1900 Morgan Silver Dollar Value: How Much is it Worth Today?
In this guide on the 1900 morgan silver dollar value, you will not only learn how to evaluate the prices of these coins depending on their many characteristics. We will also tell you about its history, design, and other features that make this coin a valuable object for coin collectors.
As a result, it is a coin that is still widely available on the market and is a good choice if you want to start a coin collection. Even uncirculated coins cost less than $60 for the most basic coins.
The Morgan dollar was minted in several mints and in various amounts, so its value will be heavily influenced by where it comes from.
Ready to understand the basics of the 1900 Morgan dollar? Let us begin!
1900 Morgan Silver Dollar Value Chart
|Quality||1900 No Mint Mark Morgan Silver Dollar Value||1900 New Orleans (O) Morgan Silver Dollar Value||1900 San Francisco (S) Morgan Silver Dollar Value|
|Good||$ 32 to $36||—||—|
|Very Good||$37 to $42||—||—|
|Extremely Fine||$45 to $57||$50 to $96||$80 to $750|
|Uncirculated||$60||$96 to $265||$750 to $1,650|
|MS 63||$96||$265 to $1,150||$1,650 to $8,500|
|MS 65||$265||$1,150 to $8,250||$8,550 to $30,000|
|MS 67||$5,000||$3,270 to $7,000||$45,000|
The Bland-Allison Act was passed in 1878, requiring the government to purchase several million pieces of silver and convert them into coins. A group of American miners advocated for this law in order to artificially stabilize the price of silver.
The director of the mint, Henry Linderman, was already looking to renew several designs, including the silver dollar. He traveled to England specifically to meet with CW Fremantle, Assistant Director of the Royal Mint, whom he asked to recommend a top engraver.
George T. Morgan was hired in this manner to design the one-dollar coin. He traveled to the United States and enrolled in special coin commissioning courses at the school of fine arts.
He studied the anatomy and shape of the American bald eagle before designing the reverse.
This coin was produced by a number of mints throughout the country. The Philadelphia Mint serves as the headquarters and produces coins without a mint mark. There are also Denver (with mintmark D), San Francisco (with mintmark S), New Orleans (with mintmark O), and Carson City world houses (with mintmark CC).
This coin was minted again in 1921 since the design of the peace dollar was not ready and for a whole year, the morgan dollars returned to circulation. The coin was minted again in 2021.
1900 No Mint Mark (Philadelphia) Morgan Silver Dollar Value
Morgan dollars were first minted in 1878 and were produced continuously until 1904. They were then reissued for a few years, and a commemorative version was released to mark the coin’s anniversary.
Morgan dollars are named after the coin’s designer, George T. Morgan. Morgan dollars were minted at a number of mints during their production years.
In contrast, the 1900 coin was struck in Philadelphia, New Orleans, and San Francisco. The year 1900 was notable for producing the greatest number of coins in ten years.
Because of this, Philadelphia-minted coins are common today, but they are old enough to be valuable in well-preserved specimens.
The Philadelphia mint produced 8,830,000 coins, but it was not the largest contributor to total coin production.
Normally, Philadelphia mints the most coins in each series because it is the main house, but New Orleans produced more than 12 million coins in 1900, accounting for the majority of production.
Philadelphia coins are also known as No Mint Mark coins because there is no symbol or letter as a mint mark.
The obverse and reverse were designed by George Morgan, an Englishman who came to the United States specifically to design the one-dollar coin at the request of the mint director at the time.
Lady Liberty is depicted on the coin wearing a Phrygian hat, which is commonly used to represent freedom on banknotes, coins, and country shields.
The origin of this hat is from Eastern Europe, specifically the Balkan region, but slaves who were freed in the Roman Empire wore a very similar hat, so the Phrygian hat was related to the hats slaves wore to announce their freedom.
The hat is adorned with leaves on one side and the word LIBERTY on the headband. When the true identity of the model who posed for the coin was revealed, the image of Lady Liberty sparked widespread public interest.
Her name was Anna Willess Williams, and she had previously modeled for a friend of Morgan’s who was an artist.
Morgan’s goal was to break away from the Greek aesthetic and outline a more American face. All of the public attention appears to have caused the model several problems in her personal life, but most critics agree that the image has one of the most perfect profiles.
The phrase E PLURIBUS UNUM can be found on the coin’s upper edge. It’s a Latin phrase that translates to “One of many.” This motto refers to the establishment of the United States of America. A single nation emerged, as did many states.
On the lower edge, 13 stars represent the first 13 states that formed the American nation. The date 1900 is also on the bottom of the coin, just below Lady Liberty’s bust.
On the reverse of the coin, the protagonist is a typical American bald eagle. It’s an eagle with wings that reach almost to the edge of the coin.
The eagle rests its claw on an olive branch while holding a set of arrows in the other claw. The olive branch represents peace, while the arrows represent strength and military power.
This is a common symbol on American coins, which attempt to convey that the country is peaceful but capable of responding to any provocation.
Around the eagle, there is a crown of leaves, and in the upper part of the coin, just above the eagle, the phrase IN GOD WE TRUST is read in atypical Gothic typography.
