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Morgan Silver Dollar melt value
1878-1904, 1921 · 90.0% silver · 0.7735 troy ounces per coin
Series 1878-1904, 1921Weight 26.73 gFineness 90.0% silverSilver content 0.7735 ozt
Melt value now
$53.04 at silver $68.58/ozt · August 27, 2026
$53.04 at silver $68.58/ozt · August 27, 2026
The classic cartwheel dollar designed by George T. Morgan, struck at Philadelphia, New Orleans, San Francisco, Carson City and Denver.
- A Morgan Silver Dollar contains 0.7735 troy ounces of silver (26.73 grams of 90.0% fine silver).
- Its melt value is $53.04 at the silver price of $68.58 per troy ounce, as of .
- That is 53.0 times its $1.00 face value.
- Struck 1878-1904, 1921.
Value by quantity
| Quantity | Silver content | Melt value |
|---|---|---|
| 1 coin | 0.7735 ozt | $53.04 |
| 5 coins | 3.8673 ozt | $265.20 |
| 10 coins | 7.7345 ozt | $530.40 |
| 20 coins | 15.4690 ozt | $1,060.80 |
The math
26.73 g × 0.900 fine ÷ 31.1035 g/ozt = 0.7735 ozt × $68.58 = $53.04
If silver moves
| Silver price | Morgan Silver Dollar melt value |
|---|---|
| $61.72 | $47.74 |
| $65.15 | $50.39 |
| $68.58 | $53.04 |
| $72.00 | $55.69 |
| $75.43 | $58.34 |
Silver, the past ten years
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Melt value is the floor, not an appraisal. Coins with collector value trade above their metal content, and dealers buy below melt and sell above it to earn a margin. This site publishes the metal arithmetic only - never buy or sell quotes, and never price predictions.
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Price a whole stack at once with the junk silver calculator, or see every silver coin's melt value.