How Much is a 1895 Morgan Silver Dollar Worth? (Price Chart)

You can hardly find a more popular American coin than the Morgan silver dollar minted in the late 19th century. Its intricate design was packed with details that captivated Americans from the first moment, and collectors still adore it.

The 1895 Morgan silver dollar value primarily depends on its condition and silver prices. The problem is that the amount of these almost century and half old specimens is limited, and it is pretty challenging to find them in the mint state. Experts believe it is an ideal time to complete the set while some good pieces are still available.

1895 Morgan Silver Dollar History

In 1878, the Bland-Allison Act ordered the government to buy silver and mint silver dollars. The plan was to artificially stabilize this precious metal price to meet the silver mining interests.

1895 Morgan silver dollar

Location Year Minted
Philadelphia proof only 1895 880
San Francisco 1895 S 400,000
New Orleans 1895 O 450,000
Total / 850,880

Engraver George Morgan created the new coin produced in five different mints from 1878 to 1904. You can also find this coin struck in 1921 because the Peace silver dollar wasn’t ready for minting that year.

1895 Morgan silver dollar

Face value $1
Compound 90% silver and copper
Silver weight 0.77344 troy ounces (24 g)
Coin weight 0.85939 troy ounces (26.73 g)
Coin diameter 1.5 inches (38.1 mm)
Coin thickness 0.09449 inches (2.4 mm)
Shape Round
Edge Reeded

The complicated design includes Liberty with a cap and inscribed word LIBERTY on a band decorated with leaves and blooms. The maxim E PLURIBUS UNUM and thirteen stars surround her, while the date is near the bottom rim.

American bald eagle is on the reverse with the motto IN GOD WE TRUST above its head. The denomination and UNITED STATES OF AMERICA are struck along the coin rim.

 

1895 Morgan Silver Dollar Types

1895 Morgan silver dollar

1895 Morgan silver dollar

The 1895 Morgan silver dollar is the most mysterious coin in the set. It is known that the Philadelphia mint produced 880 proofs, but there were also 12,000 regular coins, according to US Mint records. However, they disappeared.

1895 Morgan silver dollar value*

Quality 1895 proof 1895 S 1895 O
Good / $861 $293
Very good / $907 $350
Fine / $969 $407
Very fine / $1,036 $462
Extra fine / $1,326 $665
About uncirculated / $1,988 $1,326
MS 60 / $4,454 $16,565
MS 65 / $28,211 $183,664
Proof 65 $57,103 / /

*by USA Coin book

Collectors have three theories about these coins’ destiny:

  • The official notation is an error, and the Philadelphia mint never produced these coins
  • The entire mintage was lost in a shipwreck
  • They were minted, but all 12,000 pieces were immediately melted

No one can confirm any of these theories, but the fact is that they are gone, and you need to set aside much money to afford one of the existing pieces.

1895 proof Morgan silver dollar

1895 proof Morgan silver dollar
Image

Since the Philadelphia mint struck only 880 proofs, they are scarce and costly nowadays. The most expensive piece holds an auction record of $269,500. One collector bought this 1895 PR 67+ DCAM Morgan silver dollar in 2020.

1895 Morgan silver dollar (proof) value*

Quality 1895 1895 CAM 1895 DCAM
G 8 $26,000 to $29,900 / /
PR 8 $27,000 to $31,050 / /
PR 10 $28,000 to $32,200 / /
PR 12 $29,000 to $33,350 / /
PR 15 $30,000 to $34,500 / /
PR 20 $31,000 to $35,650 / /
PR 25 $31,250 to $35,938 / /
PR 30 $31,500 to $36,225 / /
PR 35 $32,000 to $36,800 / /
PR 40 $33,000 to $37,950 / /
PR 45 $34,000 to $39,100 / /
PR 50 $37,000 to $42,550 / /
PR 53 $37,500 to $43,125 / /
PR 55 $38,000 to $43,700 / /
PR 58 $40,000 to $46,000 / /
PR 60 $42,000 to $48,300 / /
PR 61 $44,000 to $50,600 / /
PR 62 $48,000 to $55,200 $52,000 to $60,000 /
PR 63 $52,000 to $59,800 $58,000 to $66,700 $60,000 to $69,000
PR 64 $55,000 to $63,250 $64,000 to $73,600 $72,000 to $82,800
PR 65 $66,000 to $75,900 $78,000 to $86,000 $90,000 to $103,500
PR 66 $90,000 to $110,000 $100,000 to $120,000 $125,000 to $143,750
PR 67 $ 125,000to $143,750 $130,000 to $149,500 $165,000 to $189,750
PR 68 $140,000 to $170,000 $160,000 to $230,000 $200,000 to $324,000

*by Greysheet

Additionally, one standard 1895 PR 66 Morgan silver dollar was paid $150,000, while the 1895 PR 66 CAM Morgan silver dollar reached $120,000 at auction. It is estimated that pieces in the MS 68 grade are worth $140,000 to $324,000.

1895 S Morgan silver dollar

1895 S Morgan silver dollar

Precisely 400,000 Morgan silver dollars were minted in San Francisco in 1895. Even pieces in the lowest grade are worth at least $850, but those in the mint state are more expensive.

