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1895 Morgan dollar value guide -- the proof-only "King of Morgan Dollars," why no business strikes exist, and current value.
Note: a full grade-by-grade breakdown for this coin is still being compiled.
Called the "King of Morgan Dollars" -- no 1895 business-strike (regular circulation) dollars are known to exist from the Philadelphia mint, only proofs.
Only 880 proofs were struck, making this one of the scarcest dates in the entire series by any measure.
Its absence from circulation strikes (despite mint records showing over 12 million were supposedly coined) has never been fully explained -- most are believed melted.
Live listings matching the 1895 Proof only Morgan Silver Dollar
Other dates and varieties in this series
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.
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.
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.
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.
About the 1895 Proof only Morgan Silver Dollar
No business-strike (regular circulation) examples of this date are known — only the proof shown above exists, currently estimated around $66,417. There isn't a grade-tier range to compare against because there's no wider population of circulated examples to grade.
Called the "King of Morgan Dollars" -- no 1895 business-strike (regular circulation) dollars are known to exist from the Philadelphia mint, only proofs.
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.
List it free on PeerMetals — flat 2.75% seller fee, zero listing fees, 1–3 day payouts.
