1899 Morgan Silver Dollar
The 1899 Morgan Silver Dollar had a relatively small mintage of just 330,000 from the Philadelphia Mint. This was one of the lowest strikes in the entire Morgan Dollar series. It is believed that not many of these coins made it into circulation so they were viewed as a rarity for quite some time. That rarity combined with the small total mintage made these coins appealing to investors and collectors. Continue reading to learn more about 1899 Morgan Silver Dollar Value.
AUCTION RECORD: $21,150 • MS67+
Image source: PCGS
History of the 1899 Morgan Silver Dollar
During the 1950s and 1960s, many of the uncirculated 1899 Morgan Dollars were released from storage. It believed that anywhere between 50,000 and 100,000 were released. The 1899 Morgan Silver Dollar has had interesting commentary surrounding its total mintage. Many have challenged the idea that only 330,000 were struck, claiming that it was actually in the millions, but there has been no proof of this over the years. In worn grades, the 1899 Morgan Dollar is much more elusive, one of the more elusive in the Morgan Dollar series. It is believed that only 6,000 to 12,000 worn 1899 Morgan Silver Dollars exist.
1899 Morgan Silver Dollar Value
The 1899 Morgan Silver Dollar value ranges from the hundreds to the low tens of thousands. It is surprising that for such a low mintage it doesn’t bring in higher prices. The quality of the 1899 Morgan Dollar comes in a wide range, from sharply struck and lustrous to a weak strike and poor luster. The 1899 Morgan Dollar is a fun and unique coin to add to a Morgan Dollar series collection due to the mystery and story behind it.
Type of coin: Silver Dollar
Year: 1899 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 330,000
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 1899 Morgan Silver Dollar value?
The Morgan Silver Dollar value, particularly for the 1899 edition, is influenced by its mint mark, condition (or grade), rarity, and silver content. The 1899 Morgan Dollar's value is also significantly impacted by specific mintages, with the 1899-O and 1899-S being more common, and the 1899 (Philadelphia) being particularly rare in high grades.
How much is a typical 1899 Morgan Silver Dollar worth?
A typical 1899 Morgan Silver Dollar in circulated condition might be worth around $30 to $60. Uncirculated examples, especially those without a mint mark (Philadelphia), can fetch significantly higher prices, often starting at a few hundred dollars.
What is the value of an 1899-O Morgan Silver Dollar?
The 1899-O Morgan Silver Dollar, minted in New Orleans, is more common and its value ranges from about $30 in lower grades to over $150 for higher uncirculated grades. Prices can be higher for MS65 and above conditions due to their better preservation.
Are there any rare varieties of the 1899 Morgan Dollar that significantly impact its value?
The 1899 Morgan Dollar itself is considered relatively common in the "O" and "S" mintages. However, the Philadelphia minted 1899 Morgan Dollar without a mint mark is scarce in uncirculated condition, significantly impacting its value.
What is the highest grade and value achieved by an 1899 Morgan Silver Dollar?
The highest grades for an 1899 Morgan Silver Dollar, particularly the Philadelphia issue, can reach MS65 or higher, with values that can exceed $10,000 due to its rarity in such well-preserved condition.
How does the mint mark affect the 1899 Morgan Silver Dollar value?
The mint mark on an 1899 Morgan Silver Dollar significantly affects its value. The Philadelphia minted coins (no mint mark) are highly valued in uncirculated conditions due to their rarity, whereas the "O" (New Orleans) and "S" (San Francisco) minted coins are more common and thus less valuable in lower grades.
Can the silver content of the 1899 Morgan Silver Dollar influence its value?
While the silver content of the 1899 Morgan Silver Dollar, which is 90% silver, provides a base value tied to the current silver bullion market, the numismatic value for collectors, especially for the Philadelphia issue, often far exceeds the melt value.
Where is the best place to sell an 1899 Morgan Silver Dollar?
The best places to sell an 1899 Morgan Silver Dollar include reputable coin dealers, numismatic auctions, and coin shows. Online platforms that specialize in coins can also be effective, provided they cater to serious collectors.
What should collectors look for when purchasing an 1899 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, and any signs of wear or damage. For the Philadelphia minted 1899 Morgan Dollars, finding one in uncirculated condition is particularly valuable.
How should I store my 1899 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1899 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.
You may also like war silver nickels, 1964 Kennedy Half Dollar, seated half dime, 1963 Franklin Half Dollar, 1909 VDB Lincoln Penny, Peace Dollar BU, quarters worth money, pennies worth money list, 1941 wheat penny value, us coins value, 1986 Statue of Liberty Silver Dollar, widow's mite.