1897 Silver Dollar
Posted : admin On 4/10/2022The 1897 Morgan silver dollars have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
Specifications
Type: Morgan Silver Dollar
Year: 1897
Face Value: $1.00
Composition: 90% silver, 10% copper
Silver Weight: .77344 oz.
Total Weight: 26.73 grams
Current Silver Bullion Value: $21.09
The US minted the 1897 silver dollar with no mint mark and also the 1897 O silver dollar and 1897 S silver dollar. The mint mark, when present, can be found on the reverse side of the coin below the wreath.
1897 Silver Dollar P-value
| Series | Location | Quantity Minted |
|---|---|---|
| 1897 | Philadelphia | 2,822,000 |
| 1897 O | New Orleans | 4,004,000 |
| 1897 S | San Francisco | 5,825,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $21.09 as of February 09, 2021. This melt value is calculated from the current silver spot price of $27.26 per ounce.
USA Coin Book Estimated Value of 1897 Morgan Silver Dollar is Worth $35 in Average Condition and can be Worth $61 to $362 or more in Uncirculated (MS+) Mint Condition. In fact, you may be surprised to find out the 1922 silver dollar is worth many times its face value! Read on to discover more about the 1922 dollar coin (the 1922 Peace dollar) — including what it’s worth, how many of these old silver dollars were made, why it’s called a Peace dollar, and the story behind the coin’s design.
The 1897 silver dollar with no mint mark is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $240.
The 1897 O silver dollar is worth around $30 in very fine condition. In extremely fine condition the value is around $50. In uncirculated condition the price is around $975 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $60,000.
The 1897 S silver dollar is worth around $30 in very fine condition. In extremely fine condition the value is around $33. In uncirculated condition the price is around $85 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $475.
Proof coins with no mint mark are available and they are each valued at around $3,000 in PR 63 condition. There were only 731 proof coins minted.
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Grading System
Very fine- Two thirds of Liberty's hair lines from above her forehead to her ear are visible.
Extremely fine- Liberty's hair lines and ear look strong.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks are present but they are barely noticeable.
PR 63 proof- This coin has reflective surfaces and only a few blemishes away from the major focal points. There are no major flaws.
Sources:
1897 Silver Dollar Ebay
See also:
1898 Silver Dollar
1896 Silver Dollar
1895 Silver Dollar
Peace Silver Dollar
As coin dealers, we’re frequently asked to provide an estimated value of silver dollars based on the year of the coin. While the year of the coin can certainly impact the value, a greater determining factor is the coin’s mint mark, or where the coin was minted. You may have been asked in the past for the mint mark of your coin, and wondered where it was located and how it affects the value of your coin. If so, and you’re still not sure of the answer to these questions, then this article is for you!
1896 Silver Dollar Value Chart
For purposes of this article, we’ll be referring to Morgan silver dollars and Peace silver dollars, which were minted from 1878 – 1921 and 1921 – 1935, respectively. Both coins have an image of Lady Liberty on the front and an eagle on the back, but the location of the mint mark (if the coin has one) is located in different areas.
Morgan and Peace silver dollars were minted at a total of five U.S. Mints, including Carson City, Denver, San Francisco, New Orleans and Pennsylvania. The mintage location can be determined by studying the coin. Carson City silver dollars are identified by a “CC” mint mark, Denver silver dollars by a “D,” San Francisco silver dollars by an “S,” New Orleans silver dollars by an “O,” and Philadelphia silver dollars by the omission of a mint mark.
The mint mark for Morgan and Peace silver dollars can be found on the reverse side of the coin. The mint mark for Morgan silver dollars is located at the bottom center of the coin below the wreath while the mint mark on Peace silver dollars can be found below the word “ONE.” It’s common for silver dollars to not contain mint marks, which means that they were minted in Philadelphia, as the Philadelphia mint was the largest producer of silver dollars in more years than not.
1897 Silver Dollar Money Clip
Now that we know where the mint mark is located and how to identify where the silver dollar was minted, the next step is to determine if you have a common date, semi key date, or key date coin. Most silver dollars had a mintage of well into the millions, making them common date coins. Some had a lower mintage (one to two million), and are typically referred to as semi key date coins, while others had a mintage of less than a million, and are typically referred to as key date or rare coins.
1897 Silver Dollar Coin
With respect to Morgan silver dollars, all Carson City minted coins are considered semi key date or key date coins. Other lower mintage Morgan silver dollars include the 1886-S, 1888-S, 1889-S, 1893-S, 1893-O, 1894, 1895, 1895-S, 1895-O, and 1899. The king of the Morgan silver dollars is the 1895 plain (no mint mark), which has a starting price of $20,000 in average circulated condition. All of the 1895 plain Morgan silver dollars were proofs. Most were destroyed and only a handful made their way into circulation.
Value Of 1898 Silver Dollar
Even though the mintage of some Peace silver dollars rivaled the mintage of Morgan silver dollars, only a couple of the coins are considered key date coins in circulated condition. This includes the 1921 Peace dollar, which was the only high relief Peace silver dollar minted, and the 1928 Peace dollar. The latter was the lowest minted Peace silver dollar with a mintage of 360,000 coins. While only a couple of the coins are considered key date coins in circulated condition, several others, including the 1924-S, 1928-S, 1934-S and 1935-S Peace silver dollars are considered key date coins in uncirculated condition.
1897 Silver Dollar Worth
In summary, the year of mintage of your Morgan or Peace silver dollar only tells half the story. The mint at which the coin was produced is the key factor in determining whether you have a common date, semi key date, or rare silver dollar on your hands. Remember that not all silver dollars contain a mint mark, and if by chance you happen to be lucky enough to come across an 1895 Morgan silver dollar without a mint mark, you likely have a five figure coin in your possession. The other Morgan and Peace silver dollars highlighted above also have values that well exceed the silver content of your coins.