how much is a 1890 morgan silver dollar worth

[ArielLee]

The value of an 1890 Morgan silver dollar is primarily determined by its physical condition, or grade. A coin's worth can range from its basic silver content to thousands of dollars for a pristine, uncirculated specimen.

For coins that show signs of wear from circulation, the value is relatively modest. A coin in "Good" condition is valued at approximately $33, while one in "Extremely Fine" condition is worth around $40. An "About Uncirculated" example can be valued at about $43. These prices are higher than the coin's intrinsic melt value, which is based on its 90% silver composition and is currently around $20.95.

The value increases significantly for uncirculated coins, also known as Mint State (MS) examples. An 1890 Morgan dollar in a lower uncirculated grade, such as MS-60, is valued between $60 and $65. The price climbs steadily with the grade; for instance, an MS-65 coin can be worth around $215. For coins in exceptionally high grades, the value can be substantial. A specimen graded MS-67, for example, is valued at approximately $7,000. These figures apply to the common 1890 Morgan dollar minted in Philadelphia, which does not have a mint mark.