1902 Morgan Silver Dollar Value Guide

The 1902 Morgan Silver Dollar is a quintessential piece of American history, representing the turn-of-the-century expansion authorized by the Bland-Allison Act. Designed by George T. Morgan, this Philadelphia-minted coin is highly collectible for its iconic profile of Lady Liberty and its connection to the silver production era of the American West.

What affects the value of 1902 Morgan Silver Dollar?

• Numerical grade and surface preservation, with values typically starting between $75 and $82 for mid-grade specimens.
• The presence of original 'mint luster' on uncirculated examples which significantly increases market demand.
• The absence of cleaning or artificial toning, as original surfaces are preferred by numismatists.
• Strike quality, specifically the sharpness of the feathers on the eagle's breast and the hair details above Liberty's ear.

How to Identify 1902 Morgan Silver Dollar?

• Verify the 90% silver and 10% copper composition, which should weigh approximately 26.73 grams.
• Look for the absence of a mint mark on the reverse above the 'DO' in 'DOLLAR' to confirm it is a Philadelphia strike.
• Examine the designer's initial 'M' located at the truncation of Liberty's neck and on the reverse left loop of the ribbon.
• Check for the distinct reeded edge and a diameter of 38.1 millimeters.

History of 1902 Morgan Silver Dollar

Designed by George T. Morgan, the Morgan Silver Dollar was minted from 1878 to 1904, and again for one final year in 1921. It was authorized by the Bland-Allison Act and represents a significant era of American expansion and silver production in the West. The 1902 Philadelphia strike is a classic representative of the turn-of-the-century coinage.