The value of an 1883 silver dollar can vary greatly depending on several factors, primarily its condition (grade) and where it was minted (mint mark).
Based on August 2025 values:
- Circulated 1883 Morgan Dollars:
– According to the NGC Price Guide, these coins are worth between $45.50 and $63.
– Other sources estimate the value in circulated condition to be around $25 to $50.
– Examples from Philadelphia (no mint mark) in Extremely Fine (XF) condition are valued at $39.
– New Orleans (O mint mark) coins in Very Fine (VF) condition are valued around $41, with MS65 examples reaching over $200.
– 1883 Morgan Dollar coins from San Francisco (S mint mark) in Very Fine (VF) are worth around $65, and those in circulated condition can reach up to $800.
- Uncirculated (Mint State) 1883 Morgan Dollars:
– These coins can range significantly in value from $50 to several hundred dollars, depending on the grade.
– For example, an uncirculated 1883 Morgan dollar is valued around $41.
– Values rise significantly with higher grades, such as MS65 examples, which can fetch several hundred dollars or more, especially for Carson City (CC) mint examples.
– The highest grades (up to MS67) can exceed several thousand dollars.
– In pristine, uncirculated condition, 1883 Silver Dollars can sell for as much as $55,000.
– 1883-S Morgan Silver Dollar in Mint State (MS) is estimated to be between $1,200 to $160,000.
– 1883-CC Morgan Dollar BU (GSA), in its original GSA holder, is a very desirable coin and can be purchased for $371.12.
- Proof 1883 Trade Dollars:
– The 1883 Trade Dollar was a proof-only issue, making it popular among collectors.
– Values for an 1883 Proof Trade Dollar range from $950 to $23,500.
– Proof-64 graded coins can be found for $4,573.80 (check or wire) or $4,752 (credit card or PayPal).
– A PCGS PR62 graded 1883 Trade Dollar can be purchased for $3,500.
In conclusion, the value of an 1883 dollar coin depends heavily on its condition, mint mark (if any), and whether it is a regular issue (Morgan Dollar) or a proof (Trade Dollar). High-grade examples and those with desirable mint marks (like “CC”) will command the highest prices.
How much is one dollar in 1883 worth today?
Good point! Buying power of $1 in 1883
When $1 is equivalent to $31.83 over time, that means that the “real value” of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
How do I know if my 1883 silver dollar is real?
From my experience, 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.
Why is the 1893-S Morgan Dollar so valuable?
From my experience, Only 100,000 coins were struck, making it the lowest mintage of any business strike Morgan Dollar. It is thought that few survived in mint state because the majority of the coins were circulated. The coins are struck using blanks which are ninety percent silver. The 1893-S is known as the key date in the Morgan series.