How Much is a 1900 Morgan Silver Dollar Worth? (Price Chart)

First Morgan silver dollars were introduced at the end of the 1800s, and this particular one was the last minted in that century. Therefore, highly graded coins are of particular importance to collectors. Unfortunately, finding one is not an easy job since most of them were in circulation for a long.

On the other hand, they contain 0.7735 troy ounces (24 g) pure silver, so you should get at least $21.45 for even the cheapest piece. With numerous counterfeit coins, especially rarities and those struck at San Francisco, you need to be careful when determining the 1900 Morgan silver dollar value. Let’s see.

1900 Morgan Silver Dollars

The first step in determining the 1900 Morgan silver dollar value is to check its condition and the mint where it was produced. Three of them minted silver dollars in 1900, including:

  • Philadelphia – Dollars without a mint mark
  • San Francisco – Dollars with an S mint mark
  • New Orleans – Dollars with an O mint mark

1900 Morgan silver dollar

Location Year Minted Value
Philadelphia 1900 8,880,000 $30+
Philadelphia 1900 proof 938 $3,000
San Francisco 1900 S 3,540,000 $45+
New Orleans 1900 O 12,590,000 $30+
Total 15,010,938

Most collectors want to have a whole set of George T. Morgan’s silver dollars, and the one minted at the turn of the century is a desirable piece.

Many true connoisseurs appreciate toned Morgan silver dollars. New pieces radiate a unique bright blueish-white luster, but they start toning over time. Keep in mind that the storing way considerably affects that natural process.

For instance, when you keep your coin in an envelope or box, it won’t be adequately protected. In such a case, you can expect silver to turn dark. On the other hand, coins kept in an album will get a toning color halo. Only a single coin holder can maintain a bright silver luster, increasing its value.

 

1900 Morgan Silver Dollar Types

1900 Morgan silver dollar without a mint mark

1900 Morgan silver dollar without a mint mark
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As is the case with all silver coins the US Mint produced, the 1900 Morgan silver dollar has both a value as silver bullion and a numismatic piece. It contains 90% silver and 10% copper with 0.77344 troy ounces (24 g) silver of 0.8594 troy ounces (26.73 g) total coin weight.

1900 Morgan silver dollar value by USA Coin book

Quality 1900 1900 S 1900 O
Good $27 $32 $27
Very good $33 $36 $33
Fine $38 $43 $38
Very fine $44 $47 $44
Extra fine $47 $57 $47
About uncirculated $50 $106 $50
Mint state 60 $59 $340 $59
Mint state 65 $207 $1,885 $207
Proof 63 $3,143 / /

Since the silver spot price on the current market is $22.80 per 1 troy ounce (31.1 g), this coin’s silver melt value is $17.63. However, the demand for this coin as a collector’s piece is high, so you can expect to get at least $30 for it.

Coins of higher quality are worth $45 to $60, but you need to pay over $200 for the one in MS 65. The auction record for one Morgan silver dollar minted in 1900 is $45,600.

 

1900 proof Morgan silver dollar

1900 proof Morgan silver dollar
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Only 938 proof Morgan dollars were minted in 1900, and those with nice surfaces are rare. You can quickly find pieces in PR 60 to PR 64 grades at affordable prices.

However, those in high grading are rare and more expensive, especially PR 67+ ones. You should set aside more than $3,000 for such a coin.

1900 Morgan silver dollar value by Gainesville coins

Quality 1900 without a mint mark 1900 with S mint mark 1900 with an O mint mark
Very fine $35 $50 $33
Extra fine $37 $65 $37
About uncirculated $46 $90 $46
Mint state 61 $53 $275 $59
Mint state 63 $58 $375 $73
Mint state 65 $135 $1,000 $135
Auction record $45,600 $39,950 $9,394

 

1900 S Morgan silver dollar

1900 S Morgan silver dollar

The San Francisco mint produced 3,540,000 S Morgan silver dollars in the last year of the 19th century, and almost all of them ended up in their storage and sat there for decades.

It is estimated that about a third of 1900 S Morgan silver dollars were melted under the Pittman Act. However, you can still find these coins available on the market at a reasonable price.

1900 Morgan silver dollar value by JM Bullion

Coin Extra fine quality Uncirculated quality
1900 Morgan dollar $39 $41
1900 S Morgan dollar $48 $90
1900 O Morgan dollar $39 $41

Finally, these coins entered circulation during the 30s and 40s. Most of them were sent to Las Vegas for casino industry needs in the 50s and 60s.

