The 1892 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1892 Silver Dollar

Specifications

Type: Morgan Silver Dollar
Year: 1892
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $13.09

The US minted the 1892 silver dollar with no mint mark and also the 1892 CC silver dollar, 1892 O silver dollar, and 1892 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.

Series Location Quantity Minted
1892 Philadelphia 1,036,000
1892 CC Carson City 1,352,000
1892 O New Orleans 2,744,000
1892 S San Francisco 1,200,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $13.09 as of November 19, 2019. This melt value is calculated from the current silver spot price of $16.93 per ounce.

The 1892 silver dollar with no mint mark is worth around $45 in very fine condition. In extremely fine condition the value is around $55. In uncirculated condition the price is around $320 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $3,200.

The 1892 CC silver dollar is worth around $250 in very fine condition. In extremely fine condition the value is around $450. In uncirculated condition the price is around $1,400 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $6,000.

The 1892 O silver dollar is worth around $35 in very fine condition. In extremely fine condition the value is around $42. In uncirculated condition the price is around $275 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $3,250.

The 1892 S silver dollar is worth around $125 in very fine condition. In extremely fine condition the value is around $275. In uncirculated condition the price is around $41,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $225,000.

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were 1,245 proof coins minted.

Grading System

Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.

Extremely fine- Liberty's hair lines and ear look strong.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.

PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.

 

Sources:

The Red Book


See also:

1893 Silver Dollar
1891 Silver Dollar
1890 Silver Dollar