The value of an 1883 Morgan silver dollar today depends on several factors, primarily its condition (grade) and where it was minted (mint mark).
Here’s a summary of the potential value range for 1883 Morgan dollars based on their mint mark and condition (grade), as of August 2025:
- Philadelphia Mint (no mint mark):
– Circulated condition: $45.50 to $63.
– Uncirculated condition (MS60-MS68): Values increase significantly with higher grades, with a possible range from around $70 up to $55,000 for top-tier specimens. Coins in grades like MS66 are more common, with higher grades like MS67 being much harder to find.
- New Orleans Mint (“O” mint mark):
– Circulated condition: $45.50 to $63.
– Uncirculated condition: Values are similar to the Philadelphia mint, with high-grade examples (like MS67) reaching around $6,100. However, finding MS68 graded coins is extremely rare.
- San Francisco Mint (“S” mint mark):
– Circulated condition: $46.50 to $800. This wider range compared to the other mints reflects the higher quality strike and potential for wear and tear on these coins.
– Uncirculated condition (MS60-MS67): Values typically range from $1,200 to $160,000. High-grade examples are rare due to issues with bag marks and abrasions from storage. Proof-like (PL) and Deep Proof Like (DPL) coins in mint state can command even higher prices.
- Condition (Grade): This is paramount. Uncirculated (MS) coins are generally far more valuable than circulated ones, and within the uncirculated range, higher grades mean exponentially higher values.
- Mint Mark: The mint mark (or lack thereof) indicates where the coin was produced. The “CC” mint mark (Carson City) is often associated with lower mintage numbers and can command a premium.
- Strike Quality: Even in uncirculated grades, some coins may have weaker strikes, impacting their visual appeal and potentially their value.
- Luster and Toning: Coins with strong original mint luster and appealing toning can be more desirable to collectors.
- Varieties (VAMs): Certain varieties, such as those with doubled dies or other anomalies, can significantly increase a coin’s value, particularly if they are recognized as “Top 100” or “Hot 50” varieties.
Note: The melt value of the silver in an 1883 Morgan dollar is approximately $29.47 as of August 15, 2025. However, the numismatic value (value to collectors) can be substantially higher, particularly for uncirculated or rare varieties. It’s crucial to have the coin properly graded by a reputable third-party grading service for an accurate assessment of its value.
How much is one dollar in 1883 worth today?
$1 in 1883 is equivalent in purchasing power to about $31.83 today, an increase of $30.83 over 142 years. The dollar had an average inflation rate of 2.47% per year between 1883 and today, producing a cumulative price increase of 3,082.82%.
How do I know if my 1883 silver dollar is real?
First, examine the “third side” or edge of the coin. Counterfeiters often use a thin layer of silver to plate the obverse and reverse. But they don’t bother to cover the edge. You will be able to see the applied silver from the difference in color and unevenness on the edge.
Where is the mint mark on a 1883 silver dollar?
Your 1883-O Morgan is considered to be brilliant uncirculated and is close to the MS63 grade. The mint mark “O” is underneath the eagle, on the reverse, and it represents the New Orleans branch of the US Mint. Morgans are always 90% silver and weigh 26.73 grams, which is about 5 grams off from being one ounce.