1891 Morgan Silver Dollar Value Guide

The 1891 Morgan Silver Dollar is a cornerstone of American numismatics, authorized by the Bland-Allison Act to showcase George T. Morgan's iconic Lady Liberty design. While millions were originally struck, its collectibility is heightened by the fact that many were later melted down under the Pittman Act of 1918.

What Is 1891 Morgan Silver Dollar Worth?

The typical price range for 1891 Morgan Silver Dollar is $50 - $65 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• The presence of a 'CC' (Carson City) mint mark significantly increases the value compared to Philadelphia or New Orleans strikes.
• Overall strike quality and the level of preservation on Liberty's hair above the ear and the eagle's breast feathers.
• The presence of original mint luster versus signs of cleaning or heavy circulation wear.
• Surface marks or 'bag marks' acquired during storage that can lower the grade and market price.

How to Identify 1891 Morgan Silver Dollar?

• Verify the .900 silver and .100 copper composition which gives the coin a weight of 26.73 grams.
• Look for the 'CC', 'S', or 'O' mint marks on the reverse above the 'DO' in 'DOLLAR', or no mark for Philadelphia.
• Check for the designer's initial 'M' located at the truncation of Liberty's neck and on the reverse left loop of the ribbon.
• Examine the edge for a reed finish, which should be consistent and show no signs of casting seams.

History of 1891 Morgan Silver Dollar

The Morgan Silver Dollar was authorized by the Bland-Allison Act of 1878, which mandated the U.S. government purchase and coin millions of ounces of silver. Designed by George T. Morgan, the coin's classic imagery quickly made it a popular piece of American coinage. While millions were minted, subsequent acts like the Pittman Act of 1918 resulted in the melting of vast quantities, making surviving pieces, particularly those in high grades, highly sought after by collectors.