1902 Morgan Silver Dollar
The 1902 Morgan Silver Dollar had just under 8 million total mintage from the Philadelphia Mint. The 1902 Morgan Dollar was the first one to use the new C-4 reverse on all of the dies, although there were instances on this one, as well as previous years, where there are over-hub issues from pressing the new hub over the old one. Prior to the 1930s, the 1902 Morgan Silver Dollar was more elusive in Mint State. Continue reading to learn more about 1902 Morgan Silver Dollar Value.
AUCTION RECORD: $28,200 • MS67+
Image source: PCGS
History of the 1902 Morgan Silver Dollar
It wasn’t until there were more bag releases between the 1940s and the 1950s that more of these were released in quantities that made the 1902 Morgan Silver Dollar a little easier to come by in Mint State. It is believed that over 100,000 of the 1902 Morgan Dollar exist in Mint State. This coin is fairly common and accessible in worn grades and uncirculated grades. They are usually satiny instead of being frosty, and the strike can vary from poor to sharply struck. Some of these coins have bagmarks, but they aren’t heavy. Cherrypicking is definitely highly advised for the 1902 Morgan Silver Dollar.
1902 Morgan Silver Dollar Value
The 1902 Morgan Silver Dollar value ranges from the hundreds to upwards of the tens of thousands. This coin can range widely in terms of quality, but it is easier to find the 1902 Morgan Dollar that is attractive, well-struck and lustrous. The 1902 Morgan Silver Dollar is an attractive coin that is plentiful in Mint State. This coin would make a great addition to any Morgan Dollar series collection.
Type of coin: Silver Dollar
Year: 1902 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 7,994,000
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 1902 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1902 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 1902 Morgan Silver Dollar worth?
A typical 1902 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 1902-O Morgan Silver Dollar?
The 1902-O Morgan Silver Dollar, minted in New Orleans, can vary in value from about $35 in lower grades to over $150 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 1902 Morgan Dollar that significantly impact its value?
While the 1902 Morgan 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 a 1902 Morgan Silver Dollar?
The highest grades for a 1902 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 1902 Morgan Silver Dollar value?
The mint mark on a 1902 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 1902 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1902 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 a 1902 Morgan Silver Dollar?
The best places to sell a 1902 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 a 1902 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 1902 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1902 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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