Value of 1896-S Silver Morgan Dollar

Value of 1896-S Morgan Silver Dollar

The 1896-S Morgan Silver Dollar is another example in the Morgan series that is common in low grades and worth much more in higher Mint State levels. Most of this generous mintage likely went into the melting pot. Although bags of coins were paid out from the San Francisco Mint in the early 1950s, at the time they had little value. The striking and luster quality of this issue is just average or a bit below. Finding a piece with a sharp strike will take some time. Luster is somewhat shallow, not deeply frosty. Bagmarks are a problem. No proofs were minted since the San Francisco mint is a branch mint.
It May be Easy to Find Low Grades, But High Circs Will be Tough: Easy enough to find with serious searching, but choice EF and AU coins are not as common as the mintage suggests. This date was known as a key to the series for years and is still considered scarce in circulated grades.
For Higher Grade UNCs, You May Have a Search on Your Hands: The Uncirculated population of this date is thin at best with many examples crowded at MS-60 or modestly finer. MS-63 is a grade to be reckoned with and above that it’s a date that is still on many want lists. Finding a sharp example of the date is a plus, but be prepared to search-and search.

The obverse text on the Morgan Dollar reads “Liberty; E Pluribus Unum; 1896.” 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.

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