The value of a silver dollar in 1896 was $1, just as a silver dollar minted in 2015 has a value of $1. In 1896, however, $1 was the equivalent of $27.11 by 2015 standards.
A silver dollar minted in the year 1896 is commonly referred to by coin collectors as the Morgan dollar. Its value, as of 2015, ranges from $20.98 to $1,484. The two telling characteristics used to determine the Morgan dollar's value are the year and the coin's condition. A coin minted in 1896 containing an imprint of the letters "O" or "S" is valued higher than others. An uncirculated coin is more valuable than one in good condition.