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For a live market check, recent sold listings beat out-of-date price guides every time. CoinVault Pro combines Numista catalog data with real eBay sold prices for every coin it recognizes, so you can see what buyers are actually paying this month — not what a book claimed years ago.
- 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 CoinVault Pro
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From there you can add the coin to your collection, track its value over time, put upgrades on your wishlist, or list it on the in-app marketplace with escrow protection. The app is free to download on iOS and Android.