$1 1892 KEY DATE MORGAN SILVER DOLLAR
Lot Number:14
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Start Time:6/2/2024 4:00:00 AM
End Time:7/7/2024 10:06:30 PM
Bid Count:3
Current High Bidder:I****m
Starting Bid:$1.00
Bid Increment:$1.50
Current Bid:$21.50

The 1892 Morgan silver dollar is considered a key by coin collectors, meaning it was minted in lower quantities compared to other years in the series. This scarcity contributes to its value.

Here's a breakdown of what affects the value of your 1892 Morgan dollar:

Mintmark:

  • There are two mintmarks to look for:
    • No mintmark: This indicates the coin was minted in Philadelphia, which is the most common variety.
    • "O" mintmark: This signifies coinage at the New Orleans mint. The 1892-O Morgan Dollar is scarcer than the Philadelphia mint version and can be significantly more valuable, sometimes by several thousand dollars.

Condition:

  • The condition of your coin is a major factor influencing its value. Professional grading services like PCGS or NGC assign a grade (typically on a 70-point scale) reflecting the coin's condition. Here's a general range:

    • Circulated (AG-VG):
      • Philadelphia (No mintmark): $40 - $200 (depending on wear)
      • New Orleans (O mintmark): $275 - $1000+ (due to its relative scarcity)
    • Extremely Fine (XF): Both mintmarks can see a jump in value, reaching several hundred dollars or more.
    • Uncirculated (MS): Prices can go much higher for uncirculated specimens, especially for the New Orleans mintmark, potentially reaching tens of thousands of dollars depending on the specific MS grade.

Additional Factors:

  • Luster: Mint shine remaining on the surface can enhance value, especially for higher grades.
  • Toning: Natural toning can add aesthetic appeal and value, but excessively dark or unattractive toning can detract.
  • Strike: A well-struck coin with sharp details is more desirable and valuable than a weakly struck coin with weak details.

Recommendations:

  • To determine the exact value of your 1892 Morgan dollar, consider getting it professionally graded by a service like PCGS or NGC. This will identify the mintmark and assign an accurate grade, allowing for a more precise value assessment.
  • Research online auction results and dealer listings of graded 1892 Morgan dollars with similar characteristics (mintmark and condition) to understand current market prices.
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Michigan
United States