1896 Morgan Silver Dollar Value

1896 Morgan Silver Dollar

The 1896 Morgan Silver Dollar is a plentiful coin with just under 10 million total mintage from the Philadelphia Mint. It is believed that potentially well over a million Mint State coins exist. The 1896 Morgan Dollar is one of the most frequently seen of the Morgan Dollars that was dated in the 1890s. Many of these uncirculated coins were released in the 1950s and early 1960s. Continue reading to learn more about 1896 Morgan Silver Dollar value.

 1896 Morgan Silver Dollar value



Image source: PCGS

History of the 1896 Morgan Silver Dollar

The 1896 Morgan Silver Dollar is a very common coin from this time frame, which stands in contrast to how rare many of the coins were from the 1890s. The 1896 Morgan Dollar has an above average strike and typically has an attractive luster that ranges from frosty to a more dull or greasy appearance. It is believed that millions of the 1896 Morgan Dollar were melted down under the provisions of the 1918 Pittman Act. 

1896 Morgan Silver Dollar Value

The 1896 Morgan Silver Dollar value ranges from less than a hundred to the lower tens of thousands. This coin is one of the most common of the Morgan Dollars from the 1890s and is easy to find in all grades from worn to Mint State. Cherrypicking is advised with these coins, as there are many beautiful ones out there to find. If you come across a lustrous and well-struck 1896 Morgan Silver Dollar, it is well worth the small investment to add this one to you Morgan Dollar series collection. 


Type of coin: Silver Dollar

Year: 1896 Morgan Silver Dollar

Morgan Silver Dollar Mint Mark: Philadelphia

Total mintage: 9,976,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 27.20 grams

Edge: Reeded

Designer: George T. Morgan

Diameter: 38.10 millimeters



What factors influence the 1896 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1896 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 1896 Morgan Silver Dollar worth?
A typical 1896 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 1896-O Morgan Silver Dollar?
The 1896-O Morgan Silver Dollar, minted in New Orleans, can vary in value from about $30 in lower grades to over $1,000 for higher uncirculated grades. The value increases significantly for coins in MS65 condition or higher due to their rarity.
Are there any rare varieties of the 1896 Morgan Silver that significantly impact its value?
While the 1896 Morgan Silver Dollar itself is not known for particularly rare varieties, the overall condition and mint mark (e.g., "O" for New Orleans, "S" for San Francisco) can affect its value. The "O" mint mark version is generally more valuable in higher grades.
What is the highest grade and value achieved by an 1896 Morgan Silver Dollar?
The highest grades for an 1896 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for well-preserved examples with exceptional eye appeal.
How does the mint mark affect the 1896 Morgan Silver Dollar value?
The mint mark on an 1896 Morgan Silver Dollar significantly affects its value. Coins minted in Philadelphia (no mint mark) are common in higher grades, while those from New Orleans (O) and San Francisco (S) can be more valuable, especially in uncirculated conditions.
Can the silver content of the 1896 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1896 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 1896 Morgan Silver Dollar?
The best places to sell an 1896 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 1896 Morgan Silver Dollar?
Collectors should examine the coin's condition, mint mark, 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 1896 Morgan Silver Dollar to preserve its value
To preserve the value of your 1896 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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