fallback snapshot Aug 2, 2026 · live price loads automatically
Common quantities
| Quantity | Melt value |
|---|---|
| 1 Morgan dollar | $44.62 |
| 5 coins | $223.10 |
| 20-coin roll | $892.40 |
| 100 coins | $4,461.98 |
Classic and modern Morgans differ
This calculator covers classic 1878–1904 and 1921 Morgan dollars struck in 90% silver. Modern Morgan dollars use a different .999 silver specification and should not use the 0.77344-ozt factor.
Most trade above melt
Even common circulated Morgans often carry a numismatic or bullion premium. Date, mint mark, grade, surface condition, and demand determine how far the market value sits above metal.
Authenticate before selling
Morgan dollars are widely counterfeited. Check weight, diameter, edge, magnet response, and details, then use a reputable coin specialist for anything uncertain or apparently scarce. Never clean the coin.
Open the full US silver coin catalog.
Frequently asked questions
How much silver is in a Morgan dollar?
A classic Morgan dollar contains about 0.77344 troy ounce of pure silver from 26.73 grams of 90% silver alloy at mint weight.
Are Morgan dollars worth more than melt value?
Often. Even common examples can carry a premium, while scarce dates, mint marks, and higher grades may be worth much more than their silver.
Do modern Morgan dollars use the same melt formula?
No. Modern Morgan dollars are .999 fine silver with different specifications, so identify the issue before using the classic 0.77344-troy-ounce factor.