1898 Morgan Silver Dollar
The 1898 Morgan Silver Dollar was struck at the Philadelphia Mint with over 5 million total mintage. Many of the 1898 Morgan Dollar uncirculated coins were considered scarce, and sometimes even rare until they were released en masse by the Treasury Department. They also saw some release during the late 1950s and early 1960s. By the time the 1898 Morgan Silver Dollar reached the 1970s, uncirculated Mint State coins were fairly common. Continue reading to learn more about 1898 Morgan Silver Dollar value.
AUCTION RECORD: $17,250 • MS67
Image source: PCGS
History of the 1898 Morgan Silver Dollar
The 1898 Morgan Silver Dollar is quite common in both circulated and uncirculated grades. The 1898 Morgan Dollar typically has a sharp strike with an average to above average luster making this an attractive coin overall. The fact that this coin is readily available in most grades makes it an easy one to add to any Morgan Dollar series collection at an affordable price. The Philadelphia Mint usually strikes great coins, but cherrypicking is often advised. With the 1898 Morgan Silver Dollar, finding your perfect coin should be an accessible and affordable task.
1898 Morgan Silver Dollar Value
The 1898 Morgan Silver Dollar value ranges from less than a hundred dollars to upwards of the low tens of thousands. This is a relatively common coin in the Morgan Dollar series and is easy to find in worn grades and in Mint State. These sharply struck and attractive 1898 Morgan Dollar coins are an affordable way to add to a Morgan Dollar collection.
Type of coin: Silver Dollar
Year: 1898 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 5,884,000
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 1898 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1898 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 1898 Morgan Silver Dollar worth?
A typical 1898 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 1898-O Morgan Silver Dollar?
The 1898-O Morgan Silver Dollar, minted in New Orleans, can vary in value from about $35 in lower grades to over $200 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 1898 Morgan Silver that significantly impact its value?
While the 1898 Morgan Silver Dollar is not known for particularly rare varieties, the overall condition and mint mark (e.g., "O" for New Orleans, "S" for San Francisco, or no mint mark for Philadelphia) can affect its value. The "O" and "S" mint mark versions are generally more valuable.
What is the highest grade and value achieved by an 1898 Morgan Silver Dollar?
The highest grades for an 1898 Morgan Silver Dollar can reach up to MS67, with values that can exceed several thousand dollars, especially for well-preserved examples with significant eye appeal.
How does the mint mark affect the 1898 Morgan Silver Dollar value?
The mint mark on an 1898 Morgan Silver Dollar significantly affects its value. Coins minted in New Orleans (O) and San Francisco (S) are often more valuable than those from Philadelphia (no mint mark), with variations depending on condition and rarity.
Can the silver content of the 1898 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1898 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 1898 Morgan Silver Dollar?
The best places to sell an 1898 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, coin shows, and online platforms that specialize in coins. Ensuring the coin's authenticity and condition can help achieve the best price.
What should collectors look for when purchasing an 1898 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 1898 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1898 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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