If you’re a coin enthusiast or have inherited an old coin collection, you may be sitting on a fortune without even knowing it. Some Morgan Silver Dollars, minted between 1878 and 1904 (and again briefly in 1921), are not just pieces of history—they’re worth thousands to over a million dollars.
In this article, we reveal 6 rare and valuable Morgan Silver Dollars that might be tucked away in your collection, complete with mintage numbers, current estimated values, and why they’re so desirable.
What Makes Morgan Silver Dollars So Valuable?
Morgan Silver Dollars are named after their designer, George T. Morgan, and were minted in multiple U.S. Mints including Philadelphia, Carson City, New Orleans, San Francisco, and Denver. Their value is determined by factors like:
- Mintage numbers (how many were made)
- Mint marks (where they were made)
- Condition/grade
- Historical significance
6 Rare Morgan Silver Dollars to Watch For
Here’s a closer look at the top 6 valuable Morgan Silver Dollars you should be checking for in your collection:
| Coin | Mintage | Estimated Value (Low to High) | Mint Mark |
|---|---|---|---|
| 1893-S Morgan Dollar | 100,000 | $4,000 – $1,250,000+ | S |
| 1884-S Morgan Dollar | 3,200,000 | $35 – $1,000,000+ | S |
| 1889-CC Morgan Dollar | 350,000 | $500 – $1,200,000 | CC |
| 1895-O Morgan Dollar | 450,000 | $200 – $750,000 | O |
| 1895 Morgan Dollar | 880 (Proof) | $35,000 – $175,000 | None (Proof) |
| 1893-CC Morgan Dollar | 677,000 | $250 – $150,000 | CC |
1. 1893-S Morgan Silver Dollar
The rarest and most valuable Morgan Silver Dollar. With only 100,000 coins minted, it’s considered a crown jewel among collectors.
- Even in low grades, values start around $4,000
- Uncirculated versions can exceed $1.2 million
If you own this coin, especially in a higher grade, you’re holding one of the most coveted coins in U.S. history.
2. 1884-S Morgan Silver Dollar
Though over 3 million were minted, finding one in mint state condition is extremely rare.
- Lower-grade coins sell for around $35
- High-grade versions (MS-65 or higher) can go for over $1,000,000
This coin proves that condition is everything in the world of coin collecting.
3. 1889-CC Morgan Silver Dollar
Minted in Carson City, this is one of the most famous “CC” marked Morgans.
- Highly collectible due to its mint mark and limited quantity
- Prices range from $500 in worn condition to over $1.2 million for MS-68 quality
Carson City Morgans are legendary among collectors, and this is one of the top stars.
4. 1895-O Morgan Silver Dollar
With many melted or lost, surviving specimens are few and far between.
- Mintage of 450,000, but most circulated heavily
- Rare in mint state, with prices reaching $700,000+
Its rarity and southern mint origin (New Orleans) make it highly collectible.
5. 1895 Morgan Silver Dollar (Proof Only)
Dubbed the “King of the Morgan Dollars,” the 1895 Morgan is special because no circulation strikes exist—only proofs were minted.
- Just 880 proofs issued
- Prices range from $35,000 to $175,000 depending on grade
If you find this, you’ve struck collector gold.
6. 1893-CC Morgan Silver Dollar
Another gem from the Carson City Mint, known for low mintages and high desirability.
- Only 677,000 minted
- Worth $250 in circulated condition, and up to $150,000 uncirculated
A classic rarity combining scarcity and Wild West allure.
Morgan Silver Dollars are more than silver—they’re American treasures. If you’ve inherited coins or enjoy collecting, inspect your collection closely. These six Morgans could turn your hobby into a profitable discovery.
Whether you’re looking to sell, trade, or preserve your rare finds, knowing their true value is your first step toward unlocking their potential.
FAQs
How do I know if my Morgan Dollar is rare?
Look at the date, mint mark, and condition. Coins from Carson City (CC), San Francisco (S), or New Orleans (O) with low mintages are often valuable. Use a magnifier to spot the mint mark beneath the tail feathers on the reverse.
What does the “CC” mint mark mean?
“CC” stands for Carson City, a mint known for low-production coins. Morgan Dollars with a CC mint mark are generally more valuable and highly sought-after.
How can I get my coin professionally graded?
You can send your coin to reputable grading services like PCGS or NGC. They’ll assess your coin’s condition and authenticity, and provide an official grade that helps determine its market value.