Morgan Silver Dollars are the buzzer-beaters of the bullion investment game.
You can never go wrong with a Morgan Silver Dollar in your collection. Minted
from 1878 to 1921, the 1879 Silver dollar value is huge considering it is one
of the series' earliest issues.
This coin is not just about its silver content; it holds a piece of history.
Its value today depends on factors like condition, rarity, and demand among
collectors.
Let’s explore what makes this coin special and how much it is worth in the
current market.
1879 Silver Dollar Value
Morgan Silver Dollars are the buzzer-beaters of the bullion investment game.
You can never go wrong with a Morgan Silver Dollar in your collection. Minted
from 1878 to 1921, the 1879 Silver dollar value is huge considering it is one
of the series' earliest issues.
This coin is not just about its silver content; it holds a piece of history.
Its value today depends on factors like condition, rarity, and demand among
collectors.
Let’s explore what makes this coin special and how much it is worth in the
current market.
1879 Silver Dollar Value
1. 1879 Silver Dollar Value with No Mint Mark
Silver dollars that survived circulation that lack the mint mark are
usually valued between $36 and $76. The no-mintmark means the silver
dollar was struck at the Philadelphia facility of the
US Mint. A total of 14,806,000 morgan silver dollars were minted at this mint.
| 1879 Silver Dollar |
Higher-graded |
$37,500 |
| 1879 DMPL silver dollars |
MS65 |
$10,500 |
| Proof-like Silver Dollar |
MS60 and below |
$2,500 |
2. 1879 Proof Silver Dollar Value
Of the 1,100 proof silver dollars made in 1879, only a small portion still
survive. Depending on the qualities that make them more collectible, their
prices range from less than $775 to $11,500.
| CAM grade coins |
Various conditions |
$2,600 - $18,000 |
| Silver dollar (PR68) |
Pristine condition |
$52,500 |
3. 1879 CC Silver Dollar Value
1879 silver dollars with the CC mint mark were struck at the Carson City
mint. Since there were only 756,000 coins minted, you may think that those
in good condition will be expensive.
| 1879 Silver Dollar |
Circulated |
$190 - $5,250 |
| 1879 Silver Dollar (Mint State) |
MS60 - MS65 |
$5,350 - $125,000 |
| 1879 Silver Dollar (PL Quality) |
MS65 |
$35,000 |
| 1879 CC DMPL Silver Dollar |
MS65 |
$90,000 |
4. 1879 O Silver Dollar Value
In 1879, 2,887,000 Morgan dollars were made in the New Orleans Mint. Coins
in circulation typically cost between $36 and $135; however, coins with a
flawless appearance might vary in price based on different conditions.
| 1879 Silver Dollar |
Most Grades |
$180 – $750 |
| 1879 Silver Dollar |
MS65 |
$2,750 |
| 1879 Silver Dollar |
MS66 |
Up to $12,000 |
| Proof-like Morgan Dollar |
All grades |
$275 – $11,500 |
| 1879 O DMPL Silver Dollar |
All Grades |
$475 – $40,000 |
5. 1879 S Silver Dollar Value
The second-highest mintage of 1879 S silver dollars, or exactly 9,110,000
pieces, was produced at the San Francisco mint. Interestingly, even though
they were struck in the same year, two varieties had different dates on
the obverse. Naturally, this detail has a big impact on their costs.
| 879 Morgan Silver Dollar (Reverse) |
MS 68 |
Up to $6,500 |
| 1879 S Reverse |
Varies |
$32 to $1,000 |
| 1879 S PL Reverse |
Proof-Like |
$115 to $2,700 |
| 1879 Morgan Silver Dollar |
MS 68 (Record Value) |
$10,000 |
| 1879 S |
Deep Mirror Proof-Like (DMPL) |
$180 to $13,000 |
Grading the 1879 Morgan Silver Dollar
Everyone wants to have the most eye-catching collection, but it's difficult to
achieve with
Morgan Silver Dollars. This is because these coins are so old that they have had plenty of time to
deteriorate and wear down.
Usually, a coin would be sent to a professional group for grading if someone
wanted their coin's condition assessed.
Below are some standard coin grades:
- Uncirculated:
When a coin is declared uncirculated, it indicates that it was either never
in circulation or only briefly in circulation. These coins will still have
all of their original texture and imagery, giving the impression that they
were newly produced. These are frequently the priciest coins available to
collectors.
- Extremely Fine:
A coin that was only in circulation for a short period of time is deemed to
be of Extremely Fine grade. These coins will be in perfect condition for the
most part, with only very minor surface wear. Although the price of these
coins is likewise expensive, their attractive appearance helps to justify
the greater cost.
- Fine:
A coin that has been in circulation for a long time and may have some
degradation is considered to be of fine grade. Practically speaking, there
isn't much damage to these coins, but you will notice some light scratches
that are persistent and a decline in texture.
