Coin Specifications

Category: Morgan Dollars (1878-1921)
Mint: New Orleans
Mintage: 4,004,000
Obverse Designer: George T. Morgan
Reverse Designer: George T. Morgan
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $19.79 (8/2/2021)
Diameter: 38.1mm
Edge: Reeded
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1897 O $1 MS obverse 1897 O $1 MS reverse
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Description & Analysis

The New Orleans Mint coined just over 4 million Morgan dollars in 1897. Most had poor strikes and dull luster, and many were placed into circulation. Unfortunately. that means that uncirculated examples of all grades are rare today.

GRADE SUMMARY

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Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

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Price Guide

Last Updated: 5/19/2021

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

1897 O $1 MS
  GVGFVFXF505355586061626364656667686970
Base $ 45.00 47.00 50.00 52.00 70.00 90.00 120 180 375 1100 1375 2000 4350 12500 60000 82000 180000 - - -
$ 80.00 - - 240 520 - 1700 2700 6500 29000 - 155000 - -
1897 O $1 MS PL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - 450 550 850 1500 2800 6650 12000 - - - - - - -
1897 O $1 MS DPL
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - 2600 4000 5500 12500 25000 46500 - - - - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 7425
Low Grade: PrAg
Average Grade: 55
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 7/27/2021 1897 O $1 MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base72417221091034725519471434214223463742520627611---7365
-----------------------
---------27-371-------20
-----------------------
Total72417221091034725519471436214923464043220727611---7385
 0%0%0%0%1%1%6%7%13%19%29%3%9%6%3%0%0%0%0%--- 
1897 O $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------1138948821------45
-----------------------
-----------------------
-----------------------
Total------1138948821------45
 ------2%2%7%18%20%9%18%18%4%2%------ 
1897 O $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------6-2511------15
-----------------------
-----------------------
-----------------------
Total----------6-2511------15
 ----------40%-13%33%7%7%------ 

NGC Registry

NGC Registry Score 1897 O $1 MS PL
 PrAgGVGFVF4045505355586061626364656667686970
Base793820849879908940971100410361110123916581969373049355137534555595779600665628536
802830859889919950982101510611153137917622556413250025206541656325855619172208963
000000982101510611153137917622556413250025206541656325855619100
000000993102510851196151818653143453350705276548857065930637700
1897 O $1 MS DPL
 PrAgGVGFVF4045505355586061626364656667686970
Base2250231123722435249925642631269927672838290929823057546670779588100741057811100116411254415685
2270233123932456252125862654272227912862293330073860600379149750102421075211280119421359116469
00000026542722279128622933300738606003791497501024210752112801194200
00000026762744281428852958303246636540875199121041010926114611224300
1897 O $1 MS
 PrAgGVGFVF4045505355586061626364656667686970
Base11511913914716322025536645056389115581886267137476473106531275714751152031630320094
116126142152182232292394488672111316672148303046567866113541342214902155701756721099
0000002923944886721113166721483030465678661135413422149021557000
0000003294225257821336177724093388556492601205614086150521593600
Registry Image Gallery
Grade: MS 63
Points: 3747
Owner: Mr. Hill
 
Grade: MS 63
Points: 3747
Owner: RJ JR
 
View the Registry Image Gallery

Related Articles

Counterfeit Detection: 1897-O Morgan Dollar

11/16/2010 — We were recently surprised by the submission of an 1897-O Morgan dollar that was wholly counterfeit and not the typically seen added mintmark alteration.
View full article >


NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.