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Philadelphia-mint Morgan dollars are extremely common through MS66 and becomes much scarcer in higher grades. However, there is a handful of survivors in the MS68 range, and these sell for huge premiums thanks to very tight pressure from registry set builders who wish to acquire these few specimens for their highly competitive collections. PLs and DMPLs are about equally scarce as the other, with both proving more challenging in the Gem range or better.
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:
7490
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:
Business
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1883
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
12,290,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7142
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Coin Value History
1883 $1 MS
Value By Grade
1883 $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 |
|
$33,000 | $1,234 |
| MS68 | - | $24,000 | $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 |
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
1883 $1 Paramount MS65 NGC. Ex: Redfield Collection. CDN: $175 Whsle. Bid for NGC/PCGS MS65. Mintage 12,291,039....
$317
1883 $1 MS63 NGC. CDN: $76.57 Whsle. Bid for NGC/PCGS MS63. Mintage 12,291,039....
$329
1883 $1 MS67 NGC. CDN: $1,900 Whsle. Bid for NGC/PCGS MS67. Mintage 12,291,039. ...
$1,952
1883 $1 MS64 PCGS. CDN: $82 Whsle. Bid for NGC/PCGS MS64. Mintage 12,291,039. ...
$94
1883 $1 MS66 PCGS. CDN: $420 Whsle. Bid for NGC/PCGS MS66. Mintage 12,291,039. ...
$456
1883 $1 MS68 NGC....
$9,900
1883 $1 Sextupled Stars, VAM-10, AU53 PCGS. CAC. A Top 100 Variety. CAC Population: (1/7)....
$288
1883 $1 VAM-21, Die 1 Discovery Piece, MS61 ANACS. Mintage 12,291,039....
$129
1883 $1 Sextupled Stars, VAM-10, AU55 NGC. A Top 100 Variety. NGC Census: (5/16)....
$228
1883 $1 Sextupled Stars, VAM-10, Top 100, AU50 PCGS. PCGS Population: (9/78). NGC Census: (3/29). CDN: $165 Whsle. Bid for ...
$180
1883 $1 Sextupled Stars, VAM-10, Top 100 MS62 PCGS. PCGS Population: (27/17). NGC Census: (3/4). CDN: $650 Whsle. Bid for N...
$516
1883 $1 GSA Soft Pack VG10 NGC. Blue envelope included. NGC Census: (3/27695). PCGS Population: (12/28970). CDN: $32 Whsle....
$94
1883 $1 GSA Soft Pack XF45 NGC. Blue Envelope Included. NGC Census: (48/27467). PCGS Population: (73/28618). CDN: $38 Whsl...
$77
1883 $1 Doubled 18, VAM-33, AU58 PCGS. PCGS Population: (220/28090). NGC Census: (163/27058). CDN: $48 Whsle. Bid for NGC/P...
$37
1883 $1 VAM-11B -- Cleaned -- ANACS Details. MS60....
$41
1883 $1 Sextupled Stars, VAM-10 VF35 NGC. TOP-100. NGC Census: (1/32). PCGS Population (1/75). ...
$92
1883 $1 Sextupled Stars--Cleaned--ANACS. XF Details, Net VF30. VAM-10. A Top 100 . NGC Census: (0/0). PCGS Population (0...
$33
1883 $1 MS65 ANACS. Housed in a small-sized holder. Mintage 12,291,039....
$329
1883 $1 MS63+ NGC. CDN: $77.99 Whsle. Bid for NGC/PCGS MS63. Mintage 12,291,039. ...
$99
1883 $1 MS67+ PCGS. CAC....
$6,300
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