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Product Information

Q. David Bowers
The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993)

Numismatic Information

Hoard coins: Vast quantities of Uncirculated 1896 dollars were released in the mid-1950s and early 1960s, making this one of the most plentiful of all Philadelphia Mint dollars, and one of the most frequently seen Morgan dollars dated in the 1890s. I imagine that half a million or more Mint State coins exist, and the number may be well over a million.

John B. Love handled 16 or 17 bags from the Redfield estate, selling many of these to John Kamin of The Forecaster newsletter. However, the Redfield coins were just a drop in the ocean in relation to the total number of Uncirculated coins in existence.
Among rare coin dealers there is an awareness that if it is a Morgan dollar and if it is dated in the 1890s, chances are good that it may be rare. The most obvious exception is the 1896-which is among the most common of all Morgan dollars. Other contenders are 1897, 1898-O, and 1899-O.

Circulated grades: In all worn grades the 1896 dollar is extremely common. Many are in higher grades and are specimens that were first put into circulation in the 1950s. As is true with all other common dates of Morgan dollars, many lower grade coins were melted in the 1970s when silver bullion prices escalated sharply.

Mint State grades: Mint State coins are plentiful in all grades, although most are in the range of MS-60 to 63, and many are MS-64. Anyone with a desire to do so (and enough cash!) could accumulate a trunkful in no time at all.

The striking quality of 1896 Philadelphia Mint dollars is usually above average. Lustre ranges from frosty to somewhat dull or "greasy." Cherrypicking can be effective with this date.

Prooflike coins: Prooflike coins constitute a small percentage of Mint State coins on a relative basis, but because on an absolute basis so many Mint State coins exist, prooflikes are not rare. Thousands exist. The contrast is usually low and not at all cameo-like. Many semi-prooflikes remain. Thousands of DMPL pieces also survive. About 15% of these grade MS-65 or better.
Varieties

Circulation strikes:

1. Normal date: Breen-5642. The VAM text describes various obverses with one or more digits doubled. The doubled obverse and double date, respectively Breen-5643 and 5644, remain rare; the partly repunched dates much less so.

2. Blundered date: Chris Pilliod discovered one with part of top of 8 in dentils below 8; Coin World, October 3, 1990, p. 114. Subsequently, at least a dozen pieces have surfaced, several of which show only the left or right halves of the top of the 8, visible as a curved line on one or the other side of the denticle.

Note: Breen-5645, a very early state of VAM-1A, has been called an "1896/4" overdate by some, but today it is generally agreed that it is not an overdate. Part of the upright of what some people consider to be a 4 is within and above the loop of the 6. In COINage magazine, October 1976, Richard T. Deters discussed this variety in exhaustive detail in an article, "The Missing Morgan Dollar: Here's the Evidence. Decide For Yourself If There Is An 1896 Over 4 Variety." He cited correspondence with various authorities, and concluded that there was such an overdate, but it was extremely difficult to see and certainly was not unequivocal. The 3rd edition of VAM does not call it an overdate; it is listed as "Bar 6" with this notation: "6 in date has vertical die gouge as bar on right inside of lower loop and a short tip at right inside of the upper loop." In the early 1970s, prior to the appearance of the Deters article, Bill Fivaz and Thomas K. DeLorey studied the variety and concluded it was not an overdate. (Thomas K

Product Identifiers

Designer
George T. Morgan
eBay Product ID (ePID)
170470800

Product Key Features

Strike Type
Business
Mint Location
Philadelphia, Pennsylvania, Philadelphia
Composition
90% Silver, 10% Copper
Year
1896

Dimensions

Weight
26.73g

Additional Product Features

Mintage
9976
EDGE
Reeded
Mint
Philadelphia
Denomination
$1
PCGS Number
7240
Diameter
38.1mm
Mint Mark
P

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1896 $1 Morgan Silver Dollar

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Product Information

Q. David Bowers

Product Identifiers

Product Key Features

Dimensions

Additional Product Features