Which mint mark is rarer: 1896-O or 1896-S?

The 1896-S Morgan Dollar is generally considered rarer, particularly in uncirculated grades. The 1896-O is less rare but can be tricky due to weak strikes.

Should I get my 1896 Silver Dollar graded?

Yes, grading by PCGS or NGC increases authenticity and resale value for collectors.

Market Analysis

1896 Silver Dollar Value, History & Collector’s Guide

Q: How much is a 1896 Silver Dollar worth?

Common circulated 1896 Silver Dollars typically range from $30–$60. Rare 1896-S Morgan Dollars in uncirculated condition can fetch $3,000 or more.

Explore the 1896 Silver Dollar value, history, mint marks, grading tips, and collector insights including rare 1896-O and 1896-S coins.

29 September 2025 Market Report

As a coin collector who has studied U.S. currency for years, I can say the 1896 Silver Dollar is one of the most fascinating Morgan Dollars. Collectors often ask, “How much is a 1896 Silver Dollar worth today?” The answer depends on mint mark, condition, and rarity.

1934 $20 Bill Front — image credits for i.ebayimg.com – Front Side

History of the 1896 Silver Dollar

The 1896 Morgan Silver Dollar was designed by George T. Morgan and minted in Philadelphia (no mint mark), New Orleans (O), and San Francisco (S). Each mint has its own collector appeal. Personally, when I first handled an 1896-S, I noticed how crisp the strike was compared to the 1896-O, which tends to be weaker.

Design Features

Obverse: Lady Liberty’s profile with "LIBERTY" on the headband, surrounded by stars and the motto "E Pluribus Unum."
Reverse: A bald eagle with outstretched wings holding arrows and an olive branch.

1896 Silver Dollar Value Guide

The value of a 1896 Morgan Dollar depends on grading and mint mark. Common Philadelphia coins in circulated condition sell for $30–$60, while rare 1896-S coins in MS-65+ condition can exceed $3,000.

Estimated Prices by Condition

Condition	1896 (No Mint Mark)	1896-O Morgan Dollar	1896-S Morgan Dollar
Good (G-4)	$30	$35	$45
Fine (F-12)	$40	$55	$120
Extremely Fine (XF-40)	$60	$150	$500
Mint State (MS-60+)	$150+	$400+	$3,000+

Factors Affecting Value

Mint Mark: “S” coins are rarer and more valuable.
Condition: Higher graded coins bring higher prices.
Market Demand: Morgan Dollars are consistently popular among collectors.

Collector Tips

Check authenticity – counterfeits exist, especially 1896-S.
Consider professional grading (PCGS/NGC) to increase trust and resale value.
Track silver prices – 90% silver content affects intrinsic value.

Conclusion

The 1896 Silver Dollar is a valuable and historically significant coin. Whether a common Philadelphia issue or a rare 1896-S, each coin tells a unique story. Collectors should focus on condition, mint mark, and grading to ensure both enjoyment and investment potential.

References

About the Author

Rakesh Roy is a currency and coin enthusiast who has been studying U.S. collectible coins for several years. With a special focus on Morgan Dollars, Rakesh has researched price trends, attended coin shows, and interacted with fellow collectors worldwide. He shares his insights to help beginners understand the true value of historic coins while avoiding common mistakes like cleaning or misgrading.