Morgan Silver Dollars have long captured the hearts of collectors and investors alike. Struck from 1878 to 1904, and then again in 1921, these coins not only symbolize a rich history but also hold significant value, particularly in rare varieties. Among the myriad of Morgan Silver Dollars, a few stand out due to their rarity and potential worth, even exceeding $1 million. In this article, we will explore three of the rarest Morgan Silver Dollars that could still be found in circulation today.
1893-S Morgan Silver Dollar
The 1893-S Morgan Silver Dollar is one of the most sought-after coins among collectors. With a mintage of just 100,000 pieces, this coin was released during a time of economic turmoil, leading to its scarcity. Its rarity and the demand among collectors have driven its value to staggering heights, often fetching prices over $1 million at auctions, particularly in high-grade conditions.
1895 Morgan Silver Dollar
The 1895 Morgan Silver Dollar is famously known as the “King of the Morgan Dollars.” This coin was minted in a limited quantity, with only 12,000 pieces struck for circulation. However, many of these coins were held back for inclusion in proof sets, making the circulation pieces exceedingly rare. Due to its low mintage and high demand, the 1895 Morgan Silver Dollar can command prices well over a million dollars, especially if in excellent condition.
1889-CC Morgan Silver Dollar
The 1889-CC Morgan Silver Dollar, minted in Carson City, is another rare coin that collectors covet. With a mintage of only 350,000 coins, it is among the more elusive Morgan Dollars. The Carson City mint mark adds to its allure, as coins from this mint are often more valuable. When in top condition, the 1889-CC can also reach prices exceeding $1 million, particularly in auction settings where collectors are eager to secure this iconic piece.
| Coin Name | Year | Mint Mark | Approximate Value |
|---|---|---|---|
| 1893-S Morgan Silver Dollar | 1893 | S | Over $1 Million |
| 1895 Morgan Silver Dollar | 1895 | None | Over $1 Million |
| 1889-CC Morgan Silver Dollar | 1889 | CC | Over $1 Million |
| 1884-S Morgan Silver Dollar | 1884 | S | Varies |
| 1892-O Morgan Silver Dollar | 1892 | O | Varies |
| 1901 Morgan Silver Dollar | 1901 | None | Varies |
| 1903-S Morgan Silver Dollar | 1903 | S | Varies |
FAQs
What makes these Morgan Silver Dollars so valuable?
The value of these Morgan Silver Dollars is primarily due to their rarity, low mintage, and high demand among collectors. Coins that are in excellent condition or have unique features can command higher prices.
Where can I find these rare Morgan Silver Dollars?
While these coins are scarce, they can sometimes be found in circulation, estate sales, coin shops, or online auctions. However, finding them in good condition is quite challenging.
How can I determine the value of my Morgan Silver Dollar?
To determine the value of a Morgan Silver Dollar, collectors often consider factors such as its condition, rarity, and market demand. Consulting a reputable coin dealer or using price guides can help assess its worth.
Are there any other rare Morgan Silver Dollars I should know about?
Yes, there are several other rare Morgan Silver Dollars worth noting, including the 1884-S and the 1892-O. Each has its own unique history and potential value that collectors should be aware of.