Since many casino patrons saved them as a souvenir from Las Vegas, many pieces in about uncirculated condition exist nowadays. You can quickly find this dollar in a lower mint state for approximately $200.

However, those in high conditions are scarce and more expensive. One 1900 S MS 67 Morgan silver dollar holds the auction record after reaching $39,950.

1881 Morgan silver dollar value by CoinStudy

Coin Quality
Good Fine Extra fine Uncirculated
1881 Morgan dollar $21.5 $21.5 $24 $43.5
1881 S Morgan dollar $23.5 $28 $36 $183
1881 O Morgan dollar $21.5 $21.5 $24 $43.5

 

1900 O Morgan silver dollar

1900 O Morgan silver dollar

With a mintage of 12,590,000 Morgan silver dollars, New Orleans was the most productive mint in the country that year.

However, most of these coins went straight to storage and ended up in the Treasury Department in Washington DC in 1911 after the New Orleans mint decommissioning. These coins finally came into circulation in the 30s.

1900 Morgan silver dollar value by Coinflation

Quality 1900 1900 S 1900 O
Good $21 to $22 $23 to $25 $21 to $22
Fine $22 to $23 $28 to $30 $22 to $23
Extra fine $24 to $25 $35 to $38 $24 to $25
Uncirculated $35+ $210+ $35+

In October 1962, numerous bags with 1,000 coins in the mint state came to the market directly from the vaults. Consequently, these coins are widely available in uncirculated conditions nowadays, making MS 67 1900 O Morgans more available than all other MS grades put together.

Be particularly careful when finding the 1900 O Morgan silver dollar with a micro O mint mark. After a detailed check, PCGS determined that all of them were counterfeit.

1900 Morgan silver dollar value by Hobbizine

Quality 1900 1900 S 1900 O
Good $34 $34 $34
Very good $35 $35 $35
Fine $36 $36 $36
Very fine $37 $37 $37
Extra fine $38 $43 $38
Uncirculated $39 $190 $39
Brilliant uncirculated $48 $309 $48
MS 65 $238 $1,425 $166

Approximately 10% of these coins survived numerous melting processes. So, you can effortlessly find an excellent piece for $20 to $45. Even MS 65 coins are affordable, and you need to set aside only $150 to $200 for a piece. The auction record for 1900 O MS 67+ Morgan silver dollar is $9,394.

1900 Morgan silver dollar value by COIN HelpU

Quality 1900 1900 S 1900 O
Very fine $20 $45 $20
Extra fine $30 $45 $30
About uncirculated $31 $100 $31
Mint state 63 $47 $400 $47
Mint state 65 $130 $1,400 $130

 

1900 Morgan Silver Dollar Mint Mark Error

1900 Morgan Silver Dollar Mint Mark Error

Only one 1900 Morgan silver dollar’s mint mark error exists, and you will rarely find such a coin on the market. The US Mint produced an unknown number of 1900 O/CC Morgan silver dollars this year with the letter O over CC.

1900 O/CC Morgan silver dollar value

Quality COIN HelpU Hobbizine
Good / $34
Very good / $43
Fine / $57
Very fine $75 $71
Extra fine $110 $119
About uncirculated $210 /
Uncirculated / $238
Brilliant uncirculated / $356
MS 63 $560 /
MS 65 $1,500 $2,613

The price of these pieces varies depending on their condition. However, it is crucial to have it checked since no one will buy this rarity without an adequate certification.

If you have this collectible coin, you can get over $100 for one in decent condition. On the other hand, such Morgan in MS 63 will be worth about $560, while the one in MS 65 is $1,500 to $2,500.

 

1900 Morgan Silver Dollar Grading

As always, coin value will primarily depend on its condition. You should always have your Morgan silver dollar checked before offering it on the market. Only that way, you can be sure how much it is really worth.

  • Uncirculated grade – Coins in the mint state were never released into circulation and are highly collectible. They still have desired mint luster without any post-mint damage.
  • Extra fine grade – You can see slight wear on this coin’s surface, but most minor details are still well defined. Sometimes, you can spot significant marks as a result of the longer time spent in circulation.
  • Very fine grade – The Morgan silver dollar in this condition is only slight to moderate wear. You will notice signs of use at the high coin points or traces of bag marks. However, most details are intact and visible.

 

Summary

Since many Morgan silver dollars were minted in 1900 and most are still in decent or excellent condition, their value is about $30. Only proof coins and those in MS 67+ or with an error mint mark are worth hundreds or even thousands of dollars on the current market.

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