1891 Morgan Dollar

About This Coin

The 1891 Morgan Dollar is a United States dollar from the Morgan Dollars 1878-1921 series — 14th of 28 years in the series. In 1891, coins were struck at the Philadelphia, New Orleans, Carson City, and San Francisco Mints with a combined mintage of 23.6 million. This ranks 11th of 28 years by total mintage, below the series median of 28.3 million. 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. Struck in silver, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Collectors have cataloged 145 known die varieties for this date across 3 categories, including atypical die clash, retained cud, vam variety. Produced 4 years before the celebrated 1895 key date. Across its variants, estimated values range from $87 to $5.0K depending on mint mark, grade, and strike type. A notable auction result reached $109K in MS66 grade at Legend Rare Coin Auctions. Designed by George T. Morgan.