The Morgan silver dollar is a popular one-dollar coin version. The US Mint produced over 657 million of these coins between 1878 and 1904, including 1921. Despite this, there are fewer and fewer Morgan dollars in the coin market today. Knowing this, collectors are interested in every remaining piece.
It is crucial to know the precise 1899 Morgan silver dollar value when this particular coin is still not a part of your collection. It can vary, ranging from $35 to $3,100, depending on the coin preservation, rarity, and an imprinted mint mark.
1899 Morgan Silver Dollar
The primary element of the Morgan silver dollar composition is silver with a share of 90%, while the other 10% is copper. The diameter of this coin is 1.5 inches (38 mm), its total weight is 0.8594 troy ounces (26.83 g), while the silver content is 0.77344 troy ounces (24 g). It is thick 0.09 inches (2.4 mm) precisely.
On the 1899 Morgan silver dollar obverse is a Lady Liberty profile. She is positioned in the middle between 13 stars representing 13 original colonies. You can see the Latin saying E PLURIBUS UNUM above her head, and below is the minting year.
On the coin reverse is an American bald eagle with an arrow in one and an olive branch in the other claw. Half-wreaths are on both sides of the eagle head, and between the spread wings is the inscription IN GOD WE TRUST.
The upper edge contains saying the UNITED STATES OF AMERICA, while the denomination ONE DOLLAR is along the bottom edge.
1899 Morgan silver dollar
|San Francisco||1899 S||2,562,000||$50+|
|New Orleans||1899 O||12,290,000||$35+|
The US Mint produced 15,182,846 Morgan silver dollars in three different mints this particular year. Each one has its mint mark on the coin reverse, and you can use it to distinguish coins minted in:
- Philadelphia without an engraved mint mark
- San Francisco, with an S mint mark
- New Orleans, with an O mint mark
1899 Morgan Silver Dollar Grading
Condition and rarity are significant for determining the 1899 Morgan silver dollar value. Its rarity depends on the number of coins you can find on the current market. When grading the condition, it is necessary to pay attention to the relief appearance and damage.
On the coin obverse, you need to look at the Lady Liberty face and neck. It is also necessary to check the coin’s reverse and pay attention to the eagle’s wings and body. The surface above the eagle’s head and around its wings will tell you even more about the coin’s condition.
It is crucial to see the relief points standing out. They will show you whether the particular coin was in circulation and determine the possible damage degree. On the reverse, the points for checking include the eagle’s head, chest, legs, and the right wing’s top.
The next thing to observe is Lady’s hairline, especially the hair over her ear. Also, you should look at the eyebrow expression, the cheek tip, and the cap top.
Uncirculated 1899 Morgan silver dollar
The penny in mint state is the one that wasn’t in circulation at all. Such a coin spent years in the bank vault packed in a sealed bag. Because of these, the only damages that appear on its surface are scratches caused by the rough canvas bag material.
1899 Morgan silver dollar value by USA Coin book
|Quality||1899||1899 O||1899 S|
|Mint state 60||$300||$60||$415|
|Mint state 65||$1,035||$220||$2,345|
- MS 65 gem – 1899 Morgan silver dollar with this rating can have a pair of barely noticeable contact marks. Also, you can notice slight friction traces on the eagle chest or Liberty Lady cheek.
- MS 63 – On this coin surface, you can notice visible scratches and bag traces. However, its brilliance is still present.
- MS 61 – Uncirculated 1899 Morgan silver dollar rated with this rating has more slight but noticeable scratches on the entire surface.
Extra fine 1899 Morgan silver dollar
This rating means that the coin was in circulation for a short time so that you can spot noticeable signs of wear in the relief details. Damage to the reverse is visible on the wingtips, while feathers traces are still present on the eagle’s chest and legs.
On the obverse, you can see that Lady Liberty’s cap details are slightly flattened. Plus, the hair behind Lady’s ear, as well as on her forehead, began to diminish.
