1883-S Morgan Dollar Value
Depending on how well it survived, a 1883-S Morgan Dollar brings anywhere from $29.00 to $282; the melt floor under every example is $28.23 (spot prices as of 2026-06-01) Exceptional, certified pieces regularly exceed the top of that range.
1883-S Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $29.00 to $38.00 |
| Very Good (VG-8) | $29.00 to $39.50 |
| Fine (F-12) | $29.00 to $41.50 |
| Very Fine (VF-20) | $30.50 to $45.00 |
| Extremely Fine (XF-40) | $35.00 to $51.00 |
| About Uncirculated (AU-50) | $42.00 to $62.00 |
| Mint State (MS-60) | $53.00 to $77.50 |
| Choice Unc (MS-63) | $72.00 to $106 |
| Gem Unc (MS-65) | $192 to $282 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
How much is a 1883-S Morgan Dollar worth today?
Figure roughly $29.00 as the realistic floor for a damage-free, well-worn 1883-S Morgan Dollar, rising steadily through the grades to about $282 for a certified gem. Cleaned or damaged coins trade below these figures, though never below the $28.23 melt floor.
1883-S Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1883
- Mint mark
- S
- Mintage
- 6,250,000
- Composition
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
- Edge
- Reeded
- Designer
- George T. Morgan
- Silver content
- 0.77344 troy oz
Mintage figure: US Mint reports (approximate).
Where is the mint mark on a 1883 Morgan Dollar?
Flip your 1883 Morgan Dollar over and locate the "S". On the reverse, just below the wreath bow and above the letters DO in DOLLAR That single letter separates the San Francisco issue from its siblings and can move the price substantially.
Why the 1883-S Morgan Dollar is worth money
The generous mintage of 6,250,000 keeps this date affordable. That availability is an asset for collectors: it is the textbook choice for owning the Morgan Dollar design without a key-date price tag.
A 1883-S Morgan Dollar is real bullion as well as a collectible: 0.7734 troy ounces of fine silver, or about $28.23 of metal value in every example, regardless of condition.
The Pittman Act of 1918 melted over 270 million pieces, reshaping the rarity of several dates overnight. For the 1883-S Morgan Dollar, the enduring popularity of the series translates directly into buyers in every grade and every market cycle.
Summary: the 1883-S Morgan Dollar is valued between $29.00 and $282 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.