1883 Proof Morgan Dollar

Strike Type

Coin Details

Year

1883

Denomination

Dollar

Mint Mark

Strike Type

Proof

Series

Morgan Dollars 1878-1921

Designer

George T. Morgan

Mintage

1,039

Composition

90% Silver, 10% Copper

Weight

26.73g

Diameter

38.1mm

Edge

Reeded

Value Estimates

$4,720 - $4,720

Values as of May 2026 — estimates reflect typical grades (G-4 through MS-63). Coins in lower or exceptional grades may fall outside this range.

Auction Record

$27,600 PR68 06-17-2018 Heritage Auctions

Description

The 1883 Proof Morgan Dollar is a proof dollar struck at the Philadelphia Mint, part of the Morgan Dollars 1878-1921 series. With a mintage of 1,039, this is an extremely rare issue — ranked 2nd of 6 mint variants by mintage, with less than 1% of production. The obverse features Liberty facing left wearing a Phrygian cap adorned with wheat and cotton, encircled by stars and the reverse displays an eagle with outstretched wings clutching an olive branch and arrows, surrounded by a wreath. Struck during the Gilded Age of rapid industrialization and the great silver debates, when monetary policy shaped elections and economic destiny. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $4.7K. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7318.