1891-S Morgan Dollar Value
A 1891-S Morgan Dollar is worth roughly $29.00 to $282 depending on its condition; the melt floor under every example is $28.23 (spot prices as of 2026-06-01) Certified examples in top grades can run far higher.
1891-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.
What is a 1891-S Morgan Dollar worth right now?
At the entry level, well-worn examples bring about $29.00. The same coin in gem uncirculated condition is a $282 coin. Grade is everything: two examples of the 1891-S Morgan Dollar can differ in price by an order of magnitude based purely on preservation.
1891-S Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1891
- Mint mark
- S
- Mintage
- 5,296,000
- 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).
Locating the mint mark on this coin
San Francisco's "S" is the letter that defines the 1891-S Morgan Dollar. On the reverse, just below the wreath bow and above the letters DO in DOLLAR On heavily circulated coins the mark wears down with everything else, so check carefully before assuming a Philadelphia strike.
The value drivers behind this coin
With 5,296,000 struck, the 1891-S 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 1891-S Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
There is history in a 1891 Morgan Dollar as well. Morgan, recruited from the Royal Mint in London, modeled Liberty on Philadelphia schoolteacher Anna Willess Williams rather than the conventional Greek profile. That backdrop keeps the series among the most actively collected in American numismatics.
Summary: the 1891-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.