AboutMyCoin1892 Morgan Dollar (No Mint Mark) in MS68
An 1892 Morgan dollar with no mint mark graded MS68 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and MS68 is what a grader called the surface that survived. What that looks like on this coin is below. The nearest grade of this date this site does have a researched figure for is Mint State (MS-65), at $3,660 to $3,673, from sales and public data.
What MS68 means
An 1892 Morgan dollar with no mint mark in Mint State (MS-68) is finer than all but a handful ever certified: no wear, lustre that is complete and undisturbed, and at most one or two marks small enough that a grader had to hunt for them. Almost nothing from a circulating mintage survives at this level, because the coin had to escape the bag, the counting machine and sixty years of storage untouched.
A slab, a dealer’s list or a price guide may write this grade MS-68. They are the same grade and the same 1892 Morgan dollar with no mint mark.
Where this grade sits
The grades an 1892 Morgan dollar with no mint mark is given run from PO1 to MS70. One step up from MS68 is Mint State (MS-69). In general terms, the higher the grade the more the coin is worth.
| Grade | Value range (USD) |
|---|---|
| Poor (PO-1) | |
| Fair (FR-2) | |
| About Good (AG-3) | |
| Good (G-4) | |
| Good (G-6) | |
| Very Good (VG-8) | $60 – $89 |
| Very Good (VG-10) | |
| Fine (F-12) | $92 – $113 |
| Fine (F-15) | |
| Very Fine (VF-20) | $96 – $125 |
| Very Fine (VF-25) | |
| Very Fine (VF-30) | |
| Very Fine (VF-35) | |
| Extremely Fine (XF-40) | $113 – $134 |
| Extremely Fine (XF-45) | |
| About Uncirculated (AU-50) | $184 – $187 |
| About Uncirculated (AU-53) | |
| About Uncirculated (AU-55) | |
| About Uncirculated (AU-58) | |
| Mint State (MS-60) | $440 – $596 |
| Mint State (MS-61) | |
| Mint State (MS-62) | |
| Mint State (MS-63) | |
| Mint State (MS-64) | |
| Mint State (MS-65) | $3,660 – $3,673 |
| Mint State (MS-66) | |
| Mint State (MS-67) | |
| Mint State (MS-68) ← this page | |
| Mint State (MS-69) | |
| Mint State (MS-70) |
A blank in the value column is a grade this site has not researched, not a grade the coin is worth nothing in.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of an 1892 Morgan dollar with no mint mark in MS68, which is the difference between what somebody paid and what somebody hoped for. Until this site has a researched figure for this grade, that search is the answer — take the middle of several recent sales rather than the highest.
Completed sales of an 1892 Morgan Dollar (No Mint Mark) in MS68 →
The metal floor under it
$49.79
0.7734 troy oz silver × $64.38 per troy ounce
$64.38/ozt, based on spot prices at 23 September 2026 19:59 UTC
Whatever the market does, an 1892 Morgan dollar with no mint mark cannot be worth less than the metal in it. That figure is what the premium for MS68 is measured against, and it moves with the metal price rather than with the coin market.
Where these figures come from
We gather publicly available data from several public sources including eBay, PCGS, NGC, Numista, USA Coin Book, PriceCharting, and others.
Not an appraisal. AboutMyCoin estimates from published specifications and does not authenticate or grade coins.
1892 Morgan Dollar (No Mint Mark): every grade, the metal and the specification →