Is Your Silver Dollar Worth a Small Fortune?

The Morgan Silver Dollar was a United States minted coin from 1878 to 1904. It was then minted heavily in 1921 under The Pittman Act, authorizing the melting and coinage of millions of silver dollars. The design was replaced by the Peace Dollar later in 1921. The Morgan Silver Dollar is 90% silver and 10% copper. Many casual collectors may have very valuable Morgan Silver Dollars in their possession and may not even know it. There are some exceptionally rare ones but in this week’s article, we cover just three key-date dollars. These silver dollars are highly sought after by collectors and those attempting the incredible (and expensive) feet of building a complete collection of all date and mint marked Morgan Silver Dollars.

The 1892-S Morgan Silver Dollar

The 1892-S Morgan Silver Dollar was minted in San Francisco. The designer was George T. Morgan, and the mintage was 1,200,000 coins. Survival estimates are approximately 120,000. 1,200 coins exist at a grade of MS60 or better. Just 64 1892-S Morgan Silver Dollars exist with a mint state grade of 65 or better. In January 2009, an MS67 PCGS grade 1892-S Morgan Silver Dollar was auctioned off at Heritage Auctions for $460,000. In May of 2018, an MS67 PCGS grade was sold by Sotheby’s for $495,000. In March of 2009, an MS66 PCGS grade was sold by Bowers & Merena for $201,250. In August of 2011, an MS66 PCGS grade was sold by Heritage Auctions for $184,000. According the Official Red Book, a 1892-S Morgan Silver Dollar in VF-20 grade is worth approximately $125, in EF-40 grade $275, in AU-50 grade $1,450, in MS-60 $41,000, MS-63 $95,000, MS-64 $175,000, and a MS-65 today could fetch over $225,000.

1892-S Morgan silver dollar

The 1893-O Morgan Silver Dollar

The 1893-O Morgan Silver Dollar was minted in New Orleans. The designer was George T. Morgan, and the mintage was 300,000 coins. Survival estimates are approximately 29,960. 5,960 coins exist at a grade of MS60 or better. 27 1893-O Morgan Silver Dollars exist with a mint state grade of 65 or better. In January of 2009, an MS64+ PCGS grade was sold by Heritage for $5,016. In January of 2021, an NGC-graded MS66 was sold by Heritage Auctions for $174,000. In June of 2012, a PCGS MS65 grade 1893-O Morgan Silver Dollar was sold by Stack’s Bowers for $152,750. In January of 2018, an NGC MS65 grade was sold by Heritage Auctions for $132,000. According the Official Red Book, a 1893-O Morgan Silver Dollar in VF-20 grade is worth approximately $300, in EF-40 grade $475, in AU-50 grade $775, in MS-60 $3,500, MS-63 $7,000, MS-64 $16,500, and a MS-65 today could fetch over $175,000.

1893-O Morgan silver dollar

The 1895-O Morgan Silver Dollar

The 1895-O Morgan Silver Dollar was minted in New Orleans. The designer was George T. Morgan, and the mintage was 450,000 coins. Survival estimates are approximately 29,960. 718 coins exist at a grade of MS60 or better. Approximately 18 1895-O Morgan Silver Dollars exist with a mint state grade of 65 or better. In January of 2005, an MS67 PCGS grade was sold by Heritage Auctions for $575,000. In June of 2016, an MS66 PCGS grade 1895-O Morgan Silver Dollar was sold for $258,000. In November 2017, an MS65+ PCGS grade was sold by Stack’s Bowers for $180,000. According the Official Red Book, a 1895-O Morgan Silver Dollar in VF-20 grade is worth approximately $350, in EF-40 grade $500, in AU-50 grade $1,100, in MS-60 $16,000, MS-63 $55,000, MS-64 $85,000, and a MS-65 today could fetch over $195,000.

1895-O Morgan silver dollar

In a time of such financial uncertainty, investors move paper assets into tangible assets. Precious metals have always been a liquid way to diversify. Special unique assets tend to require a sizable investment, but these rare assets typically fetch a much higher price in the open market or at auction. Skies the limit if the underlying commodity appreciates and the unique coin is in high demand. As paper assets look for a safer home in turbulent times, rare gold and silver coins have a long track record of attracting top dollar.

A Midas Gold Group trader asked a client recently, Why do you use Midas Gold Group for your investments? The client responded simply, As an investor in many markets, it is very rare to find a representative and a company that puts my unique needs in front of their own. Midas takes the time to understand my needs and puts extra effort into maximizing my goals in any way they can. My relationship with Midas Gold Group and their experience makes me feel very comfortable putting a part of my nest egg in their hands. I know no one has a crystal ball, but I am willing to live with the results knowing the amount of care and effort that was invested in my situation.

Call Midas Gold Group today at 480-360-3000 or 480-360-3000 and get started or add to your metal portfolio. Whether it is liquid cash, stock, bonds, or possibly all of the above, paper assets are dangerous. This exponential money printing demands wealth preservation and safety. The dollar buys less in the future guaranteed, possibly a lot less. Call Midas Gold Group today at 480-360-3000 or 480-360-3000. Live traders can be reached from 8 am to 4 pm PST, Monday through Friday.

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