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$50.14
The Morgan dollar is the classic US silver dollar — 26.73 g at 90% fine, containing about three-quarters of a troy ounce of silver.
Prices last updated
Melt value is usually the floor, not the price. Common-date circulated Morgans trade above melt, and key dates such as 1889-CC, 1893-S and 1895 are worth thousands. Have any Morgan identified before selling it as scrap.
| Total weight | 26.73 g |
|---|---|
| Fineness | .900 (90%) |
| Pure silver content | 24.057 g (0.7735 ozt) |
| Years struck | 1878–1904, 1921 |
| Country | United States |
| Face value | $1 |
Morgans are the coin where melt value is least likely to be the right number. They were struck in enormous quantities, sat in Treasury vaults for decades, and survive in high grade far more often than other 19th-century coinage — so condition and mintmark drive the price far more than the silver does.
Its melt value is about $50.14, based on 0.7735 troy ounces (24.057 g) of pure silver at a spot price of $64.83 per troy ounce. That is the metal content only — the coin may be worth considerably more to a collector.
The coin weighs 26.73 g in total and is 90% fine (.900), so it contains 24.057 g of pure silver — 0.7735 troy ounces.
Not exactly. Melt value is the raw metal content at spot. Scrap buyers and refiners typically pay 80–95% of melt to cover refining and margin, while recognised bullion coins and collectable dates usually sell for more than melt, not less. Melt is best treated as the floor under a coin’s price.