AboutMyCoin1896 Morgan Dollar (No Mint Mark) in F12
An 1896 Morgan dollar with no mint mark graded F12 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and F12 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 Very Good (VG-8), at $51 to $82, from sales and public data.
What F12 means
An 1896 Morgan dollar with no mint mark in Fine (F-12) carries moderate wear over the whole coin, but the design is still a relief rather than an outline: the hair above Liberty’s ear and the cotton bolls in her cap keep some separation, the eagle’s breast feathers and the tops of its wings are worn smooth at their highest points while the outline of every feature stays sharp, and LIBERTY on the headband, E PLURIBUS UNUM and the date are full and clear.
A slab, a dealer’s list or a price guide may write this grade F-12. They are the same grade and the same 1896 Morgan dollar with no mint mark.
Where this grade sits
The grades an 1896 Morgan dollar with no mint mark is given run from PO1 to MS70. One step up from F12 is Fine (F-15). In general terms, the higher the grade the more the coin is worth.
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 1896 Morgan dollar with no mint mark in F12, 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 1896 Morgan Dollar (No Mint Mark) in F12 →
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 1896 Morgan dollar with no mint mark cannot be worth less than the metal in it. That figure is what the premium for F12 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.
1896 Morgan Dollar (No Mint Mark): every grade, the metal and the specification →