1897 Silver Dollar
Today the 1897 San Francisco Morgan Silver Dollar is extremely hard to find. This could be because many were immediately released into circulation. Don't wait - secure this superb example before it disappears! Morgan Silver Dollar mintmark location Question: I have several morgan dollars ranging from 1900 to 1922. I have looked for the mint mark, under the eagle and above the 'D', but cannot see a mint mark there.
CoinTrackers.com has estimated the 1897 O Morgan Silver Dollar value at an average of $35, one in certified mint state (MS+) could be worth $47,000. (see details)...
Type:Morgan Silver Dollar
Year:1897
Mint Mark: O
Face Value: 1.00 USD
Total Produced: 4,004,000 [?]
Silver Content: 90%
Silver Weight: .7735 oz.
Silver Melt: $21.05
Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $35, while one in certified mint state (MS+) condition could bring as much as $47,000 at auction. This price does not reference any standard coin grading scale. So when we say average, we mean in a similar condition to other coins issued in 1897, and mint state meaning it is certified MS+ by one of the top coin grading companies. [?].
Additional Info: The New Orleans 1897 Morgan Silver Dollars seem to be selling for much more than the ones mint in San Francisco or Philadelphia, not sure why that is. All Morgans are 90% silver and the mint mark is on the back under the wreath. MS-65 O 1897 Morgans are selling for between $30,000 and $55,000.
Numismatic vs Intrinsic Value:This coin in poor condition is still worth $13.95 more than the intrinsic value from silver content of $21.05, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.
Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1897 O is $21.05 and this price is based off the current silver spot price of $27.22 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
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- *list does not count the newer Presidential Dollars
1897 Silver Dollar Money Clip
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**When we say that 4,004,000, of these coins were produced or minted in 1897 this number doesn't always match the actual circulation count for this coin. The numbers come from the United States mint, and they don't reflect coins that have been melted, destroyed, or those that have never been released. Please keep that in mind.
1897 Silver Dollar Value Guide
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***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value.Call or visit your local coin dealer for more information.
We use user submitted pictures please read that article if you are interested in adding your own.
1897 Silver Dollar Coin
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1897 Silver Dollar P-value
by Deb Question: I have several morgan dollars ranging from 1900 to 1922. I have looked for the mint mark, under the eagle and above the 'D', but cannot see a mint mark there. Where do I look now? My Answer: If you don't see a mint mark on a Morgan Silver Dollar, it just means that it was minted at the United States Mint in Philadelphia. Since the Philadelphia Mint was the first mint established in the United States, and the only one for a long time, no mint marks were necessary since everyone knew that all United States coins were coming from the Philadelphia Mint. Later, when other mints were established, they each used a different mint mark to distinguish which mint made each coin. Coins from Philadelphia, however, still did not bear mint marks. The first 'P' mint mark did not appear on United States coins until 1942. To read more about mint marks on United States coins, and to learn when a 'P' mint mark was actually used on coins from the Philadelphia Mint, go to The Historical Use of Mint Marks and scroll down the page a little ways. I should also mention that this not only applies to Morgan Silver Dollars, but to all United States coins. If there is not a mint mark on the coin, you can assume that it was minted at the Philadelphia Mint. Keep in mind, however, that there were a few years when mint marks were not used on any United States coins. In an attempt to keep collectors from knowing which coins were made at the branch mints in smaller numbers (limited strikes), the Coinage Act of 1965 approved the dropping of mint marks from all coins. It was believed this would put a stop to coin shortages caused by collectors hoarding limited strikes, so United States coins dated 1965 through 1967 do not have mint marks and it is impossible to tell which mint they came from. If you have any further questions about mint marks on United States coins, click the link below and add it to the comments section of the page and I will try my best to answer quickly. | ||
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