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90% silver · 1878–1904, 1921

Morgan dollar melt value

The Morgan dollar holds 24.06 grams of silver, more than two half dollars, because silver dollars were struck to their own standard rather than as two halves.

Melt value, one coin

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0.7735 ozt silver · 90% silver

0.7735 ozt silver26.73 g at 90%

Silver content
0.7735 ozt
Struck weight
26.73 g
Silver spot
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Per $1 face
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The silver price shown was recorded when this page was published. Figures calculated from it appear once the live price loads, so nothing here is worked out from a number the market may have left behind.

Do not sell this coin by weight without checking it. Morgan dollars are collector coins that happen to contain silver. Even a common worn date sells well above melt, and key dates run into the thousands. Never sell these by weight without having them looked at.

Value a lot

Metal content only — not a dealer offer
coins

Count only morgan dollars from 1878–1904, 1921. Coins outside those years look similar and hold different silver, or none.

Melt value of the lot

15.469 ozt of silver

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Face value of the lot

What the coins say they are worth

$20.00

Common lots

By face value, as the trade quotes it
LotMorgan dollarsSilverMelt value
$1 faceFour quarters10.77 ozt—
$5 faceA half roll of quarters53.87 ozt—
$10 faceA common small lot107.73 ozt—
$50 faceA half bag5038.67 ozt—
$100 faceThe standard trading unit10077.35 ozt—

Before you sell

Morgan dollars are collector coins that happen to contain silver. Even a common worn date sells well above melt, and key dates run into the thousands. Never sell these by weight without having them looked at.

Melt is a ceiling on the metal, not an offer. A buyer pays a share of it, and the spread between two buyers on the same lot is routinely wider than the entire premium difference this site tracks between bullion dealers.

How this is calculated

26.73 g × 90% ÷ 31.1035 = 0.7735 troy ounces of silver, multiplied by the live silver spot price.

The silver weight is derived from how the coin was struck rather than copied from a reference table, and a test pins it to the published figure of 0.77344 ozt.

Other US silver coin series

Same calculation, different weight

All 15 silver coin series we value, including the face-value calculator for pricing a mixed lot.