Lot 027Coin values

1884-S Morgan Dollar

Q: How much is a 1884-S Morgan Dollar worth?

Lustre's editorial estimate (Oct 2026) is $55–$300 for circulated examples (G-4 to EF-40) and $330,000–$470,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.

SAN FRANCISCO (S) · 90% SILVER, 10% COPPER · 3,200,000 STRUCK

The answer

Worth about $55⁠–⁠$300 circulated and $330,000⁠–⁠$470,000 in MS-65.

The 1884-S Morgan Dollar is a key date from the San Francisco Mint, with 3,200,000 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $55⁠–⁠$300, and a well-preserved MS-65 example is estimated at $330,000⁠–⁠$470,000. Because this is a key date, condition and authenticity matter far more than metal content: have any high-value coin graded by a recognised service.

Common in circulated grades but a major condition rarity in Mint State, unusual for a San Francisco issue.

1884-SSan Francisco (S)

Catalogue medallion. We do not yet hold a licensed photograph of this exact date and mint, so none is shown rather than one with a different date.

Morgan dollar obverse: Liberty head facing left — Design reference 1878-CC Morgan dollar, National Numismatic Collection. The date on this photograph is not this issue's date. Public domain, credit US Mint (coin), National Numismatic Collection (photograph by Jaclyn Nash), via Wikimedia Commons.

Morgan dollar reverse: eagle with wings spread inside a wreath — Design reference 1878-CC Morgan dollar, National Numismatic Collection. The date on this photograph is not this issue's date. Public domain, credit US Mint (coin), National Numismatic Collection (photograph by Jaclyn Nash), via Wikimedia Commons.

Mint: San Francisco (S)
Composition: 90% silver, 10% copper
Mintage: 3,200,000
Weight and size: 26.73 g · 38.1 mm
Designer: George T. Morgan

RarityKey date

PlentifulRare

Scarcer than 59% of the 96 issues in the Morgan series with a recorded mintage. 3,200,000 struck. Mintage is the number struck, not the number that survive.

Grade & value

Circulated$55–$300

Melt, live$46.81

Estimated value by grade for the 1884-S Morgan Dollar. Lustre editorial estimate, Oct 2026.
Grade	Estimate
G-4Good	$55–$65
VG-8Very Good	$65–$75
F-12Fine	$75–$95
VF-20Very Fine	$105–$135
EF-40Extremely Fine	$220–$300
AU-50About Uncirculated	$770–$1,050
AU-58Choice About Uncirculated	$3,300–$4,700
MS-60Mint State 60	$12,250–$17,750
MS-63Choice Mint State	$33,000–$47,000
MS-65Gem Mint State	$330,000–$470,000

Melt value (silver)$46.81

0.7735 troy oz of silver at the spot price. Reference prices, not live

Scan your coin

Estimates. Grade values are Lustre editorial estimate, Oct 2026, based on spot prices near $61 per ounce for silver. They are not market data, an appraisal or an offer. Rows marked at melt follow the metal price.

Value ladder

Varieties to look for

Mint mark position

S, O, CC and D sit on the reverse below the wreath. Check the letter against the date: Carson City (CC) coins carry a premium in every grade.

Strike and surface

Look for full hair detail above Liberty's ear and sharp eagle breast feathers. Prooflike (PL) and deep mirror prooflike (DMPL) surfaces carry large premiums in Mint State.

Cleaning

Many Morgans have been cleaned or dipped. Hairlines and a dull, wiped look reduce value; original toning is generally preferred.

Questions

About the 1884-S Morgan

How much is a 1884-S Morgan Dollar worth?

Lustre's editorial estimate (Oct 2026) is $55⁠–⁠$300 for circulated examples (G-4 to EF-40) and $330,000⁠–⁠$470,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.

Is a 1884-S Morgan Dollar silver?

Yes. It is 90% silver, 10% copper and weighs 26.73 g, which is 0.7735 troy ounces of pure silver. Its melt value is that weight multiplied by the current silver spot price, shown live on this page.

How many 1884-S Morgan Dollars were minted?

3,200,000 were struck at the San Francisco Mint.

Where is the mint mark on a Morgan Dollar?

On the reverse, below the wreath and above the letters ONE. Philadelphia coins have no mint mark.

Is my 1884-S Morgan Dollar rare?

Yes. It is a key date. Check the variety notes on this page, look at the date and mint mark under magnification and consider professional grading before selling.

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