1883 Silver Dollar Value Guide

The 1883 Silver Dollar Value

The 1883 silver dollar has comparative value across grades up to about uncirculated from Philadelphia, New Orleans, and San Francisco. 

Those from Carson City are worth more across these grades. This is because fewer coins were minted here. 

You will see a significant jump in the mint-state grades.

Prooflike and deep (mirror) prooflike versions will increase the coin’s value. Those from San Francisco are worth the most due to their rarity. 

Proof-strike coins are more valuable because of the lower number minted and higher quality. This is especially true of the proof-strike coins from New Orleans, which are worth considerably more.

An N/A for a value below indicates no publicly known examples of that version of the 1883 silver dollar with that grade, or no value information (or not enough) exists for it yet.

Additionally, all values are conservative estimates based on research. Please note all values are subject to change due to the market or circumstances unaccounted for during research and publication. We always recommend doing further research or consulting with a professional.

Melt Value

The 1883 silver dollar’s melt value is approximately $17. The melt value will fluctuate with the market.

Circulation Strike Value Chart

	Coin Names And Coin Values
Grade Names	1883 Silver Dollar	1883-CC Silver Dollar	1883-O Silver Dollar	1883-S Silver Dollar
Good – G	$35	$135	$35	$36
Very Good – VG	$37	$150	$36	$38
Fine – F	$38	$175	$37	$41
Very Fine – VF	$42	$200	$42	$60
Extra Fine – XF	$49	$212	$51	$127
About Uncirculated – AU	$52-$66	$225-$270	$52-$66	$205-$850
Mint State – MS	$72-$55,000 (68+)	$312-$66,000 (68)	$72-$7,300 (67+)	$1,200-$192,000 (67)

Circulation Strike Prooflike (PL) Value Chart

	Coin Names And Coin Values
Grade Names	1883 Prooflike Silver Dollar	1883-CC Prooflike  Silver Dollar	1883-O Prooflike Silver Dollar	1883-S Prooflike Silver Dollar
MS 55 PL	N/A	N/A	N/A	$548
MS 58 PL	$73	N/A	N/A	$570
MS 60 PL	$85	$342	$97	$1,400
MS 61 PL	$97	$370	$107	$1,800
MS 62 PL	$130	$430	$122	$2,500
MS 63 PL	$200	$470	$162	$7,500
MS 64 PL	$262	$545	$195	$13,000
MS 65 PL	$637	$837	$380	$60,000
MS 66 PL	$2,000	$1,500	$2,000	$125,000
MS 67 PL	N/A	$9,700	N/A	$282,000
MS 68 PL	N/A	N/A	N/A	N/A
MS 69 PL	N/A	N/A	N/A	N/A
MS 70 PL	N/A	N/A	N/A	N/A

Circulation Strike Deep (Mirror) Prooflike (DPL/DMPL) Value Chart

	Coin Names And Coin Values
Grade Names	1883 Deep (Mirror) Prooflike Silver Dollar	1883-CC Deep (Mirror) Prooflike Silver Dollar	1883-O Deep (Mirror) Prooflike Silver Dollar	1883-S Deep (Mirror) Prooflike Silver Dollar
MS 60 DPL/DMPL	$190	$317	$147	N/A
MS 61 DPL/DMPL	$217	$362	$172	N/A
MS 62 DPL/DMPL	$255	$475	$220	$14,000
MS 63 DPL/DMPL	$387	$552	$287	N/A
MS 64 DPL/DMPL	$650	$737	$510	$102,000
MS 65 DPL/DMPL	$1,600	$1,500	$1,200	N/A
MS 66 DPL/DMPL	$7,500	$3,200	$4,900	N/A
MS 67 DPL/DMPL	N/A	$23,000	$10,000	N/A
MS 68 DPL/DMPL	N/A	N/A	N/A	N/A
MS 69 DPL/DMPL	N/A	N/A	N/A	N/A
MS 70 DPL/DMPL	N/A	N/A	N/A	N/A

