Mintmarks are a small but important detail deciding 1896 Morgan silver dollar value. Finding your coin was struck at the San Francisco mint, identified by an “S” mintmark on the reverse increases the potential value. Just below the ribbon is either an “S” for the San Francisco mint, or an “O” indicating New Orleans.
What was the price of silver in 1896?
Morgan Silver Dollars from the latter half of the 1890s are not nearly as expensive as those from the first half and, most particularly, the middle part of the decade. 1896 Morgan Silver Dollars are quite reasonable in price as compared to issues from 1893, 1894, and 1895.
How can you tell where a silver dollar was minted?
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.
What’s the value of a 1895 Morgan silver dollar?
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.
Is there a 1896 Silver Dollar in circulation?
The 1896 Morgan Silver Dollar is one of the most frequently seen dates of the Philadelphia Mint its decade. Close to a million Mint State coins in various grades are estimated to exist today. The strike is usually above average on coins made for circulation, and luster ranges from satiny to frosty.
Where is the mint mark on a Morgan silver dollar?
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.”
Are there any silver dollars without a mint mark?
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.
