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1883 $1 PR

Greysheet & CPG® Values
Melt Value (Silver): 0.7734 oz +13.77%
$29.33
1883 $1  PR
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Proof 1883 Morgan dollars are generally gorgeous, well-struck coins, with the majority of survivors exhibiting some degree of cameo contrast. A select handful even showcase heavy cameo devices against dark, even blackish fields resulting in stunning deep cameo contrast. Most proof 1883 Morgan dollars exist in the PR60-64 range, with small but significant numbers in the Gem proof grades with a few in the PR67-68 range.

Obverse Description

Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.

Reverse Description

The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.

Book Reference

Key to Collecting: Among Morgan dollars of the 1880’s, the 1883 Philadelphia Mint issue is among the most available. Produced in quantity, such pieces were often struck in haste, and some care needs to be exercised to find attractive pieces. Regardless of striking quality—sharp or weak—most pieces have satiny mint luster.

Surface Quality: The majority of 1883 Morgan dollars range from average strikes to sharp, but some weakly impressed examples exist here and there. Cherrypicking is recommended, as always. The 1883 is usually lustrous and frosty, although some pieces can be slightly dull.

Prooflike Coins: Many are from prooflike dies, one side or the other, or both. Some DMPL coins exist with excellent cameo contrast and are rare, but no doubt the market for such is diminished by the availability of Proof strikings.

Mintage and Distribution: The 1883 was released into circulation from the era of striking onward, creating a “common date” from the beginning. Many bags were paid out in the 1950’s and 1960’s. The Continental-Illinois Bank hoard, distributed later, had 12 to 15 bags.

PROOF STRIKES:

Mintage: 1,039. Breen comment: “Mintage: First quarter 650, second 195, third 50, fourth 175, total 1,070, of which 1039 were delivered with the Proof sets, leaving 31 which were all melted at year’s end.”31

Key to Collecting: Usually well struck. Good cameo contrast between the design and the mirrored fields, but not as dramatic as on the Proofs of recent years. Finding a nice one may require some searching. If you can afford higher grades, the best way to start is to inspect pieces that have been certified as Proof-64 or finer, then go from there to determine quality. If I were buying, I would rather have a lightly toned and very appealing Proof-64, certified, than a Proof-66, certified, that has blotches or is too dark.

VARIETIES:

There are no die varieties that have commanded wide attention, but the specialist in Van Allen–Mallis varieties has well over a dozen possibilities from which to choose.

Catalog Information

GSID: 7805
Designer: George T. Morgan
Obverse Designer: George T. Morgan
Obverse Lettering: E PLURIBUS UNUM, LIBERTY, 1883
Reverse Designer: George T. Morgan
Reverse Lettering: UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness: 0.9
Weight (gr): 26.73 gr
Weight (oz): 0.8594 oz
Precious Metal Weight: 0.7734 oz
Strike Type: Proof
Diameter: 38.1
Coin Shape: Round
Edge: Reeded
Coin Date: 1883
Denomination: $1
Designation: PR
Mint Location: Philadelphia
Mintage: 1,039
Coinage Type: Morgan silver dollar
Coinage Years: 1878-1921
Composition: 90% silver; 10% copper
PCGS #: 7318
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Coin Value History
1883 $1 PR
Value By Grade
1883 $1 PR
CPG (retail) values
Value by grade is available to subscribers. Subscribe to View

Values

Greysheet & CPG® Values
Melt Value (Silver): 0.7734 oz +13.77%
$29.33
GSID:7805 PCGS:7318 Shop related

Values

Greysheet & CPG® Values
Greysheet & CPG® Values by grade for 1883 $1 PR
Grade CAC CPG Value (Retail) Greysheet Price (Wholesale)
PR68 CAC $38,500 $1,234
PR68 - $26,000 $1,234
PR67 CAC $1,234 $1,234
PR67 - $1,234 $1,234
PR66 CAC $1,234 $1,234
PR66 - $1,234 $1,234
PR65 CAC $1,234 $1,234
PR65 - $1,234 $1,234
PR64 CAC $1,234 $1,234
PR64 - $1,234 $1,234
PR63 CAC $1,234 $1,234
PR63 - $1,234 $1,234
PR62 CAC $1,234 $1,234
PR62 - $1,234 $1,234
PR61 CAC $1,234 $1,234
PR61 - $1,234 $1,234
PR60 CAC $1,234 $1,234
PR60 - $1,234 $1,234
AU58 CAC $1,234 $1,234
AU58 - $1,234 $1,234
AU55 CAC $1,234 $1,234
AU55 - $1,234 $1,234
AU53 CAC $1,234 $1,234
AU53 - $1,234 $1,234
AU50 CAC $1,234 $1,234
AU50 - $1,234 $1,234

