Whitman Expo
The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
Thank you to our sponsors!
Go check them out!
Scarce in all grades and especially rare in uncirculated levels, the 1892-S Morgan dollar is a tough coin for those who want a quality specimen. PLs are exceedingly rare and DMPLs boast only a few survivors, none of either format in the Gem 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: Years ago, worn 1892-S dollars were common in dealers’ stocks, and little attention was paid to them. Then, after the 1962 through 1964 Treasury releases were analyzed, and no cascade of Mint State 1892-S dollars had been found, a great demand arose for circulated pieces to supply the date and mint. The few Uncirculated coins that did exist mounted to ever-higher market levels, while more than just a few AU pieces were sold as being in Mint State (casting a pall on the market for this rarity). Today, most collectors will opt for an inexpensive VF or an affordable EF, the 1892-S often being one of the few Morgan dollars in a set that is not Mint State.
Surface Quality: Usually above average and quite good. Typically seen with satiny luster or somewhat prooflike.
Prooflike Coins: Among high-grade 1892-S dollars, many are somewhat prooflike (not at all DMPL), perhaps half of the population.
Mintage and Distribution: Delivery figures by month: January, 100,000; February, 100,000; March, 100,000; April, 100,000; May, 100,000; June, 100,000; July, 100,000; August, 100,000; September, 100,000; October, 100,000; November, 100,000; December, 100,000, the last concluding a unique record of consistent monthly coinage for an entire year. Many 1892-S dollars were placed into circulation in the late nineteenth and early twentieth centuries. Others were stored in the San Francisco Mint. At least one bag was paid out in 1925 and 1926, but little numismatic notice was taken of the coins.
I am not aware of any bags of Mint State 1892-S dollars released after the 1930’s, although now and again a few pieces would be found mixed with other coins. For a long time the 1892-S, although rare in Mint State, was not greatly desired. In 1982, Wayne Miller noted that a half dozen or so Uncirculated coins had come to light in recent years, and that “probably fewer than 200 specimens exist in choice BU [MS-63] or better condition.”
Miller also noted that “most” investment advisory letters stated that the 1892-S dollar “is one of the few key date Morgans which is not instantly saleable in choice BU condition.” In 1992, Maurice Rosen suggested that the lack of demand was probably because many AU coins were offered as “Uncirculated,” although true Uncirculated coins were rare. Philosophies change, and today a gem would, indeed, find a ready market.
VARIETIES:
Varieties include VAM-2 (date slightly doubled) and VAM-7 (92 of date doubled), as well as various mintmark positions and orientations. For a long time this variety existed in small but suffcient quantities to satisfy collector demand.
Catalog Information
GSID:
7608
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1892
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:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1892-S
Denomination:
$1
Designation:
MS
Mint Location:
San Francisco
Mint Mark:
S
Mintage:
1,200,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7218
Send Catalog Feedback
To: editor@greysheet.com
Subject: I would like to contribute catalog info to CDN for 1892-S $1 MS
Body: Referring page: http://dev.greysheet.com/prices/item/1892-s-morgan-silver-dollar-coin-values/gsid/7608 GSID: 7608 Title: 1892-S $1 MS
Subscribe to View
View more data, info, and visualizations. Get access to retail and wholesale pricing as well as auction data.
Coin Value History
1892-S $1 MS
Value By Grade
1892-S $1 MS
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS68 |
|
$1,080,000 | $1,234 |
| MS68 | - | $900,000 | $1,234 |
| MS67 |
|
$1,234 | $1,234 |
| MS67 | - | $1,234 | $1,234 |
| MS66 |
|
$1,234 | $1,234 |
| MS66 | - | $1,234 | $1,234 |
| MS65 |
|
$1,234 | $1,234 |
| MS65 | - | $1,234 | $1,234 |
| MS64 |
|
$1,234 | $1,234 |
| MS64 | - | $1,234 | $1,234 |
| MS63 |
|
$1,234 | $1,234 |
| MS63 | - | $1,234 | $1,234 |
| MS62 |
|
$1,234 | $1,234 |
| MS62 | - | $1,234 | $1,234 |
| MS61 |
|
$1,234 | $1,234 |
| MS61 | - | $1,234 | $1,234 |
| MS60 |
|
$1,234 | $1,234 |
| MS60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
| XF45 |
|
