Most Valuable Morgan Silver Dollars: Rarest Dates, Value Chart and Collector Tips for 2025
Morgan Silver Dollars are some of the most iconic and collected coins in American history. Minted from 1878 to 1904, and once more in 1921, they feature stunning artistry, high silver content, and historical significance. While many are common, a handful of rare Morgan silver dollars can command five or even six figures at auction.
In this in-depth 2025 guide, you’ll discover:
- The rarest and most valuable Morgan dollars
- What affects their price and grade
- A full Morgan silver dollar value chart
- Tips on how to build a smart collection
Top 5 Most Valuable Morgan Silver Dollars (2025 Value Guide)
| Date | Mint Mark | Key Features | XF–AU Value | MS-60+ Value |
|---|---|---|---|---|
| 1893-S | S | Lowest mintage in series; extremely scarce in MS | $3,500 – $5,000 | $60,000 – $350,000+ |
| 1895 | Proof Only | “King of Morgans”; only 880 known Proofs | — | $45,000 – $100,000+ |
| 1889-CC | CC | Carson City rarity with strong collector demand | $800 – $1,500 | $20,000 – $100,000+ |
| 1892-S | S | Rare in Mint State due to heavy circulation | $400 – $800 | $7,500 – $60,000 |
| 1884-S | S | Common in lower grades, rare and expensive in MS-65+ | $150 – $250 | $25,000 – $125,000+ |
What Are Morgan Silver Dollars?
Named after designer George T. Morgan, these coins feature Lady Liberty on the obverse and a bald eagle on the reverse. They were struck at several U.S. Mint locations:
- Philadelphia (no mint mark)
- Carson City (CC)
- San Francisco (S)
- New Orleans (O)
- Denver (D – only in 1921)
Each coin contains 0.7734 troy ounces of silver and weighs 26.73 grams.
Morgan Dollars are prized for their:
- Historical importance
- Intricate design
- Silver content
- Collectibility by date and mint mark
What Determines the Value of a Morgan Silver Dollar?
Rarity
Low-mintage years and certain mint marks, especially Carson City (CC), increase scarcity and demand.
Condition and Grade
Coins in Mint State (MS-60 or higher) are exponentially more valuable. Grading from PCGS or NGC adds credibility and increases buyer confidence.
Eye Appeal
Strong luster, beautiful toning, and clean surfaces boost value. Coins with positive designations like PL (Prooflike) or DMPL (Deep Mirror Prooflike) bring premiums.
Silver Price
While most Morgans trade far above melt value, the spot price of silver can still impact low-grade common dates.
Market Trends
Demand can surge for certain dates, especially when promoted by influencers, auction houses, or discovered in hoards.
The 5 Most Valuable Morgan Silver Dollars
1893-S Morgan Dollar
- Mintage: 100,000 (lowest of the series)
- Why it’s rare: Most were circulated or melted
- Value Range:
- G–VG: $3,500 – $5,000
- MS-60+: $60,000 – $350,000+
The undisputed king of business strike Morgan Dollars.
1895 Morgan Dollar (Proof Only)
- Mintage: 880 known Proofs
- Why it’s rare: No business strikes exist
- Value Range:
- PR-63: $45,000+
- PR-65: $100,000+
Often called “The King of the Morgans.”
1889-CC Morgan Dollar
- Mintage: 350,000
- Why it’s rare: Scarce in Mint State and has strong collector demand
- Value Range:
- Fine: $800+
- MS-63: $20,000 – $100,000+
A staple of any Carson City-focused collection.
1892-S Morgan Dollar
- Mintage: 1.2 million
- Why it’s rare: Almost all were circulated
- Value Range:
- VF: $400 – $800
- MS-60+: $7,500 – $60,000+
Undervalued and scarce in Mint State.
1884-S Morgan Dollar
- Mintage: 3.2 million
- Why it’s rare: High mintage but very few high-grade survivors
- Value Range:
- XF: $150 – $250
- MS-65: $25,000 – $125,000+
A sleeper key date that commands top dollar in Mint State.
Morgan Silver Dollar Value Chart (2025)
| Date / Mint | XF to AU Value | MS-60+ Value |
|---|---|---|
| 1878-CC | $85 – $250 | $500 – $1,800+ |
| 1889-CC | $800 – $1,500 | $20,000 – $100,000+ |
| 1892-S | $400 – $800 | $7,500 – $60,000 |
| 1893-S | $3,500 – $5,000 | $60,000 – $350,000 |
| 1895 (Proof) | — | $45,000 – $100,000+ |
| 1884-S | $150 – $250 | $25,000 – $125,000+ |
Values are estimates based on early 2025 auction data and market activity. Always verify with a professional appraiser or recent sales.
Best Morgan Silver Dollars to Collect
Affordable Semi-Key Dates
- 1903-O, 1898-S, 1881-S
- Look for AU to MS-63 coins with strong luster
Carson City Series
- Start building a CC set: from 1878-CC through 1893-CC
- Carson City coins hold long-term collector appeal
High-Grade Common Dates
- Target coins like 1880-S or 1881-S in MS-65 or higher
- Some display beautiful frosted devices and clean fields
Full Date and Mint Set
- The ultimate collector challenge
- Includes 96 coins if you exclude varieties
2025 Market Trends for Morgan Silver Dollars
- Increased demand for CAC-approved coins with eye appeal
- Social media and YouTube influencers spotlighting Morgan series
- Auction records continue to be broken for top-condition pieces
- Silver volatility brings new buyers into the space
Whether you’re buying for fun, investment, or legacy, Morgan Silver Dollars remain a solid long-term collectible.
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GoldSilverStacks Take on Morgan Silver Dollars
Morgan Silver Dollars combine rich history, true scarcity, and real silver value. The most valuable Morgan dollars, such as the 1893-S or 1895 Proof, command elite prices — but there are rewarding opportunities for collectors at every level.
Focus on:
- Rarity and condition
- Buying from trusted dealers or certified auctions
- Setting realistic goals for your collection
Whether you’re a beginner stacking common dates or an advanced investor targeting key rarities, Morgans offer lasting satisfaction and potential growth.
