Morgan Silver Dollar Melt Value
As of —, a Morgan silver dollar has a melt value of —. Each Morgan contains 0.7734 troy ounces of pure silver, and the live spot price is — per troy ounce.
Morgan Dollar Melt Value by Quantity
| Quantity | Silver Content | Melt Value |
|---|---|---|
| 1 Morgan dollar | 0.773 ozt | — |
| 5 Morgan dollars | 3.867 ozt | — |
| 10 Morgan dollars | 7.734 ozt | — |
| 1 roll (20 dollars) | 15.468 ozt | — |
| 50 Morgan dollars | 38.670 ozt | — |
| 100 Morgan dollars | 77.340 ozt | — |
Last updated: —
Morgan Dollar Specifications
The Morgan dollar, designed by George T. Morgan, was struck from 1878 to 1904 and again in 1921. Each coin weighs 26.73 grams, measures 38.1mm across, and uses a 90% silver, 10% copper alloy. That works out to 0.7734 troy ounces of pure silver per coin. The Mint revived the design in 2021 with a .999 fine silver version containing 0.858 troy ounces, so a modern Morgan carries more silver than a classic one.
Why Most Morgans Sell Above Melt
Melt value sets the floor for a Morgan dollar, and the market rarely lets one sell at the floor. Collector demand keeps even worn common dates a few dollars above melt. Carson City coins, better dates like the 1893-S and 1889-CC, and uncirculated examples trade on collector value with no real connection to the silver price. Before selling any Morgan at melt, check the date and mint mark against a price guide. The mint mark sits on the reverse, below the wreath and above the letters DO in DOLLAR.
Selling Morgan Dollars
For a bag of common circulated Morgans, expect offers a few dollars per coin above the melt value shown here. Never clean a Morgan before selling. Cleaning strips the original surface and can cut a coin's collector value in half or worse. Sort by date and mint mark, pull anything from Carson City or the tougher dates, and sell the rest by count against the live melt figure.
Compare every US coin type on the US silver coin melt values page. Price bulk silver by weight with the silver melt value calculator, or check the silver quarter melt value.