How Much Is An 1895 Morgan Dollar Worth?
Values for the 1895 Morgan run from about $25,000–$40,000 (Impaired proof) to $250,000+ (Proof-67+). Here is what separates the bottom of that range from the top — and how to find out where your coin lands.
History of the 1895 Morgan Dollar
The 1895 Philadelphia is the "King of the Morgan Dollars." Mint records list 12,000 business strikes, but not a single one has ever been confirmed — researchers believe they were melted under the Pittman Act of 1918 without ever leaving the vaults. What survives are the 880 proof coins struck for collectors.
Roughly 600 to 650 proofs are believed to exist today, and every serious Morgan set is defined by whether it contains one. Even impaired proofs that saw mishandling bring tens of thousands of dollars.
The 1895 Morgan was struck in 1895, in proof only in 90% silver. Each coin weighs 26.73 grams. Production took place at Philadelphia — 880 proofs, no confirmed business strikes.
How much is an 1895 Morgan worth?
Prices for the 1895 Morgan move with the collector market and with the price of precious metals. Use the ranges below as a starting point for problem-free examples, not as a guarantee.
For a market check, recent sold results for the same coin in the same grade beat out-of-date price guides every time. AI Coin Collector shows the Numista catalogue price per grade for every coin it recognizes: a reference point, not a sale price or an offer.
- Impaired proof: $25,000–$40,000
- Proof-63: $55,000–$70,000
- Proof-65: $90,000–$130,000
- Proof-67+: $250,000+
How to identify a genuine 1895 Morgan Dollar
Authentication starts with the basics: weight, diameter, design details and the way the surfaces look. For the 1895 Morgan, check the following:
If anything feels off — the weight is wrong, the details are mushy, or the surfaces look cast rather than struck — get a second opinion before buying or selling. Valuable dates are exactly the coins counterfeiters target most.
- Every genuine 1895 Philadelphia dollar is a proof: mirror fields, squared rims and full strike.
- Circulated-looking "1895" dollars are altered 1885 dates or removed mint marks from 1895-O/S coins.
- The 1895-O and 1895-S are separate, collectible business-strike issues — check for a mint mark before dreaming.
Check your 1895 Morgan with AI Coin Collector
Instead of squinting at grainy auction photos, snap a picture with AI Coin Collector. Our own AI vision model suggests the type for you to confirm, the app estimates a Sheldon-scale grade from 1 to 70, and you see the Numista catalogue price per grade.
From there you can add the coin to a collection, see the collection’s total value and export it to CSV. The app is free to start and comes to Android first.
Frequently asked questions
How much is an 1895 Morgan worth?
Broadly, examples at the bottom of the market (Impaired proof) trade around $25,000–$40,000, while the strongest pieces (Proof-67+) bring $250,000+. Grade, rarity and eye appeal decide where a specific coin lands, and problem-free coins always bring the best prices.
How can I tell if my 1895 Morgan is genuine?
Start with the physical basics: every genuine 1895 Philadelphia dollar is a proof: mirror fields, squared rims and full strike. Counterfeits usually fail on weight, dimensions or fine die details, so compare your coin against verified reference photos before paying a premium.
Can an app identify and value my 1895 Morgan?
Yes. AI Coin Collector suggests an identification from a single photo using our own AI vision model — you check and adjust it — estimates a Sheldon grade from 1 to 70, and shows the Numista catalogue price per grade.