1898-O Morgan Silver Dollar

The 1898-O Morgan Silver Dollar had a total mintage of 4.44 million from the New Orleans Mint. Up until the early 1960s, it was almost impossible to come by a Mint State 1898-O Morgan Silver Dollar. Not many were seen during the releases that occurred during the 1940s and 1950s, so anyone that came across this coin had to be willing to part with a lot of money at the time. 

 

History of the 1898-O Morgan Silver Dollar

It wasn’t until the big release at the Philadelphia Mint in 1962, that, from the depths of a sealed vault, plentiful piles of the 1898-O Morgan Silver Dollar Mint State coins came cascading out and the price and rarity of this coin dropped as a result. Circulated 1898-O Morgan Dollars are rare and much less plentiful than the Mint State coins, but the commonness of the Mint State coin has driven down the demand and price for the worn coins. 

 

1898-O Morgan Silver Dollar Value

The 1898-O Morgan Silver Dollar value ranges from less than a hundred dollars now to upwards of the low tens of thousands. Mint State 1898-O Morgan Dollars are fairly common and easy to find. New Orleans wasn’t known for producing attractive coins with sharp strikes, so cherrypicking is always advised with the New Orleans mint mark. The 1898-O Morgan Silver Dollar has an interesting history and is well worth the addition to a Morgan Dollar series collection. 

 

Type of coin: Silver Dollar

Year: 1898-O Morgan Silver Dollar

Morgan Silver Dollar Mint Mark: New Orleans

Total mintage: 4,440,000

Metal content: 90% Silver, 10% Copper

Face value: One dollar

Weight: 27.20 grams

Edge: Reeded

Designer: George T. Morgan

Diameter: 38.10 millimeters