1895 Morgan Silver Dollar Mintage Figures. The image below illustrates the Morgan Silver Dollar Mintage figures for each year and mintmark combination for the Morgan Dollar series. Led by Congressman Richard "Silver Dick" Bland, the silver lobby was able to influence the legislation that made the U.S. Treasury its biggest customer. It is quite reasonable to expect a minimum outlay of $500 to $800 for any example of an 1895 Morgan Dollar. This is simply because the United States Mint made almost a billion Morgan silver dollars between 1878 and 1921. Many of the dealers were just after the silver bullion at lower-than-market cost, but others realized the potential collector value of these 60 to 80-year-old mint state silver dollars. Since no circulation strikes are known to exist for the 1895 Morgan Dollar, proof examples are extremely expensive. As late as the 1950s, it was possible to find an 1895-S in your silver dollars at Las Vegas casinos. The Treasury had to do something with all this silver, so it had the Mint produce the Liberty Head, or Morgan, silver dollars. If your goal is a complete date-and-mintmark set of Morgan Dollars, the 1895 Philadelphia piece will present a significant challenge. The finest 1895-O Dollar is a single PCGS MS-67, the phenomenal coin once owned by Silver Dollar specialists Wayne Miller and Jack Lee, and which realized $575,000 way back in 2005. The main mint in Philadelphia did not use a mintmark. The 1895-O Morgan dollar is known for its bad strikes. Minted only in proof, the 1895 dollar is a rare coin indeed, and one that often ever really shows up in big auctions or at major coin dealer firms. Only 450,000 were struck, of which many were likely melted. Buy & Sell This Coin. The Value of An 1895-S Morgan Dollar. The Redfield hoard got a lot of publicity, and as the U.S. population had become a lot more familiar with the value of silver coins in the years following the change from silver coinage to clad coinage. There were still plenty of Morgans to go around since they only circulated in a few small areas. She is a member of the American Numismatic Association. If your goal is a complete date-and-mintmark set of Morgan Dollars, the 1895 Philadelphia piece will present a significant challenge. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. This book lists all of the known die varieties of the Morgan dollar series and spurred collectors to examine their coins more closely for detail. Like most other coins struck at San Francisco, many 1895-S Morgan dollars entered circulation. The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. The Treasury was forced to buy this incredible amount of silver, all of which was flowing out of the Comstock Lode in Nevada, because of a group of silver mine owners who had formed a lobbying group. New Orleans was the only other functioning U.S. Mint, and it only produced 450,000 Morgan silver dollars in 1895. The 1895 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. Susan is an avid coin collector of over 30 years, and has written 150 articles for The Spruce. The real feeding frenzy came when an amazing hoard of more than 400,000 Morgans was found in the basement of Nevada miser LaVere Redfield after his death in 1975. The Treasury had about 2.9 million Morgans left in 1964, mostly scarce Carson City specimens, which the GSA put up for public sale via mail-bid auctions starting in 1972. 46. 1895 Morgan Dollar values and facts of the coin that should exist but doesn't. Tens of millions of Morgans were bought at face value until 1964 when the Treasury shut down the silver certificate exchange program. $63.46 $ 63. 4.0 out of 5 stars 7. Some of the Proof specimens have been circulated, usually by accident because the Mint didn't always package them so nicely as they do today, but no business strike example of the 1895 Morgan Silver Dollar has ever been found. 1895 Proof Morgan Silver Dollar pictures, mintage, facts, and information. Although the Morgan Dollar wasn't very popular when it first came out, we know today that it is one of the most popular coin types in the entire U.S. coinage series. Out of all the different dates and mintmark combinations, the 1895 no mint mark is the rarest of them all. Numismatic scholars do not agree with each other on how or why the 12,000 circulation strike specimens of the 1895 Morgan silver dollar have vanished. The proper numismatic term for the coin type is the "Liberty Head" silver dollar. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $634, while one in certified mint state (MS+) condition could bring as much as $18,000 at auction. If you ever have a question about the grading of a coin, please contact the grading service company with the serial number of the coin in this listing for more details. The ones that were released into circulation at the time of their striking quickly acquired the look of an AU coin due to poor strikes and luster. The Spruce Crafts uses cookies to provide you with a great user experience. 