A Morgan dollar contains 90 percent silver. The remaining 10 percent of the coin is copper. The total weight of the coin is 26.73 grams. As of 2015, the rounded value to the silver contained in a Morgan dollar is $12.48.
The Morgan dollar was minted in the United States from 1878 to 1904, then discontinued until being issued again in 1921. The numismatic value of the coin can range anywhere from $21 to $90,000, depending on its year and location of minting, as well as its level of condition.