1898 Morgan Silver Dollar Value Guide

1886 $1 Morgan Silver Dollar Us Mint Coin | eBay — 1898 Morgan Silver Dollar

Estimated Value

$45 – $50

Period: 1898
Origin: United States
Materials: 90% Silver, 10% Copper
Category: Morgan silver dollar

The 1898 Morgan Silver Dollar is a cornerstone of American numismatics, minted under the Bland-Allison Act using 90% silver and 10% copper. This specific year is highly collectible for its classic George T. Morgan design, which famously used Philadelphia teacher Anna Willess Williams as the model for Lady Liberty.

What Is 1898 Morgan Silver Dollar Worth?

The typical price range for 1898 Morgan Silver Dollar is $45 - $50 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

The presence of a mint mark, as Philadelphia (no mark), New Orleans (O), and San Francisco (S) issues have varying scarcity.
Overall strike quality and the amount of original luster remaining on the coin's surface.
The current market price of silver bullion, which provides a baseline 'melt value' for the 0.7734 troy ounces of silver contained.
Surface preservation, specifically the absence of 'bag marks' or scratches from circulation that can lower the grade below the $45-$50 range.

How to Identify 1898 Morgan Silver Dollar?

Verify the 90% silver and 10% copper composition, which gives the coin a distinct metallic ring when handled.
Look for the '1898' date centered at the bottom of the obverse side below Lady Liberty's profile.
Check for mint marks (O for New Orleans or S for San Francisco) or the absence of a mark for Philadelphia above the 'DO' in 'DOLLAR' on the reverse.
Examine the fine details in the hair above Liberty's ear and the feathers on the eagle's breast to ensure they haven't been smoothed by heavy wear.

History of 1898 Morgan Silver Dollar

Designed by United States Mint Assistant Engraver George T. Morgan, this iconic silver dollar was minted from 1878 to 1904, and again in 1921. The model for Lady Liberty was Anna Willess Williams, a teacher from Philadelphia. These coins were produced as a result of the Bland-Allison Act, which required the Treasury to purchase millions of dollars worth of silver each month to be coined into dollars.