1898-O Morgan Silver Dollar Value Guide

The 1898-O Morgan Silver Dollar is a premier example of late 19th-century American coinage, produced at the historic New Orleans Mint under the Bland-Allison Act. Designed by George T. Morgan, this 90% silver piece is highly sought after by collectors for its classic aesthetic and its connection to the silver-rich era of the U.S. Treasury.

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 from services like PCGS or NGC, with uncirculated specimens commanding the $200-$240 range.
• Presence of original 'mint luster' which significantly enhances eye appeal and market price.
• Surface preservation, specifically the absence of bag marks or scratches on Liberty's cheek.
• The sharpness of the strike, particularly on the eagle's breast feathers and the hair above Liberty's ear.

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 composition is 90% silver and 10% copper with a diameter of 38.1mm.
• Check for the designer's initial 'M' at the base 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 without signs of over-striking.

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.