1895 Morgan Dollar Value
A 1895 Morgan Dollar is worth roughly $216 to $29,995 depending on its condition; the melt floor under every example is $28.23 (spot prices as of 2026-06-01) Exceptional, certified pieces regularly exceed the top of that range.
Public domain image (struck or printed before 1926). Click to enlarge.
1895 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.
How much is a 1895 Morgan Dollar worth today?
Start with $216 for a heavily circulated 1895 Morgan Dollar and work upward. Lightly circulated 1895 examples occupy the middle of the range, while true gems approach $29,995. If your coin has no wear on the high points, it deserves a closer look or a professional opinion.
1895 Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1895
- Mint mark
- None (Philadelphia)
- Mintage
- 12,000
- 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).
No mint mark? Here is why
The 1895 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.
The value drivers behind this coin
With a mintage of just 12,000, the 1895 Morgan Dollar is one of the celebrated key dates of the Morgan Dollar series. Survivors are scarce in every grade, and demand from series collectors keeps prices firm year after year.
Beneath the numismatics of the 1895 Morgan Dollar sits 0.7734 troy ounces of silver, $28.23 worth at today's spot price. When silver rallies, even the most common dates of this series rise with it.
There is history in a 1895 Morgan Dollar as well. The Morgan dollar is the most collected classic United States coin, struck from 1878 to 1904 and once more in 1921. That backdrop keeps the series among the most actively collected in American numismatics.
1895 Morgan Dollar inscriptions & design
Obverse
******* E.PLURIBUS.UNUM ****** 1895
Liberty, head l.
Reverse
UNITED STATES OF AMERICA/* ONE DOLLAR *
eagle standing. on arrows and laurel sprig., within wreath. motto above
Measured 1895 Morgan Dollar specimens
4 physically measured 1895 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 |
|---|---|---|---|---|
| 1895 Morgan Dollar #1 | - | - | - | Breen.5637 |
| 1895 Morgan Dollar #2 | - | - | - | Breen.5638 |
| 1895 Morgan Dollar #3 | - | - | - | Breen.5639 |
| 1895 Morgan Dollar #4 | - | - | - | Breen.5638 |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1895 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.