Grading Silver Dollars: How To Determine The Grade Of A Silver Dollar

reverse-of-morgan-silver-dollar-by-giveawayboy.jpg In a previous article I listed information that might help you get an approximate idea of the grade of your coin.

Now I’m going to go into detail of how to obtain exact grades for your circulated silver dollars.

There are 3 types of silver dollar coins that I will cover here which are: the Eisenhower silver dollar, the Peace silver dollar, and the Morgan silver dollar.

 

Eisenhower Silver Dollars

AU-55
Obverse: Only a trace of wear shows on the highest points of the jawbone and at center of neck.

Reverse: A trace of wear shows at high points of feathers in wings and legs. Nearly all mint luster still present.

EF-45
Obverse: Slight wear shows on cheek, along jawbone, and on high points at edge of bust. Hairlines are sharp and detailed.

Reverse: High points of head, legs, and wing ridges are lightly worn. Central feathers are all clearly defined. 3/4 of mint luster still present.

VF-30
Obverse: Wear spots show on hair below part and along cheek and jaw. Hairlines are weak but have nearly full visible details. Slight wear shows at center of neck and along edge of bust.

Reverse: Wear shows on head and feathers in wings and legs but all details are visible. All central tail feathers are plain. Wing and leg ridges are lightly worn.

More about the Eisenhower silver dollar.

Peace Silver Dollars

Peace_dollar_obverse-public-domain.jpgAU-55
Obverse: Trace of wear shows on hair over ear and above forehead. Slight wear visible on cheek.

Reverse: High points of feathers on right wing show a trace of wear. Most of mint luster still present although marred by light bag marks and surface abrasions.

AU-50
Obverse: Traces of wear visible on neck and hair over ear and above forehead. Cheek shows slight wear.

Reverse: Traces of wear show on head and high points of feathers on right wing. 3/4 of mint luster still present. Surface abrasions and bag marks are more noticeable than for AU-55.

EF-45
Obverse: Hair around face shows slight wear but most hair strands are visible. Lower edge of neck lightly worn.

Reverse: Top of neck and head behind eye show slight wear. Central wing and leg feathers lightly worn. Half of mint luster still present.

EF-40
Obverse: Slight flattening visible on high points of hair. Most hair strands clearly separated. Entire face and lower edge of neck lightly worn.

Reverse: Wear shows on head behind eye and top of neck. Some flat spots visible on central wing and leg feathers. Partial mint luster is visible.

More about the Peace silver dollar.


Morgan Silver Dollars

Morgan_silver_dollar-public-domain.jpgAU-55
Obverse: Slight trace of wear shows on hair above ear and eye, edges of cotton leaves, and high upper fold of cap. Luster fading from cheek.

Reverse: Slight trace of wear shows on breast, tops of legs, and talons. Most of mint luster still present although marred by light bag marks and surface abrasions.

AU-50
Obverse: Traces of wear show on hair above eye and ear, edges of cotton leaves, and high upper fold of cap. Partial detail visible on tops of cotton blossoms. Luster gone from cheek.

Reverse: There are traces of wear on breast, tops of legs, wing tips, and talons. 3/4 of mint luster still present. Surface abrasions and bag marks are more noticeable than for AU-55.

EF-45
Obverse: Slight wear on hair above date, forehead, and ear. Lines in hair well detailed and sharp. Slight flat spots on edges of cotton leaves. Minute signs of wear on cheek.

Reverse: High points of breast are lightly worn. Tops of legs and right wing tip show wear. Talons are slightly flat. Half of mint luster still present.

EF-40
Obverse: Wear shows on hair above date, forehead, and ear. Lines in hair well detailed. Flat spots visible on edges of cotton leaves. Cheeks lightly worn.

Reverse: Almost all feathers gone from breast. Tops of legs, wing tips, and feathers on head show wear. Talons are flat. Partial mint luster visible.

VF-30
Obverse: Wear shows on high points of hair from forehead to ear. Some strands visible in hair above ear. There are smooth areas on cotton leaves and at top of cotton blossoms.

Reverse: Wear shows on leaves of wreath and tips of wings. Only a few feathers visible on breast and head.

VF-20
Obverse: Smooth spots visible on hair from forehead to ear. Cotton leaves heavily worn but separated. Wheat grains show wear.

Reverse: Some leaves on wreath are well worn. Breast is smooth and only a few feathers show on head. Tips of wings are weak but lines are complete.

F-12
Obverse: Hairline along face is clearly defined. Lower 2 cotton leaves are smooth but distinct from cap. Some wheat grains merging. Cotton blossoms flat but the two lines in each show clearly.

Reverse: 1/4 of eagle’s right wing and edge of left wing are smooth. Head, neck, and breast are flat and merging. Tail feathers slightly worn. Top leaves in wreath show heavy wear.

VG-8
Obverse: Most details in hair are worn smooth. All letters and date are clear. Cotton blossoms flat and leaves merging in spots.

Reverse: Hair of eagle’s right wing and 1/3 of left wing are smooth. All leaves in wreath are worn. Rim is complete.

G-4
Obverse: Hair is well worn with very little detail remaining. Date, letters, and design clearly outlined. Rim is full.

Reverse: Eagle is worn nearly flat but is completely outlined. Design elements smooth but visible. Legend is all visible and rim is full.

AG-3
Obverse: Head is outlined with nearly all details worn away. Date readable but worn. Legend merging into rim.

Reverse: Entire design partially worn away. Rim merges into legend.

More about the Morgan silver dollar.

 

Check out this video: How to Properly Organize a Morgan Dollar Collection.

It takes a lot of time and experience to consistently grade coins accurately, but you’ll never get there
if you don’t start somewhere. Hopefully you’re able to grade your Eisenhower silver dollars, Peace silver dollars, and Morgan silver dollars to some point now.

Jay

I have been collecting and trading coins for years. Coin collecting is a hobby for me, and I've done a lot of research about coins through the years.

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  • ludwig r. koukal

    I have 40 Morgan Silver dollars that were graded as MS 60+/63 by what appears to be outmoded – what is this as compared to your grading if you can give me an answer?

    • Anonymous

      Hi, Ludwig —

      Can you tell who graded your Morgan dollars? Were they graded by a coin dealer, a collector, a third-party grading service? Which grading service?

      Without seeing the coins it’s nearly impossible to say if the grades are correct or if they are off; how do your coins seem to match the grading descriptions listed above?

  • Harvey Kennedy

    I have 22 morgan dollars that are uncirculated now where on grading scale does these coins rank? I mean are they as high as MS63 or MS65?

    • JoshuaTheFunTimesGuide

      Hello, Harvey –

      It’s really a matter of determining each individual Morgan dollar. As uncirculated, they definitely rank at least MS 60, though it’s doubtful many, if any, rank as high as MS 64. Morgan dollars, the big, heavy coins that they are, got banged around so many times in the original mint bags that yours may have numerous contact (or “bag”) marks on them. The more contact marks and other types of surface abrasions, the lower on the Mint State totem pole they will be. Here’s a little guide to help you determine what each of yours grade:

      How to Grade a Mint State Coin: http://coins.thefuntimesguide.com/2010/09/mint_state_coin.php

      Getting the question of grading answered will help us figure out the total value of your coins; this will also depend on the date. Even if you have all 1921s (the most common date) and they are in Mint State 60, I’d place a low-ball estimate (given current silver prices) of at least $440 for the entire lot.