1898-O Morgan Dollar Value
A 1898-O Morgan Dollar is worth roughly $31.00 to $706 depending on its condition, with a hard melt-value floor of $28.23 as of 2026-06-01 Certified examples in top grades can run far higher.
1898-O Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $31.00 to $46.00 |
| Very Good (VG-8) | $35.00 to $51.00 |
| Fine (F-12) | $39.50 to $58.00 |
| Very Fine (VF-20) | $47.00 to $69.00 |
| Extremely Fine (XF-40) | $60.00 to $88.00 |
| About Uncirculated (AU-50) | $81.50 to $120 |
| Mint State (MS-60) | $120 to $176 |
| Choice Unc (MS-63) | $192 to $282 |
| Gem Unc (MS-65) | $480 to $706 |
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 1898-O Morgan Dollar worth today?
Figure roughly $31.00 as the realistic floor for a damage-free, well-worn 1898-O Morgan Dollar, rising steadily through the grades to about $706 for a certified gem. Cleaned or damaged coins trade below these figures, though never below the $28.23 melt floor.
1898-O Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1898
- Mint mark
- O
- Mintage
- 4,440,000
- 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
On a 1898-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 collectors pay for in a 1898-O Morgan Dollar
A mintage of 4,440,000 makes the 1898-O Morgan Dollar moderately available, though it is noticeably tougher than the bulk dates of the series, particularly in higher grades.
A 1898-O Morgan Dollar is real bullion as well as a collectible: 0.7734 troy ounces of fine silver, or about $28.23 of metal value in every example, regardless of condition.
Morgan, recruited from the Royal Mint in London, modeled Liberty on Philadelphia schoolteacher Anna Willess Williams rather than the conventional Greek profile. For the 1898-O Morgan Dollar, the enduring popularity of the series translates directly into buyers in every grade and every market cycle.
Summary: the 1898-O Morgan Dollar is valued between $31.00 and $706 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.