1889 Morgan Dollar Value
A 1889 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.
Public domain image (struck or printed before 1926). Click to enlarge.
1889 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 Morgan Dollar worth today?
Start with $29.00 for a heavily circulated 1889 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 Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1889
- Mint mark
- None (Philadelphia)
- Mintage
- 21,726,000
- 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).
Why this coin has no mint mark
The 1889 Morgan Dollar was struck at the Philadelphia Mint, which used no mint mark in this era. If you find no letter where branch-mint coins carry one (On the reverse, just below the wreath bow and above the letters DO in DOLLAR), you are holding a Philadelphia issue.
What collectors pay for in a 1889 Morgan Dollar
With 21,726,000 struck, the 1889 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.
The 90% silver composition gives a 1889 Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
Few series carry the following that supports the 1889 Morgan Dollar. For collectors today, the series is a study in mint marks and condition: a common 1921 in worn grades trades near its silver melt value, while key dates in Mint State command five and six figures. A coin that thousands of collectors are actively assembling into sets never lacks for a market.
1889 Morgan Dollar inscriptions & design
Obverse
******* E.PLURIBUS.UNUM ****** 1889
Liberty, head l.
Reverse
UNITED STATES OF AMERICA/* ONE DOLLAR *
eagle standing. on arrows and laurel sprig., within wreath. motto above
Measured 1889 Morgan Dollar specimens
3 physically measured 1889 Morgan Dollar examples in our reference database. Real measured weights and die axes let you authenticate a coin against the 26.73 g, 38.1 mm minting standard.
| Specimen | Weight | Diameter | Die axis | References |
|---|---|---|---|---|
| 1889 Morgan Dollar #1 | - | - | - | Breen.5605 |
| 1889 Morgan Dollar #2 | - | - | - | Breen.5606 |
| 1889 Morgan Dollar #3 | - | 38 mm | - | Breen.5605 |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1889 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.