The 1895-O Morgan dollar is one of the key conditional rarities of the entire series. The Treasury was forced to buy this incredible amount of silver, all of which was flowing out of the Comstock Lode in Nevada, because of a group of silver mine owners who had formed a lobbying group. The VAM book boosted the values of Morgan dollars into the big time. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. Multi-thousand 1895 Morgan Silver Dollar Value Top condition 1895 Morgan silver dollars are highly sought by collectors. 1895-S Morgan Silver Dollar - KEY DATE We acquire coins from a variety of sources with some being graded before we get them and some we send out to grading service companies after we receive them. Regrettably, most entered circulation at the time and quickly developed wear. The 1895-S Morgan Dollar (Buy on eBay) is one of the lower mintage issues of the series with just 400,000 pieces struck at the San Francisco Mint.The low mintage results in a premium across all grade levels from circulated to gem. Type: Morgan Silver Dollar Year: 1895 Mint Mark: S Face Value: 1.00 USD Total Produced: 400,000 [ Silver Content: 90% Silver Weight:.7735 oz. 1895 O Morgan Dollar: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. 1895 Proof Morgan Silver Dollar pictures, mintage, facts, and information. Although the Morgan Dollar wasn't very popular when it first came out, we know today that it is one of the most popular coin types in the entire U.S. coinage series. There were still plenty of Morgans to go around since they only circulated in a few small areas. It is quite reasonable to expect a minimum outlay of $500 to $800 for any example of an 1895 Morgan Dollar. Only a few hundred Proof 1895 Morgan Silver Dollar exist today, although US Mint records indicate 12,000 business strike dollars were produced. 1896 Morgan Silver Dollar Value Pushed higher by bullion prices your 1896 Morgan silver dollar value is a minimum of . 1895 O MORGAN SILVER DOLLAR XF+ DETAILS NEW ORLEANS MINT COIN - 450,000 MINTED While neither branch mint 1895 Morgan Dollar is nearly as rare as the 1895 Philadelphia Morgan Dollars, you will still have to overcome some hurdles while you are looking to add those pieces to your collection. The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. A copy of a rare coin is generally only worth its metal value. With the passage of the Bland-Allison Act in 1878, the United States government was required to buy between two and four million ounces worth of silver every month, and convert it into silver dollars. By 1980, as the supplies dwindled, the public finally became interested in collecting the beautiful Morgan Dollar. Minted only in proof, the 1895 dollar is a rare coin indeed, and one that often ever really shows up in big auctions or at major coin dealer firms. Like most other coins struck at San Francisco, many 1895-S Morgan dollars entered circulation. Direct pressure from the silver mining industry, particularly the western states, led to the creation of the Morgan Dollar. New Orleans was the only other functioning U.S. Mint, and it only produced 450,000 Morgan silver dollars in 1895. By using The Spruce Crafts, you accept our, Morgan Silver Dollar Specifications and Details. The Treasury had about 2.9 million Morgans left in 1964, mostly scarce Carson City specimens, which the GSA put up for public sale via mail-bid auctions starting in 1972. 46. The Redfield hoard got a lot of publicity, and as the U.S. population had become a lot more familiar with the value of silver coins in the years following the change from silver coinage to clad coinage. Coins that were previously valued based on a given year's known mintage of a certain number of specimens now had sub-categories of specimens for that year based on die varieties. The Treasury had to do something with all this silver, so it had the Mint produce the Liberty Head, or Morgan, silver dollars. Out of all the different dates and mintmark combinations, the 1895 no mint mark is the rarest of them all. It is quite reasonable to expect a minimum outlay of $500 to $800 for any example of an 1895 Morgan Dollar. $63.46 $ 63. The publication of the "Comprehensive Catalog and Encyclopedia of Peace and Morgan Silver Dollars" by Leroy Van Allen and George Mallis, also known as the VAM book, also spurred significant collector interest in Morgan silver dollars. 1895 Morgan Silver Dollar As far as US coins are concerned, few are more popular than the Morgan Silver Dollar, which was first minted in the late 1800s. This is simply because the United States Mint made almost a billion Morgan silver dollars between 1878 and 1921. The New Orleans Mint used an "O" and the San Francisco Mint an "S”. So, as a starting point, if you’re noticing a wide variety of Morgans in this date range with the New Orleans Mint “O” mint mark, that should be your first clue that a forgery could be for sale. The ones that were released into circulation at the time of their striking quickly acquired the look of an AU coin due to poor strikes and luster. New Orleans Mint Morgan Silver Dollar coins from the 1890s are semi-key date pieces, meaning they are relatively hard to come by in the greater series of Morgan Silver Dollars. Type: Morgan Silver Dollar Year: 1895 Mint Mark: No mint mark Face Value: 1.00 USD Total Produced: 880 [ Silver Content: 90% Silver Weight:.7735 oz. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $28786, while one in certified mint state (MS+) condition could bring as much as $70,000 at auction. The Spruce Crafts uses cookies to provide you with a great user experience. The 1895 is a major hurdle for Morgan Dollar collectors seeking a complete set, which explains its high value. It owes this title to the fact that not a single business-strike 1895-P Morgan dollar is known. Sometime around 1960, certain coin dealers became aware that the Treasury Department was swapping Morgan Dollars that were more than 80 years old, on a dollar for dollar basis, in exchange for silver certificates. 1895 Morgan Silver Dollar Mintage Figures. Susan is an avid coin collector of over 30 years, and has written 150 articles for The Spruce. Buy & Sell This Coin. The 1895-O Morgan dollar is known for its bad strikes. Which theory is correct, we will never know. Combine wear with the normal bumps and nicks of use and a … $25.81 .Additionally, of higher value to … Key Dates, Rarities, and Varieties The Morgan silver dollars listed below are worth considerably more than common Morgan silver dollars in … The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. As late as the 1950s, it was possible to find an 1895-S in your silver dollars at Las Vegas casinos. Numismatic scholars do not agree with each other on how or why the 12,000 circulation strike specimens of the 1895 Morgan silver dollar have vanished. Unlike Silver Dollars of the past, the Morgan Silver Dollar boasted a design that was intricate in its detail and had imagery that captivated the American public. Before You Invest in Morgan Dollars, Consider These Points, What You Need to Know About Bicentennial Quarters, How to Collect Kennedy Half Dollars Coins, Eisenhower Dollar (Ike Dollars) Specifications and Details. The real feeding frenzy came when an amazing hoard of more than 400,000 Morgans was found in the basement of Nevada miser LaVere Redfield after his death in 1975. No Morgan dollars at all were struck at the main U.S. Mint in Philadelphia, and only 400,000 were made at the San Francisco Mint. Q. David Bowers : The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993) Although the Philadelphia Mint reported the production of 12,000 mint state dollars in 1895, none have ever surfaced. Tens of millions of Morgans were bought at face value until 1964 when the Treasury shut down the silver certificate exchange program. Some believe that the coins were minted, but as the Treasury Department melted hundreds of millions of coins throughout the years, some believe that the 12,000 unaccounted-for 1895 coins were melted. The main mint in Philadelphia did not use a mintmark. Therefore, mint employees revived the Morgan silver dollar design that was used for part of the year until the Peace silver dollar dies were ready for production. 1895 O MORGAN SILVER DOLLAR HI GRADE GENUINE U.S. MINT RARE KEY COIN 3679 It’s prudent that any 1895 Morgan Dollar you buy should be in a slab with a recognizable third-party logo. For the scarce 1895 Philadelphia Morgan Dollars that still exist, they most often only come up as auction pieces, though a few will appear in the hands of established coin dealers. According to U.S. Mint records, there were 12,000 circulation strike Morgan silver dollars struck for 1895, and 880 Proof specimens struck. She is a member of the American Numismatic Association. Many of the dealers were just after the silver bullion at lower-than-market cost, but others realized the potential collector value of these 60 to 80-year-old mint state silver dollars. Buy & Sell This Coin. The 1895 Proof Morgan dollar is considered the "King of Morgans" by many. The image below illustrates the Morgan Silver Dollar Mintage figures for each year and mintmark combination for the Morgan Dollar series. Millions of Morgan silver dollars sat in government vaults for many decades, languishing in obscurity. When it first came out, it was an unpopular coin frequently derided as the "Buzzard Dollar" because of the shape of the eagle's head and its scrawny appearance. Interestingly, the only version of the Philadelphia issue known to exist is a proof; there are no indicated business strikes. Silver Melt: $19.65 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $634, while one in certified mint state (MS+) condition could bring as much as $18,000 at auction. The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. Are you concerned the precious metals train has left the station without you? Some of the Proof specimens have been circulated, usually by accident because the Mint didn't always package them so nicely as they do today, but no business strike example of the 1895 Morgan Silver Dollar has ever been found. The Morgan silver dollar is perhaps still the most popular of all American 90% silver coins scarcely available today. Free Shipping by Amazon. This book lists all of the known die varieties of the Morgan dollar series and spurred collectors to examine their coins more closely for detail. The Morgan Dollar is so-called because George T. Morgan designed it. This page also shows coins listed for sale so you can buy and sell. In February of 1878, a law called the Bland-Allison Act was passed by Congress requiring the Treasury to buy between two and four million troy ounces of silver per month. After 130 years of being minted, the Morgan Silver Dollar is still among the most popular coins sold in the country and is also advised as a smart investment, due to its low mintage averages and 90% silver content. 2020 (P) American Silver Eagles: A New Modern Rarity, 1895 Proof (no circulation strikes are known to exist): 880; $35,000+. Led by Congressman Richard "Silver Dick" Bland, the silver lobby was able to influence the legislation that made the U.S. Treasury its biggest customer. If your goal is a complete date-and-mintmark set of Morgan Dollars, the 1895 Philadelphia piece will present a significant challenge. Only 450,000 were struck, of which many were likely melted. The 1895 Morgan Silver Dollar ranges in value from about $21,000 in Very Good-8 up to about $40,000 for uncirculated coins. These sub-categories were naturally more scarce than just any coin from that year, so collectors who might previously have been satisfied with one specimen from each year and mint now had to have several from each year to complete the "set.". It is worth noting that the mintage of the 1895 Proof Morgan Dollar was not particularly low when compared to the mintages of other Proof Morgan Dollars struck by the Philadelphia Mint. Many collectors consider the 1895-S Morgan dollar a … 1-16 of 191 results for "1895 morgan silver dollar" Skip to main search results Eligible for Free Shipping. However, research has accounted for 750 to 800 of the 1895 Morgans, all of them, Proofs. Since no circulation strikes are known to exist for the 1895 Morgan Dollar, proof examples are extremely expensive. Given that there are no business strike specimens known to exist, a Proof specimen will have to be obtained to complete your collection of Morgan silver dollars. The proper numismatic term for the coin type is the "Liberty Head" silver dollar. Value of 1895 Morgan Silver Dollar. The finest 1895-O Dollar is a single PCGS MS-67, the phenomenal coin once owned by Silver Dollar specialists Wayne Miller and Jack Lee, and which realized $575,000 way back in 2005. If your goal is a complete date-and-mintmark set of Morgan Dollars, the 1895 Philadelphia piece will present a significant challenge. Another theory proposes that the coins were lost at sea in a shipwreck. 4.0 out of 5 stars 7. The 1895 Morgan dollar is well known as one of the series’ premier rarities. If you ever have a question about the grading of a coin, please contact the grading service company with the serial number of the coin in this listing for more details. The Value of An 1895-S Morgan Dollar. This page also shows coins listed for sale so you can buy and sell. Value of 1895-O Morgan Silver Dollar. All ... Pre-1921 Morgan Silver Dollar Gem Brilliant Uncirculated (BU) Condition (1878-1904) Set Uncirculated. But we do know that this is the rarest of all Morgan dollars. What Are VAM Morgan and Peace Silver Dollar Die Varieties? What baffles the experts is, where did 12,000 plus coins go? The Morgan Silver Dollar has a fineness of .900, and weighs a total silver content of 0.77344 troy ounces per coin. 1895-O Morgan Silver Dollar pictures, mintage, facts, and information. I bought some high quality Morgan Reproductions on eBay that could easily fool an unsuspecting buyer. 1895 Morgan Dollar values and facts of the coin that should exist but doesn't. The highest price ever paid for a Proof 1895 Morgan silver dollar was $269,500 in June 2020 at David Lawrence RC Internet Auction #1123 for a coin that is graded PCGS Proof 67+ DCAM. The 1895 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. With regard to the 1895 silver dollar, it is estimated that approximately half of the original mintage has survived, resulting in an enduring rarity for collectors. As for the New Orleans and San Francisco issues, expect a hide-and-seek game when it comes to tracking down either of the two branch mint pieces from 1895. This 1895 Morgan dollar forgery is a simple case of just too much silver and not enough effort on the details. The Morgan Silver Dollar Coin name is in homage to their designer, George T. Morgan. Most scholars believe that the Mint never produced the coins in the first place and that this notation in the Mint accounting ledgers is an error. The 1895 Morgan silver dollar is known as the "King of the Morgan Dollars" because it is the rarest and one of the most valuable coins in the entire Morgan Dollar series. The coin was also derisively called a "cartwheel" for its large size and weight. 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Pictures, mintage, facts, and information scarcely available today 1895 morgan silver dollar rarest... In obscurity 1895 no Mint mark is the rarest of them all Liberty Head silver! Set Uncirculated by using the Spruce perhaps still the most popular of all Morgan dollars into big... Its metal value of all Morgan dollars, the 1895 Morgan Dollar seeking... Of them all was also derisively called a `` cartwheel '' for its size... Produced in three mints: New Orleans was the only other functioning U.S. Mint records, were!, particularly the western states, led to the fact that not a single business-strike 1895-P Dollar! 1895-S in your silver dollars sat in government vaults for many decades, languishing in obscurity 450,000 Morgan Dollar. Three mints: New Orleans was the only version of the Philadelphia issue known exist... Were likely melted them, Proofs finally became interested in collecting the beautiful Dollar... 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