1903 Morgan Silver Dollar Value

Your 1903 Morgan silver dollar value today is $25.34 a small but welcome premium to its underlining bullion value.

Uncirculated 1903 Morgan Silver Dollar Value

1903 is one date of Morgan dollars not encountered as often as many others. Add to this the scarcity of those minted at the San Francesco and New Orleans mints and there is potential for an exciting find.

Now, as to how much your coin is worth? These are the top two considerations.

1) Identifying which of the three different mints at the time struck your coin and its impact on value. Branch mint coins identified by mintmarks are scarce and widely sought by collectors. See the image further down the page to easily locate mintmarks.

2) How well has your coin survived until today and in what condition? This alone often has the greatest effect on the value of a 1903 silver dollar. You can "grade" the condition of your coin as a collector would; compare your coin to the descriptions of condition grades below.

Discovering the true value in your silver dollar, or any coin, is a close examination of its date, mintmark and judgment of condition. 1903 silver dollars are a good example; because of their high possible value, requiring a complete examination.

Mintmark Location 1903 Morgan Silver Dollar

Scarcity and demand combine to raise the minimum value of 1903 silver dollars minted at the branch mints. These mints located in New Orleans and San Francisco, each is identified by mintmarks found on the reverse. New Orleans placed an "O" and San Francisco used an "S" just above DOL in dollar. The main mint in Philadelphia did not use a mintmark.

1903 Morgan Silver Dollar Values
 Condition of Coin
  1903 Morgan Silver Dollar Values Updated 10/5/2015
1903 $25.34 $28.53 $30.52 $48.85
1903 O $205 $216 $244 $321
1903 S $39.31 $99 $312 $2,785

Elite Quality Value of 1903 Silver Dollar

1903 Morgan silver dollars minted at the Philadelphia mint are available today in ample quantities in conditions ranging from heavily worn to uncirculated. However in the elite "Gem" condition the situation is very different as very few of these super condition coins survive. Giving a boost to value are large numbers of advanced collectors vying to add one is these top quality coins to their collection. A true; high demand-low supply situation.

Pictured is a 1903 silver dollar, rare and valuable because of its almost unique condition. It remains virtually the same as when it left the coining press. Two shades of bright original luster and well struck details are noticeably exceptional. The surfaces of the coin are free of abrasions, nearly without any marks, a very rare occurrence with silver dollars. Now add the multi-color toning along the rims and the visual appeal of the coin becomes superior.

When a gem 1903 dollar is brought to auction interest from collectors is strong. Multiple bids at a David Lawrence Rare Coin auction raised the value of elite quality to $3,100. Steady demand is pushing higher today's 1903 Morgan silver dollar value.

Rare 1903 Morgan Silver Dollar

Discover Highest 18903 Morgan Silver Dollar Value

Judging the condition of your coin is one of the subtle but important parts of placing a value. Collectors are always searching for silver dollars in top condition, they study closely the amount of wear on any given coin. In their evaluation a "grade" of its condition is assigned helping determine an accurate value. Find the closest condition-grade match to your 1903 dollar using the images. Also, highlighted just below this section on grading is the auction result of a "condition rarity" and impressive 1903 Morgan silver dollar value.

1903 Morgan Silver Dollar Uncirculated Condition

Uncirculated:  A silver dollar in the "uncirculated" grade never saw use in commerce. Your coin must not show any signs of wear and retain the look of brand new, often with natural toning that occurs to silver coins. Look for the first signs of abrasion from wear on the highest part of Liberty's cheek below the eye and the front of her chin. Wear to the surface removes the delicate texture of original mint luster leaving these areas dull.

1903 Morgan Silver Dollar Extremely Fine Condition

Extremely Fine:   As silver dollars begin to show slight wear their condition is graded as extremely fine. Noticeable within the hair above Liberty's forehead and behind her neck, flattening is evident. Wear and loss of roundness also shows atop the folds of her cap. Your coin in this condition is still very sharp and crisp.

1903 Morgan Silver Dollar Fine Condition

Fine:  Moderate wear and moderate loss of detail reduces Morgan silver dollars to the fine grade. Although wear is apparent, major design elements of her cap and hair curls remain bold and recognizable. However those original fine details are lost and replaced by flat areas.

1903 Morgan Silver Dollar Good Condition

Good:  A 1903 silver dollar in "good" condition is distinctly "flat" in appearance. The original separation of Liberty's hair and forehead has worn away. Her ear still shows, however hair above and behind is smooth and connecting to her cheek. Liberty is visible in the head band but the cotton blossoms are now lost. With the exception of branch mint issues, 1903 Morgan silver dollar value in this grade is tied to its metal content.

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Minimum Silver Value - A Good Place to Start

Many of your old US silver coin values are tied closely to the price of silver. Silver dimes, quarters, half dollars and silver dollars are all heavy with 90% silver and worth many times their face value. With today's high value of silver your old coins are becoming surprisingly valuable. Today's Minimum Silver Coin Values