1889-O Morgan Dollar Value
A 1889-O Morgan Dollar is worth roughly $29.00 to $282 depending on its condition, and its metal content alone is worth $28.23 as of 2026-06-01 Certified examples in top grades can run far higher.
1889-O 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 1889-O Morgan Dollar worth today?
Start with $29.00 for a heavily circulated 1889-O Morgan Dollar and work upward. Lightly circulated 1889 examples occupy the middle of the range, while true gems approach $282. If your coin has no wear on the high points, it deserves a closer look or a professional opinion.
1889-O Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1889
- Mint mark
- O
- Mintage
- 11,875,000
- 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 1889 Morgan Dollar?
Flip your 1889 Morgan Dollar over and locate the "O". On the reverse, just below the wreath bow and above the letters DO in DOLLAR That single letter separates the New Orleans issue from its siblings and can move the price substantially.
What collectors pay for in a 1889-O Morgan Dollar
With 11,875,000 struck, the 1889-O Morgan Dollar is one of the more available dates of its series. Its value rests on metal content and condition rather than absolute rarity, which makes it an ideal type coin.
Beneath the numismatics of the 1889-O Morgan Dollar sits 0.7734 troy ounces of silver, $28.23 worth at today's spot price. When silver rallies, even the most common dates of this series rise with it.
Few series carry the following that supports the 1889-O Morgan Dollar. Five mints struck Morgan dollars: Philadelphia, New Orleans, San Francisco, Carson City, and, in 1921 only, Denver. A coin that thousands of collectors are actively assembling into sets never lacks for a market.
Summary: the 1889-O 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.