The 1895 Morgan Silver Dollar is one of the most famous and sought-after coins in American numismatics. Here are some key details about this coin:
Key Facts
Designer: George T. Morgan
Minted: 1878-1904, 1921
Composition: 90% Silver, 10% Copper
Diameter: 38.1 mm
Weight: 26.73 grams
1895 Morgan Dollar Specifics
Mint Marks: No mint mark (Philadelphia), “O” (New Orleans), “S” (San Francisco)
Total Mintage:
Philadelphia: 12,000 (Proof coins only)
New Orleans: 450,000
San Francisco: 400,000
Notable Points
Philadelphia Mint: The 1895 Morgan Dollar from the Philadelphia Mint is the most famous because only Proof coins were struck, and the original mintage was just 12,000. This version is highly sought after by collectors, often referred to as the “King of the Morgan Dollars.”
Survival Rate: The survival rate of the 1895 Philadelphia coin is low. Today, it is estimated that only a few hundred exist in varying conditions.
Other Mints: The 1895-O and 1895-S Morgan Dollars are less rare but still valuable, especially in higher grades.
Value
1895 (Philadelphia): Can range from tens of thousands to over $100,000 depending on the condition and whether it has been certified by a grading service.
1895-O and 1895-S: Generally range from a few hundred to several thousand dollars based on the condition.
Collecting Tips
Authentication: Due to its value, the 1895 Morgan Dollar is often counterfeited. It is essential to have the coin authenticated by a reputable grading service like PCGS or NGC.
Condition: Coins in higher grades (MS-60 and above) are significantly more valuable. Proof coins from Philadelphia should be especially pristine to fetch top dollar.
Provenance: Documentation of the coin’s history and previous ownership can add to its value.
The 1895 Morgan Dollar, especially the Proof version from the Philadelphia Mint, is a cornerstone for serious coin collectors. Its rarity and historical significance make it a prized possession. Collectors should exercise due diligence in verifying authenticity and condition to ensure they are getting a genuine coin.
