The value of an 1883 silver dollar in poor condition is estimated at $31, while a coin in outstanding or mint condition is valued around $185, as of 2015. The overall value of the coin largely depends on the condition of the coin.
The value of an 1883 silver dollar, also known as a Morgan silver dollar, is determined by visiting online coin collecting websites, researching the value in coin magazines and having the coin appraised by an expert.
Designed by George T. Morgan, an 1883 Morgan silver dollar contains 90 percent silver and 10 percent copper with a weight of 26.73 grams. Because of the high silver content, coins in poor condition may have more value to silver collectors than coin collectors, depending on current silver prices.
The 1883 Morgan silver dollar features the liberty head in profile on the face of the coin and a bald eagle with wings spread on the reverse. The design is raised relief, and the coin edges are ribbed or reeded. There is often no mint designation, which means the coin was minted at the Philadelphia Mint. When a mint designation is present, it refers to the New Orleans Mint (O) or the San Francisco Mint (S). More than 11,000,000 of these coins were minted.