The 1898 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
The 1898 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. The New Orleans Mint used an 'O' and the San Francisco Mint an 'S”. The main mint in Philadelphia did not use a mintmark. Proof examples of Morgan Dollars from all years, including 1898, are rare which makes them expensive. 1883-CC Morgan Dollar, 1893-O Morgan Dollar, 1896-O Morgan Dollar and 1898-O Morgan Dollar 1906 Ellis Island Silver Dollar These are the most common dates that I see in these “packs” of counterfeit dollar coins.
Specifications
Type: Morgan Silver Dollar
Year: 1898
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.07
The US minted the 1898 silver dollar with no mint mark and also the 1898 O silver dollar and 1898 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
| Series | Location | Quantity Minted |
|---|---|---|
| 1898 | Philadelphia | 5,884,000 |
| 1898 O | New Orleans | 4,440,000 |
| 1898 S | San Francisco | 4,102,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.07 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.24 per ounce.
The 1898 silver dollar with no mint mark is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $190.
1898 Silver Dollar Value Chart
The 1898 O silver dollar is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $120.
The 1898 S silver dollar is worth around $45 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $275 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $1,400.
Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 735 proof coins minted.
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Grading System
1898 One Dollar Coin
Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.
Extremely fine- Liberty's hair lines and ear look strong.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
1898 Silver Dollar Worth
See also:
1898 Silver Dollar Value
1899 Silver Dollar
1897 Silver Dollar
1896 Silver Dollar