1902 Morgan Dollar
Guidelines for Collecting:
The 1902 Philadelphia Mint dollar was the first issue to employ the C-4 reverse hub on all dies. The circulation strike quality is usually above average, but the feather detail is not as sharp as on coins struck in earlier years. The luster ranges from satiny to dull.
Availability in Circulated Grades:
EF and AU can be located with not much trouble.
Availability in Mint State Grades:
Plentiful in most grades right up to the gem category. The strike on this date can be dismal, so look for plenty of hair details above Liberty’s ear. The reverse is soft from the use of the new reverse with lighter feather details. MS-64 is an ideal grade for this date.
Availability in Proof:
Proofs of the date are mostly reflective, the result of excessive polishing at the Mint. Cameo contrast is nearly non-existent for this date and any attractive Proof with even a modicum of cameo contrast and good eye appeal is a prize. Liberty’s details can be shallow, so look for strength in the devices.
The example to the left was sold by Stack's Bowers Galleries in the August 2021 ANA Auction, where it realized $4,800.
1902 Morgan Dollar Auction Highlights
 PCGS PR-66 Sold for $7,475 View Lot 4334 |  NGC PF-66 CAM Sold for $6,900 View Lot 3781 |  PCGS MS-65 PL, CAC Sold for $5,750 View Lot 1111 |
