1892-S Morgan Dollar Value
A 1892-S Morgan Dollar is worth roughly $53.00 to $2,470 depending on its condition, with a hard melt-value floor of $28.23 as of 2026-06-01 Exceptional, certified pieces regularly exceed the top of that range.
1892-S Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $53.00 to $77.50 |
| Very Good (VG-8) | $67.00 to $99.00 |
| Fine (F-12) | $86.50 to $127 |
| Very Fine (VF-20) | $120 to $176 |
| Extremely Fine (XF-40) | $180 to $265 |
| About Uncirculated (AU-50) | $264 to $388 |
| Mint State (MS-60) | $408 to $600 |
| Choice Unc (MS-63) | $720 to $1,059 |
| Gem Unc (MS-65) | $1,680 to $2,470 |
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 1892-S Morgan Dollar worth today?
Start with $53.00 for a heavily circulated 1892-S Morgan Dollar and work upward. Lightly circulated 1892 examples occupy the middle of the range, while true gems approach $2,470. If your coin has no wear on the high points, it deserves a closer look or a professional opinion.
1892-S Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1892
- Mint mark
- S
- Mintage
- 1,200,000
- 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 to look for the mint mark
To confirm your 1892 coin is the San Francisco issue, find the small "S". On the reverse, just below the wreath bow and above the letters DO in DOLLAR The mark is small, so tilt the coin under a light if it is not obvious.
What collectors pay for in a 1892-S Morgan Dollar
At 1,200,000 struck, this is a better date: not a legendary rarity, but clearly harder to locate than the common issues, especially with sharp detail and original surfaces.
Every 1892-S Morgan Dollar contains 0.7734 troy ounces of pure silver, currently worth $28.23. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
Few series carry the following that supports the 1892-S 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 1892-S Morgan Dollar is valued between $53.00 and $2,470 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.