AboutMyCoin1896-O Morgan Dollar in MS69
An 1896-O Morgan dollar graded MS69 is that coin in one particular state of preservation — the date and the mint mark are already fixed, and MS69 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 $83,766 to $200,145, from sales and public data.
What MS69 means
An 1896-O Morgan dollar in Mint State (MS-69) is one mark away from perfect, and that mark is visible only under magnification. On a coin struck for circulation this grade is essentially unheard of; where it occurs at all it is on an issue the Mint sold directly, in packaging that never let the coin touch another.
A slab, a dealer’s list or a price guide may write this grade MS-69. They are the same grade and the same 1896-O Morgan dollar.
Where this grade sits
The grades an 1896-O Morgan dollar is given run from PO1 to MS70. One step up from MS69 is Mint State (MS-70). 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) | $63 – $82 |
| Very Good (VG-10) | |
| Fine (F-12) | $70 – $89 |
| Fine (F-15) | |
| Very Fine (VF-20) | $78 – $96 |
| Very Fine (VF-25) | |
| Very Fine (VF-30) | |
| Very Fine (VF-35) | |
| Extremely Fine (XF-40) | $85 – $104 |
| Extremely Fine (XF-45) | |
| About Uncirculated (AU-50) | $185 – $215 |
| About Uncirculated (AU-53) | |
| About Uncirculated (AU-55) | |
| About Uncirculated (AU-58) | |
| Mint State (MS-60) | $1,732 – $2,169 |
| Mint State (MS-61) | |
| Mint State (MS-62) | |
| Mint State (MS-63) | |
| Mint State (MS-64) | |
| Mint State (MS-65) | $83,766 – $200,145 |
| Mint State (MS-66) | |
| Mint State (MS-67) | |
| Mint State (MS-68) | |
| Mint State (MS-69) ← this page | |
| 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 1896-O Morgan dollar in MS69, 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 1896-O Morgan dollar cannot be worth less than the metal in it. That figure is what the premium for MS69 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-O Morgan Dollar: every grade, the metal and the specification →