1895-O Morgan Dollar Value
The 1895-O Morgan Dollar carries a current retail range of about $216 to $29,995 across circulated and Mint State grades; 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.
1895-O Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $216 to $318 |
| Very Good (VG-8) | $312 to $459 |
| Fine (F-12) | $456 to $670 |
| Very Fine (VF-20) | $720 to $1,059 |
| Extremely Fine (XF-40) | $1,200 to $1,764 |
| About Uncirculated (AU-50) | $2,040 to $2,999 |
| Mint State (MS-60) | $3,599 to $5,293 |
| Choice Unc (MS-63) | $6,719 to $9,881 |
| Gem Unc (MS-65) | $20,397 to $29,995 |
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 1895-O Morgan Dollar worth right now?
In worn but collectible condition (Good-4), a 1895-O Morgan Dollar starts around $216. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $29,995. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1895-O Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1895
- Mint mark
- O
- Mintage
- 450,000
- 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 1895 Morgan Dollar?
On a 1895-O Morgan Dollar, the "O" mint mark of the New Orleans Mint sits on the reverse, just below the wreath bow and above the letters DO in DOLLAR. A loupe helps: on worn examples the letter can fade into the surrounding devices.
What makes the 1895-O Morgan Dollar valuable
The 90% silver composition gives a 1895-O Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
A production run of only 450,000 coins set this date apart from the start. As the recognized key (or near-key) of its series, it commands premiums that common dates never approach.
There is history in a 1895 Morgan Dollar as well. Hundreds of millions sat in Treasury vaults for decades, which is why many dates survive in gem Mint State, while issues that actually circulated, such as the 1893-S and 1889-CC, became celebrated rarities. That backdrop keeps the series among the most actively collected in American numismatics.
Summary: the 1895-O Morgan Dollar is valued between $216 and $29,995 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.