- Year: 1897
- Mint Mark: O
- Type: Morgan Silver Dollar
- Price: $28.00-$43000.00+
- Face Value: 1.00 USD
- Produced: 4,004,000
- Edge: Reeded
- Silver Content: 90%
- Silver Weight: .7735 oz.
- Melt Value: $23.65
Notes: The New Orleans 1897 Morgan Silver Dollars seem to be selling for much more than the ones mint in San Francisco or Philadelphia, not sure why that is. All Morgans are 90% silver and the mint mark is on the back under the wreath. MS-66 and MS-66 O 1897 Morgans are selling for between $30,000 and $55,000.
Mintages
Questions & Comments
Ron Ferry : Your site has an 1897 O Morgan valued at $43,000? A coin dealer told me it was worth just $35. Posted: May 21, 2024 10:41 am
Admin : Thanks for posting Ron. The website says one in MS Mint State could be worth 43k. A specimen sold for $43,000 on Heritage Auctions that was MS-66. These coins are super super rare in that condition. 1897 O Morgan Silver Dollars in general were well used and over 100 years old, so to find a 100+ year old coin in perfect condition of which just 4 million were minted, and most of those likely melted down, is rare. 
Posted: May 21, 2024 11:00 am
How much is a 1897 O Morgan Silver Dollar worth?
In Average Circulated (AC) condition it's worth around $28.00, one in certified mint state (MS+) condition could bring as much as $43,000 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1897, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].
Specs & Design
This coin has a total mass of 26.73 g, a diameter of 1.5 in, and a thickness of 2.4 mm. It's edge is Reeded, and the coins are composed of 90.0% Silver & 10.0% Copper.
Designer: George T. Morgan
Front (Obverse): Profile view of Lady Liberty looking to the left. The words "E Pluribus Unum" that translates to "Out of Many, One" referring to the many states that make the country the United States. The date is located at the center bottom. 13 stars circle the coin adjacent to the lettering. These represent the original 13 colonies.
Back (Reverse): The reverse is a bald eagle clasping arrows and an olive branch in its claws. This represents peace and war, as the United States is capable of both. The eagle's wings are spread out and it too is glancing to the left. The words "In God We Trust", "United States of America", and "One Dollar" are all present on the reverse as well.
Most Valuable
The most valuable Morgan Silver Dollar's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.
| Image | Year | Mint | Worth |
|---|---|---|---|
 |
1893 | S | $550k |
 |
1901 | $425.5k | |
 |
1889 | CC | $280k |
 |
1884 | S | $250k |
 |
1893 | O | $180k |
 |
1895 | O | $165k |
 |
1896 | O | $140k |
 |
1886 | O | $140k |
 |
1892 | S | $130k |
 |
1893 | CC | $70k |
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| Image | Name | Mint | Worth |
Want more? Click here to see the most valuable coins ever minted.
Are 1897 O Morgan Silver Dollars Silver?
Yes! Morgan Dollar's produced in 1897 are 90% silver to be precise, and contain .7735 troy oz or 24.05 grams in total of .999 pure silver. Silver weight is measured in troy ounces. Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. The tool is called Is My Coin Silver?.
Numismatic vs Intrinsic Value:
This coin in poor condition is still worth $4.35 more than the intrinsic value from silver content of $23.65, 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.
Want more info? Then read Coin Collecting Investment an article that details the benefits of coin collecting as a way to build wealth. Also learn how to properly store your coins.
Current silver melt value* for a 1893 CC Morgan Silver Dollar is $23.65 and this price is based off the current silver spot price of $30.57 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.
***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.
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