1903 Morgan Dollar
Strike Type
Coin Details
Value Estimates
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
$36,000 MS68 11-19-2023 Heritage Auctions
Description
The 1903 Morgan Dollar is a dollar produced at the Philadelphia Mint as part of the Morgan Dollars 1878-1921 series. With a mintage of 4.7 million, this is a less common issue — the highest mintage among 4 variants, accounting for 40% of the year's 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. The 1903-O was unknown in quantity until a Treasury vault release made thousands available, dramatically changing the coin's market status. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value ranges from $99 to $517 depending on grade and condition. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #7284.
External References
Error Varieties(37)
1903-P VAM-1
1903-P VAM-1A
1903-P VAM-1B
1903-P VAM-1C
1903-P VAM-1D
1903-P VAM-2
1903-P VAM-3
1903-P VAM-4
1903-P VAM-5
1903-P VAM-5.1
1903-P VAM-5.2
1903-P VAM-6
1903-P VAM-6A
1903-P VAM-7
1903-P VAM-8
1903-P VAM-9
1903-P VAM-11
1903-P VAM-11.1
1903-P VAM-11.2
1903-P VAM-11.3
1903-P VAM-11.4
1903-P VAM-11.6
1903-P VAM-11.7
1903-P VAM-11A
1903-P VAM-11B
1903-P VAM-12
1903-P VAM-12A
1903-P VAM-13
1903-P VAM-13A
1903-P VAM-14
1903-P VAM-15
1903-P VAM-16
1903-P VAM-17
1903-P VAM-17A
1903-P VAM-18
1903-P VAM-20