Proof Strike (PR) Value Chart

	Coin Names And Coin Values
Grade Names	1883 Proof Silver Dollar	1883-O Proof Silver Dollar
PR 50	$1,000	N/A
PR 53	$1,100	N/A
PR 55	$1,200	N/A
PR 58	$1,400	N/A
PR 60	$2,100	N/A
PR 61	$2,200	N/A
PR 62	$2,600	N/A
PR 63	$3,800	N/A
PR 64	$4,400	$225,000
PR 65	$6,600	N/A
PR 66	$9,400	N/A
PR 67	$17,000	N/A
PR 68	$34,000	N/A
PR 69	N/A	N/A
PR 70	N/A	N/A

Cameo (CA/CAM) Proof Strike (PR) Value Chart

	Coin Names And Coin Values
Grade Names	1883 Cameo Proof Silver Dollar	1883-O Cameo Proof Silver Dollar	1883-CC Cameo Proof Silver Dollar
PR 60 CA/CAM	$2,500	N/A	N/A
PR 61 CA/CAM	$2,800	N/A	N/A
PR 62 CA/CAM	$3,100	N/A	N/A
PR 63 CA/CAM	$4,100	N/A	N/A
PR 64 CA/CAM	$5,600	N/A	N/A
PR 65 CA/CAM	$8,900	N/A	$195,000
PR 66 CA/CAM	$11,000	N/A	N/A
PR 67 CA/CAM	$21,000	$437,000	N/A
PR 68 CA/CAM	$48,000	N/A	N/A
PR 69 CA/CAM	N/A	N/A	N/A
PR 70 CA/CAM	N/A	N/A	N/A

Ultra/Deep Cameo (UC/DCAM) Proof Strike (PR) Value Chart

1883 Ultra/Deep Cameo Proof Morgan Silver Dollar
Grade Names	Coin Values
PR 60 UC/DCAM	N/A
PR 61 UC/DCAM	N/A
PR 62 UC/DCAM	N/A
PR 63 UC/DCAM	N/A
PR 64 UC/DCAM	N/A
PR 65 UC/DCAM	N/A
PR 66 UC/DCAM	$19,000
PR 67 UC/DCAM	N/A
PR 68 UC/DCAM	N/A
PR 69 UC/DCAM	N/A
PR 70 UC/DCAM	N/A

What Makes An 1883 Silver Dollar Valuable?

Many things can make the 1883 silver dollar more valuable, such as mint marks, special designations, die varieties, strike types, rarity, grading, and error coins. 

Let’s start with grading.

Grading

High grades of the 1883 silver dollar are more valuable.  

The higher grades from the San Francisco Mint are very rare and worth a premium. An 1883-S graded MS 67 is worth over $190,000. A prooflike 1883-S MS 67 PL has a value of over $280,000. 

Lower grades of the 1883 silver dollar will be worth less but are still worth at least $365 and up. 

Rarity

The Mint minted 1883 silver dollars approximately 28,470,051 times across all its versions. Please see the following list for the breakdown for each version:

• 1883: 12,290,000 minted in Philadelphia^1-2
• 1883-CC: 1,204,000 minted in Carson City^3-4
• 1883-O: 8,725,000 minted in New Orleans^5-6
• 1883-S: 6,250,000 minted in San Francisco^7-8
• 1883 Proof: 1,039 minted in Philadelphia^17-18
• 1883-O Proof: 12 minted in New Orleans^19-20
• 1883-CC Proof: Estimated 2 minted in Carson City^23-24

The 1883 silver dollar is not a rare coin in the Morgan series. They are readily available across the grades.

Rarity increases in the higher grades, especially those from San Francisco. 

Prooflike, deep (mirror) prooflike, and proof-strike coins are less common and more valuable. 

There are only 2 known proof coins struck in Carson City, making this an extremely rare coin. 

