Coinflation: Silver Morgan dollar value and coin price
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1878-1921 Silver Morgan Dollar Melt Value  Silver Morgan Dollar Reverse

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. [ source ]


    
CALCULATING TODAY'S MELT VALUE (USD)
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 
 $19.38  =silver price / ounce on Aug 22, 2014.
.90  =silver %
 $3.1991  =copper price / pound on Aug 22, 2014.
.10  =copper %
26.73  =total weight in grams
.0321507466  =ounce/gram conversion factor
.00220462262  =pound/gram conversion factor (see note directly below)


The CME 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 :

    (19.38 × .0321507466 × 26.73 × .90)  =  $14.9894689732


$14.9894 is the rounded silver value for the 1878-1921 silver Morgan dollar on August 22, 2014. 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 :

    (3.1991 × .00220462262 × 26.73 × .10)  =  $0.0188517


3. Add the two together :

    $14.9894689732 + $0.0188517 = $15.0083206732




$15.0083206732 is the total melt value for the 1878-1921 silver Morgan dollar on August 22, 2014.



  ← 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, O is for New Orleans, CC is for Carson City, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia (which is the case for the Morgan dollar). 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).

The PCGS price guide on Morgan dollars has an updated list of certified coin prices.
Mintmark Location:Numismatic Value Range – Based On Condition:
Morgan Silver Dollar MintmarkMorgan Silver Dollar in Good ConditionMorgan Silver Dollar in Fine ConditionMorgan Silver Dollar in Extra Fine ConditionMorgan Silver Dollar in Uncirculated Condition
YearBuy Silver Dollars on eBayMintageGoodFineExtra FineUncirculated
1878 Shop 10,508,800 $28.00 - $30.00 $32.00 - $34.00 $34.00 - $36.00 $50.00 and up
1878-CC Shop 2,212,000 $65.00 - $70.00 $80.00 - $85.00 $90.00 - $95.00 $180.00 and up
1878-S Shop 9,774,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $45.00 and up
1879 Shop 14,806,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1879-CC Shop 756,000 $115.00 - $125.00 $155.00 - $170.00 $650.00 - $700.00 $3600.00 and up
1879-O Shop 2,887,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $80.00 and up
1879-S Shop 9,110,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1880 Shop 12,600,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1880-CC Shop 591,000 $115.00 - $125.00 $145.00 - $160.00 $200.00 - $220.00 $340.00 and up
1880-O Shop 5,305,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $90.00 and up
1880-S Shop 8,900,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1881 Shop 9,163,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1881-CC Shop 296,000 $260.00 - $280.00 $325.00 - $340.00 $345.00 - $360.00 $360.00 and up
1881-O Shop 5,708,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1881-S Shop 12,760,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1882 Shop 11,100,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1882-CC Shop 1,133,000 $65.00 - $70.00 $75.00 - $80.00 $100.00 - $110.00 $135.00 and up
1882-O Shop 6,090,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1882-S Shop 9,250,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1883 Shop 12,290,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1883-CC Shop 1,204,000 $65.00 - $70.00 $75.00 - $80.00 $100.00 - $110.00 $135.00 and up
1883-O Shop 8,725,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1883-S Shop 6,250,000 $28.00 - $30.00 $28.00 - $30.00 $34.00 - $36.00 $875.00 and up
1884 Shop 14,070,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1884-CC Shop 1,136,000 $90.00 - $100.00 $105.00 - $115.00 $130.00 - $140.00 $145.00 and up
1884-O Shop 9,730,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1884-S Shop 3,200,000 $28.00 - $30.00 $32.00 - $34.00 $48.00 - $50.00 $16000.00 and up
1885 Shop 17,787,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1885-CC Shop 238,000 $400.00 - $425.00 $420.00 - $440.00 $445.00 - $460.00 $420.00 and up
1885-O Shop 9,185,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1885-S Shop 1,497,000 $28.00 - $30.00 $32.00 - $34.00 $52.00 - $57.00 $175.00 and up
1886 Shop 19,963,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1886-O Shop 10,710,000 $28.00 - $30.00 $28.00 - $30.00 $34.00 - $36.00 $975.00 and up
1886-S Shop 750,000 $32.00 -$34.00 $50.00 - $55.00 $75.00 - $80.00 $245.00 and up
1887 Shop 20,290,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1887-O Shop 11,550,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $50.00 and up
1887-S Shop 1,771,000 $28.00 - $30.00 $32.00 - $34.00 $34.00 - $36.00 $115.00 and up
1888 Shop 19,183,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1888-O Shop 12,150,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1888-S Shop 657,000 $90.00 - $100.00 $120.00 - $130.00 $145.00 - $160.00 $245.00 and up
1889 Shop 21,726,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1889-CC Shop 350,000 $300.00 - $325.00 $600.00 - $625.00 $1900.00 - $2000.00 $21000.00 and up
