1900-S Morgan Dollar Value
A 1900-S Morgan Dollar is worth roughly $31.00 to $706 depending on its condition, and its metal content alone is worth $28.23 as of 2026-06-01 Exceptional, certified pieces regularly exceed the top of that range.
1900-S 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.
What is a 1900-S Morgan Dollar worth right now?
A 1900-S Morgan Dollar that spent decades in circulation is worth about $31.00 today. One that never circulated at all can bring up to $706. The honest answer for most inherited or pocket-found examples sits in the lower half of the table.
1900-S Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1900
- Mint mark
- S
- Mintage
- 3,540,000
- 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).
Identifying the San Francisco mint mark
Flip your 1900 Morgan Dollar over and locate the "S". On the reverse, just below the wreath bow and above the letters DO in DOLLAR That single letter separates the San Francisco issue from its siblings and can move the price substantially.
What makes the 1900-S Morgan Dollar valuable
A mintage of 3,540,000 makes the 1900-S Morgan Dollar moderately available, though it is noticeably tougher than the bulk dates of the series, particularly in higher grades.
A 1900-S 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.
The series itself does some of the lifting for the 1900-S Morgan Dollar: Five mints struck Morgan dollars: Philadelphia, New Orleans, San Francisco, Carson City, and, in 1921 only, Denver. Broad, multigenerational demand for the design gives every date, including this one, a deep and liquid market.
Summary: the 1900-S 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.