Very fine 1899 Morgan silver dollar
Approximately 80% of the relief details should be visible on this coin. However, you will notice flattening on hair and the cap’s top. Also, the Lady’s face is often noticeably scratched.
There are also significant damages on the reverse, and the feathers on the eagle’s wings, chest, and legs flatten out.
Fine 1899 Morgan silver dollar
The surface of a coin in this quality range is almost flat. The relief details are pretty unrecognizable, while the inscriptions are still clearly defined.
Good 1899 Morgan silver dollar
A good grade is the worst rating your 1899 Morgan silver dollar can get. It shows that your coin was in circulation for a long time, and significant damages are visible on its surface. You will notice that the coin relief entirely levels, while only the crucial details and certain inscription parts are visible.
1899 Morgan Silver Dollar Types
1899 Morgan silver dollar
The Philadelphia mint produced 330,000 Morgan silver dollars and 846 proofs in 1899. However, not all of these coins were put into circulation immediately. In fact, and some of them came out of a vault in the 1950s for the first time. According to PCSG estimates, barely 10% of these coins have survived to this day.
1899 Morgan silver dollar value by CoinStudy
|1899 Morgan dollar||$40||$80||$98||$160|
|1899 S Morgan dollar||$21.5||$21.5||$23.8||$43.5|
|1899 O Morgan dollar||$26.3||$27.8||$43||$297|
You can purchase the 1899 Morgan silver dollar produced in Philadelphia in very good condition for approximately $175. On the other hand, an uncirculated coin with a rating of MS 65 can be yours for about $700. One 1899 MS 67+ Morgan silver dollar was sold at auction for a record $21,150.
1899 proof Morgan silver dollar
The 1899 proof Morgan silver dollars were produced in a small series of only 846 coins, which explains their scarcity in the coin market. Many collectors are prepared to pay about $3,000 for well-preserved specimens.
1899 S Morgan silver dollar
Although the San Francisco Mint made 2,562,000 coins, experts believe that only 250,000 have survived. About 40,000 of these coins are in uncirculated condition. However, most coins have bags traces, so their ratings vary between MS 60 and MS 62.
1899 Morgan silver dollar value by JM Bullion
|1899 Morgan dollar||$200 to $205||$225 to $230|
|1899 S Morgan dollar||$39 to $40||$40|
|1899 O Morgan dollar||$65+||$140|
The 1899 S Morgan silver dollar in very good condition is worth approximately $45. On the other hand, an uncirculated coin with a rating of MS 65 can reach a higher price of about $1,850. One of these coins with an MS 67 + rating set a record of $49,938 at auction.
1899 O Morgan silver dollar
The New Orleans mint issued the highest amount of 1899 Morgan silver dollars, as many as 12,290,000 coins. According to PCSG estimates, 1,200,000 of these coins have survived until these days, so it is not difficult to find one for your collection.
Keep in mind that this mint is known for making the most of the matrix. For this reason, coins from the same series have a different strike quality, depending on the production period.
1899 Morgan silver dollar value by Gainesville coins
|Quality||1899||1899 S||1899 O|
|Mint state 61||$290||$520||$60|
|Mint state 63||$340||$715||$75|
|Mint state 65||$78||$1,810||$135|
|Auction record||$21,150 (MS 67+)||$49,938 (MS 67+)||$29,900 (MS 68)|
You can still find a quality piece for a lower price. For example, an 1899 S Morgan silver dollar in very good condition can be found for about $30, while an uncirculated coin with an MS 65 grading can be worth about $150. An MS 68 coin achieved an auction record after selling for $29,900.
1899 Morgan silver dollar, like other Morgan dollars, has numismatic and silver bullion values. Numismatic value is crucial to collectors because it shows each piece’s condition, preservation, and rarity.
This value is often much higher than the price of precious metal it contains, depending on the current silver cost on the market. However, you can cash at least its silver value even though your coin is in poor condition.