Mint Marks

There were fewer 1883 silver dollars minted in Carson City (a “CC” mint mark) than anywhere else.^3-4 As a result, these are the most valuable coins. 

This is followed by those minted in San Francisco (“S” mint mark),^7-8 particularly in the higher grades, then followed by New Orleans (with an “O” mint mark),^5-6 with those from Philadelphia (no mint mark) being the least valuable of the bunch.^1-2  

Strike Types

The 1883 silver dollar has circulation-strike and proof-strike versions.^26-27

There are also cameo and ultra/deep cameo versions of the proof strike. 

A proof-strike coin can be graded lower than 60.^33-34 These are impaired proofs because they may have been circulated, cleaned, or show wear.^33-34 

Due to its rarity, a proof strike from the New Orleans Mint graded at PR 64 is over 50 times more valuable than a PR 64 from Philadelphia. 

Design Variations

The 1883 silver dollar has no design variations. 

Special Designations

Prooflike and deep (mirror) prooflike are the 2 special designations for the 1883 silver dollar..^2,4,6,8-16

These are still circulation-strike coins but have some proof-strike coin qualities, such as the reflective look of the field.  

Deep (mirror) prooflike coins are the most valuable, followed by prooflike. 

Error Coins 

Errors can add value to coins. Some known 1883 silver dollar error coins that have increased the coin’s value are broadstrike errors and struck off-center errors.²⁸  

A broadstrike error is when the Mint strikes a coin without its collar.³⁹ The Mint uses a collar to limit the size of the coin, so when struck without one, the planchet spreads, and the coin ends up being larger than desired.³⁹

When a coin is struck off-center, the dies are misaligned.⁴⁰ This results in the design being pushed a certain amount of degrees in any direction.⁴⁰ Often, part of the design is also missing. 

The off-center direction is usually referred to as the numbers on a clock.⁴¹ For example, if a coin is said to be “struck off-center towards 3 o’clock,” it means the design has been shifted directly to the right of the coin. 

Die Varieties

The 1883 silver dollar has several die varieties. Known as VAMs (taken from the creators’ last names, (Leroy C.) Van Allen and (A. George) Mallis), these varieties relate to Morgan and peace dollars.

Some notable varieties for 1883 silver dollars are the following:

• 1883-P VAM-10 (doubled date and stars on the obverse side)²⁹
• 1883-CC VAM-5 (doubled date on the obverse side and doubled mint mark on the reverse side)³⁰
• 1883-O VAM-4 (repunched mint mark on the reverse side and partially doubled date on the obverse side)³¹
• 1883-S VAM-14 (mint mark punched out of place on the reverse side and doubled date on the obverse side)³²

Composition

The 1883 silver dollar is 90% silver. The value of the silver will depend on the fluctuating market.

We strongly advise you not to melt your coin. The value of selling the coin will be greater than its melt value. 

How Do You Know If You Have A Valuable 1883 Silver Dollar?

The best way to know if you have a valuable 1883 silver dollar (or any coin) and to get that value out of it is to have it professionally certified.

However, you can look for many elements to get you started in determining what coin you have.

Let’s start with grading.

Grading

You want to look for higher mint-state grades of 1883 silver dollars, as these are rarer.

A higher mint-state coin will show very few scratches or imperfections and be well-struck.^33-35

Prooflike and deep (mirror) prooflike will have a highly reflective look to the field.  

Mint Marks

Look below the laurel wreath on the reverse side of your 1883 silver dollar for the mint mark.

A “CC” means the coin is from the Carson City Mint. This is the most valuable.

An “S” means it is from the San Francisco Mint.

An “O” means it is from the New Orleans Mint.

If there is no mint mark on your coin, it is from the Philadelphia Mint.

Strike Types

The strike quality of the 1883 silver dollar is generally high. 

