Coin Values Moving with Precious Metals: Up-Dated 5/27/2024: Gold $2341 | Silver $30.82

1883 Morgan Silver Dollar Value

Your 1883 Morgan silver dollar value is a minimum of $29.15 . Many are worth a premium due to collector demand often raising them far above silver bullion value.

Uncirculated 1883 Morgan Silver Dollar Value

Finding higher value in the always popular Carson City minted dollars continues with those dated 1883, have a quick look at the chart. Also, be on the look-out for the San Francisco mintmark, in higher grades its value is beginning to break away from the minimum. Refer to the image below helping find these important mintmarks.

Collecting 1883 silver dollars and including the branch mints is always important to collectors. However the nicer condition coins in this group are scarce and in the "uncirculated" grade 1883-S San Francisco dollars are very rare. Pictured to the right is an example of just such a treasure, uncirculated, lustrous as if just minted and worth well into the hundreds of dollars.

After scanning the value chart visit both sections covering mintmarks and their locations, and the images and detailed descriptions helping judge condition. Using both arrives at an accurate 1883 Morgan silver dollar value.

Mintmark Location 1883-S Morgan Silver Dollar

Mintmarks do make a difference in value. As collectors assemble sets, most include examples from each of the four mints that produced silver dollars this year. Identified by mintmarks located on the reverse just under the ribbon. Pictured is the "S" mintmark from the San Francisco mint, also possible is an "O" New Orleans and the popular "CC" indicating the Carson City mint. The Philadelphia mint did not place a mintmark on 1883 silver dollars.

1883 Morgan Silver Dollar Values
 Condition of Coin
  1883 Morgan Silver Dollar Values Updated 5/27/2024
1883 $29.15 $29.15 $32.36 $59.28
1883 CC $91 $131 $149 $235
1883 O $30.94 $32.36 $35.69 $59.28
1883 S $29.15 $33.90 $45.45 $1,109

1883 Silver Dollar Making the Grade

Both coins in the image below are valuable 1883-S Morgan dollars. However the one on the right is worth twice the other. Each the same date, both struck at the San Francisco mint, the difference is only a slight amount of wear. Looking closely and comparing the two for a minute it becomes apparent there is more detail of design on one than the other. Remarkably, this is enough detail doubling the value to a collector.

The nice collectible coin on the left grades "extremely fine" to the right and slightly nicer this coin grades "about uncirculated." Close-up as collectors see the coin, one area to examine is the leaves below the cotton blossoms. On the about uncirculated coin the leaves are fuller and give the impression of dimension when compared with flatness of the extremely fine coin. Using the same criteria examine the fine lines in the hair, the cotton blossoms themselves, even the folds in the cap.

With study there are very real differences between the two coins. Subtle differences yes, but as seen by a collector, clearly one coin is a better candidate to add to a collection. Demand and the market for rare coins have identified just how scarce some silver dollars have become in nice condition. It is apparent careful judgment of condition is necessary to accurately value 1883-S Morgan dollars.

1883-S Silver Dollar Close-Up View of Value

1883 Morgan Silver Dollar Value is Conditional

Essential to finding highest accurate coin values is determining condition. By closely examining the surface and judging the amount of wear reflects its "grade." Entries in the value chart above are listed under these grade headings. And in the case of your 1883 silver dollar, if struck at a branch mint, many subtle details have a significant role.

1883 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.

1883 Morgan Silver Dollar Extremely Fine Condition

Extremely Fine: Slight wear but still sharply defined with abundant detail remaining defines the extremely fine grade. A couple of points to examine, the hair behind the ear and the large cotton blossoms just above. Silver dollars in this condition still retail ample detail but also display evidence of minor wear. Further discussion of this pivotal grade for an 1883 dollar is found below.

Morgan Silver Dollar Fine Condition

Fine: Time in circulation has removed a moderate amount of detail on a silver dollar in "fine" condition. Large portions of hair have merged with only the deepest of lines showing. Wheat ears above the lettering of "Liberty" and the cotton blossoms just below are now just outlines. Silver dollars in fine condition give the impression of lost detail but not overly so.

Morgan Silver Dollar Good Condition

Good: Noticeable, heavy wear has reduced the entire design to just a few elements. A silver dollar with extensive wear is designated as "good" condition. Wear has removed most detail leaving Liberty as an outline in low relief. Remaining are a few and now flattened hair curls showing behind her neck and ear. In this condition your 1883 Morgan silver dollar value is tied to bullion silver price.

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