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how much is a morgan dollar worth in scrap

1Answers

DiKaden

11/30/2025, 02:31:54 AM

The scrap value of a Morgan dollar is determined entirely by its silver content and the current market price for silver. Morgan dollars, minted from 1878 to 1921, are composed of 90% silver and 10% copper. Each coin has a total weight of 26.73 grams.

Because the coin is 90% silver, the actual amount of pure silver it contains is approximately 0.7734 troy ounces. The scrap or melt value is calculated by multiplying this silver weight by the current spot price of silver.

Based on the provided information, which uses a silver spot price of $27.89 per troy ounce, the resulting melt value for a single Morgan dollar is $21.57. It is important to note that this value fluctuates daily, and even minute-by-minute, along with the live market price of silver. To find the current scrap value, you must use the most up-to-date silver spot price in the calculation.

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