1902 Silver Dollar Value Checker: Errors List, “O”, “S” & No Mint Mark Worth

1902 Silver Dollar value ranges from $1.00 face value to $99,875. That record belongs to an MS-67+ graded example sold at Legend Rare Coin Auctions in October 2015, just a hair under six figures. Upload your coin photo below and find out what yours could be worth with a quick value range. Then scroll down to check what recent buyers are actually paying for 1902 Silver Dollars on eBay right now.

 

1902 Silver Dollar Value By Variety

Every 1902 Morgan Dollar carries a mint mark — or no mint mark at all — that immediately separates it from the others. Surface quality matters too. Proof-Like and Deep Mirror Proof-Like coins sit in their own pricing tier entirely.

The table below covers all major varieties. If you already know your coin’s grade, jump to the Value Guides section for exact pricing.

Also Read: Top 100 Rarest Silver Dollar Coins Worth Money (Most Expensive)

 

Top 10 Most Valuable 1902 Silver Dollar Worth Money

The king of 1902 Morgans is a San Francisco coin. A 1902-S graded MS67 brought $99,875 in 2015 — the highest price any coin from this year has ever fetched. The S-mint had the lowest mintage of the three, and finding one that clean is almost unheard of. Everything had to go right for that coin to survive 113 years in that condition.

Proofs tell their own story. A PR68 realized $53,500 at David Lawrence in June 2019, from an original mintage of just 777 pieces. The CAM Proof — frosted devices against a mirror field — hit $34,075. Only about 5 CAM examples are known, so any appearance at auction draws serious attention.

Even the New Orleans mint surprised. A 1902-O graded MS67 sold for $33,600 in 2020. That’s remarkable for a coin with a mintage over 8.6 million.

The pattern across all these results is simple: grade is everything. One or two points higher on the Sheldon scale can mean tens of thousands of dollars.

 

History Of The 1902 Silver Dollar

By 1902, the Morgan Dollar had been in production for 24 years. Congress had mandated that all remaining silver bullion from the Sherman Silver Purchase Act be coined into dollars. When those reserves ran dry in 1904, Morgan Dollar production stopped. The 1902 issue came near the tail end of that legislated run.

Here’s a fun detail: 1902 was the year the old Philadelphia Mint building was sold and demolished. The facility on Spring Garden Street had opened in 1901, and the 1902 dollars were among the first struck entirely in the new building.

Mint State 1902 Morgans were tough to find before the 1930s. Treasury bag releases in the 1940s and 1950s put more into collector hands, but government meltings over the decades wiped out huge numbers. High-grade survivors are genuinely scarce today.

Also Read: Top 100 Most Valuable Morgan Silver Dollar Coins Worth Money List

 

Is Your 1902 Silver Dollar Rare?

The chart above might surprise you. The 1902-O had the highest mintage, yet top-grade examples are harder to find than the Philadelphia issue — blame the weak strikes New Orleans was known for. Meanwhile, the Proof has an 82% survival rate, which sounds high until you realize only 777 were made. And the CAM? Just 5 known. That’s a completely different kind of rare. For a closer look at where your specific coin falls, the Coin Identifier and Value App lets you check rarity alongside current market data.

 

Key Features Of The 1902 Silver Dollar

The 1902 Silver Dollar uses the same George T. Morgan design from 1878. Knowing what to look for on each side helps you grade accurately, spot varieties, and understand what buyers care about.

The Obverse Of The 1902 Silver Dollar

Miss Liberty faces left, her hair tucked into a Phrygian cap with “LIBERTY” on the band. Cotton and wheat sit above the ribbon — a nod to North-South reconciliation after the Civil War. Thirteen stars ring the design along with the date and “E PLURIBUS UNUM.” Look at the base of Liberty’s neck for a tiny “M” — that’s Morgan’s initial.

Morgan wanted something different from the usual Greco-Roman look. He modeled Liberty after Anna Willess Williams, a Philadelphia schoolteacher. She sat for five sessions, and her identity stayed secret for years after the coin went into production.

The Reverse Of The 1902 Silver Dollar

Flip it over and you’ll see a spread-winged eagle clutching an olive branch and three arrows. “IN GOD WE TRUST” appears in Old English lettering above the eagle. “UNITED STATES OF AMERICA” and “ONE DOLLAR” wrap around the border.

A laurel wreath frames the lower half. Look just below the wreath, above the “DO” in “DOLLAR” — that’s where the mint mark sits. No mark means Philadelphia. An “O” means New Orleans. An “S” means San Francisco.

Other Features Of The 1902 Silver Dollar

The coin is 90% silver and 10% copper, 38.1 mm in diameter, and weighs 26.73 grams. Thickness is 2.8 mm with a reeded edge. That composition gives you 0.7735 troy ounces of silver, which sets the melt value — the absolute floor for any 1902 Morgan regardless of grade.

