1895-O Morgan Silver Dollar Value
Mintage: 450,000
Finest Known: MS66 (NGC) MS67 (PCGS)
Auction Record: $575,000 (MS67)
1895 Morgan dollars from any Mint are hard to find, especially in perfect condition. No Morgan dollars at all were struck at the main U.S. Mint in Philadelphia, and only 400,000 were made at the San Francisco Mint. New Orleans was the only other functioning U.S. Mint, and it only produced 450,000 Morgan silver dollars in 1895.
The 1895-O Morgan dollar is known for its bad strikes. The dies were run until they were completely worn out, This means that even the nicest 1895-O Morgan dollars lack much of their finer detail.
The Value of An 1895-O Morgan Dollar
A very low mintage and careless production make the 1895-O Morgan dollar very rare in uncirculated grades. Even fresh off the press, the coins looked like they'd been lightly worn. Circulated samples are scarce, but not especially unusual. However, uncirculated 1895-O Morgan dollars are extremely rare, making it one of the most expensive New Orleans Morgan dollars.
Grading Morgan Dollars
The guidelines below will apply to all Morgan dollars, not just the 1895-O.
The value of your Morgan dollar naturally depends on its condition. Judging a coin's condition is called "grading." While the price increase between circulated grades is usually not especially steep, a one step higher grade in Mint State can make a huge difference in value.
THE HIGH POINTS WHERE SIGNS OF WEAR FIRST APPEAR ON MORGAN DOLLARS:
1. Top of cheek
2. Brow
3. Hairline
4. Hair over ear
5. Curls over date
6. Top of cap
7. Eagle's breast
8. Eagle's legs
9. Eagle's head
10. Right wingtip
PRIME FOCAL AREAS ON MORGAN DOLLARS
1. Face and neck of Liberty
2. The field in front of Liberty's face
3. Body and wings of eagle
4. Fields to sides of wings and above the eagle's head
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