1898-O Morgan Silver Dollar Value Guide

The 1898-O Morgan Silver Dollar is a prized piece of American numismatic history, produced at the historic New Orleans Mint under the Bland-Allison Act. Designed by George T. Morgan, this 90% silver coin is highly sought after by collectors for its classic imagery and the distinct 'O' mint mark.

What Is 1898-O Morgan Silver Dollar Worth?

The typical price range for 1898-O Morgan Silver Dollar is $200 - $240 based on recent sales. However, values can vary depending on the item's condition, rarity, and other factors such as:

• Numerical grade: Coins in Uncirculated (MS) condition command the highest prices, often reaching the $200-$240 range.
• Luster and eye appeal: Original mint bloom and minimal bag marks significantly enhance the market value.
• Strike quality: The New Orleans Mint is known for varying strike sharpness; a well-defined strike on the eagle's breast feathers is more valuable.
• Surface preservation: The absence of scratches, rim dings, or heavy oxidation preserves the coin's premium pricing.

How to Identify 1898-O Morgan Silver Dollar?

• Locate the 'O' mint mark on the reverse side, positioned just above the 'DO' in 'DOLLAR'.
• Verify the 90% silver and 10% copper composition, which gives the coin its specific weight and metallic ring.
• Check for the designer's initial 'M' at the truncation of Liberty's neck and on the left loop of the ribbon on the reverse.
• Examine the date '1898' on the obverse for crisp, clear numbering consistent with U.S. Mint standards.

History of 1898-O Morgan Silver Dollar

The Morgan Dollar, named after its designer George T. Morgan, was minted from 1878 to 1904 and again in 1921. It was a product of the Bland-Allison Act, which required the U.S. Treasury to purchase a certain amount of silver and coin it into dollars. The 1898-O coin was minted in New Orleans, identifiable by the 'O' mint mark.