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What is the typical value of Morgan dollars?

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Quick Answer

As of July 2015, the typical value of a Morgan dollar ranges from about $12 for circulated coins to $1000 for proof and brilliant non-circulated. Some rare Morgan dollars have sold for up to $500,000. The value of Morgan dollars varies greatly by year, condition and the silver spot price.

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Full Answer

Morgan dollars weigh 27 grams and contain approximately 90 percent silver. At the current silver spot price of $14.82 per ounce, the melted silver value of a Morgan dollar is about $12.70. Morgan dollars were only minted from 1878 to 1904 and again in 1921. Today, they are considered to be a collector's item.

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