 
1878 - 1921 Silver Morgan Dollar Value (United States)
| U.S. MINT SPECIFICATIONS |
| Denomination: | $1.00 |
| Obverse Image: | Lady Liberty |
| Reverse Image: | Eagle holding arrows and olive branch |
| Metal Composition: | 90% silver, 10% copper |
| Total Weight: | 26.73 grams | | Comments: | The Morgan Dollar is named after its designer, George T. Morgan, who designed the obverse and reverse of the coin. [ ? ] |
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| CALCULATING TODAY'S MELT VALUE (USD) |
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
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| $33.60 | = | silver price / ounce on Feb 03, 2012. |
| .90 | = | silver % |
| $3.8554 | = | copper price / pound on Feb 03, 2012. |
| .10 | = | copper % |
| 26.73 | = | total weight in grams |
| .0321507466 | = | ounce/gram conversion factor |
| .00220462262 | = | pound/gram conversion factor (see note directly below) |
The NYMEX uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion to grams.
1. Calculate 90% silver value :
(33.60 × .0321507466 × 26.73 × .90) = $25.9879371681
$25.9879 is the rounded silver value for the 1878-1921 silver Morgan dollar on February 03, 2012. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.
2. Calculate 10% copper value :
(3.8554 × .00220462262 × 26.73 × .10) = $0.0227192
3. Add the two together :
$25.9879371681 + $0.0227192 = $26.0106563681
$26.0106563681 is the total melt value for the 1878-1921 silver Morgan dollar on February 03, 2012.
 | ← Calculate coin worth using your own quantity and silver price values. |
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| MINTAGE AND COLLECTIBLE VALUE (USD) |
The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).
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| Year | Mintage | Numismatic Value Range |
| 1878 S | 9,744,000 | $32.00 - $3300.00 |
| 1879 | 14,807,100 | $30.00 - $4200.00 |
| 1879 CC | 756,000 | $155.00 - $7000.00 |
| 1880 | 12,601,335 | $30.00 - $500.00 |
| 1882 | 11,101,100 | $30.00 - $720.00 |
| 1884 | 14,070,875 | $31.00 - $2200.00 |
| 1885 | 17,787,767 | $30.00 - $300.00 |
| 1887 | 20,290,710 | $30.00 - $2000.00 |
| 1889 | 21,726,811 | $30.00 - $400.00 |
| 1890 | 16,802,590 | $30.00 - $7800.00 |
| 1901 O | 13,320,000 | $30.00 - $3900.00 |
| 1904 | 2,788,650 | $34.00 - $6200.00 |
| 1921 | 44,690,000 | $30.00 - $1200.00 |
| 1921 D | 20,345,000 | $30.00 - $5400.00 |
| 1921 S | 21,695,000 | $30.00 - $5800.00 |
| Many, many more. Coming soon. | | |
If you're interested in learning more about grading coins, Photograde is an excellent resource. |
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| EBAY AUCTIONS - SILVER MORGAN DOLLARS ONLY |
I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.
View all silver Morgan Dollar auctions or those with the least time left (below).
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| CHARTS |
Long-term metal price charts for the silver Morgan dollar:
![[Most Recent Quotes from www.kitco.com]](http://www.kitco.com/LFgif/ag1825nys.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/base/spot-copper-5y.gif)
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