The value of an 1884 one dollar coin (Morgan Silver Dollar) can vary significantly depending on several factors:
- 1884-CC (Carson City): These coins typically command a premium due to their lower mintage numbers and popularity among collectors. Circulated examples are worth between $115 and $275, while uncirculated examples can sell for as much as $43,000.
- 1884-S (San Francisco): These coins are also quite desirable, especially in higher grades, due to the low survival rate of uncirculated examples. Values can range from $47.50 to $3500 for circulated coins and up to $1,250,000 for pristine, uncirculated examples.
- 1884-O (New Orleans): While having a higher mintage, finding them in top condition can be challenging due to weak strikes. Circulated coins are worth between $46 and $63, and uncirculated coins can reach up to $14,400.
- 1884 (Philadelphia): Coins from the Philadelphia Mint have no mint mark. Circulated versions are typically worth between $45.50 and $63, but uncirculated examples in pristine condition can fetch up to $34,500.
- Circulated: Coins that show signs of wear and tear are generally worth less. For example, a circulated 1884-S Morgan Dollar can be worth between $40 and $200, depending on the level of wear.
- Uncirculated (Mint State): Coins with no signs of wear are much more valuable. For instance, an 1884-S Morgan Dollar in Mint State condition (MS60) can be worth $3,000 – $8,000, while in MS65 (near-perfect uncirculated), it can easily surpass $100,000.
- Some rare varieties, characterized by specific features or errors in the coin’s design or production, can significantly increase the value.
- Proof examples of Morgan Dollars from all years are rare and expensive.
In summary, a typical 1884 Morgan Silver Dollar in circulated condition might be worth around $25 to $50. However, depending on the mint mark and grade, the value can be significantly higher, reaching into the thousands or even hundreds of thousands of dollars for rare and exceptionally preserved examples.
Note: It’s important to have your coin professionally graded by services like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC) for an accurate assessment of its condition and authenticity.
How much silver is in a 1884 Morgan Dollar?
The coin was minted from 1878 to 1904. Made of 90% pure silver, it was produced in response to a change in US policy toward coining silver.
Where do you find the mint mark on a 1884 silver dollar?
It can be located on the back of the coin below the Eagle…the “O” mint mark is present above the letters “O” and “L” in the word “Dollar.” This 1884 New Orleans Mint Morgan dollar is ranked number 70 with a mintage of 9,730,000.
How do I know if my $1 coin is valuable?
From my experience, The best way to find the value of your dollar coins is with an appraisal online or in-person. Whether in-person or online, an appraisal can have an expert look at your dollar coins and tell you exactly how much they are worth and where their value is. The choice of appraisal is totally up to you and your convenience.
What happens if my silver dollar doesn’t have a mint mark?
For Peace silver dollars, the mint mark can be found below the word “ONE” and to the left of the eagle’s tail feathers. It’s common for silver dollars to not contain mint marks, which means that they were minted in Philadelphia.