Morgan Silver Dollar · Melt value · Silver spot
Live data by APIVerveMorgan Silver Dollar Price
Typical retail — (+25–80% typical premium)
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per coin (melt)A Morgan Silver Dollar, minted 1878 to 1904 and in 1921, holds 0.7734 troy ounces of pure silver. The coin is 90% silver and 10% copper, weighing 26.73 grams, and its melt value is that content times the live silver spot price.
How the melt value is worked out
Melt value counts only the pure silver: 0.7734 troy oz × spot. The alloy metal is ignored, and the figure assumes a coin at full weight; worn coins can hold slightly less.
Why Morgans rarely sell at melt
Morgan dollars are among the most collected US coins, so even common, worn examples usually trade well above their silver. Treat melt as the floor, not the price.
Frequently asked questions
How much silver is in a Morgan Silver Dollar?
0.7734 troy ounces of pure silver. The coin is 90% silver and 10% copper, weighing 26.73 grams.
Can a Morgan Silver Dollar be worth more than melt?
Yes. Melt value is the floor for a common, circulated coin. Scarce dates, mint marks and coins in high grades sell to collectors for well above their metal, so check a coin's date and condition before selling it for scrap.
What premium does a Morgan Silver Dollar usually carry?
Historically a Morgan Silver Dollar tends to trade about 25–80% over its melt value at retail, though premiums spike when demand is high and compress when it's quiet. Treat the range here as a guide, not a quote.
Is the melt value what I'll pay or get for a Morgan Silver Dollar?
No. Melt value is the intrinsic worth of the metal — live spot price times the coin's pure content. A dealer sells above melt (their premium) and buys slightly below it (their spread). The melt figure here is the honest baseline; actual retail and buy-back prices move with demand.