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Auction Prices

Recent public sale records for this item
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1883 $1 PR65 PCGS....
1883 $1 PR65 PCGS....
$4,680
Sold 4/4/2025
Heritage Auctions
1883 $1 PR61 PCGS....
1883 $1 PR61 PCGS....
$2,880
Sold 4/4/2025
Heritage Auctions
1883 $1 PR63 NGC....
1883 $1 PR63 NGC....
$3,840
Sold 2/28/2025
Heritage Auctions
1883 $1 PR62 PCGS....
1883 $1 PR62 PCGS....
$2,640
Sold 5/10/2024
Heritage Auctions
1883 $1 PR64 NGC. Subtle contrast appears on each side despite the lack of a Cameo designation, complementing watery fields...
1883 $1 PR64 NGC. Subtle contrast appears on each side despite the lack of a Cameo designation, complementing watery fields...
$6,000
Sold 4/10/2024
Heritage Auctions
1883 $1 PR67 NGC. VAM-22....
1883 $1 PR67 NGC. VAM-22....
$8,400
Sold 12/14/2023
Heritage Auctions
1883 $1 PR60 NGC. NGC Census: (6/247). PCGS Population: (9/281). CDN: $2,150 Whsle. Bid for NGC/PCGS PR60. Mintage 1,039. ...
1883 $1 PR60 NGC. NGC Census: (6/247). PCGS Population: (9/281). CDN: $2,150 Whsle. Bid for NGC/PCGS PR60. Mintage 1,039. ...
$2,220
Sold 1/18/2023
Heritage Auctions
1883 $1 PR58 PCGS. PCGS Population: (1/286). NGC Census: (3/251). CDN: $1,550 Whsle. Bid for NGC/PCGS PR58. Mintage 1,039. ...
1883 $1 PR58 PCGS. PCGS Population: (1/286). NGC Census: (3/251). CDN: $1,550 Whsle. Bid for NGC/PCGS PR58. Mintage 1,039. ...
$1,560
Sold 5/4/2022
Heritage Auctions
1883 $1 PR66 NGC. ...
1883 $1 PR66 NGC. ...
$5,040
Sold 6/6/2019
Heritage Auctions
1883 $1 PR68 PCGS. ...
1883 $1 PR68 PCGS. ...
$27,600
Sold 6/14/2018
Heritage Auctions
1883 $1 PR55 PCGS. PCGS Population (1/252). NGC Census: (0/254). Mintage: 1,039. ...
1883 $1 PR55 PCGS. PCGS Population (1/252). NGC Census: (0/254). Mintage: 1,039. ...
$705
Sold 8/14/2016
Heritage Auctions
1883 Proof, Altered Surfaces, Improperly Cleaned NCS. ...
$293
Sold 11/4/2003
Heritage Auctions
1883 $1 PR65 PCGS....
1883 $1 PR65 PCGS....
$4,920
Sold 7/21/2023
Heritage Auctions
1883 $1 PR61 NGC. NGC Census: (12/229). PCGS Population: (16/252). CDN: $2,050 Whsle. Bid for NGC/PCGS PR61. Mintage 1,039....
1883 $1 PR61 NGC. NGC Census: (12/229). PCGS Population: (16/252). CDN: $2,050 Whsle. Bid for NGC/PCGS PR61. Mintage 1,039....
$2,340
Sold 1/27/2021
Heritage Auctions
1883 $1 PR63 PCGS....
1883 $1 PR63 PCGS....
$2,760
Sold 5/10/2024
Heritage Auctions
1883 $1 PR62 Cameo ANACS. Mintage 1,039....
1883 $1 PR62 Cameo ANACS. Mintage 1,039....
$2,582
Sold 7/22/2020
Heritage Auctions
$1 1883 PCGS PR64+ CAC
$1 1883 PCGS PR64+ CAC
$5,170
Sold 7/28/2022
Legend Numismatics
1883 $1 PR67 NGC. VAM-22. ...
1883 $1 PR67 NGC. VAM-22. ...
$9,300
Sold 10/6/2022
Heritage Auctions
1883 $1 PR60 PCGS. PCGS Population: (10/265 and 0/4+). NGC Census: (5/239 and 0/3+). PR60. Mintage 1,039....
1883 $1 PR60 PCGS. PCGS Population: (10/265 and 0/4+). NGC Census: (5/239 and 0/3+). PR60. Mintage 1,039....
$1,440
Sold 6/9/2019
Heritage Auctions
1883 $1 PR66 PCGS. CAC. ...
1883 $1 PR66 PCGS. CAC. ...
$8,400
Sold 2/22/2018
Heritage Auctions
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