1895-O Morgan Silver Dollar

The 1895-O Morgan silver dollar was struck at the New Orleans Mint with a mintage of 450,000, making it a scarce and highly prized coin, especially in higher grades.

Known for its poor production quality, most examples lack fine details and exhibit dull luster. Despite these issues, the 1895-O is one of the most valuable Morgan dollars in uncirculated grades.

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Historical Context

The 1895-O Morgan silver dollar was minted during a period of declining demand for silver dollars. The New Orleans Mint, which produced these coins, was known for its subpar quality control, often producing coins with weak strikes and dull finishes.

Despite this, the 1895-O Morgan dollar is one of the rarest and most expensive coins in the Morgan series, particularly in Mint State, due to its low mintage and poor production quality.

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Specifications:

Size: 38.1 millimeters
Denomination: $1
Gross Weight: 26.73 grams
Actual Silver Weight: Approximately 0.77344 troy ounces of silver
Fineness/Composition: 90% silver, 10% copper
Diameter: 38.1 millimeters
Thickness: Not listed
Specific Gravity: Not listed

Coin Description:

The obverse of the 1895-O Morgan dollar features a left-facing bust of Liberty, wearing a Phrygian cap adorned with cotton and wheat. The reverse displays an eagle with outstretched wings, clutching arrows and an olive branch, symbolizing strength and peace.

The "O" mintmark, indicating the New Orleans Mint, is located beneath the eagle. The inscriptions include "E Pluribus Unum" on the obverse and "United States of America" and "In God We Trust" on the reverse.

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Cultural and Numismatic Significance:

The 1895-O Morgan silver dollar is highly regarded by collectors due to its low mintage and poor production quality, making well-struck examples exceedingly rare. While circulated grades are more common, uncirculated coins are difficult to find and command high premiums, especially those with sharp details. The rarity of the coin in higher grades has made it one of the most valuable Morgan dollars minted at the New Orleans Mint.

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Numismatic Value:

The value of the 1895-O Morgan silver dollar ranges significantly depending on condition. Circulated coins in Very Fine condition are valued at around $30, while Extremely Fine examples can fetch up to $450. In About Uncirculated grades, values soar to $2,000.

Uncirculated Mint State coins are far more valuable, with MS-61 examples valued at $16,000 and MS-65 coins reaching $225,000. The auction record for this coin stands at $575,000 for a top-graded MS-67 example.

Free Appraisal With No Obligation To Sell

Take the first step toward selling your silver coins by getting a free appraisal today. Our process is designed to be transparent, convenient, and stress-free, giving you the confidence to sell coins online when you’re ready.

At Coinfully, we’re committed to helping you get the most for your silver coins—all from the comfort of your home.

Frequently Asked Questions (FAQs)

How do I know I’m getting a fair price for my silver coins?

At Coinfully, we pride ourselves on transparency. Our appraisals are based on the current market value of silver, including the silver content of your coins, and the numismatic value of collectible coins. We provide a detailed explanation of how we arrive at your offer, ensuring that you’re fully informed and confident in the price you receive.

Is my shipment insured when I send my coins to Coinfully?

Yes, we provide full insurance coverage for your shipment. Whether you’re sending silver bullion coins, junk silver coins, or American Silver Eagle coins, your coins are protected throughout the entire shipping process, giving you peace of mind that your valuable items are safe.

What types of silver coins does Coinfully buy?

We buy all types of U.S. silver coins, including American Silver Eagle coins, silver dollar coins, silver bullion coins, junk silver coins, and other collectible coins. No matter the type or condition, we’re interested in purchasing your coins, whether you’re looking to sell silver coins for melt value or as collectible items.

What if I’m not ready to sell after receiving an appraisal?

There’s no obligation to sell your coins after receiving an appraisal from Coinfully. We offer a free, no-pressure appraisal service to help you understand the value of your collection. You can decide to sell when you’re ready, without any pressure from us.

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