The 1902 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.

1902 Silver Dollar

Specifications

Type: Morgan Silver Dollar
Year: 1902
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 1902 silver dollar with no mint mark and also the 1902 O silver dollar and 1902 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
1902 Philadelphia 7,994,000
1902 O New Orleans 8,636,000
1902 S San Francisco 1,530,000

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 1902 silver dollar with no mint mark is worth around $43 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $55 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $350.

The 1902 O silver dollar is worth around $40 in very fine condition. In extremely fine condition the value is around $43. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $160.

The 1902 S silver dollar is worth around $140 in very fine condition. In extremely fine condition the value is around $190. In uncirculated condition the price is around $380 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,900.

Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 777 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:

1903 Silver Dollar
1901 Silver Dollar
1900 Silver Dollar