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1893-S Morgan Silver Dollar Value

1893-S Morgan silver dollar value guide -- the King of Morgan key dates, real mintage, and current price estimates.

1893-S Morgan Silver Dollar obverse
1893-S Morgan Silver Dollar reverse
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Year
1893
Mint mark
S
Composition
90% silver, 10% copper
Mintage
100,000

Current value

Typical circulated
$5,664
Uncirculated (low)
$231,705
Uncirculated (high)
$726,546

Note: a full grade-by-grade breakdown for this coin is still being compiled.

Source: PCGS CoinFacts, https://www.pcgs.com/coinfacts/coin/1893-s-1/7226 (mintage, PCGS# 7226); USA Coin Book, https://www.usacoinbook.com/coins/3264/dollars/morgan/1893-S/ (value estimates) -- both retrieved 2026-08-21

Why it matters

The single most famous key date in the entire Morgan series -- the lowest mintage (100,000) of any regular-issue Morgan dollar.

A PCGS MS65 example sold for $646,250 at a Legend Rare Coin Auction in October 2014, a record at the time.

PCGS CoinFacts estimates roughly 9,948 survive across all grades combined.

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Buying a morgan silver dollar

Condition drives price more than any other factor on a coin like this — two examples of the same date can be worth very different amounts depending on wear and authentication.

Grade before you price it

The value table above is organized by grade for a reason — a coin's condition, not just its date, sets where it lands on that range. If you're not sure how to grade, a seller's photos and description should call it out.

Check for authentication

A professionally graded (PCGS/NGC) example carries more certainty than a raw coin, and usually a small premium for it. Both are fine to buy — just factor grading into the price you're comparing.

Compare a few listings

Prices vary between individual sellers here, not one retailer's price list. Sort by price, check the seller's Metal Points and order history, and message the seller if photos don't show enough detail to grade confidently.

Common questions

About the 1893-S Morgan Silver Dollar

How much is a 1893-S Morgan Silver Dollar worth?

A typical circulated example brings around $5,664, with uncirculated examples ranging from $231,705 to $726,546.

What makes the 1893-S Morgan Silver Dollar valuable?

The single most famous key date in the entire Morgan series -- the lowest mintage (100,000) of any regular-issue Morgan dollar.

Should I get it professionally graded?

For anything you believe is a key date or an error, professional grading protects both buyer and seller by settling condition and authenticity before money changes hands.


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