The value of an 1891 Morgan Silver Dollar can vary greatly depending on several key factors:
- 1891-CC (Carson City): Generally the most valuable due to lower mintage and historical significance. Values can range from approximately $200 in lower grades to well over $2,000 for uncirculated examples.
- 1891-S (San Francisco): Also quite valuable, especially in higher grades, as fewer were minted compared to the Philadelphia issue. Prices range from roughly $45.50 in circulated condition to potentially $29,500 for uncirculated specimens.
- 1891-O (New Orleans): Can also be valuable, especially for higher grades. Circulated coins might be worth $45.50-$145, while uncirculated examples can reach values of up to $26,500.
- 1891 (Philadelphia – no mint mark): The most common of the 1891 Morgan dollars. Circulated coins are generally worth between $46 and $65, while uncirculated examples can sell for up to $12,000.
The better the condition of the coin, the higher its value. Coins are graded on a scale from “Good” (G) to “Mint State” (MS), with higher numbers indicating better preservation.
Certain varieties and errors can significantly increase a coin’s value. For example, the 1891-CC “Spitting Eagle” variety, characterized by a die defect, is particularly sought after by collectors.
To get the most accurate valuation for your specific 1891 Morgan dollar, it is recommended to:
- Consult reputable coin dealers or numismatic experts.
- Utilize online platforms specializing in coins, such as those that allow you to sell to professional appraisers and dealers.
- Consider having your coin professionally graded by services like PCGS or NGC, as certified coins often command higher prices.
In summary, the value of an 1891 Morgan dollar depends heavily on its mint mark, condition, and any unique characteristics it may possess. Consulting with a professional is the best way to determine the accurate market value of your coin.
What makes a 1891 silver dollar rare?
Rare and Error Coins: The Doubled Ear
Sometimes, on some 1891 Morgan Silver Dollars, there’s an error that makes Lady Liberty’s ear look like it’s doubled. This is called the “Doubled Ear” error, and it’s very rare and wanted by collectors. It’s one of the most valuable mistakes you can find on these coins.
Where is the mint mark on a 1891 dollar coin?
Mintmarks are located on the reverse, along the bottom, above the DO in “Dollar”. These include an “S” for the San Francisco mint, “O” New Orleans and “CC” Carson City mint.
How to tell if a $1 coin is valuable?
Thanks for asking. U.S. dollar coins worth money are hard to identify at a glance. Their value lies in where they were minted, their historical significance, mintage, precious metal content, whether they are error coins, and their condition.
Should I clean my 1891 silver dollar?
Thanks for asking. You do not clean them unless you want them to lose their value.