1892 Morgan Dollar

About This Coin

The 1892 Morgan Dollar is a United States dollar from the Morgan Dollars 1878-1921 series — 15th of 28 years in the series. In 1892, coins were struck at the Philadelphia, New Orleans, San Francisco, and Carson City Mints with a combined mintage of 7.7 million. This ranks 4th of 28 years by total mintage, below the series median of 28.0 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. Weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Collectors have cataloged 87 known die varieties for this date. Produced 3 years before the celebrated 1895 key date. Across its variants, estimated values range from $92 to $279K depending on mint mark, grade, and strike type. A notable auction result reached $630K in MS68 grade at Stack's Bowers. Designed by George T. Morgan.