Lot 064Coin values

1895 Morgan Dollar

PHILADELPHIA · 90% SILVER, 10% COPPER · 880 STRUCK

The answer

A genuine 1895 Morgan Dollar is a Proof and is worth roughly $24,000⁠–⁠$32,000 in PR-60 and $85,000⁠–⁠$115,000 in PR-65.

The 1895 Morgan Dollar is one of the major rarities of the series from the Philadelphia Mint, with 880 pieces struck.

Proof only: 880 Proofs were struck and no business strikes are known to exist. Every genuine example is a Proof.

Only 880 Proofs are recorded. Mint reports mention 12,000 business strikes, none of which are known to survive; every genuine 1895 dollar is a Proof. This is the key date of the series.

1895Philadelphia

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: Philadelphia
Composition: 90% silver, 10% copper
Mintage: 880
Weight and size: 26.73 g · 38.1 mm
Designer: George T. Morgan

RarityMajor rarity

PlentifulRare

Scarcer than 100% of the 96 issues in the Morgan series with a recorded mintage. 880 struck. Mintage is the number struck, not the number that survive.

Grade & value

PR-60$24,000⁠–⁠$32,000

Melt, live$46.81

Estimated value by grade for the 1895 Morgan Dollar. Lustre editorial estimate, Oct 2026.
Grade	Estimate
PR-60Proof 60	$24,000–$32,000
PR-63Proof 63	$38,000–$52,000
PR-64Proof 64	$55,000–$75,000
PR-65Proof 65	$85,000–$115,000
PR-66Proof 66	$120,000–$170,000

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 1895 Morgan

How much is a 1895 Morgan Dollar worth?

Only Proofs exist. Lustre's editorial estimate (Oct 2026) is $24,000⁠–⁠$32,000 for PR-60 and $85,000⁠–⁠$115,000 for PR-65. Any 1895 dollar offered as a business strike should be treated with caution and authenticated.

Is a 1895 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 1895 Morgan Dollars were minted?

880 were struck at the Philadelphia Mint. Only 880 Proofs are recorded. Mint reports mention 12,000 business strikes, none of which are known to survive; every genuine 1895 dollar is a Proof. This is the key date of the series.

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 1895 Morgan Dollar rare?

Yes. It is one of the major rarities of the series. 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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