$1,234 | $1,234 |
| XF45 | - | $1,234 | $1,234 |
| XF40 |
|
$1,234 | $1,234 |
| XF40 | - | $1,234 | $1,234 |
| VF35 |
|
$1,234 | $1,234 |
| VF35 | - | $1,234 | $1,234 |
| VF30 |
|
$1,234 | $1,234 |
| VF30 | - | $1,234 | $1,234 |
| VF25 |
|
$1,234 | $1,234 |
| VF25 | - | $1,234 | $1,234 |
| VF20 |
|
$1,234 | $1,234 |
| VF20 | - | $1,234 | $1,234 |
| F15 |
|
$1,234 | $1,234 |
| F15 | - | $1,234 | $1,234 |
| F12 |
|
$1,234 | $1,234 |
| F12 | - | $1,234 | $1,234 |
| VG10 |
|
$1,234 | $1,234 |
| VG10 | - | $1,234 | $1,234 |
| VG8 |
|
$1,234 | $1,234 |
| VG8 | - | $1,234 | $1,234 |
| G6 |
|
$1,234 | $1,234 |
| G6 | - | $1,234 | $1,234 |
| G4 |
|
$1,234 | $1,234 |
| G4 | - | $1,234 | $1,234 |
| AG3 |
|
$1,234 | $1,234 |
| AG3 | - | $1,234 | $1,234 |
| AG2 |
|
$1,234 | $1,234 |
| AG2 | - | $1,234 | $1,234 |
| P1 |
|
$1,234 | $1,234 |
| P1 | - | $1,234 | $1,234 |
Morgan $1 Pre-1921 MS [Type]
![Morgan $1 Pre-1921 MS [Type]](https://images.greysheet.com/ProductImages/DLRC/194xxx/a15b3867-56c4-4feb-9ccd-68ae7da30226.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $41 – $80,000
Morgan $1 Pre-1921 MS PL [Type]
![Morgan $1 Pre-1921 MS PL [Type]](https://images.greysheet.com/ctc/catalog/90o-pl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $50 – $7,800
Morgan $1 Pre-1921 MS DMPL [Type]
![Morgan $1 Pre-1921 MS DMPL [Type]](https://images.greysheet.com/ctc/catalog/84cc-dmpl-obv.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $75 – $42,000
Morgan $1 Carson City Mint MS [Type]
![Morgan $1 Carson City Mint MS [Type]](https://images.greysheet.com/ProductImages/DLRC/416xxx/e90065e0-537f-4db8-b2b8-efacd6817cff.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $70 – $50,000
Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]
![Morgan $1 Carson City Mint, GSA Hoard Hard package MS [Type]](https://images.greysheet.com/Ctc/CatalogEntry/ha_com_1314_4280-3.20200626010427369.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $270 – $5,400
1878 8TF $1 MS
Worth: $40 – $102,000
1878 8TF $1 MS PL
Worth: $200 – $4,400
1878 8TF $1 MS DMPL
Worth: $575 – $27,000
1878 7TF $1 Reverse of 1878 MS
Worth: $41 – $3,200
1878 7TF $1 Reverse of 1878 MS PL
Worth: $72 – $6,600
1878 7TF $1 Reverse of 1878 MS DMPL
Worth: $240 – $42,000
1878 7/8TF $1 Strong MS
Worth: $45 – $26,400
1878 7/8TF $1 Strong MS PL
Worth: $200 – $9,900
1878 7/8TF $1 Strong MS DMPL
Worth: $425 – $30,000
1878 7/8TF $1 Weak MS
Worth: $41 – $3,200
1892-S $1 VF30 NGC. CDN: $180 Whsle. Bid for NGC/PCGS VF30. Mintage 1,200,000....
$244
1892-S $1 AU53 NGC. CDN: $2,300 Whsle. Bid for NGC/PCGS AU53. Mintage 1,200,000. ...
$2,684
1892-S $1 AU50 NGC. CDN: $1,850 Whsle. Bid for NGC/PCGS AU50. Mintage 1,200,000. ...
$2,318
1892-S $1 AU55 PCGS. ...
$9,455
1892-S $1 -- Cleaned -- ANACS Details. XF45 Details. Mintage 1,200,000....
$512
1892-S $1 Fine 15 PCGS. CDN: $95 Whsle. Bid for NGC/PCGS Fine 15. Mintage 1,200,000. ...
$149
1892-S $1 AU58 PCGS....
$17,400
1892-S $1 XF40 PCGS. CDN: $400 Whsle. Bid for NGC/PCGS XF40. Mintage 1,200,000. ...
$492
1892-S $1 Fine 12 PCGS. CDN: $80 Whsle. Bid for NGC/PCGS Fine 12. Mintage 1,200,000. ...
$139
1892-S $1 VF20 PCGS. Mintage 1,200,000. ...
$139
1892-S $1 -- Damaged, Edge Damaged -- ANACS. VF25 Details. Mintage 1,200,000....
$109
1892-S $1 VF35 NGC. Mintage 1,200,000. ...
$264
1892-S $1 MS61 PCGS....
$48,000
1892-S $1 VG10 NGC. Mintage 1,200,000....
$99
1892-S $1 MS64+ PCGS. CAC....
$180,000
1892-S $1 MS63 PCGS. VAM-3....
$93,000
1892-S $1 MS67+ PCGS. CAC. ...
$552,000
1892-S $1 MS62 PCGS. ...
$60,000
1892-S $1 MS66 PCGS. ...
$192,000
1892-S $1 MS60 NGC. ...
$31,200
Greysheet News
Prominent Collector Dell Loy Hansen Submitting His Historical Collection Of U.S. Coins To CAC Grading
8/8/2024
American Numismatic Association's Largest Coin Show, August 6-10 In Chicago
Dazzling rarities, free educational opportunities, family fun and more await at the Donald E. Stephens Convention Center
7/25/2024
United States Mint Unveils Designs For The 2025 United States Marine Corps 250th Anniversary Commemorative Coin Program
The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.
7/23/2024
Events
Heritage Auctions: US Currency Tuesday Select Auction
Location: Heritage Auctions
Tuesday, June 2, 2026
Heritage Auctions: World Paper Money Tuesday Select Auction
Location: Heritage Auctions
Tuesday, June 2, 2026
Heritage Auctions: US Coins Tuesday & Wednesday Select Auction
Location: Heritage Auctions
Wednesday, June 3, 2026