Table of Contents
- 1884 silver dollar value
- History of the 1884 Silver Dollar (Morgan)
- 1884 silver dollar (Morgan) Types
- Features of the 1884 Silver Dollar (Morgan)
- 1884 Silver Dollar Value Guides
- 1884 No Mint mark Silver dollar Value
- 1884 proof Silver dollar Value
- 1884 CC Silver dollar Value
- 1884 O Silver dollar Value
- 1884 S Silver dollar Value
- 1884 Silver Dollar Grading
- Rare 1884 Silver Dollar Error List
- FAQ about the 1884 Silver Dollar (Morgan)
Since 1878, when the first silver Morgan dollars were released into circulation, they became the favorite American coinage. Even now, they are highly desirable and collectible after all these years. Everything became serious in the mid-70s when collecting these coins became a trend.
The 1884 silver dollar value is always significant because of these coins’ age and silver content. Besides, they are a valuable part of American coinage history and a reminder of the days when the silver deposit, Comstock Lode, in Nevada was discovered.
1884 silver dollar value
|Condition||1884 dollar (No Mint mark)||1884 dollar (CC)||1884 dollar (O)||1884 dollar (S)|
|Mint state 60||$83||$458||$76||$9,363|
|Mint state 65||$359||$681||$255||$224,749|
History of the 1884 Silver Dollar (Morgan)
The 1884 Morgan silver dollars are a set of coins from the series minted from 1878 to 1904, with one more attempt in 1921. Their existence was possible thanks to the Bland-Allison Act from 1878 when the US Mint got an opportunity to produce silver coins again.
It was a relief after the Coinage Act of 1873 limited the supply of silver coinage. George T. Morgan, an assistant engraver in those times, got an opportunity to create a new silver dollar. He did a fantastic job, resulting in coins named after him.
1884 silver dollar (Morgan) Types
|Philadelphia||1884 No Mint mark dollar||14,070,000|
|Philadelphia||1884 proof dollar||875|
|Carson City||1884 CC dollar||1,136,000|
|New Orleans||1884 O dollar||9,730,000|
|San Francisco||1884 S dollar||3,200,000|
Since a law committed the US Treasury to purchase silver for 2 to 4 million dollars monthly, the mintages of these silver coins were tens of millions. The result is a high number of still existing pieces on the current market.
Also read: 12 Most Valuable One-Dollar Coin Worth Money
Features of the 1884 Silver Dollar (Morgan)
Engraver George T. Morgan did an excellent job with these silver dollars named after him. Many collectors believe they are among the most beautiful American coins ever minted. Therefore, the entire series is highly collectible, including Morgan dollars struck in 1884.
The obverse of the 1884 silver dollar (Morgan)
George T. Morgan depicted Lady Liberty on his silver dollar. She wears a Phrygian cap decorated with leaves, flowers, wheat stalks, and the word LIBERTY on the crown. ******* E · PLURIBUS · UNUM ****** 1879 surround the portrait.
The reverse of the 1884 silver dollar (Morgan)
A bald eagle placed in the reverse center holds an olive branch and arrows, while inscriptions * UNITED STATES OF AMERICA * ONE DOLLAR surround it. The IN GOD WE TRUST is added above its head.
1884 silver dollar (Morgan) Details
|Face value||One dollar ($1)|
|Compound||90% silver and 10% copper|
|Coin thickness||0.09449 inches (2.4 mm)|
|Coin weight||0.8594 troy ounces (26.73 g)|
|Silver weight||0.77344 troy ounces (24.5 g)|
|Coin diameter||1.5 inches (38.1 mm)|
Other features of the 1884 silver dollar (Morgan)
The 1884 silver Morgans are one-dollar coins weighing 0.8594 troy ounces (26.73 g). 90% of that mass, or 0.77344 troy ounces (24.5 g), is silver. The coins’ diameter is 1.5 inches (38.1 mm), while their thickness is 0.09449 inches (2.4 mm).
Also read: 14 Most Valuable Coins In Circulation
1884 Silver Dollar Value Guides
Precisely 28,136,875 Morgan dollars were struck in four mints in 1884. The highest mintage had the one in Philadelphia, while the lowest number of these coins came from Carlson City.
