Copyright © PeerMetals 2026
Morgan silver dollars were struck from 1878 to 1904 and again in 1921, and every one contains 26.73 grams of 90 percent silver, or 0.7734 troy ounces of pure silver. At a silver spot price of $65.44 per ounce on 3 September 2026 that is about $50.61 of metal in each coin, and that number is the floor under the whole series. Common dates such as 1880-S, 1881-S, 1885-O and 1896 list at about $34 in G-4, $65 in AU-50, $150 in MS-63 and $500 in MS-65 on PGS Gold and Coin's 2026 chart, while the 1921 Philadelphia coin lists at $92 in circulated grades, $110 in MS-63 and $175 in MS-65 on the PCGS Price Guide. Dealers usually pay a few dollars over melt for worn common dates, so around $55 to $60 is a realistic offer on 3 September 2026. The key dates are a different market. The 1893-S, with the lowest business strike mintage at 100,000, lists at $3,700 in G-4 and $72,000 in MS-63. The 1889-CC lists at $785 in G-4 and $38,000 in MS-63, and the 1895, a proof-only issue of 880 coins, starts at $38,000. The 1893-CC ($210 G-4), 1895-O ($95 G-4) and 1892-S ($48 G-4) are the next tier. To identify the mint, turn the coin over and look just above the DO in DOLLAR below the wreath: no letter means Philadelphia, S is San Francisco, O is New Orleans, CC is Carson City and D, used only in 1921, is Denver. Any CC coin is worth more than melt in any grade, and every Morgan is worth grading before you sell if it is uncirculated, because the price gap between MS-63 and MS-65 on a common date is more than three to one.
Every date below is a recognised key date or variety. Common dates from the same series are worth far less and are usually valued closer to their metal content.
How many of each were struck — the shortest bar is the scarcest date in the series.
Bars are scaled to keep the smallest mintages visible; the exact figure is printed on every row. Mintage is coins struck, not coins surviving — melting and circulation wear thin those numbers further.
Live listings from sellers on the marketplace
About Morgan Silver Dollar values
The 1893-S tops this series: a top-grade example is estimated around $726,546. Condition drives that figure — the same date in worn condition is worth a fraction of it, which is why each guide shows a range rather than a single number.
By mintage, the 1895 is the scarcest key date tracked here, with 880 struck. Mintage is coins struck rather than coins surviving, though — melting and circulation wear thin those numbers further, so survival estimates run lower still.
This guide covers 8 key dates and varieties from the Morgan Silver Dollar series (1878–1904, 1921). Common dates from the same series are worth far less and are usually valued closer to their metal content.
Grading takes practice, and the gap between adjacent grades is real money on a key date. Compare your coin against the photographs on each date's page, and for anything potentially valuable consider having it certified by PCGS or NGC — a graded coin settles both authenticity and condition in one step.
List it free on PeerMetals — flat 2.75% seller fee, zero listing fees, 1–3 day payouts.
Every US series with key dates priced here.
