Morgan silver dollar value depends on date, mint mark and condition, with a 90 percent silver melt floor underneath most worn examples. A common 1921 coin and a scarcer Carson City issue are different markets. Read the date and mint before you assume a rarity, then compare current public listings.
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Example · 10 Nov 2026
1921 Morgan silver dollar, obverse and reverse
Morgan dollar melt $39.92 (NGC, 10 November 2026, 6:55 p.m. Eastern)
A Morgan dollar's value depends on date, mint mark, and condition, with a 90 percent silver melt floor underneath most worn examples (0.7734 troy ounces of silver). The NGC figure is a melt value, not a collector price, and not a live quote. Photo: Moneda de 1 dólar USA 1921.jpg by Amfeli, licensed under CC BY 4.0, via Wikimedia Commons. See also photo credits.
How to identify it
A Morgan dollar is a large United States silver dollar first struck in 1878, with a later 1921 issue, and a Liberty head on the obverse. It is 90 percent silver. Photograph both sides, including the date and the mint mark, which is on the reverse below the wreath: none for Philadelphia, CC for Carson City, S, O, or D depending on the year. Not sure which mint mark you have? Snap it and the app reads it for you.
This page is a child of the silver dollar guide. Peace dollars have their own page. A smaller Susan B. Anthony dollar is not a Morgan, and it is not 90 percent silver.
What changes the price
Date, mint mark, and condition come first. Wear on the hair, the cheek, and the eagle’s breast tells you whether you have a typical circulated coin or something closer to uncirculated. Do not clean the coin. A 1921 Morgan, which is the date people find most often, is a real Morgan and still has a silver floor, but it is not automatically a scarce date. Carson City (CC) coins are the mint people ask about most; they need to be identified carefully because added mint marks exist.
Key varieties as sections, no invented prices
Collectors also look at overdates and other varieties on some years. Those are specialist distinctions. We will name the idea, and we will not invent a variety-by-variety chart or a year-by-year price list. If a date or mint is famous, get a second look before you treat a pocket piece as a rarity. Modern commemorative Morgan dollars struck in recent years are a different issue from the historic 1878 to 1921 series and should not use the same listings.
Melt vs collectible value
NGC's melt-value table, updated 10 November 2026 at 6:55 p.m. Eastern, listed $39.92 for a Morgan dollar (90 percent silver, 0.7734 troy ounces) at a silver ask of $51.62. That is a melt figure, not a collector price for a sharp or scarce coin, and not a live quote. A sold price can also differ from an asking price. Coin figures in the app also draw on Numista.
Listed vs sold
Dealer charts and buy pages often mix melt, retail asking prices, and wishful “key date” headlines. The range we show comes from current public listings, which are asking prices. When we find enough listings for the exact date and mint, we show them so you can see the spread. If listings are thin, we label a rough estimate rather than inventing a precise number. See How we price.
Where to sell
Common silver dollars often go to a coin shop or a bullion dealer, at or near melt plus a small margin. A confirmed scarce mint or a high-grade coin may belong in a specialist listing. The app can draft a listing for eBay, Facebook Marketplace, or Gumtree. Cited figures are in US dollars.
Scan and list
- Photograph both sides, including the date and the mint mark on the reverse.
- Confirm the year and mint, and mention wear honestly.
- Review the Worth about figure and the listed range when we find enough current public listings, and treat melt as a floor.
You can start with a free web scan in the box on this page.
The app scans faster, keeps a history of your items and gives free weekly scans.
What makes How Much Is It Worth different
One photo is enough to start, and you can add up to two more angles. We identify the item first, you confirm or correct it, then we look up a Worth about figure and a listed range from current public marketplace listings. Those are asking prices, which can sit above what a piece finally sells for. You see the listings themselves when we find enough of them.
Coins and banknotes also draw on Numista. Trading cards use PokéWallet, with a source credit where that data appears. Gold and silver use a live metal price as a floor. If listings are thin, we show a clearly labelled rough estimate rather than inventing a precise number. The app can draft a listing for eBay, Facebook Marketplace, or Gumtree once you are ready to sell. For the short version of this process, read How we price.
FAQ
How much is a Morgan silver dollar worth?
It depends on date, mint mark, and condition, with a 90 percent silver melt floor underneath most worn examples. NGC's melt-value table, updated 10 November 2026 at 6:55 p.m. Eastern, listed $39.92 for a Morgan dollar (0.7734 troy ounces of silver). That is a melt figure, not a collector price.
Is a 1921 Morgan dollar rare?
It is the date people find most often. It is a real Morgan and still has a silver floor, but it is not automatically a scarce date. Read the mint mark and the condition before you assume a premium.
Are Carson City Morgan dollars valuable?
Carson City (CC) coins are the mint people ask about most, and they need to be identified carefully because added mint marks exist. We do not invent a CC price chart. Confirm the mint mark, then compare current listings.
Can I scan a Morgan dollar with the app?
Yes. Photograph both sides, including the date and the mint mark on the reverse, then confirm the identification. Coin figures also draw on Numista, and a live metal price is used as a floor for silver.
Related coin guides
Sources
- NGC, Coin Melt Values, updated 10 November 2026 at 6:55 p.m. Eastern. Silver ask $51.62 per troy ounce; Morgan and Peace dollar (0.7734 troy oz) melt $39.92; 1964 Kennedy half dollar (0.36169 troy oz, 90% silver) melt $18.67; 1965-1970 Kennedy (40% silver) melt $7.63; 40% silver Eisenhower dollar (1971-1976) melt $16.32.
- Coin figures in the app also draw on Numista, with a source credit where that data appears.
- How the app prices items is described on How we price.
Updated 11 November 2026. Written by Harris, who built How Much Is It Worth. Figures that we cite include a source and a date. They are not a certified appraisal. See How we price.
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