Melt Prices

US · silver · 1878–1904, 1921

Morgan dollar melt value

One coin holds 0.77344 oz of pure silver (ASW = actual silver weight). At today’s silver price of $66.57 per troy oz, melt is $51.49.

Check dates and condition first — Melt is the metal floor. Many dates of this type sell to collectors for more — sometimes a lot more. Do not scrap it until you have checked the date, mintmark, and grade.

Silver spot
$66.57 / troy oz

Spot as of Sep 7, 2026 11:10 PM · $1 move in silver changes this coin by $0.7734

Gold
$4,426.50
 Platinum
$1,820.00
 Palladium
$1,378.00

What this coin is

The Morgan dollar is the standard US silver dollar of 1878–1904 and 1921. 26.73 g, .900 fine, 0.77344 oz ASW. Many dates sell well above melt. Do not scrap a Morgan until you have read the date and mintmark.

What is written on the coin

E PLURIBUS UNUM, LIBERTY, UNITED STATES OF AMERICA, ONE DOLLAR, In God We Trust (later), mintmark on reverse below wreath.

Metal content (the melt spec)

Mint specification: 26.7300 grams at 90% fine, which is 0.77344 troy oz of pure silver (ASW). Formula: grams × fineness ÷ 31.1034768. Date and mintmark do not change that number. Melt today is $51.49 per coin at $66.57 silver.

Mintage

Hundreds of millions overall. Common 1921 and some 1880s dates are plentiful; 1893-S and a short list of other dates are rare. Melt is the floor, not the typical wholesale bid for problem-free coins.

A little history

George T. Morgan’s design, struck after the Bland-Allison Act. The 1921 revival is the last Morgan before the Peace dollar.

How to tell you have this type

Liberty with a Phrygian cap and cotton/wheat, eagle with wreath. Peace dollars have a different Liberty and “PEACE.”

Date and mintmark do not change the metal on this page. Collector value is a different market — a shop looks at date, mint, and condition. Melt is the floor.

If you have mixed worn 90% dimes, quarters, halves, and dollars, shops usually buy by face value, not by counting each coin: $1.00 face = 0.715 oz of silver. Counting this type at mint weight is a little higher because bags in the trade are assumed worn.

Shop-counter notes (not a second melt formula): Morgan vs Peace at Coin Shop Inc.

Melt / coin$51.49
Silver spot$66.57
ASW0.77344 oz
Gross weight26.730 g
Fineness90%
Gross troy oz0.8594
Face$1.00
Coins / oz1.29

Figure yours

Count the pieces. A roll of dollars is 20.

Worn bags: $1.00 face = 0.715 oz silver. Leave blank to use quantity.

Pure oz 7.7344
Melt $514.88

If a buyer pays a percent of melt

$360.43 at 70% of melt

Starts at 70% — a common shop bid on generic metal. Not a quote. Drag or tap a percent to sanity-check an offer.

Open stack

If you want to sell Find a shop near you

A local coin shop can make an offer. Melt is the metal floor, not a quote. Many shops buy generic gold and silver as a percent of that number.

US ZIP. We only use it to look up shops on CDXList, the public dealer directory. Not a quote and not a lead form.

Before you sell

Check dates and condition first

Look at the date and mintmark under a lamp. If it is scarce or in nice condition, get a collector bid (try Sold Comps) before selling for melt.

Melt is the metal floor. A shop looks at date, mint, and condition. We list 401 types and ~10,200 melt values.

Quick amounts

Using $66.57 silver. Face rows use the 0.715 oz worn-bag convention.

You havePure ozMelt
1 coin 0.7734 $51.49
10 coins 7.7344 $514.88
1 roll (20 coins) 15.4688 $1,029.76
$1.00 face (worn 90%) 0.7150 $47.60
$10.00 face (worn 90%) 7.1500 $475.98
$100 face (worn 90%) 71.5000 $4,759.76
$1,000 face (worn 90%) 715.0000 $47,597.55

Silver chart

Where silver has been.

All four metals · Every silver type

Melt alert

Email me if this coin’s melt crosses a number I set.

Related types

Same metal, nearby coins.

Peace dollar 1921–1928, 1934–1935 · 0.77344 ASW $51.49 Seated Liberty dollar 1840–1873 · 0.77345 ASW $51.49 Trade dollar 1873–1885 · 0.78740 ASW $52.42 Eisenhower dollar (40% silver) 1971–1976 · 0.31610 ASW $21.04 Flowing Hair dollar 1794–1795 · 0.77352 ASW $51.49 Draped Bust dollar 1795–1804 · 0.77352 ASW $51.49 Gobrecht dollar 1836–1839 · 0.76893 ASW $51.19 Lafayette dollar 1900 · 0.77345 ASW $51.49

Questions people ask

How much pure silver is in a Morgan dollar?

Mint spec is 26.730 grams at 90% fine, which is 0.77344 troy oz of pure silver (ASW). Date and mintmark do not change that.

What is a Morgan dollar worth in melt today?

At silver spot of $66.57 per troy oz, one coin’s melt is $51.49. Multiply by how many you have. A rare date or a nice grade can sell for more than melt.

How many Morgan dollars equal one ounce of silver?

About 1.29 coins equal 1.00 troy oz of pure silver at mint weight.

Does mintmark change the melt value?

No. A Philadelphia, Denver, or San Francisco coin of this type has the same metal. Melt is type × composition, not date or mintmark.

Is melt what I should sell this Morgan dollar for?

Melt is the metal floor. Many dates of this type sell to collectors for more — sometimes a lot more. Do not scrap it until you have checked the date, mintmark, and grade. Look at the date and mintmark under a lamp. If it is scarce or in nice condition, get a collector bid (try Sold Comps) before selling for melt.

Can I figure a bag by face value instead of counting coins?

Yes. Worn US 90% dimes, quarters, halves, and dollars are commonly counted as 0.715 troy oz of silver per $1.00 face. Counting coins at mint weight is a little higher because bags are usually worn.

← All silver types · Full catalog · 90% silver bags

Share