The words UNITED STATES OF AMERICA appear on the coin’s upper edge, and ONE DOLLAR appears on the coin’s lower edge. The words on the coin’s edge are separated by two stars.
These coins also have a serrated edge, which helps to reduce coin minting errors and keeps them from scratching the coin’s contours.
Remember that these coins were 90% silver and 10% copper, so many people kept them or used them as non-depreciating savings.
In 1900, Philadelphia minted nearly 9 million coins, but it was not the largest contributor to production. This time it was New Orleans, which had a population of more than 12 million people.
As a result, Philadelphia coins are slightly more expensive than New Orleans coins. A coin in good condition that has been in circulation can be found for $30.
If you’re lucky, you might be able to find uncirculated copies for less than $100. As the degree of conservation increases, the value of this coin more than doubles.
You can see how much of a difference there is by comparing a coin in MS 65 condition at $265 to a coin in MS 67 quality at $21,500.
This is because there are very few specimens preserved in the highest quality and that makes them highly desirable and sought after by collectors.
There are also proof coins and deep mirror proof coins that are some of the most expensive there are and that we will see in detail later.
1900 New Orleans (O) Morgan Silver Dollar Value
The year 1900 was unusual for the production of the silver dollar because the Philadelphia mint usually bears the greatest burden of coin production. However, New Orleans produced more than 12 million coins that year, making the coins of this house the most plentiful on the market.
However, the price of New Orleans and Philadelphia coins in circulation or uncirculated lower states is nearly the same. However, once the coins pass MS 65 grade, the price will be determined by the auction and those who are interested, but it is almost certain that a single specimen will be worth thousands of dollars.
You can recognize New Orleans coins by looking for the mint mark. New Orleans uses the letter O to identify its coins. You can find the mintmark on the reverse of the coin, just below the crown of leaves, between the letter D and O of the word DOLLAR.
You can find coins that have been in circulation but are in excellent condition for between $50 and $100. In low qualities such as MS 60 or MS 62, coins that have not been in circulation can be worth up to $300.
An MS 65 quality coin is worth up to $1,200, while an MS 67 gem quality coin is worth up to $15,000.
1900 San Francisco (S) Morgan Silver Dollar Value
In 1900, the San Francisco Mint contributed 3.5 million coins. It is the mint with the lowest production, which drives up the price of this coin and distinguishes it from coins from New Orleans or Philadelphia.
San Francisco’s mintmark was the letter “S.” It’s on the reverse of the coin, just below the crown of leaves and between the letters D and O in the word DOLLAR.
This coin is extremely rare. If you want to get one of these for your collection, you should have some money saved up because they can be quite expensive.
A copy that has been in circulation but is in excellent condition can cost anywhere from $80 for the most deteriorated versions to $750 for those in extra fine condition.
If you want to get a copy that hasn’t been in circulation, you’ll have to spend at least $1200, and the prices only skyrocket from there.
One of these MS 67 grade coins is estimated to be worth around $45,000 USD.
1900 Proof Morgan Silver Dollar Value
In 1900, less than 1,000 proof coins were minted, and these coins came in three different varieties. Regular prefab coins, cameo coins, and deep cameo coins were all available.
Cameo and peed cameo coins have a reflective field with a satin finish on the coin. These coins were created specifically for collectors, and their prices are significantly higher than regular coins.
A regular proof coin is worth 850 dollars, while deep cameo coins are worth 20,000 dollars each. The most expensive copy in MS 68 quality is thought to have sold for $100,000.
1900 Morgan Silver Dollar Grading
Knowing the different states of conservation and their value is essential to know the real price of the coins. That is why we leave you a video with a review of the concepts that you should keep in mind when reviewing a 1900 dollar.
Rare 1900 Morgan Silver Dollar Error List
There are two of the best-known and best-recorded errors of the 1900 dollar.
1900 Morgan Dollar Error O/CC above Mintmark
Since thousands of coins have been recorded with this flaw, this error remains a mystery. The letters CC are slightly visible at the O mintmark in this error.
This error was caused by the New Orleans factory, as well as some Carson City coins that had the letters CC slipped into their dies.
This coin costs $285 in its least cared-for version and more than $40,000 in high gem grade coins.
1900 Morgan Dollar Error Double Reverse Die
This is a very common error that occurs every time the coin is struck, but it has shifted slightly off-center. Duplicates of the image or letters appear in the contours as a result.
This is a common error, and you can find a piece in circulation for $30, while the highest quality ones can cost up to $250.
1900 Morgan Silver Dollar FAQ
Is a 1900 dollar coin worth anything?
Yes, Morgan Silver dollars are very valuable. Those that have been in circulation but remain in good condition can be worth 30 dollars. Pieces that have not been in circulation or are in gem condition are worth thousands of dollars.
How rare is a 1900 silver dollar?
The rarest coin in this collection is the coin that was made in San Francisco since they only made 3 and a half million coins. One of these copies can cost from 50 dollars. And the most expensive copies amount to 45 thousand dollars.