Mintage: 4,900,000
- 1896 Silver Dollar Worth
- 1896 Silver Dollar Value Morgan Silver Dollar
- 1896 Silver Dollar Price
- 1896 Silver Dollar New Orleans
USA Coin Book Estimated Value of 1896 Morgan Silver Dollar is Worth $35 in Average Condition and can be Worth $61 to $281 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $3,068 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. USA Coin Book - An easy and simple way to buy, sell, auction off and keep track of coins online. Look up coin prices and values to see how much your collection is worth. Connect with dealers, other coin collectors and put coins up on your wishlist look up coin prices and values and ask for coins on your wishlist to make offers for. Even keep track of your coin collection in an online. The 1896 silver dollar – at almost the end of the century By 1896 the Morgan silver dollar had been around for around 20 years and was an everyday part of American life. Transactions were carried out day after day with it. Nobody gave the fact they used a real silver coin a second thought. Morgan Silver Dollar mintmark location Question: I have several morgan dollars ranging from 1900 to 1922. I have looked for the mint mark, under the eagle and above the 'D', but cannot see a mint mark there. Nearly twenty million silver dollars were struck across three mints: Philadelphia, San Francisco, and New Orleans. Philadelphia produced by far the most Morgan silver dollars in 1896: 9,967,762. These coins are still very common–so common that the NGC has graded almost 6,000 examples in gem (MS-65 or higher). San Francisco reports striking 5,000,000 silver dollars in 1896.
Finest Known: MS65 (NGC) MS66 (PCGS)
Auction Record: $345,000 (MS66)
1896 was the first year since 1892 that the New Orleans Mint produced more than two million Morgan dollars. Most 1896-O Morgan dollars went into circulation because of the low mintages of previous years. The New Orleans Mint retained some bags of 1896-O Morgans, which were sent to Treasury vaults after the Mint ceased operations.
Some bags of 1896-O Morgan dollars were released in the 1950s. Others showed up during the 1960s, but there was no interest in them. This is because coins from this mintage were almost universally unattractive.
Circulated 1896-O Morgan dollars are easy to find. PCGS estimates that there are only 23,000 surviving Mint State 1896-O Morgan dollars, and only eight of those are MS65 or higher. This makes the 1896-O one of the most rare Morgan dollars in high mint state.
In 2005, PCGS determined that all 1896-O, 1900-O and 1902-O Silver Dollars with so-called 'Micro o' mintmarks were counterfeit. This announcement was based on the discovery that all three dates shared common die markers.
The Value of an 1896-O Morgan Dollar
The 1896-O Morgan dollar unfortunately displays the poor, weak strikes and below average luster that was common among New Orleans Mint coins. As the majority of 1896-O Morgans were released into commerce, circulated examples are plentiful and cheap.
Surviving Mint State 1896-O Morgan dollars suffered from their being shipped from Mint storage in New Orleans to Washington DC and the Philadelphia Mint. As a result, the vast majority of Mint State coins grade no better than MS61 or MS62. Even so, these lower Mint State coins cost around $2,000. The weak strikes of most 1896-O Morgan dollars accounts for the almost non-existent number of coins MS65 and above.
1896-O Morgan Dollar Price Guide
1896 Silver Dollar Worth
1896 Silver Dollar Value Morgan Silver Dollar
Very Fine 25 | Extremely Fine 45 | About Uncirculated 55 |
---|---|---|
$41 | $81 | $195 |
1896 Silver Dollar Price
1896 Silver Dollar New Orleans
Mint State 61 | Mint State 63 | Mint State 65 | Auction Record (MS66) |
---|---|---|---|
$1,810 | $4,440 | $163,400 | $345,000 |
The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Statistics are for Mint State coins only. Proof and prooflike examples of this issue may have greater or lesser 'finest known' and different record auction prices.