Morgan Silver Dollar Melt Value
Minted 1878–1921 · 90% silver · 0.7734 troy oz pure silver
Current Melt Value
| Silver spot price | Unavailable |
| Silver content | 0.7734 troy oz |
| Composition | 90% silver |
| Face value | $1.00 |
| Multiplier over face | — |
Bulk Value
| Quantity | Total Silver | Melt Value |
|---|---|---|
| 1 coin | 0.773 ozt | — |
| 5 coins | 3.867 ozt | — |
| 10 coins | 7.734 ozt | — |
| 20 coins | 15.468 ozt | — |
| 50 coins | 38.670 ozt | — |
| 100 coins | 77.340 ozt | — |
Morgan Silver Dollar: Silver Content & History
The Morgan Dollar contains 0.7734 troy ounces of pure silver in a 90% silver composition.
The Morgan Silver Dollar, designed by George T. Morgan, was minted from 1878 to 1904 and again in 1921. Named after its designer, the coin features Lady Liberty on the obverse and a heraldic eagle on the reverse. It was produced at five US Mint facilities: Philadelphia, New Orleans, Carson City, Denver, and San Francisco. The coin was a product of the Bland-Allison Act of 1878, which required the US Treasury to purchase silver and mint it into dollars. Today, Morgan Dollars are among the most widely collected US coins, with condition, mint mark, and year determining collector premiums far above melt value.
Collector Value Note
High-grade Morgans (MS-65 and above) can command premiums of 10x to 100x melt value. Common dates in circulated condition typically trade at 10–20% above melt.
How Melt Value Is Calculated
The melt value of a Morgan Silver Dollar is calculated by multiplying the pure silver content (0.7734 troy ounces) by the current silver spot price. At today's silver price of current spot per troy ounce, one Morgan Silver Dollar contains significant worth of silver.
This is the intrinsic or melt value — the metal value if the coin were melted. Actual selling price depends on dealer premiums (for bullion-grade coins) or numismatic premiums (for collector-grade examples). When selling, expect to receive a percentage below spot depending on the dealer and quantity.