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.
#RecessionProofInvesting #CashForCoins #TreasureInPocketChange Hey everyone, I have another spinoff channel called BlueRidgeCollectibles where I share my oth. Reaching into their silver reserves, the government reauthorized the minting of these Morgans to completion. Since the Morgan contains 90% silver, it took the government many bills and repeals to afford to produce tons of silver dollars. Your 1897 silver Morgan was minted in Philadelphia and is in brilliant uncirculated condition.
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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**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.
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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.
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- 1897 Morgan Silver Dollar
Coin Info
The 1897 Morgan Silver Dollar is a fresh breath of affordable air for collectors of Morgan Dollars. Not counting the proof example, which is not usually collected in conventional date-and-mintmark Morgan Dollar sets, 1897 was one of the few years during the 1890s during which every business-strike issue can be had in lower grades for a small premium above silver bullion values.
The 1897 Morgan Silver Dollar was produced in three mints: New Orleans, Philadelphia, and San Francisco. The New Orleans Mint used an 'O' and the San Francisco Mint an 'S”. The main mint in Philadelphia did not use a mintmark. Proof examples of Morgan Dollars from all years, including 1897, are rare which makes them expensive.
1897 Morgan Silver Dollar Mintage Figures
- 1897: 2,822,000; $35+
- 1897-O 4,004,000; $35+
- 1897-S: 5,825,000; $35+
- 1897 Proof: 731; $3,000+
Prices above are for coins in the low-to-mid circulated grades; while all 1897 business strike issues are indeed unremarkable in price in that grading echelon, the 1897-O dollar takes a quick hike in price for the upper grades. While less than $50 should be able to snag you a Mint State example (using the Sheldon Coin Grading Scale) of an 1897 or 1897-S, the 1897-O will set collectors and investors back by at least $700 to $1,000 in Mint State. This is just one of many examples of grade rarity within a coin series, where a given issue may be highly common in total population, but becomes very scarce above a certain grade. Such is frequently the case throughout the Morgan Silver Dollar series and usually indicates a situation where hoards of uncirculated Morgan Dollars from a given date and mintmark were melted following the passage of the Pittman Act of 1918.