1902 Morgan Dollar Value
Depending on how well it survived, a 1902 Morgan Dollar brings anywhere from $29.00 to $282, and its metal content alone is worth $28.23 as of 2026-06-01 The figures below break the range down grade by grade.
Public domain image (struck or printed before 1926). Click to enlarge.
1902 Morgan Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $29.00 to $38.00 |
| Very Good (VG-8) | $29.00 to $39.50 |
| Fine (F-12) | $29.00 to $41.50 |
| Very Fine (VF-20) | $30.50 to $45.00 |
| Extremely Fine (XF-40) | $35.00 to $51.00 |
| About Uncirculated (AU-50) | $42.00 to $62.00 |
| Mint State (MS-60) | $53.00 to $77.50 |
| Choice Unc (MS-63) | $72.00 to $106 |
| Gem Unc (MS-65) | $192 to $282 |
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 the 1902 Morgan Dollar selling for today?
In worn but collectible condition (Good-4), a 1902 Morgan Dollar starts around $29.00. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $282. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1902 Morgan Dollar specifications
- Series
- Morgan Dollar
- Year
- 1902
- Mint mark
- None (Philadelphia)
- Mintage
- 7,994,000
- 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 there is no letter on this coin
The 1902 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 makes the 1902 Morgan Dollar valuable
The 90% silver composition gives a 1902 Morgan Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
At 7,994,000 struck, scarcity is not the story here. Condition is: well-preserved examples with original luster stand far above the worn majority.
There is history in a 1902 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.
1902 Morgan Dollar inscriptions & design
Obverse
******* E.PLURIBUS.UNUM ****** 1902
Liberty, head l.
Reverse
UNITED STATES OF AMERICA/* ONE DOLLAR *
eagle standing. on arrows and laurel sprig., within wreath. motto above
Measured 1902 Morgan Dollar specimens
6 physically measured 1902 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 |
|---|---|---|---|---|
| 1902 Morgan Dollar #1 | 26.78 g | 38.1 mm | - | KM.110 |
| 1902 Morgan Dollar #2 | - | - | - | Breen.5688 |
| 1902 Morgan Dollar #3 | - | - | - | Breen.5691var |
| 1902 Morgan Dollar #4 | - | - | - | Breen.5693 |
| 1902 Morgan Dollar #5 | - | - | - | Breen.5688 |
| 1902 Morgan Dollar #6 | - | 38 mm | - | Breen.5691 |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1902 Morgan Dollar is valued between $29.00 and $282 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.