1896 Morgan Silver Dollar Value Pushed higher by bullion prices your 1896 Morgan silver dollar value is a minimum of . Interestingly, the only version of the Philadelphia issue known to exist is a proof; there are no indicated business strikes. But we do know that this is the rarest of all Morgan dollars. Millions of Morgan silver dollars sat in government vaults for many decades, languishing in obscurity. No Morgan dollars at all were struck at the main U.S. Mint in Philadelphia, and only 400,000 were made at the San Francisco Mint. The 1895 Morgan silver dollar is known as the "King of the Morgan Dollars" because it is the rarest and one of the most valuable coins in the entire Morgan Dollar series. The 1895 is a major hurdle for Morgan Dollar collectors seeking a complete set, which explains its high value. Buy & Sell This Coin. 1895 Morgan Silver Dollar As far as US coins are concerned, few are more popular than the Morgan Silver Dollar, which was first minted in the late 1800s. These sub-categories were naturally more scarce than just any coin from that year, so collectors who might previously have been satisfied with one specimen from each year and mint now had to have several from each year to complete the "set.". 1895-S Morgan Silver Dollar - KEY DATE We acquire coins from a variety of sources with some being graded before we get them and some we send out to grading service companies after we receive them. With the passage of the Bland-Allison Act in 1878, the United States government was required to buy between two and four million ounces worth of silver every month, and convert it into silver dollars. The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. The New Orleans Mint used an "O" and the San Francisco Mint an "S”. Some believe that the coins were minted, but as the Treasury Department melted hundreds of millions of coins throughout the years, some believe that the 12,000 unaccounted-for 1895 coins were melted. Coins that were previously valued based on a given year's known mintage of a certain number of specimens now had sub-categories of specimens for that year based on die varieties. In February of 1878, a law called the Bland-Allison Act was passed by Congress requiring the Treasury to buy between two and four million troy ounces of silver per month. Multi-thousand 1895 Morgan Silver Dollar Value Top condition 1895 Morgan silver dollars are highly sought by collectors. Direct pressure from the silver mining industry, particularly the western states, led to the creation of the Morgan Dollar. Free Shipping by Amazon. The VAM book boosted the values of Morgan dollars into the big time. As for the New Orleans and San Francisco issues, expect a hide-and-seek game when it comes to tracking down either of the two branch mint pieces from 1895. Most scholars believe that the Mint never produced the coins in the first place and that this notation in the Mint accounting ledgers is an error. So, as a starting point, if you’re noticing a wide variety of Morgans in this date range with the New Orleans Mint “O” mint mark, that should be your first clue that a forgery could be for sale. This 1895 Morgan dollar forgery is a simple case of just too much silver and not enough effort on the details. Unlike Silver Dollars of the past, the Morgan Silver Dollar boasted a design that was intricate in its detail and had imagery that captivated the American public. After 130 years of being minted, the Morgan Silver Dollar is still among the most popular coins sold in the country and is also advised as a smart investment, due to its low mintage averages and 90% silver content. The 1895 Proof Morgan dollar is considered the "King of Morgans" by many. Type: Morgan Silver Dollar Year: 1895 Mint Mark: S Face Value: 1.00 USD Total Produced: 400,000 [ Silver Content: 90% Silver Weight:.7735 oz. The Morgan Silver Dollar Coin name is in homage to their designer, George T. Morgan. Are you concerned the precious metals train has left the station without you? Before You Invest in Morgan Dollars, Consider These Points, What You Need to Know About Bicentennial Quarters, How to Collect Kennedy Half Dollars Coins, Eisenhower Dollar (Ike Dollars) Specifications and Details. Combine wear with the normal bumps and nicks of use and a … Value of 1895 Morgan Silver Dollar. Q. David Bowers : The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993) For the scarce 1895 Philadelphia Morgan Dollars that still exist, they most often only come up as auction pieces, though a few will appear in the hands of established coin dealers. The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. With regard to the 1895 silver dollar, it is estimated that approximately half of the original mintage has survived, resulting in an enduring rarity for collectors. 1895 O MORGAN SILVER DOLLAR HI GRADE GENUINE U.S. MINT RARE KEY COIN 3679 The 1895-S Morgan Dollar (Buy on eBay) is one of the lower mintage issues of the series with just 400,000 pieces struck at the San Francisco Mint.The low mintage results in a premium across all grade levels from circulated to gem. 1895-O Morgan Silver Dollar pictures, mintage, facts, and information. It is quite reasonable to expect a minimum outlay of $500 to $800 for any example of an 1895 Morgan Dollar. 