The 1892 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
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: $24.13
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 $24.13. This melt value is calculated from the current silver spot price of $31.20 per ounce.
The 1892 silver dollar with no mint mark is worth around $55 in very fine condition. In extremely fine condition the value is around $100. In uncirculated condition the price is around $550 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $3,000.
The 1892 CC silver dollar is worth around $450 in very fine condition. In extremely fine condition the value is around $850. In uncirculated condition the price is around $1,800 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $7,250.
The 1892 O silver dollar is worth around $50 in very fine condition. In extremely fine condition the value is around $95. In uncirculated condition the price is around $500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $3,000.
The 1892 S silver dollar is worth around $190 in very fine condition. In extremely fine condition the value is around $625. In uncirculated condition the price is around $55,000 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 $3,750 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: