The 1892-O Morgan Dollar (Buy on eBay) is noted as one of the most consistently poorly struck issues of the series. This will be apparent as flatness on the hair over the ear on the obverse and the eagle’s breast feathers on the reverse. Only a small proportion of coins with full strikes exist.
The weak strike combined with heavy abrasions and poor eye appeal make the appearance of attractive gem condition examples extremely sparse. There is a significant jump in value between the MS64 and MS65 grade levels, from less than $1,000 to more than $4,000. There is also a somewhat wide variation in price based on the attributes of individual examples. This is generally the case for many Morgan Dollars, but more so for this issue.
Th 1892-O Morgan Dollar is very seldom found with proof like or deep mirror proof like surfaces, which results in a hefty premium. An example graded PCGS MS65 DMPL sold for $57,500 at auction in June 2010.
1892-O Morgan Dollar Mintage and Specifications
- Mintage: 2,744,000
- Mint mark: O (New Orleans)
- Composition: 90% silver, 10% copper
- Weight: 26.73 grams
- Diameter: 38.1 mm