- Good:
The lowest grade a coin can be given is good, which typically denotes a
piece that has seen significant circulation throughout the course of its
life.
There will be a lot of scratching on these parts, and sometimes the coin
itself will get bent or cracked. Pieces of this shape are not unusual at all
because 1879 Morgan Silver Dollars are so old.
1879 Silver Dollar value with Rare and Error Coin
1. CC Over CC—capped Die (1879 CC Morgan)
The 1879 CC capped die error on the
silver dollar
is a wonderful gem. A rusty die cap caused these coins to appear with
distorted and indistinct CC mint markings.
While those in immaculate condition can be expensive, those in circulated
condition should cost between $160 to $3,850. The range of their prices is
$4,250 to $50,000.
The average auction values for the 1879 CC PL capped die silver dollars range
from $3,200 to $60,000, depending on their condition. Lastly, one lovely 1879
CC DMPL capped die Morgan dollar will cost you between $7,200 and $120,000.
2. The Reverse of 1878 (1879 S Morgan)
The pricing range for the 1879 S reverse of 1878 Morgans is $60 to $8,500.
Depending on their appearance and the day of the sale, the finest-graded
coins, which are in MS 66 grade, can get between $42,000 and $50,400.
The price of the 1879 S PL reverse of
1878 silver dollars
is higher than that of typical specimens, nevertheless.
They are rare and usually cost between $3,200 and $3,850 for pieces graded an
MS 63 and $50,000 to $60,000 for those ranked an MS 66. Depending on
condition, DMPL dollars bearing the reverse of 1878 can range in value from
$1,800 to $24,000.
3. Silver Dollars Passed through an Upsetting Mill (1879 Morgan)
A few Morgan dollars went through the upsetting mill twice before striking it
twice. Such a rare coin is costly and difficult to find. The auction record
for 2013 is $8,225 for this error coin.
4. Uncentered Broad Strike (1879 S Morgan)
Uncentered broad striking error in 1879 S Morgan dollars is caused by an
improperly positioned planchet. The finest artifacts can be very expensive
since they are very uncommon. One specimen in MS 64+ grade, for example, sold
for $3,800 at auction.
5. Partial Collar Strike (1879 S Morgan)
Due to a badly positioned planchet, several 1879 S Morgan dollars have an
uncentered broad strike error. The best items might be expensive since they
are quite scarce. For example, a specimen in MS 64+ grade sold for $3,800 at
auction.
The table below shows you the value of every error coin along with condition
and grading:
| CC Over CC—capped Die (1879 CC Morgan) |
- $160 to $3,850 (circulated condition)
- $4,250 to $50,000 (range for prices)
- $3,200 to $60,000 (average auction values)
- $7,200 to $120,000 (DMPL capped die condition)
|
| Reverse of 1878 (1879 S Morgan) |
- $60 to $8,500
- $42,000 to $50,400 (MS 66 grade)
- $3,200 to $3,850 (MS 63 grade, PL reverse)
- $50,000 to $60,000 (MS 66 grade, PL reverse)
- $1,800 to $24,000 (DMPL reverse condition)
|
|
Silver Dollars Passed through Upsetting Mill (1879 Morgan)
|
$8,225 (auction record in 2013) |
| Uncentered Broad Strike (1879 S Morgan) |
$3,800 (MS 64+ grade auction price) |
| Partial Collar Strike (1879 S Morgan) |
$3,800 (MS 64+ grade auction price) |
Conclusion
The 1879 Silver Dollar value is determined by its mint mark, rarity, and
condition. Depending on the coin's grade and whether it bears a mint mark,
the price might vary from $36 to $125,000 or more.
Uncommon mistakes and variations, like capped dies or uncentered strikes,
add value. Since well-preserved coins are the most valuable on the market,
collectors usually look for them. In the end, the value of the 1879 Silver
Dollar varies greatly, which makes it a valuable item for coin collectors.
Explore the variations of the Morgan Silver Dollars available at BOLD with
the NGC or PCGS certification with the best prices.
FAQ
1. What factors influence the 1879 Morgan Silver Dollar value?
The condition and mint mark of an 1879 Morgan Silver Dollar influence its
value.
2. How much is the 1879 silver dollar (Morgan, No Mint mark) worth?
Although even lower-quality pieces are expensive, one 1879 silver dollar of MS
67 grade can fetch a fortune of $28,500 to $38,500. Circulated examples can
get up to $65 at auction, while finely crafted ones fetch between $70 and
$1,600.
3. What makes an 1879 silver dollar (Morgan) rare?
Particularly those in the finest grades, Morgans struck between the late 19th
and early 20th centuries can be expensive. In addition, some uncommon and
collectible errors might fetch several hundred thousand dollars.
