The 1893 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1893 Silver Dollar

Specifications

Type: Morgan Silver Dollar
Year: 1893
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $13.03

The US minted the 1893 silver dollar with no mint mark and also the 1893 CC silver dollar, 1893 O silver dollar, and 1893 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
1893 Philadelphia 378,000
1893 CC Carson City 677,000
1893 O New Orleans 300,000
1893 S San Francisco 100,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $13.03 as of November 11, 2019. This melt value is calculated from the current silver spot price of $16.85 per ounce.

The 1893 silver dollar with no mint mark is worth around $225 in very fine condition. In extremely fine condition the value is around $250. In uncirculated condition the price is around $875 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $4,300.

The 1893 CC silver dollar is worth around $625 in very fine condition. In extremely fine condition the value is around $1,350. In uncirculated condition the price is around $4,900 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $85,000.

The 1893 O silver dollar is worth around $300 in very fine condition. In extremely fine condition the value is around $475. In uncirculated condition the price is around $3,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $175,000.

The 1893 S silver dollar is the most rare and valuable series. This coin is worth around $5,200 in very fine condition. In extremely fine condition the value is around $8,500. In uncirculated condition the price is around $145,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $600,000.

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 792 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:

1894 Silver Dollar
1892 Silver Dollar
1891 Silver Dollar