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1902 is not a rare date for Morgan dollars unless it was minted in San Francisco. Look on the back of the coin to see if there's a small mint mark letter above the DO in DOLLAR. It may be blank or there may be an O or S.

Numismedia lists the following approximate retail values as of 09/2010:

No mint mark (Philadelphia):

Very worn condition - $17

Moderately worn - $19

Slightly worn - $21

Almost no wear - $27

Uncirculated - $46 to $7,060 depending on quality

"O" mint mark (New Orleans):

Very worn - $17

Moderately worn - $19

Slightly worn - $21

Almost no wear - $23

Uncirculated - $34 to $8,310

"S" mint mark (San Francisco):

Very worn - $40

Moderately worn - $78

Slightly worn - $150

Almost no wear - $259

Uncirculated - $360 to $18,130

DISCLAIMER: The values quoted are the best available, but may vary due to market fluctuations. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

1902 is not a rare date for Morgan dollars unless it has an "S" mintmark on the back, just above the "DO" in DOLLAR.

With no mintmark or "O" mintmark : well-worn = $12 ... lightly worn = $15 .. uncirculated = $25 to $100

With "S" mintmark : well-worn = $40 ... lightly worn = $150-$200 .. uncirculated = $300 to $800

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