# 1897 [PROOF] Morgan Dollar — resale value

**1897 [PROOF] Morgan Dollar** is worth about **$1,794** ungraded, based on real closed eBay sales. Sealed or new examples sell for around **$9,456.3**.

## Value by tier

| Condition | Value (USD) |
| --- | --- |
| Ungraded | $1794 |
| MS62 | $9456 |

Values are medians of real closed eBay sales, updated 2026-07-30. They are estimates for reference, not offers or appraisals — condition, completeness and edition move them a lot, so compare against the sold listings before pricing anything.

Recent movement: Steady.

## Check the market

- [Sold listings on eBay](https://junkpal.ai/api/go?to=https%3A%2F%2Fwww.ebay.com%2Fsch%2Fi.html%3F_nkw%3DMorgan%2520Dollar%25201897%2520proof%26LH_Sold%3D1%26LH_Complete%3D1%26mkcid%3D1%26mkrid%3D711-53200-19255-0%26siteid%3D0%26campid%3D5339166094%26toolid%3D10001%26mkevt%3D1%26customid%3Dmd-sold&p=md-sold) — the closed sales these medians are computed from
- [Live listings on eBay](https://junkpal.ai/api/go?to=https%3A%2F%2Fwww.ebay.com%2Fsch%2Fi.html%3F_nkw%3DMorgan%2520Dollar%25201897%2520proof%26mkcid%3D1%26mkrid%3D711-53200-19255-0%26siteid%3D0%26campid%3D5339166094%26toolid%3D10001%26mkevt%3D1%26customid%3Dmd-live&p=md-live) — what sellers are asking right now

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## Details

| Field | Value |
| --- | --- |
| Series | Morgan Dollar |
| Year | 1897 |
| Release date | January 1, 1897 |

## 1897 [PROOF] Morgan Dollar value

A raw (ungraded) 1897 [PROOF] Morgan Dollar runs around $1794, a certified MS62 about $9456, and a high-grade MS66 commands null.

### What drives the price

Grade, mint mark, strike quality, and key dates drive coin value. Certified (slabbed) coins carry a premium over raw; low-mintage years and full-strike examples appreciate the most.

## FAQ

**What is the difference in value between the ungraded and MS62 versions?**

The MS62 graded version is significantly more valuable, listed at $9456 compared to the ungraded value of $1500.

**Is the 1897 Morgan Dollar a rare coin?**

As a specific year within the Morgan Dollar series, its value varies greatly depending on its certified condition.

**What is the base price for an ungraded 1897 Morgan Dollar?**

The current estimated value for an ungraded 1897 Morgan Dollar is $1500.

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Full price guide: https://junkpal.ai/products/1897-proof-coins-morgan-dollar-coin
How these values are computed: https://junkpal.ai/methodology
Cite as: "JunkPal price guide value as of 2026-07-30, based on real sold listings (junkpal.ai)"