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While 1893 is a scarce year for business-strike Morgan dollars, proof Morgans bearing the 1893 date are about as common as those from any other year in the series. Most boast cameo frosting on the devices and reflective, if truly mirrored fields. However, only a small number, perhaps a few dozen, are known to be true DCAMs.
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: In Mint State, the dollars of 1893 are elusive in comparison to the demand for them. MS-63 and MS-64 are worthwhile grades for value. Although many coins are lightly struck, there are quite a few sharp ones. Worn examples are scarce in their own right and offer an economical alternative for anyone not wanting to buy a Mint State coin.
Surface Quality: Usually above average on circulation strikes. Proof strikings of the 1893 are usually lightly struck at the centers, “and are the most poorly struck Morgan Proofs,” per Van Allen and Mallis. Usually frosty and attractive.
Prooflike Coins: Prooflike coins are elusive and have little contrast.
Mintage and Distribution: Delivery figures by month: January, 200,000; February, 150,000; March, 0; April, 28,000. Coinage of circulation strikes was then suspended. Not much is known about early releases of 1893 Morgan dollars, except that the low mintage attracted numismatic interest. Worn coins were plentiful in bank holdings and in circulation. Some bags were liberated in the early 1950’s, by which time the date was numismatically scarce. A few bags came out in 1962 through 1964, but the issue remained scarce.
PROOF STRIKES:
Mintage: 792. Delivery figures by month: January–February, 0; March, 320; April–May, 0; June, 145; July–August, 0; September, 100; October–November, 0; December, 227.
Key to Collecting: Indifferent striking as a result of poor workmanship—the dies were spaced too far apart. Good cameo contrast. Again a challenge, a sporting occasion.
VARIETIES:
There are no die varieties of compelling importance from the seven pairs of dies on hand for use in this coinage.
Catalog Information
GSID:
7835
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1893
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:
1893
Denomination:
$1
Designation:
PR
Mint Location:
Philadelphia
Mintage:
792
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7328
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Coin Value History
1893 $1 PR
Value By Grade
1893 $1 PR
CPG (retail) values
Currency
Grade Range
Grading Authority
Sort by
Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| PR68 |
|
$42,000 | $1,234 |
| PR68 | - | $36,000 | $1,234 |
| PR67 |
|
$1,234 | $1,234 |
| PR67 | - | $1,234 | $1,234 |
| PR66 |
|
$1,234 | $1,234 |
| PR66 | - | $1,234 | $1,234 |
| PR65 |
|
$1,234 | $1,234 |
| PR65 | - | $1,234 | $1,234 |
| PR64 |
|
$1,234 | $1,234 |
| PR64 | - | $1,234 | $1,234 |
| PR63 |
|
$1,234 | $1,234 |
| PR63 | - | $1,234 | $1,234 |
| PR62 |
|
$1,234 | $1,234 |
| PR62 | - | $1,234 | $1,234 |
| PR61 |
|
$1,234 | $1,234 |
| PR61 | - | $1,234 | $1,234 |
| PR60 |
|
$1,234 | $1,234 |
| PR60 | - | $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 |
Morgan Dollar $1 1878-1921 PR [Type]
![Morgan Dollar $1 1878-1921 PR [Type]](https://images.greysheet.com/Ctc/Catalog/20201003/auctions_stacksbowers_com_lots_view_1_1dciu-0.20201003221013187.jpg?MaxWidth=200&Mode=Pad&Scale=UpscaleCanvas&format=webp)
Worth: $900 – $150,000
1878 7TF $1 Reverse of 1878 PR
Worth: $3,150 – $70,000
1878 7TF $1 Reverse of 1879 PR
Worth: $22,000 – $144,000
1878 8TF $1 PR
Worth: $2,420 – $39,600
1878 8TF $1 Presentation Piece, First Die Pair, VAM-9 SP
1878-S $1 Specimen Strike, VAM-58 SP
1878-S $1 Specimen Strike, Long Knock, VAM-60 SP
Worth: $220,000 – $264,000
1879 $1 PR
Worth: $1,100 – $12,000
1879-O $1 PR BM
Worth: $175,000 – $175,000
1880 $1 PR
Worth: $1,100 – $150,000
1881 $1 PR
Worth: $1,100 – $33,000
1881-O $1 PR BM
Worth: $660,000 – $660,000
1882 $1 PR
Worth: $1,100 – $30,000
1883 $1 PR
Worth: $1,100 – $32,000
1883-O $1 PR BM
Worth: $200,000 – $240,000
1893 $1 PR64 PCGS. CAC....
$7,800
1893 $1 PR61 PCGS....
$2,640
1893 $1 PR67+ PCGS. Gold CAC....
$45,600
1893 $1 PR63 PCGS. ...
$3,120
1893 $1 PR62 PCGS. A pleasing lower-end proof example of this popular date in the Morgan dollar series, showing modest cont...
$2,640
1893 $1 PR65 NGC. ...
$4,920
1893 $1 PR50 PCGS. PCGS Population: (2/205). NGC Census: (1/182). CDN: $1,000 Whsle. Bid for NGC/PCGS PR50. Mintage 792. ...
$990
1893 $1 PR66 NGC. ...
$6,600
1893 $1 ★ PR68 NGC. ...
$22,325
1893 $1 PR55 PCGS. ...
$940
$1,350
1893 $1 PR60 PCGS. ...
$1,725
1893 $1 --Damaged, Cleaned--ANACS. AU Details. Net PR40. NGC Census: (0/171). PCGS Population (0/186). Mintage: 792. (#...
$1,035
1893 S$1 PR53 PCGS....
$661
1893 $1 PR64 NGC....
$4,800
1893 $1 PCGS/CAC Proof 61 (OGH Rattler Holder)
$1,950
1893 $1 PR67+ PCGS. Gold CAC. ...
$31,200
1893 $1 PR63 PCGS. ...
$3,240
1893 $1 PCGS Proof 62
$2,250
1893 $1 NGC Proof 65
$5,007
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