The reeded edge doubles as a security feature. Any deviation in weight, diameter, or edge pattern is a red flag for a fake. Collectors and graders check these specs routinely when authenticating.

Also Read: Top 80+ Most Valuable Sacagawea Dollar Worth Money (2000-P to Present)

 

1902 Silver Dollar Mintage & Survival Data

Philadelphia struck 7,994,000, New Orleans made 8,636,000, and San Francisco produced just 1,530,000. That S-mint number is barely a fifth of what New Orleans put out. The 1902-S is a semi-key date, and there’s sometimes a waiting list of collectors trying to buy one.

All three circulation issues share roughly a 10% survival rate. The Pittman Act of 1918 sent millions of Morgans to the melting pot. Think about it — for every coin that survived, nine didn’t.

The Proof picture is completely different. Only 777 were struck, all at Philadelphia, and about 640 survive — over 82%. But starting in 1902, the Mint polished both devices and fields on Proofs, which killed the cameo contrast. Only 1 to 2% of surviving Proofs show any frost at all. That’s why the CAM survival count is just 5 from that same 777 mintage. Five coins. That’s it.

Also Read: Top 40+ Most Valuable Presidential Dollar Coins Worth Money

 

The Easy Way to Know Your 1902 Silver Dollar Value

Three things drive value: mint mark, grade, and variety. Start by checking the reverse below the wreath — “S” means San Francisco, “O” means New Orleans, no mark means Philadelphia. Each carries different pricing.

Next, check condition. Look at the high points — Liberty’s cheek and hair above the ear on the obverse, the eagle’s breast feathers on the reverse. Less wear means a higher grade and more money.

Want a faster answer? The Coin Identifier and Value App lets you snap a photo and get an instant AI-powered estimate.

 

1902 Silver Dollar Value Guides

The 1902 Silver Dollar was struck at three mints, plus Proof and CAM varieties. Mint mark and grade move prices the most.

Here is a quick overview of each:

• 1902 No Mint Mark Silver Dollar — readily available across most grades, with no major attributed varieties.
• 1902-O Silver Dollar — worth around $90 in average condition, with higher Uncirculated grades commanding more.
• 1902-S Silver Dollar — significantly more expensive in all grades; considered a semi-key date in the series.
• 1902 Proof Silver Dollar — rare and expensive, sought after by collectors across all years of the Morgan series.
• 1902 CAM Silver Dollar — cameo contrast is exceptionally rare for this date, appearing on only 1 to 2% of surviving Proof coins.

A circulated example and a gem Mint State coin of the same variety can differ by thousands. The S-mint widens that gap even further given how few survive in high grades. Proof and CAM coins operate on a separate scale — even a one-point grade bump can mean a big jump in price.

 

1902 No Mint Mark Silver Dollar Value

Here’s something variety collectors look for: the 1902 Philadelphia dollar was the first issue to use the C-4 reverse hub on all dies. The older C-3 was gone. You can spot the difference by the wider gap between the eagle’s neck and wing.

That new hub also affected strike quality. Most surviving uncirculated examples show satiny luster rather than frosty, and strike sharpness varies a lot. Cherrypicking for a well-struck piece is worth your time.

Pricing stays accessible through mid-grades. Good condition starts at $82, and a typical MS example runs about $370. The top end is where it gets interesting — MS66 coins are quite scarce, and MS67s are genuinely rare. One MS67+ sold for $28,800 in 2025.

Here’s the complete auction history so you can track how buyers have valued this issue over time.

The past year’s market activity shows where demand stands right now.

 

1902-O Silver Dollar Value

Don’t assume “common” means “cheap at every grade.” A massive Treasury bag release in 1962 and 1963 flooded the market with Mint State 1902-O dollars, which is why MS63 and MS64 examples are still affordable today.

The catch? Strike quality is usually poor. Flat centers, especially on the reverse, are the norm. A well-struck, lustrous example takes real patience to find — and commands a premium when one shows up.

That quality gap explains the price explosion at the top. Only around 100 examples have been graded MS67, and one sold for $33,600 at auction in 2020. For this date, a sharp strike isn’t just nice to have. It’s genuinely rare.

Below are the highest confirmed auction prices for the 1902-O issue.

Recent market activity over the past year shows steady collector interest.

 

1902-S Silver Dollar Value

$99,875. That’s what the top 1902-S brought at auction in 2015 — the most expensive 1902 Morgan Dollar ever sold. This is a semi-key date with consistent demand, and I think it’s one of the better values in the series for collectors building a quality set.

