AboutMyCoin1893-S Morgan Dollar in MS63
An 1893-S Morgan dollar graded MS63 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and MS63 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 $726,544 to $1,200,000, from sales and public data.
What MS63 means
An 1893-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 1893-S Morgan dollar.
Where this grade sits
The grades an 1893-S Morgan dollar is given run from PO1 to MS70. One step up from MS63 is Mint State (MS-64). 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) | $4,250 – $4,982 |
| Good (G-6) | |
| Very Good (VG-8) | $5,612 – $5,750 |
| Very Good (VG-10) | |
| Fine (F-12) | $6,298 – $7,094 |
| Fine (F-15) | $6,850 – $7,094 |
| Very Fine (VF-20) | $6,870 – $9,393 |
| Very Fine (VF-25) | |
| Very Fine (VF-30) | $9,250 – $9,393 |
| Very Fine (VF-35) | |
| Extremely Fine (XF-40) | $12,197 – $17,353 |
| Extremely Fine (XF-45) | |
| About Uncirculated (AU-50) | $26,500 – $36,500 |
| About Uncirculated (AU-53) | |
| About Uncirculated (AU-55) | |
| About Uncirculated (AU-58) | $26,500 – $140,000 |
| Mint State (MS-60) | $231,703 – $265,000 |
| Mint State (MS-61) | |
| Mint State (MS-62) | |
| Mint State (MS-63) ← this page | |
| Mint State (MS-64) | |
| Mint State (MS-65) | $726,544 – $1,200,000 |
| Mint State (MS-66) | |
| Mint State (MS-67) | $575,817 – $2,250,000 |
| Mint State (MS-68) | |
| 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 1893-S Morgan dollar in MS63, 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.
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 1893-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.
1893-S Morgan Dollar: every grade, the metal and the specification →