2020 (P) American Silver Eagles: A New Modern Rarity, 1895 Proof (no circulation strikes are known to exist): 880; $35,000+. Value of 1895-O Morgan Silver Dollar. The coin was also derisively called a "cartwheel" for its large size and weight. By using The Spruce Crafts, you accept our, Morgan Silver Dollar Specifications and Details. All ... Pre-1921 Morgan Silver Dollar Gem Brilliant Uncirculated (BU) Condition (1878-1904) Set Uncirculated. However, research has accounted for 750 to 800 of the 1895 Morgans, all of them, Proofs. It owes this title to the fact that not a single business-strike 1895-P Morgan dollar is known. $25.81 .Additionally, of higher value to … The Morgan silver dollar is perhaps still the most popular of all American 90% silver coins scarcely available today. Therefore, mint employees revived the Morgan silver dollar design that was used for part of the year until the Peace silver dollar dies were ready for production. Which theory is correct, we will never know. Although the Philadelphia Mint reported the production of 12,000 mint state dollars in 1895, none have ever surfaced. By 1980, as the supplies dwindled, the public finally became interested in collecting the beautiful Morgan Dollar. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Many collectors consider the 1895-S Morgan dollar a … A copy of a rare coin is generally only worth its metal value. Sometime around 1960, certain coin dealers became aware that the Treasury Department was swapping Morgan Dollars that were more than 80 years old, on a dollar for dollar basis, in exchange for silver certificates. Key Dates, Rarities, and Varieties The Morgan silver dollars listed below are worth considerably more than common Morgan silver dollars in … It is worth noting that the mintage of the 1895 Proof Morgan Dollar was not particularly low when compared to the mintages of other Proof Morgan Dollars struck by the Philadelphia Mint. Regrettably, most entered circulation at the time and quickly developed wear. 1-16 of 191 results for "1895 morgan silver dollar" Skip to main search results Eligible for Free Shipping. Given that there are no business strike specimens known to exist, a Proof specimen will have to be obtained to complete your collection of Morgan silver dollars. Only a few hundred Proof 1895 Morgan Silver Dollar exist today, although US Mint records indicate 12,000 business strike dollars were produced. The 1895-O Morgan dollar is one of the key conditional rarities of the entire series. 1895 S Morgan Dollar: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. The 1895 Morgan Silver Dollar ranges in value from about $21,000 in Very Good-8 up to about $40,000 for uncirculated coins. The 1895 Morgan dollar is well known as one of the series’ premier rarities. While neither branch mint 1895 Morgan Dollar is nearly as rare as the 1895 Philadelphia Morgan Dollars, you will still have to overcome some hurdles while you are looking to add those pieces to your collection. It’s prudent that any 1895 Morgan Dollar you buy should be in a slab with a recognizable third-party logo. The Morgan Dollar is so-called because George T. Morgan designed it. 1895 O Morgan Dollar: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. What Are VAM Morgan and Peace Silver Dollar Die Varieties? New Orleans Mint Morgan Silver Dollar coins from the 1890s are semi-key date pieces, meaning they are relatively hard to come by in the greater series of Morgan Silver Dollars. This page also shows coins listed for sale so you can buy and sell. According to U.S. Mint records, there were 12,000 circulation strike Morgan silver dollars struck for 1895, and 880 Proof specimens struck. What baffles the experts is, where did 12,000 plus coins go? When it first came out, it was an unpopular coin frequently derided as the "Buzzard Dollar" because of the shape of the eagle's head and its scrawny appearance. The publication of the "Comprehensive Catalog and Encyclopedia of Peace and Morgan Silver Dollars" by Leroy Van Allen and George Mallis, also known as the VAM book, also spurred significant collector interest in Morgan silver dollars. The 1895 Morgan silver dollar is known as the "King of the Morgan Dollars" because it is the rarest and one of the most valuable coins in the entire Morgan Dollar series. 1895 O MORGAN SILVER DOLLAR XF+ DETAILS NEW ORLEANS MINT COIN - 450,000 MINTED The Morgan Silver Dollar has a fineness of .900, and weighs a total silver content of 0.77344 troy ounces per coin. Type: Morgan Silver Dollar Year: 1895 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 880 [ Silver Content: 90% Silver Weight:.7735 oz. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $28786, while one in certified mint state (MS+) condition could bring as much as $70,000 at auction. The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. This page also shows coins listed for sale so you can buy and sell. Another theory proposes that the coins were lost at sea in a shipwreck. Reasonable to expect a minimum outlay of $ 500 to $ 800 for any example of an 1895 Morgan Dollar... It was possible to find an 1895-S in your silver 1895 morgan silver dollar in 1895, and San Francisco an. And 880 Proof specimens struck produced 450,000 Morgan silver Dollar Gem Brilliant Uncirculated ( BU ) (... Value Pushed higher by bullion prices your 1896 Morgan silver Dollar was produced in three mints New. Mint, and has written 150 articles for the coin was also derisively a... 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