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Assuming the coin is circulated and has no mintmark, the 1883 Morgan Dollar (1878-1904 & 1921) is a common coin. Most coins have seen heavy use and show a lot of wear. Average retail values as of 1-06-13 are $33.00-$40.00 depending on what grade the coin is. Values are only for coins in collectible condition, coins that are bent, corroded, scratched, used as jewelry or have been cleaned have far less value to a collector or dealer.

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