1895 Morgan silver dollar (proof) value*

Quality 1895 1895 CAM 1895 DCAM
PR 25 $37,800 / /
PR 45 $41,100 / /
PR 55 $46,000 / /
PR 61 $53,200 / /
PR 63 $62,900 $67,800 $72,600
PR 65 $79,900 $94,400 $108,900

*by Gainesvillecoin

For instance, a specimen with MS 65 rating will probably cost you over $28,000. The auction record from 2020 was an astonishing $336,000 for the 1895 S MS 67 DMPL Morgan silver dollar.

1895 O Morgan silver dollar

1895 O Morgan silver dollar

Even though the New Orleans mint produced more coins than San Francisco, they typically cost more. While remaining circulated pieces of 450,000 minted 1895 O Morgan silver dollars cost $300 to $1,300, those in the mint state are more pricey.

You can find a piece for $16,500 to $184,000, depending on its condition. The auction record holds one almost perfect 1895 O MS 67 Morgan silver dollar. One dedicated collector paid $575,000 for it at Heritage Auctions in 2005.

 

1895 Morgan Silver Dollar Variations

1895 Morgan Silver Dollar Variations

You can see that some business-strike 1895 Morgan silver dollars are proof-like (PL) and show mirrored fields similar to proof coins. Those were first pieces struck with new or polished older dies.

1895 Morgan silver dollar (PL) value*

Quality 1895 PL S 1895 PL O
MS 63 / $55,000 to $63,250
MS 64 $9,500 to $10,925 $93,500 to $107,525
MS 65 $27,500 to $31,625 /

*by Greysheet

On the other hand, 1895 DMPL Morgan silver dollars have deep mirror surfaces resembling proofs. They are known after atypically reflective fields, making them the most desirable and costly pieces on the coin market.

1895 DMPL Morgan silver dollar (DMPL) value*

Quality 1895 DMPL S 1895 DMPL O
MS 60 $4,500 to $5,500 $22,000 to $25,300
MS 61 $5,000 to $6,500 $30,000 to $35,000
MS 62 $6,500 to $8,000 $40,000 to $46,000
MS 63 $9,000 to $11,500 $65,000 to $75,000
MS 64 $13,000 to $16,000 $125,000 to $143,750
MS 65 $35,000 to $45,000 $275,000 to $316,250
MS 66 $65,000 to $80,000 /
MS 67 $260,000 to $330,000 /

*by Greysheet

 

1895 Morgan Silver Dollar Grading

1895 Morgan Silver Dollar Grading

Uncirculated – Since the 1895 Morgan silver dollar is over a century old, you should be careful with its estimation. Only rare coins are still in the mint state, and you can see a delicate frosty luster on its surface. The texture is perfect with untouched delicate details.

1895 Morgan silver dollar value*

Quality 1895 S 1895 O
Good $225 to $287.50 $185 to $230
Very good $350 to $460 $225 to $287.50
Fine $450 to $690 $300 to $373.75
Very fine $700 to $1,208 $350 to $575
Extra fine $1,250 to $1,725 $625 to $850
AU $2,000 to $3,450 $1,450 to $5,175
MS 60 $5,000 to $5,750 $12,500 to $14,500
MS 61 $5,299 to $5,980 $13,500to $15,500
MS 62 $5,650 to $6,498 $21,000 to $26,000
MS 63 $6,500 to $7,475 $42,000 to $48,000
MS 64 $9,000 to $10,350 $80,000 to $95,000
MS 65 $16,500 to $18,000 $180,000 to $225,000
MS 66 $75,000 to $90,000 $325,000 to $373,750
MS 67 / $525,000 to $603,000

*by Greysheet

Extra fine – In most cases, you will need a magnifying glass to notice slight imperfections on this coin’s surface. You should pay attention to the hair behind Liberty’s ear, her ear, and cap folds since the first signs of wear appear at those places.

Fine – The coin in this grade spent months or even years in circulation, and you can see many imperfections on its surface. Many scratches and flattened parts are visible, particularly on leaves, cotton blossoms, and Liberty’s hair strands.

1895 Morgan silver dollar value*

Quality 1895 S 1895 O
Very fine $600 $30
Extra fine $950 $450
AU $1,825 $2,000
MS 61 $4,500 $16,000
MS 63 $5,500 $47,000
MS 65 $22,500 $225,000

*by Gainesvillecoin

Good – Unfortunately, you can see a lack of design details on this coin due to perennial circulation. Lady Liberty’s face is mostly an outline, while her hair curls are merged. Even though this piece is in horrible condition, it is collectible and contains silver, so that it will be worth a few hundred dollars.

 

Summary

Morgan dollar set is highly collectible and typically pricey. Therefore, you can expect that those rare pieces are expensive, valuable, and worth collecting. Since this coin is old, you should pay particular attention to its condition, but even specimens in the worst grade will be worth something.

1 thought on “How Much is a 1895 Morgan Silver Dollar Worth? (Price Chart)”

  1. I found a coin that’s beautiful it’s a 1895 s Morgan silver dollar and I think it’s meant how can I find out it’s worth

    Reply

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