Based on the provided information, the value of an 1883 coin depends significantly on its type, condition, and mint mark.
- Value Range: 1883 Morgan Silver Dollars can be worth anywhere from under one hundred dollars to upward of tens of thousands of dollars, depending on their grade and rarity.
- Circulated condition: In circulated condition, these coins are generally worth between $45.50 and $63, according to the [NGC Price Guide].
- Mint marks:
– “O” (New Orleans Mint): These coins are known for being available in higher grades. Their value ranges from about $50 in lower uncirculated grades to over $200 for MS65 examples. Extremely fine examples are worth $39, while uncirculated examples are worth $41. Pristine, uncirculated specimens can fetch as much as $6,100.
– “CC” (Carson City Mint): Coins with the “CC” mint mark are highly sought after by collectors due to the Carson City Mint’s lower mintage numbers and historical significance. These coins are often more valuable. Examples in extremely fine condition are valued at $120, while uncirculated coins are worth $145. Uncirculated examples in government holders sell for $648. The estimated value for a circulated 1883-CC Morgan Silver Dollar is between $115 and $270. In pristine, uncirculated condition, these coins can sell for as much as $60,000.
– “S” (San Francisco Mint): The 1883-S Morgan Dollar is typically well-struck and of high quality, but high-grade examples are extremely scarce due to abrasions from improper storage in bags at the Treasury Department. Extremely fine examples are valued at $53, while uncirculated coins are worth $140. Circulated examples are worth between $47 and $800. Mint state coins are valued at $1,200 to $160,000. Proof-like coins are worth $550 to $215,000, and deep proof-like coins are worth $13,150 to $100,000. Only two MS66+ DMPL coins have been graded higher than the 1883 MORGAN S$1 MS66 DMPL coin, which is valued at $11,950.
– No Mint Mark (Philadelphia Mint): These are among the most available of the Morgan Dollars minted in the 1880s. They were produced in great quantity and sometimes struck in haste, so collectors should look for specimens with strong strikes and good luster. Circulated examples can be found in Very Fine (VF) or About Uncirculated (AU) condition without difficulty. Extremely fine examples are valued at $39, and uncirculated examples are worth $41. Prices for the 1883 Morgan Dollar without a mint mark range from $44 in VG/VF condition to $2,589 for an MS-67 PCGS graded coin, according to [APMEX] . Uncirculated, collectible condition dollars are offered between $40.32 and $64.95. A Very Good #2 collectible condition dollar is offered for $105. A PCGS PR-67, CAC graded coin sold for $25,875. According to the [NGC Price Guide] , circulated coins are worth between $45.50 and $63. In pristine, uncirculated condition, they can sell for as much as $55,000.
- 1883 V-Nickel (without CENTS): This initial design, without the word “CENTS” on the reverse, is the more in-demand variety among collectors.
- 1883 V-Nickel (with CENTS): This variety was produced with the word “CENTS” added to the reverse to prevent it from being passed off as a $5 piece.
- Value Factors: The value depends heavily on the coin’s condition (grade).
– Uncirculated: These coins were preserved shortly after production and show no signs of wear, retaining their original luster.
– Extremely Fine: These coins were circulated for a short time and show only minor scratching upon close inspection.
– Fine: These coins were circulated for a decent period, resulting in a loss of fine detail and flatness, but major designs are still present.
– Good: These coins show heavy damage from extensive circulation.
- An 1883 Indian Head Cent graded by PCGS at a mint state 67 red sold for over $11,000. An 1883 Indian Head Penny graded at a very fine 25 sold for around $25.
- [Mexico 8 Reales Rare Overdate & Mint Error Silver Coin]: An uncirculated Mexico City 8 Reales silver dollar sized coin with a rare overdate variety (1883/2) and a mint error (“Struck Through”) is offered for $1,800.
It’s important to remember that these are general estimates, and the actual value of a particular 1883 coin can vary significantly based on factors like the specific grade, strike quality, toning, and eye appeal. For a precise valuation, it’s always recommended to consult with a professional coin appraiser or numismatist.
What makes a 1883 silver dollar rare?
Value of 1883 Morgan Silver Dollar
As these were produced in great quantity and often struck in haste, collectors are advised to take care to find attractive pieces. Many coins have weakly defined strikes on the eagle’s breast feathers, due to the dies being slightly too far apart in the coining press.
How much is money from 1883 worth today?
I can help with that. $1 in 1883 is equivalent in purchasing power to about $31.83 today, an increase of $30.83 over 142 years.
How do I know if my 1883 silver dollar is real?
Good point! 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.