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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: The 1898 Morgan dollar is plentiful in any and all grades, from worn (though usually in VF or EF, toned gray) to gem Mint State. Most are well struck and have good luster. Many Proofs exist in remarkably high grades. Perhaps due to the semimoribund state of the coin hobby (see yearly narratives for 1897 and 1898), not as many people were cleaning coins!
Surface Quality: Usually seen well struck. Usually with attractive mint frost.
Prooflike Coins: Many prooflike coins exist, one sided as well as two sided, but are not deeply mirrored. DMPL coins with cameo contrast are rare indeed.
Mintage and Distribution: Delivery figures by month: January, 650,000; February, 582,000; March, 600,000; April, 184,000; May, 520,000; June, 172,000; July, 100,000; August, 948,000; September, 800,000; October, 450,000; November, 572,000; December, 306,000. Similar to certain other high-mintage Philadelphia Mint dates, the dollars of 1898 were scarce in and after the time they were made, but later became exceedingly common. Many bags were paid out in the mid-twentieth century, with more appearing in the late 1950’s and early 1960’s. Out in Nevada, LaVere Redfield, dollar hoarder par excellence, got his hands on an estimated 16 to 18 bags, and many were held by other investors.
PROOF STRIKES:
Mintage: 735. Delivery figures by month: January, 0; February, 225; March, 75; April–May, 0; June, 100; July–August, 0; September, 75; October–November, 0; December, 260.
Key to Collecting: Proofs typically have nice cameo contrast, and in recent years the certification services have been noting such on their labels. In addition, they are well struck. Michael Fuljenz: “This date was probably the best made in the entire series.”62
VARIETIES:
Minor varieties of date position from 30 pairs of dies prepared for circulation strikes. In addition, two obverses and three reverses were made for Proofs.
Catalog Information
GSID:
7585
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1898
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:
1898
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
5,884,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7253
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Coin Value History
1898 $1 MS PL
Value By Grade
1898 $1 MS PL
CPG (retail) values
Currency
Grade Range
Grading Authority
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Pricing
Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| MS67 |
|
$12,000 | $1,234 |
| MS67 | - | $10,500 | $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 |
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
1898 $1 MS64 Prooflike NGC. Housed in a Generation 5 fatty holder. CDN: $230 Whsle. Bid for NGC/PCGS MS64. Mintage 5,884,73...
$240
1898 $1 MS61 Prooflike PCGS. PCGS Population: (33/1001). Mintage 5,884,735. ...
$124
1898 $1 MS63 Prooflike PCGS. Mintage 5,884,735. ...
$149
1898 $1 MS65 Prooflike PCGS. Mintage 5,884,735....
$600
1898 $1 MS66+ Prooflike PCGS. CAC. PCGS Population: (28/3 and 9/1+). NGC Census: (11/2 and 1/0+). CDN: $1,150 Whsle. Bid fo...
$3,360
1898 $1 VAM-2B AU58 ANACS. Mintage 5,884,735....
$75
1898 $1 MS62 Prooflike NGC. NGC Census: (108/556). PCGS Population: (148/832). CDN: $100 Whsle. Bid for NGC/PCGS MS62. Mint...
$129
1898 $1 MS67+ Prooflike PCGS. ...
$9,900
1898 $1 MS60 Prooflike PCGS. PCGS Population (6/823). NGC Census: (1/617). Numismedia Wsl. Price for problem free NGC/PCGS...
$153
1898 $1 MS64 Prooflike NGC. Mintage 5,884,735. ...
$336
1898 $1 MS61 Prooflike NGC. NGC Census: (45/660). PCGS Population: (29/979). CDN: $95 Whsle. Bid for NGC/PCGS MS61. Mintage...
$139
1898 $1 MS63 Prooflike NGC. Mintage 5,884,735. ...
$180
1898 $1 MS65+ Prooflike PCGS. Mintage 5,884,735. ...
$660
1898 $1 MS66+ Prooflike PCGS. CAC. PCGS Population: (28/3 and 8/1+). NGC Census: (11/2 and 0/0+). CDN: $1,150 Whsle. Bid fo...
$2,220
1898 $1 NGC MS62 PL
$115
1898 $1 MS67 Prooflike PCGS. ...
$5,520
1898 $1 MS64 Prooflike ANACS. Mintage 5,884,735....
$228
1898 $1 MS61 Prooflike NGC. NGC Census: (16/464). PCGS Population (15/610). Numismedia Wsl. Price for NGC/PCGS coin in MS6...
$45
1898 $1 MS63 Prooflike NGC. NGC Census: (239/320). PCGS Population: (309/526). CDN: $155 Whsle. Bid for NGC/PCGS MS63. Mint...
$174
1898 $1 MS65 Prooflike PCGS. PCGS Population: (142/31). NGC Census: (75/14). CDN: $400 Whsle. Bid for NGC/PCGS MS65. Mintag...
$408
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