How Much Is A 1903 Silver Dollar Worth?

Last Updated on May 24, 2022

Having value as numismatic and silver bullion, the 1903 silver dollar is one of the most valuable coins of the previous century. Compared to the 1902 silver dollar, every variant of the 1903 silvers holds a much higher value. 

This is going to be an interesting one. Keep reading to get a better idea of the 1903 silver dollar and its various variants.

How Much Is A 1903 Silver Dollar Worth?

The 1903 silver dollar was produced in three mints in the US. Therefore, all the three variants of the 1903 silver dollar have a different values. 

The 1903 silver dollar with no mintmark holds a value of $43 to $48 in very good condition. Additionally, in fine and very fine conditions, the value of the silver dollar ranges from $54 to $60. The extremely fine condition silver dollar is worth around $64. 

However, in the uncirculated condition, the MS-60 grade silver dollar is worth around $91, and a whopping $357 for the MS-65 grade coin. 

1903 P Morgan Silver Dollar BU $1 Brilliant Uncirculated

How Much Is 1903 Silver Dollar With O Mintmark Worth?

The 1903 silver dollars produced in the New Orleans mint have an O mintmark. These silver dollars hold a value of about $290 to $317 in good to very good condition. In addition, the coins in fine and very fine condition hold a value of $357 to $388. The silver dollar available in extremely fine condition is worth about $404. 

If you want to get the silver dollar in an uncirculated condition with an MS-60 grade, it is worth around $465 and $695 for the MS-65 silver dollar. 

How Much Is 1903 Silver Dollar With S Mintmark Worth?

The 1903 silver with an S mintmark holds a value of about $200 in very good condition. The fine and very fine condition coins are worth around $230 to $240. However, if you are looking at the silver dollar in extremely fine condition is valued at $400. 

The 1903 S silver dollar holds a value of about $4,765 if in uncirculated condition with an MS-60 grade. But for the MS-65 grade silver dollar, its value is around $12,026. 

Is There Any Melt Value Of The 1903 Silver Dollar?

In previous times the coins contained a high amount of precious metals. Due to this, many people melt the coins, extract the metals, and sell them. However, it loses its value as the collectible currency when melting the coin and becomes just silver bullion. 

As for the 1903 silver, it is made up of mostly silver. Therefore, it has a melt value as well. The melt value of the 1903 silver dollar is $17.02 as of today’s current silver spot price. 

1903 P Morgan Silver Dollar BU $1 Brilliant Uncirculated

What Is The Metal Composition Of The 1903 Silver Dollar?

The metal composition is an essential piece of information that one should be aware of. For example, the 1903 silver dollar contains 90% and 10%. Through this, you can calculate the melt value and many other things. 

However, the use of silver in such an amount is reduced due to many economic factors. Therefore, these silver dollars are among the few last coins with a high amount of silver content. 

Where Is The Mintmark On A 1903 Silver Dollar?

The mintmark is one of the most important official stamps engraved, representing the mint it was produced in. As the 1903 silver dollar was produced in three mints, this dollar has three different variants. 

However, the coins minted in Philadelphia don’t have any mintmark. The New Orleans and San Francisco 1903 silver dollars have the mintmark present on the coin’s reverse side right under the wreath. 

The mintmark is not engraved in large font, so you need to have a very close look to identify the mintmark. You wouldn’t be able to identify it froma distance. 

How Much Are The Proof Coins Of 1903 Silver Dollar Worth?

Proof coins are one of the most important coins for any series. They are produced as a sample before the actual production to ensure everything is in order. Other than that, the proof coins are kept by the mint for archival purposes. 

The proof coins are also available for the 1903 silver dollars. Unfortunately, they were only produced in the main mint of Philadelphia. The poof coins of the 1903 silver dollar are worth around $3,220.

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