1889 Coin Value: Morgan Silver Dollar Prices by Mint and Condition

Here’s information regarding the value of 1889 US coins, particularly Morgan Silver Dollars:

The value of an 1889 Morgan Silver Dollar varies significantly based on its condition (grade) and the mint where it was produced.

Here’s a breakdown by mint location and condition:

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• Philadelphia Mint (no mint mark):

– Good (G-4 to VG-8): $30 – $50.
– Fine (F-12 to VF-20): $50 – $70.
– Extremely Fine (EF-40 to AU-50): $100 – $250.
– Uncirculated (MS-60 to MS-68): $250 – $35,000+.

• New Orleans Mint (“O” mint mark):

– Good (G-4 to VG-8): $40 – $60.
– Fine (F-12 to VF-20): $60 – $100.
– Extremely Fine (EF-40 to AU-50): $150 – $200.
– Uncirculated (MS-60 to MS-68): $250 – $45,000+.

• San Francisco Mint (“S” mint mark):

– Good (G-4 to VG-8): $40 – $70.
– Fine (F-12 to VF-20): $80 – $100.
– Extremely Fine (EF-40 to AU-50): $135 – $225.
– Uncirculated (MS-60 to MS-68): $300 – $30,000+.

• Carson City Mint (“CC” mint mark):

– Good (G-4 to VG-8): $455 – $800.
– Fine (F-12 to VF-20): $975 – $2,000.
– Extremely Fine (EF-40 to AU-50): $3,875 – $7,000.
– Uncirculated (MS-60 to MS-68): $8,000 – $120,000+.

The following factors influence the value of any coin, including the 1889 Morgan Silver Dollar:

1. Rarity/Mintage: Coins with lower mintage numbers or fewer surviving examples are generally more valuable.
2. Condition/Grade: Well-preserved coins with minimal wear and high grades command higher prices.
3. Demand: Popularity and collector interest in a specific coin series influence its value.
4. Historical Significance: Coins associated with significant events or eras can have enhanced value.
5. Metal Content: Coins made of precious metals like gold or silver have an intrinsic value based on their metal content.
6. Mint Mark: The mint where a coin was produced can significantly impact its value, as seen with the higher value of the 1889 Carson City Morgan Dollar.

If you are unsure of your coin’s value, or if you believe it might be rare or valuable, consider getting a professional appraisal. You can find qualified appraisers through:

• Local coin dealers.
• Numismatic organizations like the American Numismatic Association (ANA).
• Reputable online appraisal services.
• Auction houses like Heritage Auctions or Stack’s Bowers Galleries.

Remember, a professional appraisal can provide an accurate assessment of your coin’s grade and market value.