
Well, before you start your early retirement based on that old silver dollar you found, let's talk turkey. The value of your 1900-O Morgan silver dollar is a classic case of "it depends," and what it depends on is condition, condition, condition. It's the coin world's version of a beauty pageant, and the less your coin has been out on the town, the more it's worth.
That "O" on your coin means it was struck at the legendary New Orleans Mint, one of the last few Morgan dollars to come from that facility. According to the experts, these coins were made in "plentiful quantities," so they're not fantastically rare. However, their value can swing wildly. For instance, one retailer, Littleton Coin Company, lists a "Very Good" (VG) specimen for a handsome $136.00. That's a coin that has clearly seen some things.
If your coin happens to be an uncirculated, "Mint State" (MS) beauty that looks like it just came off the press, the numbers get much more exciting. A professional price guide from NGC shows values starting around $75 for a lower-grade uncirculated coin (MS 60) and climbing steadily. A nice MS 65 might fetch about $225, but a virtually flawless MS 67 could be worth a jaw-dropping $2,750. So, the value is somewhere between a nice steak dinner and a used car, all depending on how many scratches and dings it picked up over the last century.


