What a Morgan Silver Dollar is worth in silver at today's spot price, how much silver it contains, and the official specs behind the number.
Melt value now
$44.58 per coin
Silver spot $57.64/troy oz as of Oct 19, 2026, 1:06 AM PT × 0.7735 troy oz of fine silver. Spot fetched when this page was built.
| Quantity | Fine silver | Melt |
|---|---|---|
| 1 coin | 0.7735 oz | $44.58 |
| roll of 20 (20 coins) | 15.4690 oz | $892 |
Melt is the metal only. It ignores collector (numismatic) value, which can be far higher for scarce dates, high grades or certified coins. It's also not what you'll be paid: dealers usually buy below melt to cover refining and their margin, and sell above it. Use melt as a floor-of-metal reference, not a price.
Different weight or a partial lot? Use the melt calculator.
Specs
| Years | 1878–1904, 1921 |
|---|---|
| Face value | $1 |
| Composition | 90% silver, 10% copper |
| Fineness | .900 |
| Gross weight | 26.730 g (0.8594 troy oz) |
| Fine silver content | 0.7735 troy oz (24.057 g) |
George T. Morgan's dollar, struck to the 1837 standard of 26.73 g and .900 silver.
Sources:
In a sale now
From our Pennsylvania Treasury sale picks (Pook & Pook, Wed Oct 28). Pick melt figures use the spot time shown on that table; the figure above uses current spot.
FAQ
0.7735 troy ounces of pure silver (24.057 g), in a coin that weighs 26.730 g in total. That figure comes from the official specification cited on this page, not from weighing a coin.
Multiply its fine silver content (0.7735 troy oz) by the silver spot price per troy ounce. At $57.64/oz that comes to $44.58 per coin. For several coins, multiply by the count.
Usually not quite. Dealers typically pay somewhat below melt for common bullion and junk silver to cover refining, shipping and their margin. Coins with collector value can sell well above melt, so check a coin's date, mint mark and condition before selling it as metal.
Circulated silver coins lose a little metal to wear, so a worn coin can hold slightly less than the mint specification. That's one reason circulated silver coins are often quoted per $1 of face value rather than per coin.
Keep reading
Peace Silver Dollar · Barber Dime · Mercury Dime (Winged Liberty) · Roosevelt Dime (1946–1964, 90% silver) · Barber Quarter · Washington Quarter (1932–1964, 90% silver) · Barber Half Dollar · Walking Liberty Half Dollar
All coin melt values and the calculator · How we estimate melt
Free alerts
One email when a state sale opens, one the day before it closes. Free.
No spam. Unsubscribe anytime with one click.
Form not showing? Open the signup form in a new tab ↗