An 1889 Morgan silver dollar is worth between $27.11 to over $2,352, as of 2014 valuations. The value of the coin is based on its condition and the place where it was minted.
Coins minted at the Philadelphia mint are worth the least, followed by those minted in New Orleans, San Francisco and Carson City. Because Carson City minted coins in much smaller numbers than the other U.S. Mint facilities, those coins are worth over 15 times as much as those from other locations. For example, a good condition coin from Philadelphia is valued at $27.11, while one from Carson City can be worth as much as $425.