1884 No Mint mark Silver dollar Value
About half of the Morgan silver dollars produced in 1884 were minted in Philadelphia. Most of the 14,070,000 coins were released into circulation or melted over the years, making surviving coins in the mint state valuable.
While circulated Morgans cost $30 to $60, those in the mint state have various prices. For instance, they are worth $50 to $95 in MS 60 to MS 63 grade, while MS 64- to MS 66-ranking pieces cost up to $630.
As expected, Morgan dollars in the highest grades are rare, so you should count on high prices, like the following:
- $2,900 to $4,400 for pieces in MS 67 grade
- $35,000 to $60,000 for pieces in MS 68 grade
Since some collectors prefer proof-like silver dollars, they often pay $55 for pieces in About Uncirculated condition. Those in the mint state cost $100 to $2,000, on average.
The only exceptions are MS 67-ranking coins, typically sold at $13,000 to $16,000. You can expect to pay about $175 to $9,600 for the 1884 DMPL silver dollars, but their prices depend on each silver dollar’s condition.
1884 proof Silver dollar Value
Besides regular Morgan dollars, the mint in Philadelphia struck 875 proofs in 1884. They were intended for collectors, so most are still well-preserved nowadays.
However, their limited number dictates current prices, so you should pay approximately $1,000 to $1,500 for proofs in PR 50 to PR 58 grades. Better-preserved pieces are more costly, and you should set aside $2,150 to $7,500 per coin. However, PR 67-ranking specimens are worth more, about $9,600 to $11,520.
As expected, the 1884 PR CAM silver dollars are more costly, ranging from $2,400 to $7,200. Those with PR 66 rank are worth about $9,000 to $10,800, while the most precious PR 67 Morgans quickly reach $13,000 to $22,000 at auctions.
If you have an unlimited budget, adding one of the 1884 PR DCAM Morgan dollars to your collection is the best option. Their prices are:
- PR 60 – $3,400 to $4,080
- PR 61 – $3,800 to $4,560
- PR 62 – $4,400 to $5,280
- PR 63 – $5,500 to $6,600
- PR 64 – $7,600 to $9,120
- PR 65 – $10,000 to $12,000
- PR 66 – $12,500 to $15,000
1884 CC Silver dollar Value
The Carson City mint traditionally produced the lowest number of silver dollars. Since only 1,136,000 pieces came from this mint, you can expect them to be pricey.
While the 1884 CC silver dollars that spent years in circulation cost approximately $110 to $286, those in the mint state are worth $300 to $4,800. Be prepared that the price range of the highest-preserved specimens in the MS 68 grade can be $52,000 to $62,000.
Since the best-graded PL coins are those in MS 67 rank, their prices rarely exceed $5,500 to $7,000. Lower-graded pieces typically cost $300 to $1,300.
Morgans with DMPL quality are the most expensive, ranging from $370 (MS 61) to $3,300 (MS 66). Only those ranked MS 67 reach incredible prices, often from $20,000 to $25,000.
1884 O Silver dollar Value
With 9,730,000 silver dollars with the O mint mark, the mint in New Orleans had the second-highest Morgans’ production in 1884. That fact is reflected in these coins’ prices.
So, you can find those in circulated condition for $30 to $58, which is a modest price for such old coins. Silver dollars in the mint state come in a wide price range so that you can buy them for:
- $50 to $61 (MS 60 grade)
- $52 to $63 (MS 61 grade)
- $56 to $68 (MS 62 grade)
- $74 to $80 (MS 63 grade)
- $92 to $112 (MS 64 grade)
- $170 to $195 (MS 65 grade)
- $320 to $400 (MS 66 grade)
- $1,595 to $2,400 (MS 67 grade)
- $12,500 to $14,375 (MS 68 grade)
The 1884 O PL silver dollars cost a bit more, so you should set aside $50 to $840 per piece, depending on its condition. The best-preserved coins with this feature are those in the MS 67 grade, typically costing $6,500 to $7,800.
There is no surprise about the 1884 O DMPL silver dollars. They cost the most, and collectors need to count on a price range from $135 for the MS 61-grading coin to about $19,000 to $24,000 for the MS 67-ranked ones.
1884 S Silver dollar Value
The San Francisco mint had an average Morgan dollars’ production in 1884 of precisely 3,200,000 pieces. Even though it was not the lowest mintage, numerous coins with the S mint mark were melted. That makes them the most precious in the set.
