The 1890 silver dollar has a value that ranges from $24 to $2,300 The quality and rarity of a Morgan silver coin affect its worth. Uncirculated 1890 CC Morgan dollars have gone for as much as $58,750. As the 1890 silver dollar was used for commerce, it might have some blemishes, which could affect its value. With more wear, the value of the 1890 silver dollar drops, whereas, with less wear, the value rises.
Coin collecting is a great hobby. It allows you to appreciate history through the world’s most valuable currency. It’s not only an entertaining and educational hobby, but also profitable as you can make money by selling your coins at auction or online.
One of the best things about coin collecting is that it can be done on a budget. You don’t need to buy expensive gold coins or rare foreign currency. Instead, you can start with common coins like quarters and nickels. Plus, as interest in gold and silver grows, so do the prices for these metals. And because coins are tangible physical objects, their value tends to rise over time as well. That means, over time, you can build up a collection that will be worth thousands of dollars!
The “Morgan silver dollar” is one of the most popular coins ever issued by the United States Mint. Because of its unique design, it is one of the favourite coins that collectors collect.
In this article we will determine the 1890 Morgan silver dollar’s history, value, and many other interesting details.
The History of Morgan Silver Dollars
From 1878 to 1904, with one reissue in 1921, the Morgan Dollar was produced at five United States Mints: Carson City, Philadelphia, San Francisco, New Orleans, and Denver. It rapidly became popular because of its high silver content and high value compared to other coins.
Designer behind unique coin
Morgan Dollars are named after their designer, George T. Morgan.
The United States Mint’s director at the time, Henry Linderman, realised how urgently the nation needed a new silver dollar coin. Before being hired as an engraver for the Philadelphia branch of the United States Mint, Morgan worked as an engraver in London.
In 1877, Morgan selected Philadelphia schoolteacher Anna Williams as a model for one of his Half Dollar patterns because her Greek profile was nearly perfect. He increased the size of this pattern to that of the silver dollar in 1878, and it was this pattern that was ultimately used for the silver dollar. The Morgan dollar was the coin’s new name.
Morgan Silver Dollar’s Rarity
For decades, assembling a complete set of Morgan Silver Dollars has been one of collectors’ most sought goals. As a result of the Pittman Act, many of the rarer branch mint and year-date issues were destroyed. Although the exact number of Morgan Silver Dollars is unknown, collectors around the world definitely desire to complete their collection of these rare coins.
Even though the Morgan is no longer produced, it still remains popular among collectors worldwide. Unfortunately, as time passes and the number of these coins decreases, collectors will find it increasingly difficult to obtain these coins.
Characteristics of the 1890 Silver Dollar
The diameter of the 1890 silver dollar is 1.5 inches. The American quarter, by comparison, is less than an inch in diameter.
The silver content is the important factor to note. It will stand out among your other metal coins. Did you know that quarters and nickels look like silver, yet they are made of nickel and copper?
The face value of your 1890 silver dollar is another distinguishing aspect. The inscription “One Dollar” appears at the bottom of the coin, below the American Bald Eagle.
To determine whether your coin is an 1890 Silver Dollar or another year, look below Lady Liberty’s neck on the obverse side; the year of minting will be inscribed there.
The Value of an 1890 Morgan Silver Dollar
The value of the 1890 silver dollar ranges from as low as $17 to as much as $2,000. In a nutshell, the value of a Morgan silver coin is determined by its quality and rarity.
The Importance of the Mintmark While Determining 1890 Value
The mintmark is significant because different mints in 1890 produced different numbers of coins, making certain 1890 Silver Dollars rarer than others.
The CC mint mark is a distinguishing feature of the most expensive 1890 Silver Dollar since the Carson City Mint only manufactured 2,309,041 silver dollars in total. With these low minting numbers, it would be understandable why people would want to buy this coin. According to PCGS, 1890 CC Morgan dollars have sold for as high as $32,900 in an uncirculated form and as little as $600 in nearly uncirculated condition.
The second rarest coin of 1890, just 8,230,373 silver dollars, was struck by the San Francisco Mint. 10,701,100 silver dollars were manufactured at the New Orleans Mint, whereas 16,802,000 silver dollars were made by the Philadelphia Mint.
