$100 in 1889 is worth $2,953.22 today A dollar today only buys 3.39% of what it could buy back then. The 1889 inflation rate was -3.16%. The current year-over-year inflation rate (2020 to 2021) is now 5.39% 1. If this number holds, $100 today will be equivalent in buying power to $105.39 next year.
How much is a 1889 Morgan silver dollar worth?
What this coin looks like (obverse, reverse, mint mark location, special features, etc.): USA Coin Book estimated value of 1889 Morgan Silver Dollar is worth $25 in average condition and can be worth $49 to $390 or more in uncirculated (MS+) mint condition. Proof coins can be worth $2,942 or more. Click here to learn how to use coin price charts.
Why is the 1889 Carson City Silver Dollar rare?
Listed as Rare in the value chart above, it’s because any “uncirculated” 1889 Carson City silver dollar trades infrequently. There is however auction records of past sales to help establish an estimated market value for this infrequently encountered condition rarity.
What happens to a silver dollar when it is uncirculated?
Uncirculated: A silver dollar in “uncirculated” condition has never circulated through commerce, thus no wear has occurred to its surfaces. Your coin should exhibit a “like new” luster. Wear dulls this luster and affects the high points of Liberty’s check, temple and hair.
Is there a market for Silver Morgan coins?
Silver dollars, the Morgan and Peace series, are in demand by dealers. These old coins are very liquid in the coin collecting market. There are always buyers interested in purchasing your coins. Receive the highest price by separating the collectable from the bullion priced pieces.
