1899 Silver Dollar
- USA Coin Book Estimated Value of 1899 Morgan Silver Dollar is Worth $177 in Average Condition and can be Worth $296 to $1,014 or more in Uncirculated (MS+) Mint Condition. Proof Coins can be Worth $3,068 or more. Click here to Learn How to use Coin Price Charts. Also, click here to Learn About Grading Coins. The Melt Value shown below is how Valuable the Coin's Metal is Worth (bare minimum value of.
- Low mintage: The 1899 Morgan dollar was produced to the extent of just 330,000 circulation strikes, one of the lowest figures in the series. From time to time, it has been stated that this figure is a typographical error and it should be higher, but I see no reason to dispute the Mint numbers. Van Allen and A. George Mallis concur.
CoinTrackers.com has estimated the 1899 Morgan Silver Dollar value at an average of $125, one in certified mint state (MS+) could be worth $650. (see details)...
Type:Morgan Silver Dollar
Year:1899
Mint Mark: No mint mark
Face Value: 1.00 USD
Total Produced: 330,000 [?]
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 $125, while one in certified mint state (MS+) condition could bring as much as $650 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 1899, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Value: The majority of 1899 $1 silver certificates sell for around $50. Notes that show very few signs of circulation can be worth between $100 and $200. There are lots of low serial number and star notes from the series of 1899. Anything with a one or two digit serial number is a good find.
Additional Info: 846 Morgan Dollar proofs were mint this year. The 1899 proofs are selling for around $3,000 on average if in PF-63 condition.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $103.95 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 1899 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.
Want to join CoinTrackers and Track Your Coins 100% FREE?
More of the Same
All US Dollar Coins
- *list does not count the newer Presidential Dollars
Most Valuable Coins by Type...
[Top of Page]
**When we say that 330,000, of these coins were produced or minted in 1899 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.
[Top of Page]
***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.
We use user submitted pictures please read that article if you are interested in adding your own.
1897 Silver Dollar Value Today
[Top of Page]
1899 Silver Dollar Mint Mark
In 1873 silver was demonetized; however, the Bland-Allison act of 1878 required the Treasury Department to coin two to four million silver dollars each month. The act attempted to keep silver at artificially high levels. Large quantities of Morgan dollars were minted, but they did not circulate well and were kept in Treasury storage vaults.
In 1884 Democrat Grover Cleveland became president. He fired all the Republican appointees including the top officials at the Carson City Mint and shut it down. A year later it reopened as an assay office. When Republican Benjamin Harrison became president, he fired Cleveland’s appointees and replaced them with Republicans. In 1889 coining operations resumed, and the present piece is a product of that resumption.
George T. Morgan was born on January 4, 1845 in Birmingham, England. Morgan attended the Birmingham Art School and won a scholarship to the South Kensington Art School. He worked as an assistant under the Wyons at the British Royal Mint. In 1876 Morgan immigrated to the United States and was hired as an assistant to William Barber at the United States Mint. Morgan reported directly to Mint Director Henry R. Linderman, whose office was moved to Washington D.C. in 1873, no doubt upsetting Engraver Barber and his son, Assistant Engraver, Charles Barber. Morgan was involved in the production of pattern coins from 1877 until his death in 1925. He designed varieties of the 1877 half dollar, the “Schoolgirl†dollar of 1879, and the “Shield Earring†coins of 1882. He became the seventh Chief Engraver in 1917 with the death of Charles E. Barber. Today, Morgan is most known for his design of the Morgan Dollar of 1878 to 1921. A recently found, although never released design was for the $100 Gold Union.
By some standards his career was a disappointment. He was an Assistant Engraver for over forty years and during that time designed only one regular issued United States coin, the famous Morgan Dollar. In 1917 Charles Barber died. Morgan, at age 72, finally became Chief Engraver.
Morgan’s design for the dollar shows a close head of Liberty in profile facing left. She wears a headband inscribed LIBERTY. In her hair are cotton, corn, wheat, and tobacco. She wears a modified Phrygian cap and is surrounded with the motto E PLURIBUS UNUM, thirteen stars (seven left and six right), and the date. The reverse shows an eagle with wings raised looking left. In its talons are arrows and olive branch, symbols of preparedness and peace. A wreath is below and the motto IN GOD WE TRUST is above. Except for the eagle’s wing tips, UNITED STATES OF AMERICA and ONE DOLLAR circumscribe the design. The mintmark is below the wreath and above the denomination.
With Mint State examples running from $24,000 to $300,000 depending on the grade, here is an opportunity to fill a hole in a collection of silver dollars. In its population report as of November 2013, CAC has confirmed 26 1889-CC Morgan Dollars at the XF40 grade level. Only 3% of all PCGS and NGC certified 1889-CC Morgan Dollar coins have been given CAC stickers.