Morgan Dollar Value Has Risen Over The Past 15 Years

morgan-dollar-coinThe Morgan dollar is one of those coins loved by collectors and investors alike.

These large, silver coins are very popular in uncirculated condition.

Scarce dates are sought after in almost any grade.

The Morgan dollar value has been volatile.

 

Morgan Dollars

The Morgan dollar was among the coins that saw the steepest declines in the wake of a coin market crash in 1989. Some of the Morgan dollar’s values have since risen.

The rise in bullion value is substantially behind some of the price increases of the most common Morgan dollar dates.

Increases in both scarcity and demand have fueled price increases in other areas.

 

Morgan Dollar Values: 1994 vs 2009

Taking a look back at the coin market, you can see how well these coins have performed over the past 15 years.

Using Morgan dollar prices from the 1994 and 2009 editions of A Guide Book of United States Coins, by R.S. Yeoman and Kenneth Bressett, let’s compare the prices of yesteryear to those of today.

Morgan dollar prices are up all across the board over the past 15 years. Therefore, for the sake of space, let’s pick out just 10 (of the many) performers that have really shone on the investment stage.

While you may be familiar with “O” (New Orleans) and “S” (San Francisco) mintmarks, you may not have seen “CC” before. “CC” is the mintmark for Carson City, Nevada, which produced millions of silver dollars during its 1870-1893 operation.

  • 1878-CC $30-135 Very Fine to Mint-State 63 (1994 edition)
  • 1878-CC $110-375 Very Fine to Mint-State 63 (2009 edition)
  • 1881-CC $100-190 Very Fine to Mint-State 63 (1994 edition)
  • 1881-CC $375-600 Very Fine to Mint-State 63 (2009 edition)
  • 1885-CC $170-225 Very Fine to Mint-State 63 (1994 edition)
  • 1885-CC $500-700 Very Fine to Mint-State 63 (2009 edition)
  • 1889-CC $265-13,000 Very Fine to Mint-State 63 (1994 edition)
  • 1889-CC $1,850-36,500 Very Fine to Mint-State 63 (2009 edition)
  • 1893-S $1,200-40,000 Very Fine to Mint-State 63 (1994 edition)
  • 1893-S $7,250-150,000 Very Fine to Mint-State 63 (2009 edition)
  • 1895-S $150-2,500 Very Fine to Mint-State 63 (1994 edition)
  • 1895-S $450-6,000 Very Fine to Mint-State 63 (2009 edition)
  • 1899 $30-110 Very Fine to Mint-State 63 (1994 edition)
  • 1899 $120-360 Very Fine to Mint-State 63 (2009 edition)
  • 1902-S $40-300 Very Fine to Mint-State 63 (1994 edition)
  • 1902-S $140-700 Very Fine to Mint-State 63 (2009 edition)
  • 1903-O $125-175 Very Fine to Mint-State 63 (1994 edition)
  • 1903-O $360-550 Very Fine to Mint-State 63 (2009 edition)
  • 1903-S $55-3,000 Very Fine to Mint-State 63 (1994 edition)
  • 1903-S $160-6,500 Very Fine to Mint-State 63 (2009 edition)

 

Investing In The Morgan Dollar

Now, while this is enticing data, do not use this article as investment advice. This article is intended to simply provide some insight into how the market has performed over the past 15 years.

Again, many people familiar with coin investing know that Morgan dollars took a major price tumble in 1989. Nobody knows for sure if and when a similar price crash may happen again.

That is why it is always prudent to bear in mind that the coin market is volatile and risky.

 

More About The Morgan Dollar

 

 

Joshua McMorrow-Hernandez

My love for coins and numismatics began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I've also been studying meteorology and watching weather patterns for years. I enjoy sharing little-known facts and fun stuff about coins, weather, travel, health, and living green with others.

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