Morgan Silver Dollar Value
1878–1904, 1921 · $1 · 90% silver, 10% copper
Value by Grade
| Grade | Est. Value |
|---|---|
| Poor (P-1) | $28.00 |
| Good (G-4) | $32.00 |
| Fine (F-12) | $38.00 |
| Uncirculated (MS-63) | $75.00 |
| Gem (MS-65) | $225.00 |
| Perfect (MS-70) | $1,125 |
Key Dates & Rare Varieties
| Date/Variety | Why It's Special | Value Range |
|---|---|---|
| 1895 | Proof only, never released for circulation — the rarest Morgan | $20,000–$100,000+ |
| 1893-S | Lowest mintage business strike | $5,000–$300,000 |
| 1889-CC | Scarce Carson City issue | $500–$15,000 |
| 1894 | Low Philadelphia mintage | $300–$5,000 |
| 1879-CC | First Carson City Morgan | $200–$8,000 |
Coin Specifications
- Designer
- George T. Morgan
- Years
- 1878–1904, 1921
- Denomination
- $1
- Composition
- 90% silver, 10% copper
- Diameter
- 38.1 mm
- Weight
- 26.73 g
Quick Value
Where to Buy/Sell
Morgan Silver Dollar: History & Background
The Morgan Dollar is one of the most collected US coins. Struck at five mints (Philadelphia, New Orleans, Carson City, Denver, San Francisco), it was produced under the Bland-Allison Act of 1878 as a political compromise to support silver miners. Lady Liberty appears on the obverse with a heraldic eagle on the reverse. The coin was produced until 1904, then again in 1921 before the Peace Dollar took over. Total mintage exceeded 650 million coins across all dates and mints.
How to Grade a Morgan Silver Dollar
Accurate grading is the single most important factor in determining a coin's value. A difference of just a few grade points can mean 10× or more in value. Examine the highest points of the design first — these are where wear appears earliest. For the finest grades, luster, strike quality, and surface preservation all matter. Professional grading by PCGS or NGC adds certainty and typically increases resale value. Read our complete grading guide →