1898 Morgan Dollar
Guidelines for Collecting:
In the early 20th century stored 1898 dollars released in large quantities by the Treasury Department through the Federal Reserve System (established in 1913), so that by the mid-1950s Mint State coins were very common in Eastern banks. Prior to that release period, Uncirculated coins were scarce if not rare. Today, the 1898 is plentiful in all grades, from worn—usually in VF or EF—to gem Mint State. Most are well struck with attractive luster.
Availability in Circulated Grades:
Always easily found in EF and AU by those working on circulated Morgan dollar sets.
Availability in Mint State Grades:
Readily available from MS-60 right on through the gem category, thanks no doubt to the seemingly ever-present bag quantities released in the 1950s for this and many other dates. A sharp MS-65 with exceptional eye appeal should not prove difficult to obtain.
Availability in Proof:
Continuing the tradition of 1896 and 1897, Proofs of this date can be found with bold cameo contrast and exceptional eye appeal. Hold out for one of these.
The example to the left was sold by Stack's Bowers Galleries in the May 2019 Baltimore Auction, where it realized $7,800.
1898 Morgan Dollar Auction Highlights
 NGC PF-67 Ultra Cameo Sold for $38,400 View Lot 4078 |  PCGS PR-66, CAC Sold for $27,025 View Lot 13136 |  PCGS PR-67 DCAM Sold for $23,500 View Lot 3190 |
