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. 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. It’s prudent that any 1895 Morgan Dollar you buy should be in a slab with a recognizable third-party logo. Are you concerned the precious metals train has left the station without you? 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. The main mint in Philadelphia did not use a mintmark. Susan is an avid coin collector of over 30 years, and has written 150 articles for The Spruce. 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. 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. 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. Get DIY project ideas and easy-to-follow crafts to help you spruce up your space. 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) The 1895 Proof Morgan dollar is considered the "King of Morgans" by many. The proper numismatic term for the coin type is the "Liberty Head" silver dollar. The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. 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. 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 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. Buy & Sell This Coin. Many collectors consider the 1895-S Morgan dollar a … Direct pressure from the silver mining industry, particularly the western states, led to the creation of the Morgan Dollar. The image below illustrates the Morgan Silver Dollar Mintage figures for each year and mintmark combination for the Morgan Dollar series. 1896 Morgan Silver Dollar Value Pushed higher by bullion prices your 1896 Morgan silver dollar value is a minimum of . The 1895 Morgan Silver Dollar fills Morgan Dollar year set collectors on a shoestring budget with dread. According to U.S. Mint records, there were 12,000 circulation strike Morgan silver dollars struck for 1895, and 880 Proof specimens struck. Since no circulation strikes are known to exist for the 1895 Morgan Dollar, proof examples are extremely expensive. 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. The coin was also derisively called a "cartwheel" for its large size and weight. The New Orleans Mint used an "O" and the San Francisco Mint an "S”. 1895 S Morgan Dollar: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. Regrettably, most entered circulation at the time and quickly developed wear. 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. This page also shows coins listed for sale so you can buy and sell. Like most other coins struck at San Francisco, many 1895-S Morgan dollars entered circulation. 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. The Morgan silver dollar is perhaps still the most popular of all American 90% silver coins scarcely available today. A copy of a rare coin is generally only worth its metal value. What Are VAM Morgan and Peace Silver Dollar Die Varieties? The 1895 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. 1895 O Morgan Dollar: Coin Value Prices, Price Chart, Coin Photos, Mintage Figures, Coin Melt Value, Metal Composition, Mint Mark Location, Statistics & Facts. The Morgan Silver Dollar has a fineness of .900, and weighs a total silver content of 0.77344 troy ounces per coin. 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. 46. The 1895 Morgan dollar is well known as one of the series’ premier rarities. Value of 1895-O Morgan Silver Dollar. 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. The 1895 is a major hurdle for Morgan Dollar collectors seeking a complete set, which explains its high value. $25.81 .Additionally, of higher value to … Free Shipping by Amazon. 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. 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. 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. 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. 1895-O Morgan Silver Dollar pictures, mintage, facts, and information. The VAM book boosted the values of Morgan dollars into the big time. But we do know that this is the rarest of all Morgan dollars. It is quite reasonable to expect a minimum outlay of $500 to $800 for any example of an 1895 Morgan Dollar. This page also shows coins listed for sale so you can buy and sell. 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. 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-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. 1895 Morgan Silver Dollar Mintage Figures. By 1980, as the supplies dwindled, the public finally became interested in collecting the beautiful Morgan Dollar. 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