In 1897, the United States Mint produced several different coins, including Morgan Silver Dollars, Liberty Head $10 Gold Coins (also known as Gold Eagles), Liberty Head $20 Gold Coins (also known as Double Eagles), Barber Quarters , and Indian Head Pennies . The value of these coins varies depending on their condition (grade), mint mark (where they were struck), and any potential errors.
Here’s a breakdown of the value of these coins:
- Composition: 90% silver and 10% copper.
- Melt Value (as of August 2025): Approximately $29.43.
- Value: Prices for these coins vary significantly based on grade and mint mark. According to the NGC Price Guide (August 2025), circulated 1897 Morgan Dollars are worth $45.50 – $63, while uncirculated examples can be worth up to $16,000.
– No Mint Mark (Philadelphia Mint): Circulated condition: $45.50 – $63; Uncirculated condition: Up to $16,000.
– O Mint Mark (New Orleans Mint): Circulated condition: $40 – $520; Uncirculated condition: Up to $180,000.
– S Mint Mark (San Francisco Mint): Circulated condition: $38 – $65; Uncirculated condition: Up to $35,000.
- Composition: Gold.
- Melt Value (as of August 2025): Approximately $1613.93.
- Value: According to the NGC Price Guide (August 2025), circulated examples are worth $1765 – $1845, while uncirculated examples can sell for up to $12,000.
- Composition: Gold.
- Melt Value (as of August 2025): Approximately $3236.65.
- Value: According to the NGC Price Guide (August 2025), circulated examples are worth $3375 – $3475, while uncirculated examples can sell for up to $23,000.
- Composition: Silver.
- Value: According to [JM Bullion] and [Numiis] , the values of 1897 Barber Quarters vary by mint mark and condition:
– No Mint Mark (Philadelphia Mint): Good: $9; Fine: $26; Extremely Fine: $70; Uncirculated: $120.
– O Mint Mark (New Orleans Mint): Good: $40; Fine: $180; Extremely Fine: $385; Uncirculated: $600.
– S Mint Mark (San Francisco Mint): Good: $120; Fine: $300; Extremely Fine: $825; Uncirculated: $1,000.
- Value: According to [JM Bullion] , Indian Head Pennies from 1897 are worth:
– Good: $3
– Fine: $5
– Extremely Fine: $15
– Uncirculated: $25
Some 1897 coins with mint errors can fetch significantly higher values. For example, an 1897 Indian Head Penny graded at Mint State 67 sold for over $31,000. Other errors like reverse rotated errors, laminations, off-center strikes, and repunch dates can also increase a coin’s value considerably.
Important Note: The values listed are approximate and subject to change based on market conditions, condition, and rarity. It is always best to consult with a reputable coin dealer or authenticator for a precise valuation of your coin.
