1893 Morgan Dollar
Guidelines for Collecting:
Among Philadelphia Mint dollars, the 1893 is one of the more elusive issues in Mint State. Worn examples are scarce as well, but when found, offer an economical alternative to an Uncirculated 1893. Circulation strike coins are usually above average, but the Proof strikes of the 1893 dollar are usually lightly struck at the centers. Luster, however, is usually frosty and attractive.
Availability in Circulated Grades:
This modest-mintage date is available in most circulated grades from well-worn to AU, though any of the grades along the way can be considered elusive at the least. A pleasing EF or AU coin is ideal for a circulated Morgan dollar set, though some patience will be required to find just the right piece.
Availability in Mint State Grades:
The date is available in Uncirculated grades but mainly at the MS-60 to 62 levels. At MS-63 and finer grades the date is scarce and not often found in the marketplace. Not many bags of this date have ever been available, though a few came to light in the early 1950s and again in the Treasury releases of the early 1960s. Diligence pays off here and a pleasing MS-64 example with a crisp strike and strong luster will be its own reward in your Morgan dollar set.
Availability in Proof:
Always available in Proof for those interested. Proofs of this date have been called the most poorly struck of all the Proof Morgan dollars. If you desire one, look for full hair details above Liberty’s ear and you’re on the right track.
The example to the left was sold by Stack's Bowers Galleries in the Spring 2022 Showcase Auction, where it realized $10,800.
1893 Morgan Dollar Auction Highlights
 PCGS PR-68 Sold for $31,200 View Lot 5259 |  PCGS PR-67 CAM, CAC Sold for $21,600 View Lot 1236 |  PCGS MS-65+, CAC Sold for $12,925 View Lot 153 |
