April 12, 2024
1889 Morgan Silver Dollar
Pricing & History
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- Sold Date
- Source eBay
Type: Morgan Silver DollarYear: 1889Mint Mark: No mint markFace Value: 1.00 USDTotal Produced: 21,726,000 [?]Silver Content: 90% Silver Weight: .7735 oz.Silver Melt: $13.31 Value: As a rough estimate of this coins value you can assume this coin in poor condition will be valued at somewhere around $26, while one in "perfect" condition can bring $325 . This price does not reference any standard coin grading scale. So when we say poor, we mean worn more than would be expected from a coin in this age, and perfect meaning it looks "perfect" without flaw and possibly even certified. Additional Info: Just 811 Proof Morgan Silver Dollars were issued in 1889, and they are selling for somewhere between $2,000-$2,400. All Morgans are 90% silver and contain .7735 oz of pure silver. Numismatic vs Intrinsic Value: This coin in poor condition is still worth $12.69 more than the intrinsic value from silver content of $13.31, 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.
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