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The 1902-O Morgan dollar is a tougher date, with circulated examples proving a little difficult to find and uncirculated pieces widely available in the MS65 to MS66 range. There is a small number of MS67s and pieces grading higher available, and these predictably take huge sums when offered for sale. Like many other New Orleans Mint dollars, the 1902-O is not always very well struck and luster can be iffy, causing many pieces to grade below the Gem threshold. PLs are challenging but obtainable, while DMPLs are rare.
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: Some Mint State pieces are lustrous and attractive, but there is no reason to alter what Wayne Miller wrote in 1982: “Typically among the poorest struck of the late New Orleans dollars. Most are flatly struck with horrible luster.” That said, where to from here? Is there hope? Yes there is, and cherrypicking can be done to great advantage. The 1902-O came out of the floodgates during the great Treasury release of November 1962 and later, and virtually countless pieces are in the marketplace.
Surface Quality: Generally the 1902-O is lightly struck at the centers. Some concentrated effort is needed to find sharp pieces, but, again, the advantage is that certification services take no notice, and such can be yours for the finding while 90% or more of your competitors in the market simply don’t care. Some Mint State piece are lustrous and attractive, but most are not (see introductory comments).
Prooflike Coins: Some prooflikes exist but are not of high contrast, although there are exceptions.
Mintage and Distribution: Delivery figures by month: January, 1,500,000; February, 750,000; March, 750,000; April, 500,000; May, 1,000,000; June, 320,000; July, 550,000; August, 1,000,000; September, 1,200,000; October, 500,000; November, 500,000; December, 66,000. Dollars of the 1902-O variety were paid out in circulation over a long period of time. In the late 1950’s and in the early 1960’s enough bags were released that dealers were well supplied. In 1962 hundreds of thousands more were distributed from storage at the Philadelphia Mint.
VARIETIES:
Many varieties exist, some with new hub (introduced in 1900), and others with new hub over old hub, and with some slight features of the undertype visible; check VAM for details. For use this year, 140 obverse and 107 reverse dies were made. Most 1902-O dollars have a medium-sized mintmark.
1902-O, Micro O Mintmark—VAM-3. Small mintmark, rare, and typically seen well worn.
Catalog Information
GSID:
7652
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1902
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:
1902-O
Denomination:
$1
Designation:
MS
Mint Location:
New Orleans
Mint Mark:
O
Mintage:
8,636,000
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7280
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Coin Value History
1902-O $1 MS
Value By Grade
1902-O $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 |
|
$8,000 | $1,234 |
| MS67 | - | $4,200 | $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
1902-O $1 MS63 NGC. CDN: $95.11 Whsle. Bid for NGC/PCGS MS63. Mintage 8,636,000. ...
$109
1902-O $1 MS66 NGC. CAC. CAC: 327 in 66, 22 finer (12/25). CDN: $330 Whsle. Bid for NGC/PCGS MS66. Mintage 8,636,000. ...
$488
1902-O $1 MS65 NGC. Ex: Great Southern Treasury Hoard. Authentically Hand-signed, Edmund C. Moy. CDN: $154 Whsle. Bid for N...
$238
1902-O $1 MS64 PCGS. CDN: $82 Whsle. Bid for NGC/PCGS MS64. Mintage 8,636,000....
$244
1902-O $1 MS67 NGC. ...
$2,684
1902-O $1 MS61 CACG. Mintage 8,636,000. ...
$94
1902-O $1 VAM-88, MS62 ANACS....
$124
1902-O $1 VAM-31A, MS60 CACG. Mintage 8,636,000....
$69
1902-O $1 VAM-10 Early Die State AU58 ANACS. ...
$216
1902-O $1 VAM-71, Discovery PC, XF40 ANACS. Mintage 8,636,000....
$300
1902-O $1 Near Date, 2 Olive Reverse, VAM-34, MS63 PCGS. Mintage 8,636,000....
$104
1902-O $1 NGC VF25
$50
1902-O $1 AU55 ANACS. Vam-34. NGC Census: (5/35922). PCGS Population (5/29966). Mintage: 8,636,000. Numismedia Wsl. Price ...
$35
1902-O S$1 AU50--Cleaned--ANACS,AU Details. The current Coin Dealer Newsletter (Greysheet) wholesale "bid" price is $15.75.00...
$15
1902-O $1 MS63 PCGS. CDN: $77.13 Whsle. Bid for NGC/PCGS MS63. Mintage 8,636,000. ...
$114
1902-O $1 MS66+ PCGS. CAC. CAC: 328 in 66, 22 finer (1/26). CDN: $330 Whsle. Bid for NGC/PCGS MS66. Mintage 8,636,000....
$1,342
1902-O $1 MS65 NGC. Ex: Tombstone Hoard. CDN: $154 Whsle. Bid for NGC/PCGS MS65. Mintage 8,636,000. ...
$183
1902-O $1 MS64 PCGS. CDN: $82 Whsle. Bid for NGC/PCGS MS64. Mintage 8,636,000. ...
$124
1902-O $1 MS67+ PCGS. CAC. Ex: Wurt. Beautiful, glistening mint luster cascades across thickly frosted surfaces on this bla...
$26,400
1902-O $1 Morgan Dollar -- Reverse Strike Thru -- MS61 CACG. Mintage 8,636,000....
$149
Greysheet News
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8/8/2024
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7/25/2024
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