An 1890 U.S. Morgan Silver Dollar, with the face value of one dollar, is primarily valued based on its condition (grade), mint mark, and overall demand.
Here’s a breakdown of its value based on grade and mint mark:
- The 1890 Morgan dollar contains 0.7734 troy ounces of pure silver, [according to NGC].
- Its melt value fluctuates with the price of silver. For example, with silver at approximately $25/oz, its melt value would be around $19.
- In circulated condition, showing signs of wear, the value can range from approximately $30 to $90 depending on wear and mint mark. According to the NGC Price Guide as of August 2025, circulated 1890 Morgan Dollars can be worth between $45.50 and $63, with variations based on mint mark, such as New Orleans ($45.50 to $65) and San Francisco ($45 to $85).
- Uncirculated examples can be worth significantly more, starting around $75 for lower grades and potentially reaching thousands of dollars for higher grades.
- The 1890-CC (Carson City) Morgan Dollar is particularly rare and desirable. Values for this mint in uncirculated condition can range from around $1,050 for MS60 to over $5,000 for MS65, with an MS66 coin selling for $58,750 at auction in 2015.
- Values for other mints in uncirculated condition vary depending on the grade, with higher grades generally commanding higher prices.
- Certain die variations and minting errors can increase a coin’s value. Notable examples include the “Tail Bar” variety (1890-CC VAM-4), which can fetch thousands of dollars, and other varieties like the “Doubled Die & Doubled Ear” and “Spiked Eagle’s Neck” from the New Orleans mint.
In summary, the value of an 1890 Morgan Dollar can range from its melt value (approximately $19) to thousands of dollars or more, depending on its condition, mint mark, and any unique features or varieties.
Where do you find the mint mark on a 1890 silver dollar?
On the other hand, Morgan dollars minted at different facilities, such as San Francisco (S), New Orleans (O), Carson City (CC), and Denver (D), do bear mint marks indicating their origin. These marks are usually found on the coin’s reverse side, just above the “DO” in “DOLLAR.”
How do I know if my $1 coin is valuable?
From my experience, The best way to find the value of your dollar coins is with an appraisal online or in-person. Whether in-person or online, an appraisal can have an expert look at your dollar coins and tell you exactly how much they are worth and where their value is. The choice of appraisal is totally up to you and your convenience.
What makes a 1890 silver dollar?
Thanks for asking. The 1890 Morgan dollar was struck in 90% fine silver over 115 years ago at the main U.S. mint in Philadelphia – the birthplace of American coinage. The first U.S. coins were struck in Philadelphia in 1793 during the presidency of George Washington.
Should you clean a 1890 silver dollar?
Good point! You do not clean them unless you want them to lose their value.