Coin Values Moving with Precious Metals: Up-Dated 12/9/2024: Gold $2645 | Silver $31.20
1889 Morgan Silver Dollar Value
1889 Morgan silver dollar value ranges from $29.50 to $34.31 for most found today. However there are some worth considerably more.
View the image to the right, its "uncirculated" condition stands out as far better than most surviving 1889 silver dollars. Absence of wear, bright colorful toned luster and lack of contact marks sets this coin apart. As a collectible it is a rare example and the type collectors seek.
With its large silver content as a start and collector demand for the Carson City and San Francisco issues your coin has the potential for much higher value. Of the four mints that produced silver dollars in 1889, those struck at Carson City are very scarce today. Add in the huge popularity of these coins and the prices are well above average.
Your job is to judge condition and identify the mint that struck your coin. These varying degrees of wear determine condition and the value chart is specific listing different values for each. Also, mintmarks identifying the mint are valued separately. Both are covered in detail further down the page, discovering an accurate 1889 Morgan silver dollar value.
Mintmarks are an important and deciding factor in value. As collectors assemble sets, most include examples from each of the four mints that produced silver dollars this year. Mintmarks of the branch mints are along the bottom reverse above the DO in "Dollar". These include an "S" San Francisco, "O" New Orleans and "CC" Carson City mint. The main mint in Philadelphia did not place a mintmark on 1889 silver dollars.
| 1889 Morgan Silver Dollar Values | ||||
|---|---|---|---|---|
| Condition of Coin | ||||
| Date | Good | Fine | Extremely Fine | Uncirculated |
| 1889 Morgan Silver Dollar Values Updated | 12/9/2024 | |||
| 1889 | $29.50 | $34.31 | $38.21 | $60.01 |
| 1889 CC | $621 | $1,050 | $2,961 | Rare |
| 1889 O | $29.50 | $34.31 | $38.21 | $281 |
| 1889 S | $40.55 | $59.27 | $90 | $251 |
Rare 1889 Morgan Silver Dollar Value
Listed as Rare in the value chart above, it's because any "uncirculated" 1889 Carson City silver dollar trades infrequently. There is however auction records of past sales to help establish an estimated market value for this infrequently encountered condition rarity.
David Lawrence Rare Coin Auctions sold the 1889 Carson City silver dollar pictured to the right. It is a remarkable rare coin, bright and lustrous with no wear to its surfaces. Also appreciated by collectors is the lack of distracting nicks and abrasions found on the coin. To a silver dollar collector this is an important coin and opportunities to bid on one are sporadic. Of note: there are many specialists who focus only on Carson City issues. Therefore this coin enjoys a wide range of popularity.
Now combine today's Morgan silver dollar popularity, with the rarity of this 1889-CC dollar and the result was bidding at the David Lawrence auction reached $29,500. Your 1889 Morgan silver dollar value rises quickly once determined it's a rare mint marked issue and especially when accurately graded.
Find Value with a Close Inspection
Condition makes a huge difference, and here is where you can find added value. Follow along with the images and descriptions as a Morgan dollar begins to wear from freshly minted "Uncirculated" condition, to a very worn example in "Good" condition. By judging the different stages of wear, a "Grade" is determined. The greater the detail remaining on your coin, the greater your 1889 Morgan silver dollar value.
Uncirculated: A silver dollar in "uncirculated" condition has never circulated through commerce, thus no wear has occurred to its surfaces. Your coin should exhibit a "like new" luster. Wear dulls this luster and affects the high points of Liberty's check, temple and hair. On the reverse the breast feathers and head of the eagle are subject to initial wear. If the luster is complete on both sides it assures the coin is uncirculated. Note: A rare auction record and value of the scare 1889-CC dollar is detailed below.
Extremely Fine: Slight but obvious removal of design and metal defines a worn silver dollar in "extremely fine" condition. Mint luster is now gone from the large exposed areas, the field in front of Liberty and her face. Small details in her hair are now missing, most noticeable above her forehead and behind her neck. Also the folds in the cap show wear on the highest parts, the result of use and handling. This is a nice coin, and if yours is the San Francisco or Carson City issue, solid 1889 Morgan silver dollar value.
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.
Good: Your 1889 silver dollar in "good" condition is well worn with most of the metal forming the high reliefs of design removed. Liberty's cheek and forehead have blended into one connecting with her hair and cap. The rim is almost gone, however the stars and lettering remain separate of the rim. Giving your coin character, some detail remains, large curls of hair behind the neck and a full "Liberty" in her coronet.
Coin Values | CoinStudy Articles
Date by Date
In Depth Morgan Silver Dollar Value
1878 to 1921
Morgan Silver Dollar Values | Popular and Valuable
Every collector admires these large silver coins, every collector wants one. Their popularity is immense. Worth over $28.47 each because of silver content alone. Check your coins with the grading images and value charts. Find a rare date, mintmark or a better condition coin and Morgan silver dollar values start climbing.
Silver Dollar Values | Charts Covering Years 1794-1935
Including more relating to your 1989 Morgan silver dollar value. These early dollars are becoming valuable. Easily find how much your old coins are worth.
Covering Bust Dollars beginning in 1794 next Seated dollars through Morgan and the last of the Peace silver dollars. All include value charts, alongside grading images to find the accurate value of your old dollars.
★Coin Values Discovery finds... 1889 Morgan Silver Dollar Value and...
It is an excellent index with images and text links to all coin series, from Cents to Gold. Value charts, grading images and descriptions uncovers the common to rare coin values found in your box of old coins.
Preparing to Sell Silver Coins
Silver dollars, the Morgan and Peace series, are in demand by dealers. These old coins are very liquid in the coin collecting market. There are always buyers interested in purchasing your coins. Receive the highest price by separating the collectable from the bullion priced pieces. For more info see the Sell Silver Coins article.