1902 O Morgan Silver Dollar

Last updated: April, 19 2023

CoinTrackers.com estimates the value of a 1902 O Morgan Silver Dollar in average condition to be worth $34.00, while one in mint state could be valued around $155.00.

1902 O Morgan Silver Dollar
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  • Year: 1902
  • Mint Mark: O
  • Type: Morgan Silver Dollar
  • Price: $34.00-$155.00+
  • Face Value: 1.00 USD
  • Produced: 8,636,000
  • Edge: Reeded
  • Silver Content: 90%
  • Silver Weight: .7735 oz.
  • Melt Value: $24.47

Notes: About 56% of all the Morgans issued in 1902 were minted at the New Orleans mint.

1902 Silver Dollar Errors

  1. Off Center Strike - When the die is misaligned with the planchet it strikes off center leaving a blank crescent on one side or the other. Most off center strikes for this year are marginal.
  2. Double Die - When a planchet is struck multiple times its called a double die strike error.
  3. Double Ear - This one may be attributed to a double strike, it may have been caused by a die error. Either way its an error that is known, and named..
  4. Lamination Error - There are known lamination errors for the 1902 Morgan

1902 Morgan Silver Dollar Errors(click to enlarge)

Key / Semi Key Dates

Key dates for Morgans are mostly set based on pure rarity.

  1. 1889 CC - rarest Morgan minted at Carson City in series with just 350,000 minted
  2. 1893 S - rarest Morgan minted at San Francisco in series with just 100,000 minted
  3. 1893 CC - another very scarce morgan with just over 600,000 minted
  4. 1894 - just 110,000 Morgans minted in Philadelphia this year making it the rarest from that mint
  5. 1895 - Just 770 proofs were issued

Better Dates

Better dates are not quite Key Dates but still very important.

  1. 1881 CC - pretty dang rare with just over 250,000 issued.
  2. 1885 CC - yet another CC with very low Mintage again just over a quarter of a million

Morgan Silver Dollar Grading

Learn how to grade Morgan Silver Dollars


Production Chart

Price Chart

Rates listed here refer to professionally graded and slabbed coins. If new to collecting the prices below might not make sense.

Due to rarity alone the most valuable of the 1902 Morgans is that of the 1902 S Morgan Silver Dollar. Not sure what grade your coin is? Learn how to grade Morgan Silver Dollars

  • Grade VG8 = $30-$50
  • Grade F12 = $34-$56
  • Grade AU50 = $49-$81
  • Grade MS60 = $0-$125
  • Grade MS63 = $135-$225
  • Grade MS65 = $225-$375
  • Grade MS67 = $1,500-$2,500

Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.

It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.

We've personally researched these values. If you enjoy our content please return the favor and share this page with your friends.

How much is a 1902 O Morgan Silver Dollar worth?

In Average Circulated (AC) condition it's worth around $34.00, one in certified mint state (MS+) condition could bring as much as $155 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 1902, 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
Morgan Silver Dollar 1893 S $550k
Morgan Silver Dollar 1901 $425.5k
Morgan Silver Dollar 1889 CC $280k
Morgan Silver Dollar 1884 S $250k
Morgan Silver Dollar 1893 O $180k
Morgan Silver Dollar 1895 O $165k
Morgan Silver Dollar 1896 O $140k
Morgan Silver Dollar 1886 O $140k
Morgan Silver Dollar 1892 S $130k
Morgan Silver Dollar 1893 CC $70k
Morgan Silver Dollar 1895 $70k
Morgan Silver Dollar 1879 CC $49k
Morgan Silver Dollar 1894 O $45k
Morgan Silver Dollar 1897 O $43k
Morgan Silver Dollar 1894 $35k
Morgan Silver Dollar 1883 S $26k
Morgan Silver Dollar 1880 O $22k
Morgan Silver Dollar 1895 S $18k
Morgan Silver Dollar 1903 S $17k
Morgan Silver Dollar 1896 S $12k
Morgan Silver Dollar 1878 $12k
Morgan Silver Dollar 1904 S $8.5k
Morgan Silver Dollar 1892 CC $5,650
Morgan Silver Dollar 1894 S $5.5k
Morgan Silver Dollar 1891 O $4.5k
Morgan Silver Dollar 1893 $4.5k
Morgan Silver Dollar 1891 CC $3.5k
Morgan Silver Dollar 1892 O $3.2k
Morgan Silver Dollar 1891 $3k
Morgan Silver Dollar 1890 CC $3k
Morgan Silver Dollar 1889 O $2.5k
Morgan Silver Dollar 1892 $2,350
Morgan Silver Dollar 1879 O $2,350
Morgan Silver Dollar 1901 S $2.3k
Morgan Silver Dollar 1888 S $2.3k
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1989 P $345.22
1989 $345,000
1989 D $345
Image Name Mint Worth

Want more? Click here to see the most valuable coins ever minted.

Are 1902 O Morgan Silver Dollars Silver?

Yes! Morgan Dollar's produced in 1902 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 $9.53 more than the intrinsic value from silver content of $24.47, 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 1888 S Morgan Silver Dollar is $24.47 and this price is based off the current silver spot price of $31.64 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.