Coinflation: Silver Morgan dollar intrinsic value and coin price

Last Update: November 20, 2009

1878-1921 Silver Morgan Dollar Melt Value

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:

$18.48

silver price / ounce on Nov 20, 2009.

.90

silver %

$3.0811

copper price / pound on Nov 20, 2009.

.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 :

    (18.48 × .0321507466 × 26.73 × .90) = $14.2933635134

$14.2933 is the rounded silver value for the 1878-1921 silver Morgan dollar on November 20, 2009. 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 :

    (3.0811 × .00220462262 × 26.73 × .10) = $0.0181564

3. Add the two together :

    $14.2933635134 + $0.0181564 = $14.3115199134

$14.3115199134 is the total melt value for the 1878-1921 silver Morgan dollar on November 20, 2009.

← Calculate coin worth using your own quantity and silver price values.

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).
Year	Mintage	Numismatic Value Range
1879 CC	756,000	$155.00 - $7000.00
Many, many more. Coming soon.
If you think a coin should be added/subtracted, please send an email. If you're interested in learning more about grading coins, Photograde is an excellent resource.

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).

CHARTS
Long-term metal price charts for the silver Morgan dollar: