6 Rare Morgan Silver Dollars Every Collector Should Know

6 Rare Morgan Silver Dollars Every Collector Should Know – The Morgan Silver Dollar, introduced in 1878 and named after its designer George T. Morgan, is one of the most iconic coins in American history. Struck from 90% silver and 10% copper, these large, beautifully designed coins have captivated collectors for generations. While many Morgans are relatively common, certain rare specimens stand out as true treasures—worth thousands or even millions of dollars due to their scarcity, historical significance, or minting errors.

In this article, we’ll explore 6 rare Morgan Silver Dollars that every collector should know , uncovering their fascinating stories and astronomical values.

The 6 Rare Morgan Silver Dollars Every Collector Should Know

1. 1889-CC Morgan Silver Dollar

The 1889-CC Morgan Silver Dollar is a cornerstone of any serious collection. Struck at the Carson City Mint, this coin had a low mintage of just 350,000 pieces, and many were melted down under the Pittman Act of 1918. Survivors are exceedingly rare, especially in high grades.

An example graded MS-66 sold for $1 million at auction in 2022. Its combination of rarity and pristine condition ensures its status as a numismatic legend.

Also Read: 8 Rare Dimes And Bicentennial Quarters Valued At Million

2. 1893-S Morgan Silver Dollar

The 1893-S Morgan Silver Dollar holds the distinction of being the lowest-mintage business strike Morgan ever produced, with only 100,000 coins minted. Most were heavily circulated, leaving few in uncirculated condition.

A gem-quality example graded MS-65 fetched $850,000 in 2021. Its extreme scarcity and historical importance make it a must-have for collectors.

3. 1895 Proof Morgan Silver Dollar

Often referred to as the “King of Morgans,” the 1895 Proof Morgan Silver Dollar is one of the rarest and most valuable coins in the series. No business strikes were made this year, leaving only 880 proof examples, all struck at the Philadelphia Mint.

A PR-68 example sold for $1.2 million in 2023. Its unparalleled beauty and limited availability cement its place as the crown jewel of Morgan collections.

4. 1903-O Morgan Silver Dollar

For decades, the 1903-O Morgan Silver Dollar was considered one of the rarest Morgans due to its low survival rate. Many assumed most had been melted down, but discoveries in the 1960s revealed a small hoard of uncirculated coins. Despite this, high-grade examples remain scarce.

An MS-65 specimen brought in $750,000 at auction in 2022. Its storied past and stunning luster continue to fascinate collectors.

5. 1884-S Morgan Silver Dollar

The 1884-S Morgan Silver Dollar is another key date in the series, with a mintage of just over 1 million pieces. Many were melted down, leaving fewer survivors than expected. High-grade examples are particularly elusive.

An MS-67 example sold for $900,000 in 2023. Its exceptional condition and rarity make it a standout piece.

6. 1878-CC Reverse of 1879 Morgan Silver Dollar

The 1878-CC Reverse of 1879 Morgan Silver Dollar is a fascinating variety that highlights the early experimentation of the U.S. Mint. This coin features the reverse design intended for the 1879 issue but mistakenly used on some 1878 Carson City Morgans.

An MS-64 example fetched $500,000 at auction in 2021. Its unique design flaw and historical curiosity ensure its desirability among collectors.

Also Read: Top 7 Rare Nickels Worth $1 Million Each – Valuable Collectibles

What Makes These Coins So Valuable?

Several factors contribute to the staggering prices commanded by these rare Morgan Silver Dollars:

• Low Mintage Numbers : Limited production runs create fierce competition among collectors.
• Survival Rates : Melting programs like the Pittman Act drastically reduced the number of surviving coins.
• Condition : Coins in pristine, high-grade condition are exponentially more valuable than worn or damaged ones.
• Varieties and Errors : Unique anomalies, such as the 1878-CC Reverse of 1879, add depth and intrigue to the series.
• Historical Context : Each coin represents a snapshot of America’s economic and cultural history, adding intrinsic value.

The 6 rare Morgan Silver Dollars highlighted here represent the pinnacle of American numismatics. From the legendary 1895 Proof Morgan to the enigmatic 1878-CC Reverse of 1879 , each coin tells a story that transcends its metallic form. Collectors prize these coins not only for their monetary value but also for their historical significance and artistic beauty.