1893 Morgan Silver Dollar
The 1893 Morgan Silver Dollar was minted at the Philadelphia Mint with only a total of 389,000 produced. Out of all of the Morgan Dollars produced at the Philadelphia Mint, the 1893 Morgan Dollar is one of the most elusive in Mint State. The 1893 Morgan Silver Dollar is fairly accessible in worn grades. Continue reading to learn more about 1893 Morgan Silver Dollar value.
AUCTION RECORD: $66,000 • MS66
Image source: PCGS
History of the 1893 Morgan Silver Dollar
The 1893 Morgan Silver Dollar is one of the rarest circulation strike Morgan Silver Dollars minted. The strike is usually average to above average with a luster that is less frosty and more greasy looking. Some of these coins have bagmarks from storage, but compared to the other Morgan Dollars those marks are minimal, especially in higher grades. It is possible to find frosty, attractive, and well-struck 1893 Morgan Dollars. It just requires cherrypicking to find the perfect coin for your Morgan Dollar series collection.
1893 Morgan Silver Dollar Value
The 1893 Morgan Silver Dollar value ranges from the hundreds to the tens of thousands. The 1893 Morgan Dollar is the 3rd rarest of the Philadelphia Mint Silver Dollars struck in Mint State. Although cherrypicking is advised, the majority of these coins have an above average strike, and it shouldn’t be too difficult to find an attractive 1893 Morgan Dollar for your collection. The higher the grade, the more rare this coin becomes. The 1893 Morgan Silver Dollar worth depends on what you are looking for, and it will definitely bring value to a collection due to its rarity, especially for a Philadelphia Mint coin.
Type of coin: Silver Dollar
Year: 1893 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 389,000
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 1893 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1893 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 1893 Morgan Silver Dollar worth?
A typical 1893 Morgan Silver Dollar in circulated condition might be worth around $150 to $300. Uncirculated examples, depending on their grade, can fetch from several hundred to several thousand dollars, particularly for high-grade coins.
What is the value of an 1893-CC Morgan Silver Dollar?
The 1893-CC Morgan Silver Dollar, minted in Carson City, is highly valuable due to its rarity and demand among collectors. Its value can range from about $1,000 in lower grades to over $20,000 for higher uncirculated grades, with exceptionally rare examples fetching even higher prices.
Are there any rare varieties of the 1893 Morgan Silver that significantly impact its value?
The 1893 Morgan Silver Dollar series is not known for having many rare varieties, but the mint mark and overall rarity of the coin, especially the "CC" and "S" mint marks, significantly impact its value.
What is the highest grade and value achieved by an 1893 Morgan Silver Dollar?
The highest grades for an 1893 Morgan Silver Dollar can reach up to MS65 or higher, with values that can exceed $50,000 for coins in pristine condition, especially those with the Carson City (CC) mint mark.
How does the mint mark affect the 1893 Morgan Silver Dollar value?
The mint mark on an 1893 Morgan Silver Dollar significantly affects its value. The Carson City (CC) mint mark versions are particularly valuable due to their low mintage and high demand among collectors, followed by the San Francisco (S) and Philadelphia (no mint mark) versions.
Can the silver content of the 1893 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1893 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 far exceeds the melt value due to the coin's rarity.
Where is the best place to sell an 1893 Morgan Silver Dollar?
The best places to sell an 1893 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in rare coins. Authenticity, condition, and rarity are key to achieving the best price.
What should collectors look for when purchasing an 1893 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, and any potential varieties. Purchasing graded coins from reputable grading services can also provide assurance of the coin's authenticity and condition.
How should I store my 1893 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1893 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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