Value of 1893-S Silver Morgan Dollar

Value of 1893-S Morgan Silver Dollar

The 1893-S Morgan Silver Dollar is a very popular and highly desirable date in the Morgan dollar series. Its mintage of 100,000 coins signals the lowest circulation strike production figure among Morgan dollars. A word of caution regarding the potential of encountering a fake; avoid any 1893-S that has not been certified by a leading service, and avoid offerings of uncertified coins from an “old estate” or supposedly inherited collection. These fakes will be worth nothing. Strike quality is sharp, with even worn pieces are apt to have good detail. Luster is usually rich and deep on Mint State examples-when they can be found. No proofs were produced at the San Francisco mint.
Problem Free 1893-S $1 Coin is the Way to Go: Strangely enough, most circulated examples of the date are VF or so; lesser and finer grades can be obtained but all are moderately scarce. This date saw regular commercial use in the era it was issued. No matter the grade, AG to AU, there is seemingly always a buyer for an example of this rarity. We suggest a problem-free VF example is the way to go for budget-conscious collectors.
This UNC Will Prove Hard to Find: One of the great keys in the series in any Mint State grade, the 1893-S is the most important of all Morgan dollars struck for circulation. The entire mintage of the date was delivered in January of the year and most went into commerce. Not surprisingly, this date was not greatly represented in the Treasury releases of the early 1960s. MS-60 to 62 grades can be found with a modicum of difficulty, but above that level it’s a mid-five figure coin and is even more valuable in MS-64 and higher. If you’d like a gem example of the date be prepared to spend well into six figures if you can locate a specimen.

The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1893.” The reverse text on the Liberty dollar reads “United States of America; In God We Trust; One Dollar; S.” The obverse of the silver one dollar coin has a bust of a female facing the left wearing a cap and small crown, with flowers tucked in her hair and stars surrounding the border. The reverse of the Morgan Dollar has an eagle in the center with its wings spread and a wreath surrounding.

The Morgan Dollar series is very popular among collectors. If you have a Morgan (Liberty) Dollar that you would like to sell, please contact our experts at Coinappraiser.com and they would be happy to help you. We run rare coin auctions and will find your treasured coin a home where it will be valued. Additionally, if you keep asking yourself: “What is my coin worth” then we invite you to use our online coin price guide. Contact us today to sell your coin!