How much is a silver dollar worth? Morgan, Peace and later dollars

Silver dollar value depends on the type of dollar you have, then on date, mint mark and condition. A historic United States silver dollar such as a Morgan or Peace dollar is 90 percent silver and usually worth more than one dollar. Later dollar coins, including many Eisenhower and Susan B. Anthony pieces, are often not silver, so identify the coin before you assume a melt floor.

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Example · 10 Nov 2026

1921 Morgan dollar, silver dollar value example, obverse and reverse

1921 Morgan silver dollar, obverse and reverse

Morgan or Peace dollar melt $39.92 (NGC, 10 November 2026, 6:55 p.m. Eastern)

A Morgan or Peace dollar contains 90 percent silver (0.7734 troy ounces), so even a worn example has a metal floor above one dollar. Collector dates and better grades can sit above melt. Later dollar coins are often not silver. The NGC snapshot is a melt figure, 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.

What counts as a silver dollar

People say "silver dollar" for more than one coin. A Morgan dollar or a Peace dollar is a large 90 percent silver United States dollar. NGC's melt-value table, updated 10 November 2026 at 6:55 p.m. Eastern, listed $39.92 for those coins (0.7734 troy ounces of silver). That melt is a floor, not a collector price, and it is a dated snapshot, not a live quote on this page.

Later small dollar coins, including the Susan B. Anthony dollar, are a different size and metal. Some Eisenhower dollars are clad, and some collector issues are 40 percent silver. Photograph the whole coin, both sides, before you treat it as a Morgan or Peace dollar. Face value is one dollar, as listed by the United States Mint.

Morgan dollars

Morgan dollars were struck from 1878 through 1904, and again in 1921. The obverse is a Liberty head designed by George T. Morgan. Mint marks, when present, are on the reverse below the wreath: none or a tiny mark for Philadelphia, O for New Orleans, S for San Francisco, D for Denver on 1921 coins, and CC for Carson City. Carson City coins are widely collected. We do not invent a CC price list. Confirm the mint mark, then compare current listings or a specialist guide. Not sure which mint mark you have? Snap it and the app reads it for you.

A 1921 Morgan is a date people often find and search. It is also the year the Peace dollar began, so check the design, not only the date. Common worn Morgans often sit near melt plus a modest premium; scarce dates and high grades are a different market.

Peace dollars

Peace dollars were struck from 1921 through 1935, with a high-relief 1921 issue that looks a little different from later years. They share the same 90 percent silver standard and the same NGC melt of $39.92 on 10 November 2026. Mint marks are on the reverse, below the word ONE. As with Morgans, date, mint, and condition move the number more than the word "silver" alone.

Later dollar coins (Eisenhower, Susan B. Anthony) and when they are not silver

The Eisenhower dollar is a large dollar struck in the 1970s. Circulating issues are copper-nickel clad. Some collector Eisenhower dollars, including certain 1971-1976 silver issues, are 40 percent silver. NGC listed $16.32 for those 40 percent silver Eisenhower dollars on 10 November 2026 (0.3161 troy ounces of silver). Do not assume a large dollar from a drawer is 90 percent silver.

The Susan B. Anthony dollar is a smaller cupro-nickel coin, issued in 1979 to 1981 and again in 1999. It is not a 90 percent silver dollar. If that is the design in your hand, use the Susan B. Anthony dollar guide. Sacagawea and later small dollars are later still, and also not Morgan or Peace silver.

TypeWhat the sources say
Morgan dollar (1878-1904, 1921), 90% silverNGC melt $39.92 on 10 November 2026 (0.7734 troy oz).
Peace dollar (1921-1935), 90% silverSame NGC melt, $39.92, on that update.
40% silver Eisenhower collector issues, 1971-1976NGC melt $16.32 (0.3161 troy oz) on the same update.
Circulating Eisenhower, Susan B. Anthony, and later small dollarsUsually not 90 percent silver. Identify the design first. Most worn circulation strikes stay near face value unless a variety or high grade applies.

Melt vs collectible value

Melt is the metal floor from a published source and date. A common worn Morgan or Peace dollar often trades with a small premium over that floor. A Carson City coin, a scarce date, or a high grade can sit well above melt. Do not use a bullion "buy silver dollars" page as a price for a worn 1921 in a drawer, and do not invent a date-by-date chart.

Condition

Bag marks, wear on the hair and the eagle, and whether the coin has been cleaned all matter. A dipped or scratched dollar can be worth less to a collector than a quiet, original coin of the same date. Photograph both sides in even light. Do not polish it.

Listed vs sold

The range we show comes from current public listings, which are asking prices. A sold price can be lower. Bullion dealers and collectible dealers can also quote different numbers for the same date. When we find enough listings, we show them so you can see the spread.

Where to sell

Common silver dollars often go to a coin shop or a bullion dealer. Collector dates may do better with a specialist or a public listing. The app can draft a listing for eBay, Facebook Marketplace, or Gumtree. Figures cited here are in US dollars. A scan still helps if you are outside the United States.

Scan and list

  1. Photograph both sides, including the mint mark under the wreath or the word ONE.
  2. Confirm whether it is a Morgan, a Peace dollar, or a later design, and edit anything that looks off.
  3. Review the Worth about figure and the listed range when we find enough current public listings. Coin figures also draw on Numista, and a live metal price is used as a floor for gold and silver in the app. See How we price.

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

Are silver 1 dollar coins worth anything?

A Morgan or Peace dollar contains 90 percent silver, so even a worn example has a metal floor above one dollar. NGC's melt-value table, updated 10 November 2026 at 6:55 p.m. Eastern, listed $39.92 for those dollars (0.7734 troy ounces of silver). Collector dates and better grades can sit above melt. Later dollar coins are often not silver.

How much is a Morgan silver dollar worth?

Start with melt as a floor, then date, mint mark, and condition. The NGC snapshot above is a melt figure, not a price for every Morgan, and not a live quote. Carson City and other scarcer issues should be identified carefully. We do not invent a date-by-date chart on this page.

How much is a Peace dollar worth?

Peace dollars are also 90 percent silver, so the same melt floor applies in that NGC snapshot, with date, mint, and condition deciding whether a collector premium sits above it. Identify the coin first, then compare current listings.

Is a Susan B. Anthony dollar a silver dollar?

No. The United States Mint describes the Susan B. Anthony dollar as a cupro-nickel clad coin, issued in 1979 to 1981 and 1999. It is a one-dollar coin, not a 90 percent silver Morgan or Peace dollar. Use the Susan B. Anthony guide for that series.

Can I scan a silver dollar with the app?

Yes. Photograph both sides, including the date and mint mark, confirm whether it is a Morgan, Peace, or a later dollar, and we will look up a range. Coin figures draw on Numista, and a live metal price is used as a floor for silver issues.

Related coin guides

Sources

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.

Values are estimates based on current public listings, not certified appraisals. For rare or high-value items, we recommend a professional appraisal.

The app scans faster, keeps a history of your items and gives free weekly scans.

See all guides on the homepage, or read how we price.