AboutMyCoin1892-S Morgan Dollar in MS63
An 1892-S Morgan dollar graded MS63 is worth $51,794 to $120,000, from sales and public data. That is appreciably more than the same coin brings in Mint State (MS-62), which is why a step of one grade is not worth paying to establish down here: the certification fee is a large share of the difference.
Mint State (MS-63)
$51,794 to $120,000
From sales and public data. Figure occasionally updated. Not an appraisal or declaration of worth or value.
What MS63 means
An 1892-S Morgan dollar in Mint State (MS-63) has no wear at all, because it never circulated. What separates it from the mint state grades above is contact marks rather than wear: the open fields of Liberty’s cheek and neck carry scattered nicks picked up in the mint bag, and the lustre is unbroken but not exceptional.
A slab, a dealer’s list or a price guide may write this grade MS-63. They are the same grade and the same 1892-S Morgan dollar.
Where this grade sits
The grades an 1892-S Morgan dollar is given run from PO1 to MS70. One step up from MS63 is Mint State (MS-64), at $59,800 to $215,000 — which is what a reader whose coin might grade a point higher is really asking. 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) | $92 – $202 |
| Good (G-6) | |
| Very Good (VG-8) | $100 – $215 |
| Very Good (VG-10) | |
| Fine (F-12) | $125 – $225 |
| Fine (F-15) | |
| Very Fine (VF-20) | $200 – $246 |
| Very Fine (VF-25) | |
| Very Fine (VF-30) | $235 – $275 |
| Very Fine (VF-35) | |
| Extremely Fine (XF-40) | $550 – $668 |
| Extremely Fine (XF-45) | |
| About Uncirculated (AU-50) | $2,212 – $3,123 |
| About Uncirculated (AU-53) | |
| About Uncirculated (AU-55) | |
| About Uncirculated (AU-58) | $3,123 – $23,000 |
| Mint State (MS-60) | $31,200 – $54,938 |
| Mint State (MS-61) | |
| Mint State (MS-62) | $50,187 – $77,500 |
| Mint State (MS-63) ← this page | $51,794 – $120,000 |
| Mint State (MS-64) | $59,800 – $215,000 |
| Mint State (MS-65) | $268,137 – $285,000 |
| Mint State (MS-66) | $294,951 – $375,000 |
| Mint State (MS-67) | $324,446 – $550,000 |
| Mint State (MS-68) | $389,335 – $900,000 |
| 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.
← Mint State (MS-62)Mint State (MS-64) →
What it sold for
No certified sale of an 1892-S Morgan dollar in MS63 is recorded in the sources this site reads, because the archives that record sales at this level are behind a login and this site does not read them. The range above is what the published guides say rather than what anybody paid, and it is the weakest figure on this page.
How to check this yourself
Sold listings, not asking prices. The link below is already filtered to completed sales of an 1892-S Morgan dollar in MS63, which is the difference between what somebody paid and what somebody hoped for. If what you find sits outside $51,794 to $120,000, trust what you found: it is newer than this page.
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-S Morgan dollar cannot be worth less than the metal in it. That figure is what the premium for MS63 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-S Morgan Dollar: every grade, the metal and the specification →