Even in circulated grades, the 1902-S commands a real premium over the other two mints. The starting point is just higher. Above MS64, the coin gets especially scarce. Most examples saw heavy use, so high-grade survivors aren’t just statistically uncommon — they’re genuinely hard to find.

At MS66 and above, you’re looking at serious money. MS67 specimens generally range from $75,000 to $225,000 on the open market.

The full auction history below traces every documented sale of this semi-key date.

This chart shows whether collector interest has been heating up or cooling down recently.

 

1902 Proof Silver Dollar Value

1902 was the year the Mint changed everything about how Proofs looked. They started polishing the devices along with the fields, which killed the cameo contrast that had appeared on 20–30% of earlier Proof Morgans. The result is a uniformly brilliant, mirror-like surface — beautiful, but distinctly different from what came before.

Any 1902 Proof with even a hint of cameo contrast and good eye appeal is considered a prize. We think these are underappreciated compared to earlier-date Proofs.

A PR63 runs about $3,950. The ceiling is the $53,500 paid for a PR68 at David Lawrence in June 2019. For most collectors, PR64 and PR65 hit the sweet spot — rare enough to matter, attainable enough to actually buy.

Here are the top auction results for this Proof issue.

The chart below tracks market activity over the past twelve months.

 

1902 CAM Silver Dollar Value

Five coins. That’s the estimated total of surviving 1902 CAM Proofs. The Mint’s new polishing practice was supposed to make every Proof uniformly brilliant, but a handful escaped with frosted devices anyway. Pure accident.

That accident is now worth serious money. The auction record is $34,075 for a PR66CAM sold at Legend Rare Coin Auctions in January 2022. With only 5 known from the original 777 Proof mintage, this is one of the thinnest populations in the entire Morgan Proof series.

Grade almost doesn’t matter here. It’s about availability. When one surfaces, it sells.

Below are the historical auction records across different grades.

This chart shows market trends and activity over the past twelve months.

Also Read: 17 Rare Dollar Coin Errors List with Pictures (By Year)

 

Rare 1902 Silver Dollar Error List

Error coins from 1902 are scarce. Most mistakes were caught at the Mint and melted before they ever left the building. The few that slipped through are documented, cataloged, and actively hunted by collectors.

1. 1902 Doubled Ear Error

This is the big one for 1902. It’s a confirmed Top 100 VAM variety — the catalog maintained by Leroy C. Van Allen and A. George Mallis covering all Morgan and Peace Dollar die variations.

Here’s what happened: Morgan Dollar dies were made with multiple hub blows. A slight shift between blows left a ghost impression in the die steel. On VAM 4, that shift shows up clearly on Liberty’s ear. Stronger examples also show doubling on her profile, nose, lips, and chin.

Grab a 10x loupe and look at the ear first. A clearly defined secondary inner ear is your best diagnostic. The doubling also shows on some reverse details including the olive and arrow feathers.

The 1902-O has its own Doubled Ear varieties on the Hit List (a tier below the Top 100). The Philadelphia VAM 4 is the most valuable of the group. MS63 examples trade around $1,100–$1,200, and MS65 coins reach $1,850–$3,700.

2. 1902-O Repunched Mint Mark Error

This one has history. Collector Del Ford first spotted it in 1966, and it made it into the very first Van Allen and Mallis reference book.

Back then, mint marks were hand-punched into each working die. Multiple hammer blows were needed to sink the letter to full depth. The bigger the mint mark, the more blows — and the more chances for misalignment. On this variety, the repunching is dramatic enough to see without magnification on strong examples.

Look for a secondary die gouge at the top edge of Liberty’s coronet. That’s your confirmation marker when the repunching alone isn’t totally clear.

You can still find unattributed examples with patience. Slabbed, attributed pieces sell at modest premiums, making this one of the more accessible documented varieties in the 1902 series. Good cherrypicking opportunity.

3. 1902 Clashed Dies Error

A die clash happens when the press fires without a planchet between the dies. The obverse and reverse slam into each other, transferring reversed ghost impressions onto both dies. Every coin struck afterward carries those marks until the dies get repaired or pulled.

Clash marks on Morgans used to be dismissed as common. Not anymore. Coins with clashed letter transfers — like letters from “In God We Trust,” the “M” initial, or clashed mint marks — are actively collected by VAM and error enthusiasts.

On 1902 coins, check Liberty’s neck hollow for a reversed “E” from the reverse lettering. Also examine the eagle’s wing area for transferred profile lines from the obverse. Both Philadelphia and New Orleans issues show clash marks.

Strong examples are worth hunting for. Dies were usually re-polished or retired quickly after a clash, so not many coins got struck from damaged dies.

4. 1902 Struck-Through Error

A struck-through happens when something — a staple, thread, metal shaving, grease — lands between the die and planchet at the moment of striking. Part of the design doesn’t transfer properly.

