1892 Morgan Dollar Value
A 1892 Morgan Dollar is worth roughly $53.00 to $2,470 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.
1892 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.
What is a 1892 Morgan Dollar worth right now?
Figure roughly $53.00 as the realistic floor for a damage-free, well-worn 1892 Morgan Dollar, rising steadily through the grades to about $2,470 for a certified gem. Cleaned or damaged coins trade below these figures, though never below the $28.23 melt floor.
1892 Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1892
- Mint mark
- None (Philadelphia)
- Mintage
- 1,036,000
- 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 1892 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 1892 Morgan Dollar
The mintage of 1,036,000 puts the 1892 Morgan Dollar among the scarcer issues of its series. It is findable, but nice examples take patience, and the market prices that difficulty in.
The 90% silver composition gives a 1892 Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
The Morgan dollar is the most collected classic United States coin, struck from 1878 to 1904 and once more in 1921. For the 1892 Morgan Dollar, the enduring popularity of the series translates directly into buyers in every grade and every market cycle.
1892 Morgan Dollar inscriptions & design
Obverse
******* E.PLURIBUS.UNUM ****** 1892
Liberty, head l.
Reverse
UNITED STATES OF AMERICA/* ONE DOLLAR *
eagle standing. on arrows and laurel sprig., within wreath. motto above
Measured 1892 Morgan Dollar specimens
6 physically measured 1892 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 |
|---|---|---|---|---|
| 1892 Morgan Dollar #1 | - | - | - | Breen.5625 |
| 1892 Morgan Dollar #2 | - | - | - | Breen.5626 |
| 1892 Morgan Dollar #3 | - | - | - | Breen.5628 |
| 1892 Morgan Dollar #4 | - | - | - | Breen.5629 |
| 1892 Morgan Dollar #5 | - | - | - | Breen.5625 |
| 1892 Morgan Dollar #6 | - | - | - | Breen.5625 |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1892 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.