1903 Morgan Silver Dollar
The 1903 Morgan Silver Dollar had around 4.7 million total mintage and was struck at the Philadelphia Mint. The 1903 Morgan Dollar is a common date to find and many bags of Mint State coins have been released over the decades. The higher the grade of this coin, the more scarce it becomes. Mint State 1903 Morgan Silver Dollar coins were more elusive until major releases in 1955. This coin is a beautiful one to add to a Morgan Dollar series collection. Continue reading to learn more about 1903 Morgan Silver Dollar Value.
AUCTION RECORD: $5,175 • MS66
Image source: PCGS
History of the 1903 Morgan Silver Dollar
The 1903 Morgan Silver Dollar is fairly common in worn grades and Mint State, especially in lower grades. It is believed that the 1903 Morgan Dollar is one of the best struck overall at the Philadelphia Mint from the Morgan Dollar series. Hoards of these coins aren’t usually common, as with most in the series that were released over the years, but some have been shown to come on the market. Most of the 1903 Morgan Silver Dollars have a sharp strike with excellent detail, and have a brilliant, although not frosty, luster that is very attractive with minor, if any, abrasions.
1903 Morgan Silver Dollar Value
The 1903 Morgan Silver Dollar value ranges from less than a hundred dollars to upwards of the low tens of thousands. This coin is often sharply struck with a smooth satin finish that is brilliant and attractive. The 1903 Morgan Dollar is a worthwhile coin to add to a Morgan Dollar series collection, not only for its beauty, but for its ease of access and affordability compared to some of the other aesthetically-pleasing Morgan Dollar coins.
Type of coin: Silver Dollar
Year: 1903 Morgan Silver Dollar
Morgan Silver Dollar Mint Mark: Philadelphia
Total mintage: 4,652,000
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 1903 Morgan Silver Dollar value?
The Morgan Silver Dollar value, especially for the 1903 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 1903 Morgan Silver Dollar worth?
A typical 1903 Morgan Silver Dollar in circulated condition might be worth around $30 to $60. Uncirculated examples, depending on their grade, can fetch from $100 to several hundred dollars.
What is the value of a 1903-O Morgan Silver Dollar?
The 1903-O Morgan Silver Dollar, once considered one of the rarest in the series but became more available after a hoard was released in the 1960s, can vary in value from about $200 in lower grades to over $600 for higher uncirculated grades.
Are there any rare varieties of the 1903 Morgan Dollar that significantly impact its value?
The 1903 Morgan Dollar itself is sought after in high grades, but there are no widely recognized rare varieties for this year that significantly impact its value beyond the standard mint mark variations.
What is the highest grade and value achieved by a 1903 Morgan Silver Dollar?
The highest grades for a 1903 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 1903 Morgan Silver Dollar value?
The mint mark on a 1903 Morgan Silver Dollar significantly affects its value. The "O" (New Orleans) and "S" (San Francisco) mint marks are generally more valuable than the Philadelphia (no mint mark) version, with the "O" mint mark being particularly sought after due to its historical rarity perception.
Can the silver content of the 1903 Morgan Silver Dollar influence its value?
Yes, the silver content of the 1903 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 1903 Morgan Silver Dollar?
The best places to sell a 1903 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 1903 Morgan Silver Dollar?
Collectors should look for the coin's overall condition, mint mark, any notable varieties, and signs of original luster. Purchasing coins that have been professionally graded can also offer assurance regarding the coin's authenticity and condition.
How should I store my 1903 Morgan Silver Dollar to preserve its value?
To preserve the value of your 1903 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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