Key Dates, Rarities, and Varieties The Morgan silver dollars listed below are worth considerably more than common Morgan silver dollars in … The 1895 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. The publication of the "Comprehensive Catalog and Encyclopedia of Peace and Morgan Silver Dollars" by Leroy Van Allen and George Mallis, also known as the VAM book, also spurred significant collector interest in Morgan silver dollars. Combine wear with the normal bumps and nicks of use and a … The ones that were released into circulation at the time of their striking quickly acquired the look of an AU coin due to poor strikes and luster. Given that there are no business strike specimens known to exist, a Proof specimen will have to be obtained to complete your collection of Morgan silver dollars. The coin was also derisively called a "cartwheel" for its large size and weight. By using The Spruce Crafts, you accept our, Morgan Silver Dollar Specifications and Details. Buy & Sell This Coin. 46. Regrettably, most entered circulation at the time and quickly developed wear. 1895 Morgan Silver Dollar As far as US coins are concerned, few are more popular than the Morgan Silver Dollar, which was first minted in the late 1800s. The Treasury was forced to buy this incredible amount of silver, all of which was flowing out of the Comstock Lode in Nevada, because of a group of silver mine owners who had formed a lobbying group. Buy & Sell This Coin. The proper numismatic term for the coin type is the "Liberty Head" silver dollar. Minted only in proof, the 1895 dollar is a rare coin indeed, and one that often ever really shows up in big auctions or at major coin dealer firms. All ... Pre-1921 Morgan Silver Dollar Gem Brilliant Uncirculated (BU) Condition (1878-1904) Set Uncirculated. 1895 O MORGAN SILVER DOLLAR XF+ DETAILS NEW ORLEANS MINT COIN - 450,000 MINTED The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. This is simply because the United States Mint made almost a billion Morgan silver dollars between 1878 and 1921. Therefore, mint employees revived the Morgan silver dollar design that was used for part of the year until the Peace silver dollar dies were ready for production. The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. It is quite reasonable to expect a minimum outlay of $500 to $800 for any example of an 1895 Morgan Dollar. The Spruce Crafts uses cookies to provide you with a great user experience. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. It’s prudent that any 1895 Morgan Dollar you buy should be in a slab with a recognizable third-party logo. Free Shipping by Amazon. Some believe that the coins were minted, but as the Treasury Department melted hundreds of millions of coins throughout the years, some believe that the 12,000 unaccounted-for 1895 coins were melted. These sub-categories were naturally more scarce than just any coin from that year, so collectors who might previously have been satisfied with one specimen from each year and mint now had to have several from each year to complete the "set.". 1896 Morgan Silver Dollar Value Pushed higher by bullion prices your 1896 Morgan silver dollar value is a minimum of . However, research has accounted for 750 to 800 of the 1895 Morgans, all of them, Proofs. 1895 Morgan Dollar values and facts of the coin that should exist but doesn't. Which theory is correct, we will never know. There were still plenty of Morgans to go around since they only circulated in a few small areas. But we do know that this is the rarest of all Morgan dollars. Value of 1895 Morgan Silver Dollar. Many collectors consider the 1895-S Morgan dollar a … The Treasury had to do something with all this silver, so it had the Mint produce the Liberty Head, or Morgan, silver dollars. The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. If you ever have a question about the grading of a coin, please contact the grading service company with the serial number of the coin in this listing for more details. As for the New Orleans and San Francisco issues, expect a hide-and-seek game when it comes to tracking down either of the two branch mint pieces from 1895. The Redfield hoard got a lot of publicity, and as the U.S. population had become a lot more familiar with the value of silver coins in the years following the change from silver coinage to clad coinage. Out of all the different dates and mintmark combinations, the 1895 no mint mark is the rarest of them all. The Value of An 1895-S Morgan Dollar. She is a member of the American Numismatic Association. The Morgan Dollar is so-called because George T. Morgan designed it. With the passage of the Bland-Allison Act in 1878, the United States government was required to buy between two and four million ounces worth of silver every month, and convert it into silver dollars. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $634, while one in certified mint state (MS+) condition could bring as much as $18,000 at auction. Only a few hundred Proof 1895 Morgan Silver Dollar exist today, although US Mint records indicate 12,000 business strike dollars were produced. 1895-S Morgan Silver Dollar - KEY DATE We acquire coins from a variety of sources with some being graded before we get them and some we send out to grading service companies after we receive them. Millions of Morgan silver dollars sat in government vaults for many decades, languishing in obscurity. The VAM book boosted the values of Morgan dollars into the big time. It is worth noting that the mintage of the 1895 Proof Morgan Dollar was not particularly low when compared to the mintages of other Proof Morgan Dollars struck by the Philadelphia Mint. A copy of a rare coin is generally only worth its metal value. $63.46 $ 63. The 1895 is a major hurdle for Morgan Dollar collectors seeking a complete set, which explains its high value. What Are VAM Morgan and Peace Silver Dollar Die Varieties? It owes this title to the fact that not a single business-strike 1895-P Morgan dollar is known. The Treasury had about 2.9 million Morgans left in 1964, mostly scarce Carson City specimens, which the GSA put up for public sale via mail-bid auctions starting in 1972. Only 450,000 were struck, of which many were likely melted. The finest 1895-O Dollar is a single PCGS MS-67, the phenomenal coin once owned by Silver Dollar specialists Wayne Miller and Jack Lee, and which realized $575,000 way back in 2005. Type: Morgan Silver Dollar Year: 1895 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 880 [ Silver Content: 90% Silver Weight:.7735 oz. If your goal is a complete date-and-mintmark set of Morgan Dollars, the 1895 Philadelphia piece will present a significant challenge. In February of 1878, a law called the Bland-Allison Act was passed by Congress requiring the Treasury to buy between two and four million troy ounces of silver per month. What baffles the experts is, where did 12,000 plus coins go? The real feeding frenzy came when an amazing hoard of more than 400,000 Morgans was found in the basement of Nevada miser LaVere Redfield after his death in 1975. 1895 O MORGAN SILVER DOLLAR HI GRADE GENUINE U.S. MINT RARE KEY COIN 3679 Numismatic scholars do not agree with each other on how or why the 12,000 circulation strike specimens of the 1895 Morgan silver dollar have vanished. The Morgan Silver Dollar Coin name is in homage to their designer, George T. Morgan. Coins that were previously valued based on a given year's known mintage of a certain number of specimens now had sub-categories of specimens for that year based on die varieties. By 1980, as the supplies dwindled, the public finally became interested in collecting the beautiful Morgan Dollar. 1895 Proof Morgan Silver Dollar pictures, mintage, facts, and information. Before You Invest in Morgan Dollars, Consider These Points, What You Need to Know About Bicentennial Quarters, How to Collect Kennedy Half Dollars Coins, Eisenhower Dollar (Ike Dollars) Specifications and Details. 1895 O Morgan Dollar: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. This book lists all of the known die varieties of the Morgan dollar series and spurred collectors to examine their coins more closely for detail. This page also shows coins listed for sale so you can buy and sell. The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. Although the Morgan Dollar wasn't very popular when it first came out, we know today that it is one of the most popular coin types in the entire U.S. coinage series. 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