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1897-O

Dollars · Morgan Dollars · 1878–1921
Regular
Weight26.73 g
Diameter38.1 mm
MintNew Orleans
StrikeCirculation strike
Mintage 4,004,000
EdgeReeded
Alignment↑↓ Coin
Composition90% Silver, 10% Copper
DesignerGeorge T. Morgan
Collector's Key IDCK-4737

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Varieties & References

No additional varieties recorded for this strike.

External references

About this coinHistory

The 1897-O, at 4,004,000 pieces, ran a moderate New Orleans Morgan Dollar output and continued the late-1890s O-mint production pattern. The 1897-O carries the standard Reverse of 1879 hub configuration with no major sub-varieties anchoring the year's specialist collecting. Like the 1896-O before it, the 1897-O is a moderate-mintage date with serious condition-rarity issues at upper Mint State grades that define the modern collecting profile for the issue across the certified-pop distribution.

Strike quality on the 1897-O follows the established New Orleans pattern at its worst. Liberty's hair above the ear is consistently soft, the eagle's breast feathers show characteristic O-mint weakness, and the strike quality is among the weakest in the entire O-mint Morgan run. Most surviving examples grade VF to MS62 from circulation, with PCGS, the Professional Coin Grading Service, and NGC populations clustering at MS61 and MS62. MS63 examples are scarce and MS65 is genuinely rare; MS66 and above is among the toughest pickups in the entire O-mint series. The 1897-O combines moderate mintage with extreme strike-quality issues.

The 1897-O is a regular common date by classification but a serious condition rarity above MS62. Pricing trades flat through MS62 and climbs sharply at MS63 and above as collectors chase the limited gem-grade pool. The 1897-O pairs with the 1896-O and 1898-O in the difficult-pickup tier of an upper-Mint-State O-mint date set, all three issues defined by the combination of moderate mintage and severe strike issues. New Orleans Morgan pricing structure was permanently reshaped by the 1962 Treasury vault release of original O-mint bag inventory, with the post-1962 supply baseline anchoring modern PCGS and NGC certified-pop distributions. Registry-set collectors target the top-pop grade tier where strike quality and surface preservation become the limiting factors on assigned grades. For the broader O-mint strike-quality pattern and the late-1890s production context, see the Morgan Dollar series history.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G) $55 $64
VG-8 Very Good (VG) $59 $68
F-12 Fine (F) $63 $73
VF-20 Very Fine (VF) $65 $75
EF-40 Extremely Fine (EF) $87 $101
AU-50 About Uncirculated (AU) $137 $158
MS-60 Uncirculated (MS) $970 $1,120
MS-63 Choice Uncirculated (MS)
Frequently Asked QuestionsFAQ
How much is a 1897-O Morgan Dollar worth?
In Good condition it runs about $55–$64, rising to roughly $970–$1,120 in Uncirculated. These are reference values, not an appraisal.
How many 1897-O Morgan Dollars were minted?
4,004,000 were struck.
What is a 1897-O Morgan Dollar made of?
90% Silver, 10% Copper, weighing 26.73 g.
What is the melt value of a 1897-O Morgan Dollar?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1897-O Morgan Dollar a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.