
The intrinsic silver value of a Morgan Silver Dollar is based on its precious metal content and the current market price for silver. These coins, minted from 1878 to 1904 and again in 1921, were produced with a standard composition of 90% silver and 10% copper.
Each Morgan Dollar contains approximately 0.7734 troy ounces of pure silver. To determine the coin's silver or "melt" value, you multiply this amount of silver by the current spot price of silver. Because the market price for precious metals fluctuates continuously, the melt value of a Morgan Dollar changes daily.
It is crucial to understand that this melt value represents only the base value of the coin's silver content. The actual market value of a Morgan Silver Dollar is often significantly higher due to its numismatic or collectible value. Factors such as the coin's year of issue, mint mark, rarity, and physical condition (grade) play a much larger role in determining its final worth to a collector or investor. Therefore, while the silver content provides a price floor, the coin's collector value is typically the more important consideration.


