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The 1893 Philadelphia-mint Morgan dollar is a scarce coin in any grade, with all pieces above MS64 are rare and MS65s are quite rare. Only a handful of pieces are known in MS66. Meanwhile, PLs and DMPLs are both very rare, and none of either format are known in MS65 or better. While strikes are strong for these coins, luster is not always so frosty.
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:
7576
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:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1893
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
378,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7220
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Coin Value History
1893 $1 MS
Value By Grade
1893 $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) |
|---|---|---|---|
| MS66 |
|
$75,000 | $1,234 |
| MS66 | - | $60,000 | $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
1893 $1 AU58 PCGS. CDN: $1,100 Whsle. Bid for NGC/PCGS AU58. Mintage 389,792. ...
$1,220
1893 $1 -- Cleaned -- CACG Details. VF. Mintage 389,792. ...
$305
1893 $1 -- Scratched Obverse -- CACG Details. XF. Mintage 389,792. ...
$439
1893 $1 -- Cleaned -- CACG Details. AU. Mintage 389,792. ...
$586
1893 $1 AU53 NGC. CDN: $700 Whsle. Bid for NGC/PCGS AU53. Mintage 389,792....
$732
1893 $1 MS62 PCGS. CDN: $1,750 Whsle. Bid for NGC/PCGS MS62. Mintage 389,792. ...
$2,196
1893 $1 MS63 PCGS. CDN: $2,200 Whsle. Bid for NGC/PCGS MS63. Mintage 389,792. ...
$2,318
1893 $1 MS61 NGC. CDN: $1,600 Whsle. Bid for NGC/PCGS MS61. Mintage 389,792. ...
$1,647
1893 $1 VF35 PCGS. CDN: $440 Whsle. Bid for NGC/PCGS VF35. Mintage 389,792. ...
$488
1893 $1 Doubled Stars, VAM-4 -- Cleaned -- ANACS Details. AU55 Details. A Top 100 Variety. Housed in a small-sized holder....
$720
1893 $1 MS65+ PCGS. VAM-2. The open 3 is doubled with an arc over the top on VAM-2, and Liberty's lips and chin are also do...
$8,700
1893 $1 MS64 PCGS. CAC....
$3,840
1893 $1 Doubled Stars, VAM-4, XF45 PCGS. A Top 100 Variety. PCGS Population: (35/83). NGC Census: (29/65). CDN: $643.50.Whs...
$1,020
1893 $1 Good 6 PCGS. PCGS Population: (81/10194). Mintage 389,792....
$264
1893 $1 VG8 NGC. NGC Census: (68/6775). Mintage 389,792. ...
$228
1893 $1 -- Scratched, Wire Brushed, Rims Filed -- ANACS Details. VF30. Mintage 389,792....
$264
1893 $1 VG10 PCGS. PCGS Population: (85/9922). Mintage 389,792. ...
$304
1893 $1 VF25 PCGS. Mintage 389,792. ...
$456
1893 $1 AG3 PCGS. PCGS Population: (37/10108). Mintage 389,792. ...
$192
1893 $1 Good 4 PCGS. PCGS Population: (63/10045). Mintage 389,792. ...
$348
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