The value of an 1891 one dollar coin, specifically the Morgan Silver Dollar, depends heavily on factors such as its mint mark, condition (grade), and rarity.
Here’s a breakdown of the typical values for different 1891 Morgan Silver Dollar mint marks:
- 1891 (Philadelphia Mint – no mint mark): These are relatively common compared to other mint marks.
– Circulated: Between $45.50 and $65.
– Good Condition: Around $30-$50.
– Uncirculated: Can fetch as much as $12000 for pristine condition.
- 1891-S (San Francisco Mint): These are less common and more sought after.
– Circulated: Between $45.50 and $75.
– Good Condition: $100-$150.
– Uncirculated: Can sell for as much as $29500.
- 1891-O (New Orleans Mint): Also quite valuable, especially in higher grades.
– Circulated: Between $45.50 and $145.
– Good Condition: $75-$100.
– Uncirculated: Can sell for as much as $26500.
- 1891-CC (Carson City Mint): These are considered the most valuable of the 1891 Morgan Silver Dollars due to their low mintage and popularity among collectors.
– Good Condition: $300+.
– Extremely Fine: $800-$1,500.
– Uncirculated: $2,000+. Rare examples can fetch even higher prices.
Important factors influencing the value
- Condition/Grade: Coins in better condition (less wear, more original luster) are significantly more valuable. Grading services like NGC or PCGS certify and grade coins, increasing their value and authenticity.
- Rarity/Mintage: Lower mintage numbers generally lead to higher value. The 1891-CC is a prime example of this.
- Mint Mark: The mint mark identifies where the coin was struck, and certain mints (like Carson City) are known for producing rarer coins.
- Varieties and Errors: Specific varieties (like the 1891-CC “Spitting Eagle” with a die defect resembling spit from the eagle’s beak) or errors can significantly increase a coin’s value. The “Doubled Ear” error is another example.
- Silver Content: Morgan Dollars are composed of 90% silver, providing a base value tied to the current silver market price. However, the numismatic value for collectors often exceeds the melt value.
To determine the accurate value of your 1891 Morgan Silver Dollar, it’s recommended to consult with a reputable coin dealer or have the coin professionally graded by a service like NGC or PCGS. These experts can assess the coin’s specific characteristics and provide a more precise valuation based on current market conditions.
Where is the mint mark on a 1891 dollar coin?
I can help with that. 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 do you tell if you have a rare 1 dollar coin?
Thanks for asking. One of the easiest ways to tell if a coin is rare is to check the date. If the coin is from before 1800, it’s likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.
Should I clean my 1891 silver dollar?
From my experience, You do not clean them unless you want them to lose their value.