LemonTrades
TL;DR
- A Morgan dollar weighs 26.73 grams and is 90% silver, so it holds 0.7734 troy ounces of pure silver.
- Its melt value at today’s price is live below. Peace dollars hold the same amount.
- Most Morgans sell for more than melt, because they’re collected. Rare dates and mint marks can be worth thousands.
- LemonTrades follows the silver price for you, with alerts on sharp moves and the likely cause.
Morgan dollars were struck from 1878 to 1904, and again in 1921. Here’s what the silver in one is worth today.
Morgan dollar specifications
| Weight | 26.73 grams |
| Silver | 90% (the rest copper) |
| Pure silver | 24.06 grams, or 0.7734 troy ounces |
| Diameter | 38.1 mm |
| Designer | George T. Morgan |
Why Morgans sell for more than melt
They’re among the most collected US coins. Even common, worn Morgans usually sell for a premium over their silver, and condition matters a lot. Mint marks are on the back, below the wreath: CC (Carson City) coins are especially sought after, and some dates, such as the 1893-S and 1889-CC, are worth thousands.
The new Morgan dollars
Since 2021, the US Mint has struck Morgan and Peace dollars again for collectors, in 99.9% silver, with about 0.858 ounces each. They sell well above their silver value.
Other silver coins: what year of US coins are silver, junk silver and silver quarters. Is yours real? See is silver magnetic.
Sources
Education, not financial advice. See our disclaimer.
