Get ready to drop some cash if you are interested in buying 1892 Morgan Silver Dollars. All issues from that year were minted in small quantities, and surviving populations are even smaller thanks to meltings, such as those that occurred in conjunction with the Pittman Act of 1918. Helping boost prices even further is high demand from the thousands of Morgan Silver Dollars who need each of the regular-issue strikes below to complete their date-and-mintmark sets.
The 1892 Morgan Silver Dollar was produced in four mints: Carson City, New Orleans, Philadelphia, and San Francisco. The most valuable 1892 Morgan Silver Dollar carries the "CC" mintmark used by the Carson City Mint. It always carries a premium value because of very low production, making it the rarest 1892 Morgan Dollar. The New Orleans Mint used an "O" and the San Francisco Mint an "S”. The main mint in Philadelphia did not use a mintmark. Proof examples of Morgan Dollars from all years, including 1892, are rare which makes them expensive.
1892 Morgan Silver Dollar Mintage Figures
- 1892: 1,036,000; $50+
- 1892-CC: 1,352,000; $300+
- 1892-O: 2,744,000; $35+
- 1892-S: 1,200,000; $125+
- 1892 Proof: 1,245; $3,500+
Coin collectors who are only interested in building a year set of Morgan Silver Dollars (one from each year the series was struck) will naturally gravitate toward the New Orleans Mint issue, which is quite affordable in the lower circulated grades. The Philadelphia Mint issue doesn’t fall far behind in terms of affordability. It is highly recommended that if you buy the 1892-S and/or the 1892-CC Morgan Dollar that they be authenticated, graded, and slabbed, as there are numerous counterfeit Morgan Dollars on the market masquerading as the costly key-date coins. The 1892 proof Morgan Dollar is one of the most expensive proof issues for the series and should also be bought slabbed if at all possible. Slabbed coins are placed in special holders and graded by various coin-grading companies to determine what condition the actual coin is in. This is best way to safeguard your investment in an 1892 Morgan Silver Dollar.