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While a lower-mintage Morgan dollar with fewer than 2.9 million struck, this 1897 Philly-minted issue is common in circulated grades and is widely available through at least MS65. In the grade of MS66 this piece becomes scarce and in MS67 or better it is quite rare. PLs and DMPLs are scarce bit available for a price in the lower uncirculated grades. Examples of both exist in the Gem range but are extremely scarce.
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 1897 Morgan dollar in Mint State is usually well struck and has nice luster, the paradigm of a common date. AU coins can be very lustrous and attractive, and years ago many were sold as “slider Uncirculated” or, curiously, as “commercial Uncirculated.” Bagmarks, while not endemic among 1897 dollars, can be unsightly on lower-grade Mint State pieces. What is available or even common in a later era of Morgan dollar collecting could have been rare earlier. Such is the case with 1897, examples of which were hardly ever seen in circulation as late as 1925, a quarter century after their release.
Surface Quality: Usually an above-average strike. Usually lustrous and frosty.
Prooflike Coins: Prooflike coins are seen, but are only a fraction of the overall population.
Mintage and Distribution: Delivery figures by month: January, 772,000; February– May, 0; June, 600,000; July–August, 0; September, 100,000; October, 100,000; November, 450,000; December, 800,000. Although it was considered to be a scarce date, large quantities were later released, ending the drought. In the 1950’s, banks in the East were deluged with them, an annoyance to numismatists. Many more bags came out in the Treasury release of 1962 through 1964, some popping up as far west as California and Nevada.
PROOF STRIKES:
Mintage: 731. Delivery figures by month: January–February, 0; March, 250; April–May, 0; June, 101; July–August, 0; September, 50; October–November, 0; December, 330.
Key to Collecting: Well struck. Deep cameo contrast.
VARIETIES:
The Mint reported that 13 obverse and 12 reverse dies were destroyed at year’s end, these being the number “used” during the year. However, it is likely that for this year and others, certain reverse dies, undated and capable of coining if they are not cracked or damaged, were not destroyed, but were kept on hand for further use.
Catalog Information
GSID:
7582
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1897
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:
1897
Denomination:
$1
Designation:
MS
Mint Location:
Philadelphia
Mintage:
2,822,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7246
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Coin Value History
1897 $1 MS
Value By Grade
1897 $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) |
|---|---|---|---|
| MS67 |
|
$8,500 | $1,234 |
| MS67 | - | $5,500 | $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 |
| 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
1897 $1 MS64 PCGS. CDN: $128.15 Whsle. Bid for NGC/PCGS MS64. Mintage 2,822,731. ...
$149
1897 $1 MS66★ NGC. CDN: $680 Whsle. Bid for NGC/PCGS MS66. Mintage 2,822,731....
$1,098
1897 $1 MS63 PCGS. CDN: $110 Whsle. Bid for NGC/PCGS MS63. Mintage 2,822,731. ...
$149
1897 $1 MS65 PCGS. CDN: $215 Whsle. Bid for NGC/PCGS MS65. Mintage 2,822,731. ...
$222
1897 $1 MS67 PCGS. Only the most minuscule surface flaws appear on this Superb Gem, including a couple of tiny horizontal m...
$4,560
1897 $1 AU58 NGC. Mintage 2,822,731. ...
$64
1897 $1 MS62 PCGS. Mintage 2,822,731. ...
$94
1897 $1 Doubled 1, Lines on Neck VAM-10, MS61 CACG. Mintage 2,822,731....
$99
1897 $1 Pitted Reverse, VAM-6A, AU55 NGC. A Top 100 Variety. NGC Census: (15/706)....
$63
1897 $1 VAM-4 -- Artificially Toned -- ANACS Details. MS60....
$30
1897 $1 VAM-6 AU50 ANACS....
$45
1897 $1 Poor 1 PCGS. CAC. PCGS Population: (6/22195). NGC Census: (3/21457). Mintage 2,822,731. ...
$480
1897 $1 NGC ex: Binion Collection
$73
1897 $1 VAM-6A, Pitted Reverse AU53 PCGS. TOP-100. PCGS Population (9/221). NGC Census: (0/0)....
$40
1897 $1 MS64 NGC. Housed in a Generation 4 fatty holder. CDN: $130 Whsle. Bid for NGC/PCGS MS64. Mintage 2,822,731.Fr...
$149
1897 $1 MS66+ PCGS. CDN: $680 Whsle. Bid for NGC/PCGS MS66. Mintage 2,822,731. ...
$885
1897 $1 MS63 PCGS. CAC. CAC: 58 in 63, 525 finer (9/25). CDN: $110 Whsle. Bid for NGC/PCGS MS63. Mintage 2,822,731....
$317
1897 $1 Pitted Reverse, VAM-6A, MS65 PCGS. A Top 100 variety. PCGS Population: 39 in 65 (3 in 65+), 18 finer (9/25)....
$390
1897 $1 MS67+ PCGS. CAC....
$16,200
1897 $1 VAM-13 AU58 ANACS. Mintage 2,822,731....
$51
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