1890 Silver Dollar History Value and Collectibility
The 1890 Silver Dollar is a part of the Morgan Dollar series, which was minted in the United States from 1878 to 1904 and briefly again in 1921. Designed by George T. Morgan, this coin is highly sought after by collectors due to its historical significance and silver content. Many coin enthusiasts appreciate its intricate design, solid composition, and the different mint marks that influence its value.
Design and Composition of the 1890 Silver Dollar
This features the classic Morgan Dollar design, which was first introduced in 1878. On the obverse, it showcases Lady Liberty facing left, wearing a Phrygian cap, which symbolizes freedom and liberty. The word “LIBERTY” appears on her headband, with stars surrounding the image. The reverse side displays a majestic bald eagle with outstretched wings, holding arrows and an olive branch in its talons, representing strength and peace.
This coin is composed of 90% silver and 10% copper, weighing 26.73 grams with a diameter of 38.1 mm. The coin’s silver content makes it valuable not just for collectors but also for investors in precious metals. The reeded edge prevents counterfeiting, ensuring authenticity and trustworthiness among collectors.
Mint Marks and Their Significance
This was minted in four different locations, each with a specific mint mark that greatly influenced its value. The Philadelphia Mint (No mint mark), New Orleans (O), San Francisco (S), and Carson City (CC) produced this coin in varying quantities.
| Mint Location | Mint Mark | Mintage |
|---|---|---|
| Philadelphia | None | 16,802,000 |
| New Orleans | O | 10,701,000 |
| San Francisco | S | 8,230,373 |
| Carson City | CC | 2,309,041 |
The Carson City (CC) version is the rarest and most valuable due to its limited mintage. The San Francisco (S) mint often produced coins with better strikes, making them more desirable in high grades.
How Much Is an 1890 Silver Dollar Worth?
The value of it depends on its condition, mint mark, and grading. While common circulated coins are worth their silver content, high-grade uncirculated versions fetch significantly higher prices. Below is a general price guide based on the coin’s condition:
| Grade | 1890 (P) | 1890-O | 1890-S | 1890-CC |
| Good (G-4) | $35-$50 | $35-$50 | $45-$60 | $150-$300 |
| Fine (F-12) | $50-$70 | $50-$70 | $60-$80 | $300-$500 |
| Extremely Fine (XF-40) | $70-$100 | $70-$120 | $100-$150 | $700-$1,200 |
| Uncirculated (MS-60) | $150-$200 | $150-$250 | $250-$400 | $1,500-$3,000 |
| Uncirculated (MS-65) | $800-$1,500 | $1,000-$2,000 | $3,500-$5,000 | $10,000+ |
Coins with the CC mint mark are highly sought after, while San Francisco (S) and New Orleans (O) coins tend to carry moderate premiums depending on their condition.
Factors
Several key factors determine the value of an 1890 Silver Dollar. First, mint marks play a crucial role, as coins from Carson City are rarer and command higher prices. Second, condition and grading significantly impact a coin’s market worth. Coins graded MS-65 or higher sell for thousands of dollars, while well-worn examples trade close to their silver melt value.
Collectors also look for errors and varieties in this. Certain die cracks, double strikes, and off-center minting increase a coin’s rarity, making it more valuable in auctions and private sales.
Determine the Authenticity
Verifying the authenticity of it is essential before making any purchase. Look for the correct weight, diameter, and silver content. Counterfeit coins may have incorrect dimensions or feature a dull appearance due to low-quality metal mixtures.
If you suspect a fake, consider getting the coin graded by PCGS or NGC, which are reputable third-party grading services. Professional grading ensures authenticity, assigns a value, and protects your investment for future resale.
Investing
This is not just a collector’s item but also a great investment. Since it contains 0.7734 troy ounces of silver, its intrinsic value fluctuates with silver prices. Many investors acquire Morgan Dollars as part of a diversified portfolio, combining numismatic and precious metal value.
Rare Carson City issues in mint condition appreciate over time, making them excellent long-term holdings. Investing in well-preserved, graded examples provides security and ensures stable returns.
Preserving and Storing
Proper storage maintains the condition and value of an 1890 Silver Dollar. Store coins in airtight holders or coin albums to prevent exposure to moisture and air, which can lead to tarnishing. Using cotton gloves when handling prevents fingerprints and scratches, preserving the coin’s original luster.
For added security, keep valuable this in a safe deposit box or a fireproof home safe. If you own highly valuable pieces, consider insurance coverage to protect against potential loss or theft.
Where to Buy or Sell
There are several ways to buy or sell It. Online marketplaces such as eBay, Heritage Auctions, and GreatCollections provide access to thousands of Morgan Dollars in various conditions. Local coin shops and numismatic shows also offer opportunities to inspect coins before purchasing.
If you plan to sell, grading your coin can increase its value and marketability. Well-preserved, professionally graded coins attract serious buyers willing to pay higher premiums.
Frequently Asked Questions
How much silver is in an 1890 Silver Dollar?
This contains 90% silver, with 0.7734 troy ounces of pure silver content.
Which one is the most valuable?
The Carson City (CC) mint version is the rarest and most valuable, especially in uncirculated condition.
How can I tell if It is real?
Check the weight, dimensions, and mint marks. Consider professional grading for authentication and value assessment.
Conclusion
The 1890 Silver Dollar remains one of the most popular coins among collectors and investors. Its classic design, historical significance, and silver content make it a valuable piece of American coinage. Whether you collect for history, rarity, or investment potential, owning It is a rewarding experience. Understanding mint marks, condition, and market demand helps ensure that you make an informed decision when buying or selling these stunning silver coins.
