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: $12.18 (12/25/2014)
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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VarietyPlus®

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: 12/16/2014

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

1893 O S$1 MS
  GVGFVF4045505355586061626364656667686970
Base $ 150 200 230 345 560 560 815 950 1250 1775 2600 3700 5100 7750 18000 195000 317500 - - - -
$ 625 915 1150 1500 2200 3000 4100 5500 10000 26000 235000 - - -
1893 O S$1 MS Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - 2400 3050 4250 6500 10500 35000 250000 375000 - - - -
$ - - - - - - - - - - - - - -
1893 O S$1 MS Deep Prooflike
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - 5000 10500 25000 100000 325000 - - - - -
$ - - - - - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 3065
Low Grade: PrAg
Average Grade: 50
High Grade: 66


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
12/30/2014 VG Details  Heritage Auctions Internet Coin Auction Session(2), 131452/Lot# 29586
12/30/2014 VF 25   Heritage Auctions Internet Coin Auction Session(1), 131452/Lot# 29228
1/12/2015 MS 64  Deep Prooflike Heritage Auctions 2015 January 7 - 12 FUN US Coins Signature Auction - Orlando Session(2), 1216/Lot# 4195


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
9/10/2006 PCGS AU 50   Goldberg September 10-13, 2006 Pre-Long Beach Coin and Currency Auction, 37/Lot# 3182 $690.00
11/3/2010 NGC AU 58   Stack's Bowers The November 2010 Baltimore Auction, 44/Lot# 4264 $978.65
3/8/2012 NGC AU 58   Heritage Auctions 2012 March 8-9 US Coin Signature Auction - New York Session(1), 1168/Lot# 3702 $1,380.00
7/12/2012 PCGS MS 64   Heritage Auctions 2012 July 12-15 US Coin Summer FUN Signature Auction - Orlando Session(2), 1172/Lot# 4399 $12,650.00
11/11/2012 NGC F 12   Teletrade Auction 3379, 3379/Lot# 2118 $161.00
6/3/2013 PCGS MS 64   Bonhams Coins and Medals, 20971/Lot# 2191 $14,625.00
12/22/2013 NGC AU 50   GreatCollections GreatCollections Coin Auctions 12/22/2013, 106/Lot# 156063 $700.00
7/6/2014 NGC Details XF Details  GreatCollections GreatCollections Coin Auctions 07/06/2014, 188/Lot# 199772 $390.00
8/10/2014 PCGS VF 25   David Lawrence Rare Coins Internet Auction # 816, 825/Lot# 230 $350.00


NGC Registry

NGC Registry Score 1893 O S$1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base50752762068490012191303152116581928231928073194360144996545151301759818113186391991624295
51455864175610061247137615671748205824822936333039005181940715953177701828819065213760
00000013761567174820582482293633303900518194071595317770182881906500
000000144816121838218926443065346542005863122681677517941184641949000
1893 O S$1 MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base1832188419361991204621022160221822782339240128853281374750498200163531850519039195852090925445
1849190119542009206521212179223822982360256230173436418160991091817070186831922120026224210
000000217922382298236025623017343641816099109181707018683192212002600
000000219922582319238027243149359246157150136351778818861194032046800
1893 O S$1 MS Deep Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base28612933300630813157323533133394347635593644373038175264743112178177231848619274200852143426052
2885295730313106318332613340342135043587367337594299598690131402617977187491954420535229730
000000334034213504358736733759429959869013140261797718749195442053500
0000003367344935313616370137884782670910596158751823219011198152098400
Registry Image Gallery
Grade: MS 63
Points: 4499
Owner: Davis Creek Trust
 
Grade: MS 63
Points: 4499
Owner: Mack's Morgans
 
View the Registry Image Gallery

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