The value of an 1883 One Dollar coin (specifically, the Morgan Silver Dollar) depends on several factors, primarily its condition (grade) and where it was minted (mint mark).
Here’s a breakdown of the value based on different mint marks and conditions as of August 2025:
- Circulated Condition: Values range from $45.50 to $63, depending on the specific grade (e.g., Good, Very Fine, Extra Fine).
- Uncirculated Condition: Values range from $70 to potentially $55,000 for top-grade coins (MS68), according to the NGC Price Guide.
- Note: Finding an 1883 Morgan Dollar in MS67 (mint state, grade 67) or higher is rare.
- Circulated Condition: Values range from $46.50 to $800, depending on the specific grade.
- Uncirculated Condition: Values range from $1,200 to $160,000, according to the NGC Price Guide.
- Note: Coins from the San Francisco Mint are known for good strikes but can have bag marks from storage, making high-grade examples harder to find.
- Values for Proof Like (PL) and Deep Proof Like (DPL) coins in uncirculated condition are even higher.
- Circulated Condition: Values range from $45.50 to $63, depending on the specific grade.
- Uncirculated Condition: Values range from $70 to $6,100, according to the NGC Price Guide.
- Note: The NGC has not graded any 1883-O Morgan Dollars in MS68.
- Circulated Condition: Values range from $115 to $270, depending on the specific grade.
- Uncirculated Condition: Values range from $344.92 (with box/COA) to $60,000, according to the NGC Price Guide.
Important notes
- Grading: Professional coin grading services, like NGC (Numismatic Guaranty Company) and PCGS (Professional Coin Grading Service), play a crucial role in assessing a coin’s condition and determining its value.
- Melt Value: The melt value of the silver in an 1883 Morgan Dollar is approximately $29.72 as of August 10, 2025. This is the absolute minimum value for the coin.
- Rarity: Coins with lower mintages and those in higher uncirculated grades are generally more rare and valuable.
- Factors Affecting Value: Besides condition and rarity, other factors like demand, historical significance, metal content, and errors can significantly impact a coin’s value.
- Counterfeits: Beware of counterfeit Morgan Dollars. Check the coin’s weight (26.73 grams) and diameter (38.1mm) and avoid relying solely on the magnet test, as many modern counterfeits use non-magnetic alloys.
- Market Fluctuations: Coin values can fluctuate based on market trends and collector interest. The provided values are based on data from August 2025.
How much is one dollar in 1883 worth today?
$1 in 1883 is equivalent in purchasing power to about $31.83 today, an increase of $30.83 over 142 years. The dollar had an average inflation rate of 2.47% per year between 1883 and today, producing a cumulative price increase of 3,082.82%.
How do I know if my 1883 silver dollar is real?
First, examine the “third side” or edge of the coin. Counterfeiters often use a thin layer of silver to plate the obverse and reverse. But they don’t bother to cover the edge. You will be able to see the applied silver from the difference in color and unevenness on the edge.