The value of a Morgan Silver Dollar from 1878 to 1904 can vary greatly, and as a collector, you’re probably looking at more than just its bullion value. Factors like the year, mint mark, condition, and rarity significantly influence the coin’s worth. Typically, common date Morgans in average circulated condition range between $20 to $50. However, certain dates and mint marks, such as the ones from the Carson City Mint (marked “CC”), can carry a much higher premium. For example, coins from 1878 with a Carson City mint mark or other rarer varieties are considered highly desirable and can justify a higher price.
Uncirculated Morgan Dollars (Mint State, MS) generally start around $60, but they can easily range into the hundreds or even thousands of dollars if they are high grade or have particular historical significance. The 1878 8 Tail Feathers variety is an example where MS60 conditions can fetch prices well over $300, which makes them a worthy addition to any collection.
If the Morgan Silver Dollar you are considering for $155 is in uncirculated or near-uncirculated condition, and/or it has a desirable mint mark like Carson City, then this price could be reasonable, even a solid buy. On the other hand, if it’s a common date Morgan with considerable wear and no significant distinguishing features, $155 would be above market value for that type. You can buy it on the ebay.
Since you’re passionate about adding this to your collection, I recommend closely examining the specifics: make sure to know the exact year, mint mark, and, most importantly, the coin’s condition. If it is graded and certified by a reputable grading service like PCGS or NGC, that’s even better for ensuring authenticity and value. As a collector, having a high-grade or key date Morgan can be immensely satisfying, and even if you pay a slight premium, it could be worth it to complete or enhance your collection.
Ultimately, if this specific coin fills a gap in your collection or holds personal value, the $155 may be worth it. Just do your due diligence by checking current market prices and confirming the authenticity and condition of the coin before purchasing. After all, a coin that holds meaning for your collection can often be worth a little extra.
You can learn more about Morgan Silver Dollar in the coin database.