1889-O Shop 11,875,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $140.00 and up
1889-S Shop 700,000 $30.00 - $32.00 $42.00 - $45.00 $60.00 - $65.00 $170.00 and up
1890 Shop 16,802,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1890-CC Shop 2,309,041 $60.00 - $65.00 $70.00 - $75.00 $120.00 - $130.00 $375.00 and up
1890-O Shop 10,701,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $45.00 and up
1890-S Shop 8,230,373 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $45.00 and up
1891 Shop 8,693,556 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $50.00 and up
1891-CC Shop 1,618,000 $60.00 - $65.00 $70.00 - $75.00 $130.00 - $140.00 $325.00 and up
1891-O Shop 7,954,529 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $125.00 and up
1891-S Shop 5,296,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $55.00 and up
1892 Shop 1,036,000 $28.00 - $30.00 $32.00 - $34.00 $34.00 - $36.00 $160.00 and up
1892-CC Shop 1,352,000 $145.00 - $160.00 $175.00 - $190.00 $400.00 - $425.00 $1050.00 and up
1892-O Shop 2,744,000 $28.00 - $30.00 $32.00 - $34.00 $34.00 - $36.00 $150.00 and up
1892-S Shop 1,200,000 $28.00 - $30.00 $35.00 - $38.00 $260.00 - $275.00 $35000.00 and up
1893 Shop 378,000 $125.00 - $140.00 $140.00 - $155.00 $200.00 - $220.00 $550.00 and up
1893-CC Shop 677,000 $130.00 - $145.00 $260.00 - $280.00 $875.00 - $925.00 $3200 and up
1893-O Shop 300,000 $90.00 - $100.00 $150.00 - $165.00 $400.00 - $425.00 $2800.00 and up
1893-S Shop 100,000 $1500.00 - $1600.00 $2500.00 - $2750.00 $5600.00 - $5800.00 $90000.00 and up
1894 Shop 110,000 $525.00 - $550.00 $700.00 - $750.00 $900.00 - $1000.00 $2750.00 and up
1894-O Shop 1,723,000 $30.00 - $32.00 $40.00 - $43.00 $100.00 - $110.00 $1175.00 and up
1894-S Shop 1,260,000 $35.00 - $40.00 $55.00 - $60.00 $105.00 - $115.00 $540 and up
1895-O Shop 450,000 $170.00 - $185.00 $240.00 - $260.00 $400.00 - $425.00 $17000.00 and up
1895-S Shop 400,000 $240.00 - $260.00 $400.00 - $425.00 $750.00 - $800.00 $3400.00 and up
1896 Shop 9,976,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1896-O Shop 4,900,000 $28.00 - $30.00 $32.00 - $34.00 $42.00 - $45.00 $1625.00 and up
1896-S Shop 5,000,000 $28.00 - $30.00 $34.00 - $36.00 $160.00 - $175.00 $1725.00 and up
1897 Shop 2,822,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1897-O Shop 4,004,000 $28.00 - $30.00 $32.00 - $34.00 $40.00 - $43.00 $1200.00 and up
1897-S Shop 5,825,000 $28.00 - $30.00 $28.00 - $30.00 $32.00 - $34.00 $50.00 and up
1898 Shop 5,884,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1898-O Shop 4,440,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1898-S Shop 4,102,000 $28.00 - $30.00 $32.00 - $34.00 $42.00 - $45.00 $210.00 and up
1899 Shop 330,000 $105.00 - $115.00 $140.00 - $155.00 $165.00 - $180.00 $200.00 and up
1899-O Shop 12,290,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1899-S Shop 2,562,000 $28.00 - $30.00 $32.00 - $34.00 $50.00 - $55.00 $240.00 and up
1900 Shop 8,830,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1900-O Shop 12,590,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1900-S Shop 3,540,000 $28.00 - $30.00 $32.00 - $34.00 $35.00 - $38.00 $210.00 and up
1901 Shop 6,962,000 $28.00 - $30.00 $34.00 - $36.00 $75.00 - $80.00 $3400.00 and up
1901-O Shop 13,320,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1901-S Shop 2,284,000 $28.00 - $30.00 $32.00 - $34.00 $42.00 - $45.00 $375.00 and up
1902 Shop 7,994,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $45.00 and up
1902-O Shop 8,636,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1902-S Shop 1,530,000 $42.00 - $45.00 $60.00 - $65.00 $145.00 - $160.00 $315.00 and up
1903 Shop 4,652,000 $30.00 - $32.00 $35.00 - $38.00 $45.00 - $48.00 $65.00 and up
1903-O Shop 4,450,000 $260.00 - $280.00 $280.00 - $300.00 $300.00 - $325.00 $300.00 and up
1903-S Shop 1,241,000 $55.00 - $60.00 $85.00 - $90.00 $275.00 - $290.00 $3500.00 and up
1904 Shop 2,788,000 $28.00 - $30.00 $32.00 - $34.00 $34.00 - $36.00 $105.00 and up
1904-O Shop 3,720,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1904-S Shop 2,304,000 $30.00 - $32.00 $38.00 - $40.00 $160.00 - $175.00 $1750.00 and up
1921 Shop 44,690,000 $25.00 - $26.00 $26.00 - $27.00 $27.00 - $28.00 $32.00 and up
1921-D Shop 20,345,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up
1921-S Shop 21,695,000 $26.00 - $27.00 $27.00 - $28.00 $28.00 - $30.00 $35.00 and up

If you're interested in survival and rarity estimates (including the latest realized auction prices), also consider visiting PCGSCoinFacts.com. For example, they estimate there are only 25,250 known examples of the 1889-CC Morgan Dollar. This includes raw coins, those certified by PCGS, and those certified by other grading services.

If you're interested in learning more about grading silver dollars, 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:

     [Most Recent Quotes from www.kitco.com]      [Most Recent Quotes from www.kitco.com]





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