A proof-strike coin will show significantly more detail than a circulation-strike coin. A key element of a proof strike is its mirror-like look.^33-35 

For cameo versions of the proof strike, you will see an even more mirrored finish on the coin’s field, and the design element (such as the eagle) will be frosted.^33-35 This creates contrast between the two. 

For an ultra/deep cameo proof strike, the contrast between the mirror-like finish and the frosting of the device will be even greater. 

Design Variations

The 1883 silver dollar has no design variations.

Special Designations

Knowing if your 1883 silver dollar is prooflike or deep (mirror) prooflike can be challenging. 

Remember, a prooflike or deep (mirror) prooflike coin is still a circulation-strike coin and has not gone through the same care in the minting process as a proof-strike coin. 

A prooflike coin will have a reflective field on both sides. This reflective quality will be even greater on a deep (mirror) prooflike coin.

Error Coins

For a broadstrike error, your coin will have all the design features of a normal coin but will have more metal around the edge. In other words, your coin will be larger than a normal 1883 silver dollar.

It is quite easy to tell if you have a coin that is struck off-center. The design will be shifted in one direction. Also, look to see if parts of the design are missing. 

Both of these errors can increase the value of your coin.

Die Varieties

An 1883 VAM-10 shows the whole date as doubled on the obverse side of the coin. The second 8 shows a dash underneath. The stars on the right side of the date exhibit multiple doublings. This doubling can be up to six times.²⁹ 

An 1883-CC VAM-5 shows a doubled date on the obverse side. There is also a dash under the second 8 of the date. The “CC” mint mark is doubled on the reverse side. There is also a gouge in the eagle’s mouth.³⁰ 

An 1883-O VAM-4 features a repunched mint mark. You will see the top curve of the original “O” in the middle of the repunched “O” and curved lines below. The “18-3” of the date is doubled on the obverse side.³¹ 

An 1883-S VAM-14 shows the “S” mint mark punched high and to the left of its normal place. The “18-3” of the date is doubled. A die chip is also between the loops on the left-hand side of the first “8.”³² 

Additional Information About The 1883 Silver Dollar

History

The Morgan dollar, named after its designer George T. Morgan, was minted by the U.S. Mint from 1878-1904 and for one year in 1921. They returned in 2021 and on.

1883 was the 6th year of minting the Morgan silver dollar. 

In general, Morgan dollars from the Carson City mint are popular and valuable to collectors because of their scarcity. 

However, 1883 was one of the highest mintage years from Carson City for the Morgan dollars. Additionally, a high percentage of the 1883-CC dollars survived as they were kept by the U.S. Treasury and later sold by the General Services Administration (GSA) in the 1970s and 1980s. 

^{Sources: 1-8,26-27,38}

The Coin’s Obverse Side

The left profile of Lady Liberty is in the center of the obverse side of the 1883 silver dollar. 

She wears a cap, a headband inscribed with “Liberty,” and flowers in her hair. Morgan’s initial “M” is at the base of her neck.

The motto of the United States of America, “E Pluribus Unum” follows the rim’s curve above her head. This means “Out of many, one.” 

At the bottom of the coin is the year “1883.” To the left, 7 stars curve up to  “E Pluribus Unum.” 6 stars curve up to the right. 

^{Sources: 1-2}

The Coin’s Reverse Side

An eagle features on the reverse side of the 1883 silver dollar. Its wings are spread, and it holds 3 arrows and an olive branch.

Above its head is “In God We Trust”. 

Beneath the eagle is a laurel wreath tied with a bow. On the left loop of the bow is Morgan’s initial “M.”

Below the bow of the wreath will be, if present, the mint mark. 

A “CC” indicates the coin is from Carson City, an “O” indicates it’s from New Orleans, and an “S” indicates it’s from San Francisco. 

No mint mark means it’s from Philadelphia.

Circling the coin’s rim is “United States of America” at the top and “One Dollar” at the bottom. A star separates these two on each side. 

^{Sources: 1-8}

Sources

1883 Silver Dollar Value Guide Sources