Hard objects leave sharp impressions. Soft materials like thread or grease create weak, flat areas that you might mistake for a bad strike. The difference matters for attribution and value.

These are rare on 1902 coins. Value depends on how dramatic and visible the impression is, and whether it hits a prime focal point like Liberty’s face or the eagle’s breast.

 

Where To Sell Your 1902 Silver Dollar?

Now that you understand your 1902 Morgan Silver Dollar’s potential value, choosing the right selling platform becomes your next priority. Each marketplace offers distinct advantages depending on your coin’s condition and rarity.

Check out now: Best Places To Sell Coins Online (Pros & Cons)  

 

1902 Silver Dollar Market Trend

*Market Trend Chart showing the number of people paying attention to this coin.

 

FAQ About The 1902 Silver Dollar

1. How much is a 1902 Silver Dollar worth?

It depends on the mint mark and condition. A 1902 No Mint Mark coin in Good grade starts at $82, while an MS example runs around $370. The 1902-S is the most valuable circulation issue, with MS67 examples ranging from $75,000 to over $99,000 at auction.

Proof and CAM varieties are a different world. A PR63 Proof runs around $3,950, and the CAM auction record is $34,075 for a PR66CAM sold in January 2022.

2. Where is the mint mark on a 1902 Silver Dollar?

On the reverse, just below the wreath ribbon, above the “DO” in “DOLLAR.” An “O” means New Orleans, “S” means San Francisco, no mark means Philadelphia. Check under magnification — worn coins can make the mark hard to read.

3. How do I know if my 1902 Silver Dollar is real?

A genuine 1902 Morgan Dollar weighs 26.73 grams, measures 38.1 mm across, and has a reeded edge. It’s 90% silver, so it won’t stick to a magnet. That’s your quick first test.

For higher-value coins, watch out for the “Micro O” counterfeits PCGS identified in 2005. These fakes share die markers across the 1896-O, 1900-O, and 1902-O dates. Professional grading by PCGS or NGC is strongly recommended for anything you plan to buy or sell above melt value.

4. What is a 1902-S Silver Dollar worth?

The 1902-S commands a premium at every grade. Good condition starts around $72, Fine runs about $188. At MS65, prices reach approximately $2,500. The auction record is $99,875 for an MS67 sold in 2015 — the highest price ever for any 1902 Morgan.

Above MS64 the coin gets especially scarce. Most were heavily circulated, so high-grade survivors are hard to come by.

5. What does the “O” or “S” mint mark mean on a 1902 Silver Dollar?

“O” means New Orleans. “S” means San Francisco. Philadelphia used no mint mark. The S-mint had the lowest output at 1,530,000 — compared to 7,994,000 from Philadelphia and 8,636,000 from New Orleans. That’s directly why the 1902-S costs more at every grade.

6. How many 1902 Silver Dollars still exist today?

About 10% of each circulation issue survived, thanks to Pittman Act meltings in 1918. That works out to roughly 799,000 No Mint Mark, 864,000 O-mint, and 153,000 S-mint coins.

Proofs did much better — about 640 survive from 777 struck, an 82%+ survival rate. The CAM variety? Only about 5 known.

7. Is the 1902 Proof Silver Dollar worth collecting?

Absolutely. Only 777 were struck, and 1902 marks the first year the Mint polished both devices and fields, eliminating cameo contrast. The result is a uniformly brilliant mirror surface.

PR64 and PR65 are the sweet spot for most buyers. The ceiling is $53,500 for a PR68 sold at David Lawrence Rare Coins in June 2019.

8. What is the 1902 Doubled Ear error and how do I spot it?

It’s VAM 4, a Top 100 variety. A slight shift between hub blows during die preparation left doubled impressions on Liberty’s ear, profile, nose, and lips.

Use a 10x loupe. Look at the ear — a clearly defined secondary inner ear is the key diagnostic. MS63 examples trade around $1,100–$1,200, while MS65 coins reach $1,850–$2,000. The 1902-O has its own Doubled Ear varieties on the Hit List.

9. Does cleaning a 1902 Silver Dollar affect its value?

Hugely. A cleaned coin gets a “Details” or “Cleaned” designation from PCGS or NGC instead of a straight numeric grade. That can cut value by 50% or more compared to an original example at the same grade level.

Never wipe, polish, or dip a coin you think might be valuable. Even a soft cloth leaves microscopic scratches that trained graders will catch.

10. What is the most valuable 1902 Silver Dollar ever sold?

A 1902-S graded MS67 brought $99,875 in 2015. Among Proofs, a PR68 sold for $53,500 at David Lawrence Rare Coins in June 2019. The CAM record is $34,075 for a PR66CAM at Legend Rare Coin Auctions in January 2022.