, like many of the coins struck at the Philadelphia Mint, come in a wide range when it comes to quality. It’s possible to find an 1892 Morgan Dollar that is sharply struck with a nice luster, but typically the coins have somewhat of a weak strike in one way or another, as well as bagmarks. When searching for your perfect 1892 Morgan Silver Dollar for your collection, it is advised to cherrypick to ensure you can find one with an attractive surface that is well-struck.
1892 Morgan Silver Dollar Value
The 1892 Morgan Silver Dollar value ranges from the hundreds to upwards of the mid-tens of thousands. The 1892 Morgan Silver Dollar worth depends on what you are looking for. If you have a fully circulated collection, it is sometimes more difficult to find a worn 1892 Morgan Dollar due to the majority of them being stored, but it’s still possible to find coins in most grades.
Type of coin: Silver Dollar
Year: 1892 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 1,036,000
Metal content: 90% Silver, 10% Copper
Face value: One dollar
Weight: 27.20 grams
Edge: Reeded
Designer: George T. Morgan
Diameter: 38.10 millimeters
FAQ
What factors influence the 1892 Morgan Silver Dollar value?
The Morgan Silver Dollar value, particularly for the 1892 edition, is influenced 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 1892 Morgan Silver Dollar worth?
A typical 1892 Morgan Silver Dollar in circulated condition might be worth around $30 to $60. Uncirculated examples, depending on their grade, can fetch from $150 to several hundred dollars.
What is the value of an 1892-CC Morgan Silver Dollar?
The 1892-CC Morgan Silver Dollar, minted in Carson City, is particularly valuable due to its lower mintage and popularity among collectors. Its value can range from about $200 in lower grades to over $2,000 for higher uncirculated grades, with rare examples fetching even higher prices.
Are there any rare varieties of the 1892 Morgan Silver that significantly impact its value?
While the 1892 Morgan Silver Dollar itself is not known for particularly rare varieties, the "CC" mint mark version is highly sought after. The overall rarity and condition of the coin significantly impact its value.
What is the highest grade and value achieved by an 1892 Morgan Silver Dollar?
The highest grades for an 1892 Morgan Silver Dollar can reach up to MS66 or MS67, with values that can exceed several thousand dollars, especially for well-preserved examples with the Carson City (CC) mint mark.
How does the mint mark affect the 1892 Morgan Silver Dollar value?
The mint mark on an 1892 Morgan Silver Dollar significantly affects its value. Coins minted in Carson City (CC) are often more valuable due to their historical significance and lower mintage numbers, compared to those from Philadelphia (no mint mark), New Orleans (O), or San Francisco (S).
Can the silver content of the 1892 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1892 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 1892 Morgan Silver Dollar?
The best places to sell an 1892 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 1892 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 1892 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1892 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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