LUSTRE
Collection

Morgan Dollar

THE SILVER DOLLAR OF THE AMERICAN WEST, 1878 TO 1921

96 issues ◆ 1878–1921
Melt, per coin: $46.81 Reference prices
Morgan dollar obverse: Liberty head facing left
Morgan dollar reverse: eagle with wings spread inside a wreath
Plate. 1878-CC Morgan dollar, National Numismatic Collection, obverse and reverse. Public domain, via Wikimedia Commons. The design is the same on every date.
Key dates
  1. 1884-S$33,000⁠–⁠$47,000
  2. 1886-O$7,500⁠–⁠$10,500
  3. 1889-CC$57,000⁠–⁠$83,000
  4. 1892-S$70,000⁠–⁠$100,000
  5. 1893$11,500⁠–⁠$16,500

Prices are MS-63 estimates, Oct 2026. A photograph appears below only where we hold a licensed photo of that exact date and mint; every other issue is a medallion.

Morgan96 issues

1870s

7 issues
1878 Morgan 10.51M struck from $50
1878-CC Morgan Dollar
1878-CC Morgan 2.21M struck from $165
1878-S Morgan 9.77M struck from $50
1879 Morgan 14.81M struck from $50
1879-CC Morgan 756K struck from $330
1879-O Morgan 2.89M struck from $50
1879-S Morgan 9.11M struck from $50

1880s

37 issues
1880 Morgan 12.6M struck from $50
1880-CC Morgan 591K struck from $330
1880-O Morgan 5.3M struck from $50
1880-S Morgan 8.9M struck from $50
1881 Morgan 9.16M struck from $50
1881-CC Morgan 296K struck from $130
1881-O Morgan 5.71M struck from $50
1881-S Morgan 12.76M struck from $50
1882 Morgan 11.1M struck from $50
1882-CC Morgan 1.13M struck from $130
1882-O Morgan 6.09M struck from $50
1882-S Morgan 9.25M struck from $50
1883 Morgan 12.29M struck from $50
1883-CC Morgan 1.2M struck from $130
1883-O Morgan 8.72M struck from $50
1883-S Morgan 6.25M struck from $50
1884 Morgan 14.07M struck from $50
1884-CC Morgan 1.14M struck from $130
1884-O Morgan 9.73M struck from $50
Key date
1884-S Morgan 3.2M struck from $55
1885 Morgan 17.79M struck from $50
1885-CC Morgan 228K struck from $330
1885-O Morgan 9.19M struck from $50
1885-S Morgan 1.5M struck from $50
1886 Morgan 19.96M struck from $50
Key date
1886-O Morgan 10.71M struck from $60
1886-S Morgan 750K struck from $70
1887 Morgan 20.29M struck from $50
1887-O Morgan 11.55M struck from $50
1887-S Morgan 1.77M struck from $50
1888 Morgan 19.18M struck from $50
1888-O Morgan 12.15M struck from $50
1888-S Morgan 657K struck from $80
1889 Morgan 21.73M struck from $50
Major rarity
1889-CC Morgan 350K struck from $1,150
1889-O Morgan 11.88M struck from $50
1889-S Morgan 700K struck from $70

1890s

34 issues
1890 Morgan 16.8M struck from $50
1890-CC Morgan 2.31M struck from $165
1890-O Morgan 10.7M struck from $50
1890-S Morgan 8.23M struck from $50
1891 Morgan 8.69M struck from $50
1891-CC Morgan 1.62M struck from $165
1891-O Morgan 7.95M struck from $50
1891-S Morgan 5.3M struck from $50
1892 Morgan 1.04M struck from $70
1892-CC Morgan 1.35M struck from $165
1892-O Morgan 2.74M struck from $50
Key date
1892-S Morgan 1.2M struck from $85
Key date
1893 Morgan 378K struck from $210
Major rarity
1893-CC Morgan 677K struck from $560
Key date
1893-O Morgan 300K struck from $155
1893-S Morgan Dollar
Major rarity
1893-S Morgan 100K struck from $2,850
Key date
1894 Morgan 110K struck from $210
1894-O Morgan 1.72M struck from $50
1894-S Morgan 1.26M struck from $50
Major rarity
1895 Morgan 880 struck from $24,000
Major rarity
1895-O Morgan 450K struck from $730
1895-S Morgan 400K struck from $80
1896 Morgan 9.98M struck from $50
1896-O Morgan 4.9M struck from $50
1896-S Morgan 5M struck from $50
1897 Morgan 2.82M struck from $50
1897-O Morgan 4M struck from $50
1897-S Morgan 5.83M struck from $50
1898 Morgan 5.88M struck from $50
1898-O Morgan 4.4M struck from $50
1898-S Morgan 4.1M struck from $50
1899 Morgan 330K struck from $70
1899-O Morgan 12.29M struck from $50
1899-S Morgan 2.56M struck from $50

1900s

15 issues
1900 Morgan 8.83M struck from $50
1900-O Morgan 12.59M struck from $50
1900-S Morgan 3.54M struck from $50
1901 Morgan 6.96M struck from $50
1901-O Morgan 13.32M struck from $50
1901-S Morgan 2.28M struck from $50
1902 Morgan 7.99M struck from $50
1902-O Morgan 8.64M struck from $50
1902-S Morgan 1.53M struck from $50
1903 Morgan 4.65M struck from $50
1903-O Morgan 4.45M struck from $210
Key date
1903-S Morgan 1.24M struck from $210
1904 Morgan 2.79M struck from $50
1904-O Morgan 3.72M struck from $50
1904-S Morgan 2.3M struck from $70

1920s

3 issues
1921 Morgan 44.69M struck from $50
1921-S Morgan 21.7M struck from $50
1921-D Morgan 20.34M struck from $50

Soon

In preparation

Values are Lustre editorial estimate, Oct 2026, not market data. Medallions stand in for issues without a licensed photograph of that exact date. How we estimate.

About the series

The Morgan Dollar, in brief

The Morgan dollar was struck from 1878 to 1904 and again in 1921, in 90% silver at five mints: Philadelphia, New Orleans, San Francisco, Carson City and Denver. George T. Morgan designed both sides: a Liberty head wearing a cap and wheat and cotton, and a heraldic eagle. Millions were stored in Treasury vaults and bank bags, which is why so many survive in Mint State. The Pittman Act of 1918 melted about 270 million silver dollars, so the 1921 issue was struck to replace them.

Morgan dollars are valued as silver first and as collectibles second. Common dates in circulated grades trade close to melt; the premium comes from low-mintage dates, Carson City issues and the dates that are rare in Mint State.

Designer
George T. Morgan
Composition
90% silver, 10% copper
Mint marks
Philadelphia, Carson City, San Francisco, New Orleans, Denver
Key dates
1884-S, 1886-O, 1889-CC, 1892-S

Morgan dollar, Wikipedia: mintage, composition, weight, diameter, edge, designer.

Morgan dollar mintage, Landofcoins.com: mintage by year and mint.

Lustre editorial grade-value estimates, Lustre: grade value ranges (estimates, not market data).

gold-api.com spot prices (reference level for estimates), gold-api.com: reference spot prices behind the estimates.