Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: New Orleans
Mintage: 300,000
Catalog: KM-110
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $15.73 (8/2/2014)
Diameter: 38.1mm
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1893 O S$1 MS obverse 1893 O S$1 MS reverse


  
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There are no varieties for this coin.

Description & Analysis

The 1893-O has the lowest mintage of all New Orleans dollars with only 300,000 pieces struck. After all the circulated, heavily bagmarked, and weakly struck coins are factored out of the number that remain, one realizes that this is a very challenging issue from the 1890s.

As 1893 began, the American economy experienced a deep depression. Many lost their jobs, banks closed and business slowed quickly. The need for new coinage fell too, with orders falling to a fraction of previous years during better economic times. What few Morgan dollars were coined likely sat around in vaults, only to be scooped up in 1918 to be melted under the Pittman Act. Hence, this date is quite rare and very difficult to find in Gem condition.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 2/10/2014

Click on a price to see historical prices, comparison charts and trends.

1893 O S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 160 200 230 345 560 560 815 950 1250 1775 2600 3400 4400 7250 18000 195000 317500 - - - -
$ 625 915 1150 1500 2200 3000 3850 5175 10000 26000 235000 - - -
1893 O S$1 MS Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - 1900 2750 3600 4800 9500 32500 250000 375000 - - - -
$ - - - - 2350 3150 4100 6000 14500 42500 300000 - - -
1893 O S$1 MS Deep Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - 5000 10500 25000 100000 325000 - - - - -
$ - - - - - - 6500 13500 30000 140000 400000 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2975
Low Grade: PrAg
Average Grade: 50
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
3/20/1996 PCGS VG 8   Teletrade Auction 0825, 825/Lot# 777 $59.95
12/3/2006 NGC VF 25   Heritage Auctions Sunday Internet Coin Auction #66122, 66122/Lot# 25031 $333.50
7/23/2009 NGC AU 58   David Lawrence Rare Coins Thursday - Internet Auction # 395, 401/Lot# 8853 $1,109.75
7/7/2011 PCGS VG 8   Heritage Auctions 2011 July Orlando Summer FUN Signature US Coin Auction Session(5), 1157/Lot# 9247 $184.00
1/29/2012 NGC G 6   GreatCollections GreatCollections Coin Auctions 01/29/2012, 5/Lot# 35267 $165.00
2/28/2012 PCGS MS 62   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 8416 $3,450.00
5/27/2012 NGC   Goldberg May 27-31, 2012 The May Pre-Long Beach Auction, 69/Lot# 811 $632.50
6/3/2013 PCGS MS 64   Bonhams Coins and Medals, 20971/Lot# 2191 $14,625.00


NGC Registry

NGC Registry Score 1893 O S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base183336437575642908966102113701563181319611961230233324669129371525216148223964202765467
23436948359773092798411371434164618621961207426453777742513708155501823028939498400
0000009841137143416461862196120742645377774251370815550182302893900
000000100212531498172919111961218829884223101811448015849203133548300
1893 O S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base3333336421021137015631813196119612302340660891311215252201532746589628134561
33333216768113714341646186219612074267043008430138251688522590481861046050
0000007681137143416461862196120742670430084301382516885225904818600
00000089412531498172919111961218830385194107711453818519250276890700
1893 O S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base33333364210211370156318131961196123024187748713478188662746536576112824134561
33333216768113714341646186219612074293052879484152742173230502619921200690
0000007681137143416461862196120742930528794841527421732305026199200
00000089412531498172919111961218835586387114811707024598335398740800
Registry Image Gallery
Grade: MS 63
Points: 3332
Owner: Davis Creek Trust
 
Grade: MS 63
Points: 3332
Owner: Mack's Morgans
 
View the Registry Image Gallery

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