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Morgan dollars were struck from 1878 through 1904 and then, following a hiatus of 17 years, struck once more in 1921. All told, the first generation of Morgan dollars -- those made from 1878 through 1904 -- are categorically common as a group, though several dates are downright rare even in well-circulated grades. Individuals who buy Morgan dollars as a type will tend to focus on purchasing more common dates, which are mostly dominated by representatives from the Philadelphia, San Francisco, and New Orleans Mints. Examples from Carson City are much scarcer as a group and, grade-for-grade, are considerably more expensive than most of the other, non-CC issues. PLs and DMPLs are highly popular and many are reasonably common.
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
Designer: George T. Morgan. Weight: 26.73 grams. Composition: .900 silver, .100 copper (net weight .77344 oz. pure silver). Diameter: 38.1 mm. Edge: Reeded. Mints: Philadelphia, New Orleans, Carson City, Denver, San Francisco.
Key to Collecting: Abundant opportunities exist to obtain a single coin for a type. The 1881-S, which at once is the most common Morgan dollar in gem grade and also is one of the sharpest struck, is an obvious candidate. However, it might be fun to add a Carson City coin (such dates as 1882-CC, 1883-CC, and 1884-CC are inexpensive) or one or another of a variety of special interest.
Note: For Morgan-design dollars struck under the 1921 Silver Dollar Coin Anniversary Act, see the end of chapter 19.
Aspects of Striking and Appearance: Striking can vary widely. The best-struck pieces are those made at San Francisco. Check Liberty’s hair above her ear, and, on the reverse, the breast feathers of the eagle. The hair of Liberty might not be completely needlesharp, but it should be close. Once these two points are checked, examine lettering, denticles (usually decent), and other characteristics. Many coins were made from “tired” dies and show graininess or dull surfaces. Eye appeal can vary considerably from deeply rich and frosty to rather flat and insipid.
Proof Coins: Proofs were made of all years in the series. Quality can vary. Especially desired are certain pieces with frosty or “cameo” portraits and devices, often seen in the 1880’s and 1890’s. Many Proofs have been cleaned and thus have hairlines, others are rather dull in appearance. Take your time to select a truly nice one.
Catalog Information
GSID:
72404
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, [Date]
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
Variety:
Pre-1921
Coin Date:
Morgan
Denomination:
$1
Designation:
MS
Mint Location:
Various
Mint Mark:
Various
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7068
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Coin Value History
Morgan $1 Pre-1921 MS [Type]
Value By Grade
Morgan $1 Pre-1921 MS [Type]
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) |
|---|---|---|---|
| MS69 |
|
$96,000 | $1,234 |
| MS69 | - | $66,000 | $1,234 |
| MS68 |
|
$1,234 | $1,234 |
| MS68 | - | $1,234 | $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 |
| 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 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
1878 7/8TF $1 Weak MS PL
Worth: $165 – $4,200
1879 $1 MS63 PCGS. CDN: $117.53 Whsle. Bid for NGC/PCGS MS63. Mintage 14,807,100. ...
$183
1878 7TF $1 Reverse of 1878 MS62 PCGS. CDN: $104.98 Whsle. Bid for NGC/PCGS MS62. Mintage 4,900,000. ...
$140
1878 7TF $1 Reverse of 1878 MS64 PCGS. CDN: $250 Whsle. Bid for NGC/PCGS MS64. Mintage 4,900,000. ...
$238
1879-S $1 MS65 NGC. CDN: $180 Whsle. Bid for NGC/PCGS MS65. Mintage 9,110,000....
$183
1879-S $1 MS66 PCGS. CDN: $300 Whsle. Bid for NGC/PCGS MS66. Mintage 9,110,000. ...
$342
1881-S $1 MS67 PCGS. CDN: $750 Whsle. Bid for NGC/PCGS MS67. Mintage 12,760,000. ...
$824
1883-S $1 AU50 PCGS. CDN: $200 Whsle. Bid for NGC/PCGS AU50. Mintage 6,250,000. ...
$214
1883-S $1 MS61 PCGS. CDN: $1,250 Whsle. Bid for NGC/PCGS MS61. Mintage 6,250,000. ...
$1,190
1884-S $1 XF45 PCGS. CDN: $145 Whsle. Bid for NGC/PCGS XF45. Mintage 3,200,000. ...
$244
1886-S $1 AU55 PCGS. CDN: $240 Whsle. Bid for NGC/PCGS AU55. Mintage 750,000. ...
$281
1888-S $1 AU53 PCGS. CDN: $200 Whsle. Bid for NGC/PCGS AU53. Mintage 657,000. ...
$268
1893 $1 XF40 PCGS. CDN: $510 Whsle. Bid for NGC/PCGS XF40. Mintage 389,792. ...
$671
1894 $1 VF35 PCGS. CDN: $1,100 Whsle. Bid for NGC/PCGS VF35. Mintage 110,972. ...
$1,281
1892-S $1 VF30 PCGS. CDN: $220 Whsle. Bid for NGC/PCGS VF30. Mintage 1,200,000. ...
$268
1895-O $1 VF25 PCGS. CDN: $400 Whsle. Bid for NGC/PCGS VF25. Mintage 450,000. ...
$525
1895-S $1 VF20 PCGS. CDN: $775 Whsle. Bid for NGC/PCGS VF20. Mintage 400,000. ...
$946
1903-O $1 VG10 PCGS. PCGS Population: 45 in 10, 17677 finer (9/26). CDN: $455 Whsle. Bid for NGC/PCGS VG10. Mintage 4,450,...
$525
1882-O/S $1 Strong, VAM-3, AU58 PCGS. A Top 100 Variety. CDN: $165 Whsle. Bid for NGC/PCGS AU58. ...
$226
1893-S $1 -- Re-engraved, Whizzed, Damaged -- ANACS Details. Good 4 Details. Mintage 100,000. ...
$2,684
1886 $1 MS68 PCGS. ...
$9,943
Greysheet News
Prominent Collector Dell Loy Hansen Submitting His Historical Collection Of U.S. Coins To CAC Grading
8/8/2024
American Numismatic Association's Largest Coin Show, August 6-10 In Chicago
Dazzling rarities, free educational opportunities, family fun and more await at the Donald E. Stephens Convention Center
7/25/2024
United States Mint Unveils Designs For The 2025 United States Marine Corps 250th Anniversary Commemorative Coin Program
The designs will be featured on a $5 gold coin, a $1 silver coin, and a half dollar clad coin.
7/23/2024
Events
Knoxville Coin and Currency Show - TN
Location: Rothchild Catering & Conference Center
Saturday, August 1, 2026