Factors influencing the value
The important note to keep in mind is that the price of silver can have a significant impact on the value of an 1890 silver dollar. The Morgan silver dollar from 1890 is made up of 90% silver and 10% copper. This coin measures 38 mm in diameter and weighs 26.73 grams. As a result, each coin contains around 0.77344 ounces of pure silver.
It should come as no surprise that the value of coins older than 100 years would be heavily influenced by their condition. The 1890 Silver Dollar was used in commerce, so there may be a few blemishes on these coins.
The rule is simple: the value decreases with greater wear, while the value increases with less wear.
Coin grading is a means of determining the condition or quality of a coin. Coin grading allows for the evaluation of coins based on their condition, which can range from very fine to worn, or even uncirculated. Coins that have been graded professionally are given the grade assigned by a third party that has expertise in coin grading, such as a numismatic expert. This grade will indicate the condition of the coin in question, as well as its value when compared to other coins of similar quality.
Grading systems differ, but here’s one example from least valued to most valuable:
The most valuable 1890 silver dollars
Here is the chart of the most valuable silver dollars in the MS65 grade.
|MS65 1890 Silver Dollars|
MS60 (uncirculated) Value Chart
Proof coins are collectible versions of official U.S. coins that have been struck from specially produced blanks instead of being minted by the United States Mint. As such, they are usually more valuable than their non-proof counterparts and can therefore be a good way to invest in rare U.S. coins or other numismatic items. 1890 silver dollars is no exception, here are some of the proof 1890 coins:
For instance, this gorgeous coin has been sold at auction for $63,250
Whereas, this one has been sold for $88,125
Watch this video to check more valuable pieces.
1890 Morgan Silver Dollar Error Coins
One of the factors that can affect the value of a coin is whether there was a mint error or accident during production. For example, if there was a doubling or missing planchet during minting, it could cause the issue to be extremely rare. This would make the coin more valuable than one that was produced without an error.As a result, they carry a number of interesting features.
For instance, this mint error coin is selling on Ebay for $149.99.
Commonly Asked Questions
What are silver dollars?
Silver dollars are coins made of silver. They have been used as currency in the United States since 1792. The dollar has been valued at $0.01 per troy ounce ever since it was first minted, making it one of the most stable currencies in the world. Today’s silver dollars are made of 90% silver and 10% copper. They come in a variety of denominations from $1 to $50 and feature a variety of designs on their face, including depictions of Liberty or George Washington.
Where to get 1890 Morgan Silver Dollar coins and sell if you have one?
Either use a specialised website like Coinappraiser or USA Coin Book, or sell the coin on eBay.
Ebay is a great place to buy collectible coins. Coins that are in demand are likely to sell for a higher price than similar coins that aren’t in demand.
However, keep in mind that there are certainly risks involved when buying coins on Ebay, but the rewards could be worth it if you find a rare coin.
If you have 1890 silver dollars and want to sell them, Search for the whole name, choose the “sold” listing, and then switch the search to “highest value.” By doing this, you’ll get an idea of how much coin collectors are willing to pay for your coin.
In a nutshell, you should always do your research before buying or selling anything online, including coins.
Be aware of potential fakes when making purchases online. Buy from trusted sellers who have a good reputation, and make sure you’re comparing prices before making a purchase.
Is it worth it to invest in the 1890 Morgan Silver Dollar?
There is a lot of debate surrounding the value of 1891-O silver dollars. These coins were struck in extremely high demand during the early days of the U.S. Mint’s production, and they can be worth quite a bit in the right conditions.
That said, if you have an interest in investing in rare coins, it may be worth taking a closer look at these coins when you have the chance. 1890 silver dollars are scarce, which means that their values tend to go up over time as more and more people are willing to pay top dollar for them.
1890 Silver Dollar Overview
This coin is a collector’s must-have because it combines history, patriotism, precious metal, and rarity into one coin. On the obverse, Lady Liberty’s stunning visage is inscribed with the year at the bottom, while on the reverse, a Bald Eagle is positioned above the word “One Dollar.” You may find this collector’s item on the back of the “O” in “dollar” above CC to find out where it was made. The most valuable 1890 Silver Dollar variety is the CC variety, which stands for Carson City. 90% silver and 10% copper make up the 1890 Morgan silver dollar.
This coin weighs 26.73 grams and has a diameter of 38 mm. As a result, each coin has a silver content of about 0.77344 ounces.
It is recommended to have it professionally graded to learn more about the possible worth of your Morgan Dollar.