Be careful with estimation since only details determine circulated coins’ price, ranging from $30 to $2,185. Those in the mint state are incredibly expensive, so you should pay $7,200 to $36,000 for coins ranking from MS 60 to MS 63. Better-graded ones cost even more:
- MS 64 – $110,000 to $126,500
- MS 65 – $200,000 to $230,000
- MS 68 – $750,000 to $862,500
Proof-like 1884 S Morgan dollars appear only in MS 60 to MS 63 grade, with prices ranging from $11,000 to $72,000. Rare survived DMPL specimens cost $30,000 to $36,000 (MS 60 grade), while MS 61-ranking pieces reach $40,000 to $48,000 at auctions.
1884 Silver Dollar Grading
Since the 1884 Morgan silver dollars are 140 years old coins, the best you can do is to have them professionally evaluated. Remember that they contain 90% precious metal, meaning each piece is worth at least the price of silver regardless of condition.
The difference between MS 60 and MS 68 can be huge, so you should be careful. Basically, only professionals can determine whether you have a $50-worth coin or one that costs thousands of dollars.
Rare 1884 Silver Dollar Error List
Morgan silver dollars are well-known for numerous varieties and errors. Thanks to these variations, you can identify specific dies used in minting. Coins minted in 1884 have three VAM varieties, including:
- 1884 P VAM-3
- 1884 P VAM-4
- 1884 O VAM-6
Besides, you can find these coins with a few standard imperfections, such as:
- Off-center error
- Strike error
- Clipped coin error
- Dollar collar error
FAQ about the 1884 Silver Dollar (Morgan)
What makes 1884 silver dollars (Morgan) collectible and rare?
Despite their age, you can find 1884 silver dollars from all mints relatively effortlessly. However, those with the CC and S mint mark are rarer than coins minted in the other two mints. Besides, regular Morgans and proofs in the highest grades are considered scarce.
Which are auction records for 1884 silver dollars (Morgan)?
- In 2020, the 1884 S MS 68 Morgan – $750,000
- In 2009, the 1884 CC PR 66 Morgan (DMPL) – $184,000
- In 2013, the 1884 PR 66 Morgan – $176,250
- In 2015, the 1884 CC MS 68+ Morgan – $85,188
- In 2008, the 1884 PR 68 Morgan (DCAM) – $74,750
- In 2006, the 1884 S MS 61 Morgan (DMPL) – $69,000
- In 2022, the 1884 MS68 Morgan – $66,000
- In 2013, the 1884 PR 68 Morgan (CAM) – $32,900
- In 2005, the 1884 O MS 68 Morgan (DMPL) – $31,625
- In 2022, the 1884 O MS 66+ Morgan – $18,850
- In 2021, the 1884 MS 67 Morgan (PL) – $15,600
- In 2018, the 1884 S MS 61 Morgan (PL) – $15,000
- In 2015, the 1884 CC MS 67 Morgan (PL) – $9,988
- In 2020, the 1884 MS 65+ Morgan (DMPL) – $7,931
- In 2019, the 1884 O MS 67 Morgan (PL) – $7,800
- In 2021, the 1884 MS 61 Morgan (GSA Hoard) – $7,500
- In 2020, the 1884 S AU 55 Morgan (GSA Hoard) – $2,040
How much is the 1884 No Mint mark silver dollar (Morgan) worth?
Since 1884 Morgan dollars are old coins made of silver, you can expect them to be expensive. It is necessary to pay $30 to $60 for pieces in circulated condition, while most in the mint state come in a price range from $50 to $630.
Rare specimens in MS 67 grade cost $2,900 to $4,400, while the most expensive MS 68-ranking ones reach $35,000 to $60,000 at auctions.
What silver dollars (Morgan) are the costliest?
The most expensive Morgan dollars from regular strikes are:
- 1889 CC MS 68 Morgan (in 2013, $881,250)
- 1886 O MS 67 DMPL Morgan (in 2020, $780,000)
- 1884 S MS 68 Morgan (in 2020, $750,000)
Surprisingly, proof Morgans are less expensive, but they are still valuable. The best-valued pieces cost:
- 1893 CC PR 66 Morgan (in 2013, $323,125)
- 1883 O PR 67 Morgan (in 2013, $270,250)
- 1895 PR 67+ DCAM Morgan (in 2020, $269,500)