1895 Morgan Silver Dollar
The 1895 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. The New Orleans Mint used an 'O' and the San Francisco Mint an 'S”. The main mint in Philadelphia did not use a mintmark. Since no circulation strikes are known to exist for the 1895 Morgan Dollar, proof examples are extremely expensive. 1878-1921 Morgan Silver Dollars The 1895-O Morgan Dollar ( Buy on eBay ) had a somewhat lower mintage with 450,000 coins produced at the New Orleans Mint. Importantly, much of this mintage was circulated and no hoards of coins emerged in later years.
CoinTrackers.com has estimated the 1895 Morgan Silver Dollar value at an average of $28786, one in certified mint state (MS+) could be worth $70,000. (see details)...
Only a few hundred Proof 1895 Morgan Silver Dollar exist today, although US Mint records indicate 12,000 business strike dollars were produced. The 1895 is a major hurdle for Morgan Dollar collectors seeking a complete set, which explains its high value. No silver dollar coinage for circulation was struck this year at the Philadelphia Mint. Striking was limited to 880 Proofs. With such a low production amount, the 1895 Morgan Silver Dollar is by far the rarest date in the Morgan dollar series and will be worth the most.
Type:Morgan Silver Dollar
Year:1895
Mint Mark: No mint mark
Face Value: 1.00 USD
Total Produced: 880 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $28786, while one in certified mint state (MS+) condition could bring as much as $70,000 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1895, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: Just 880 coins were issued at the mint,and all were proofs. BE VERY CAREFUL THAT YOU DONT BUY ONE THAT HAS SIMPLY HAD THE MINT MARK SCRAPED OFF! These coins are very very rare and you are more likely to see a forgery or replica than an actual 1895 (P) Proof Morgan Silver Dollar. Have the coin looked at by an expert before making this purchase. Buyers Be Ware. Search ebay for 1895 P Morgan Silver dollar and see what im talking about, there are a bunch of coins that say 'Exact Replica', but not one real coin to be found.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $28764.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1895 No mint mark is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
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**When we say that 880, of these coins were produced or minted in 1895 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.
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- 1896 Morgan Silver Dollar
Coin Info
1895 Morgan Silver Dollar Ebay
1895 Morgan Silver Dollar Vf
1895 Morgan Silver Dollar Proof Value
Morgan Silver Dollars from the latter half of the 1890s are not nearly as expensive as those from the first half and, most particularly, the middle part of the decade. 1896 Morgan Silver Dollars are quite reasonable in price as compared to issues from 1893, 1894, and 1895. While the San Francisco issue from 1896 is a fairly expensive coin in all grades, the regular-issue Philadelphia and New Orleans pieces can be bought in the lower circulated grades for only a small premium over their melt value.
The 1896 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. The New Orleans Mint used an 'O' and the San Francisco Mint an 'S”. The main mint in Philadelphia did not use a mintmark. Proof examples of Morgan Dollars from all years, including 1896, are rare which makes them expensive.
1896 Morgan Silver Dollar Mintage Figures
- 1896: 9,976,000; $35+
- 1896-O: 4,900,000; $35+
- 1896-S: 5,000,000; $100+
- 1896 Proof: 762; $3,000+
1895 Silver Dollar Value Today
Because of high mintage figures, the 1896 and 1896-O Morgan Silver Dollars should not be difficult to locate and can be safely bought raw nearly anywhere. The 1896-S dollar, given its scarcity on the market, should be purchased as slabbed because there are a large number of counterfeit and altered silver dollars on the market. Given the relatively high volume of 1896 Morgan Dollars available, you shouldn’t feel rushed into purchasing the first one you see. Unless you are focusing your efforts on collecting a low-grade set of Morgan Dollars, hold out for higher-end pieces if your budget and tastes warrant.