how much is the cheapest morgan silver dollar worth

[DelCollin]

Hey there! That's a great question, as the value of a Morgan silver dollar can vary quite a bit. When we're talking about the absolute cheapest ones, their value is closely tied to the silver they contain.

The baseline value for any Morgan dollar is its "melt value," which is the worth of the actual silver in the coin. According to the provided information, a Morgan contains about 0.7734 troy ounces of silver, putting its melt value around $22.84. This price fluctuates daily with the spot price of silver, but it represents the coin's fundamental worth.

However, you'll almost always pay a bit more than the melt value, even for the most common and worn coins. These are typically called "common-date" Morgans in circulated condition. Based on the provided chart, a Morgan in "VG" (Very Good) condition, which is a lower grade, is valued at about $32.99. These coins are readily available and don't have any special rarity, so their price stays just a small premium above their silver content.

So, to sum it up, the cheapest Morgan silver dollars you can find will be common-date coins in well-circulated condition. You can expect their value to be a little bit above the current price of their silver content, generally falling in the $30 to $35 range depending on the dealer and the exact condition of the coin.