Morgan Silver Dollar Value


The Morgan Silver dollars represent the best in silver coin manufacturing at its time. It's the most valuable of the silver coins the United States has minted in the late 1800's and early 1900's partly because of it's size, and silver content.

This is not a coin you want to carry around in your pocket. At near 27 grams and an inch and a half in diameter this baby is large and heavy by modern day coin standards.

The Morgan Dollar is minted in 90% silver and 10% copper. This means the coin is worth $21.05 based off its silver content alone. Bookmark this page (Ctrl+D) and come back to get the current melt value for this coin. It's updated every 15 minutes.

These coins were minted from 1878-1904 and then in 1921. The original design was for that of a half dollar. In order to mint the coin on the Dollar the die needed to be larger and the words half dollar were replaced with 'one dollar'.

Morgan dollar values, by comparison with something like a gold Saint Gaudens Double Eagle, seem cheap. As with any collection, there are certain standout items – or “must haves” – which every collector should aspire to. In the world of Morgan silver dollars, the key dates are the 1878 Morgan, 1889 Morgan, 1890 Morgan, and 1891 Morgan. Morgan Silver Dollars are by far the most actively collected series of United States coins. They were minted from 1878 to 1904 and again in 1921. Nearly all of the 100 or so major dates and mintmarks are available in Mint State. The Birth of America's beautiful Morgan Dollar – Minted from 1878-1904, and once again in 1921, the Morgan silver dollar is one of America's most popular collectible coins. To fully understand the history of these 90% silver beauties, we first have to go back to the era of our nation's great gold and silver rushes – particularly 1859 and the great Comstock Lode!

The coin was originally designed by George T. Morgan, and thus the name Morgan Dollars.

The Morgan was the first silver dollar that was minted after the demonetization of silver set by congress in the Coinage Act of 1873.

Checkout Top 10 Most Valuable Morgan Silver Dollars or get the full Morgan Silver Dollar Price List, for an even large list of morgan vlaues.

* Notice as of December 2006 it is illegal to melt down US Minted Pennies and Nickels, and there is a $10,000 fine to help enforce the law. It is legal however to melt down silver dollars, half dollars, dimes, quarters for their content.

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Morgan Silver Dollar Values

All US Dollar Coins

  • *list does not count the newer Presidential Dollars

Coin Values Moving with Precious Metals: Up-Dated 2/8/2021: Gold $1813 Silver $26.90

Morgan Silver Dollar Values 1885 Morgan

Your 1878 Morgan silver dollar value is a minimum of $28.24 each. Many are worth a significant premium due to collector demand often raising the value far above silver bullion price.

Of interest to collectors, 1878 is the first year of the popular Morgan dollar series. Additionally those struck by the Philadelphia mint have different unique varieties on the reverse, each distinctive and collected separately. Images are further down the page identifying each variety.

As reflected on the chart, 1878 Morgan silver dollar value is accurately determined by, variety, mintmark and condition. Review all of these factors discovering how much your coin is worth.

Further affecting value: Three different mints in 1878 coined silver dollars, all valued separately today. Philadelphia, San Francisco and thirdly, valued the highest are those from the Carson City mint. Your job is check for these mintmarks, locate them with the help of the image below and determine if your silver dollar has a 'CC' or 'S' mintmark, or no mintmark on the reverse.

Scarcity and demand combine to raise the minimum value of 1878 silver dollars minted at the Carson City mint. These are identified by the 'CC' mintmark found on the reverse below the eagle's tail feathers. Also worth mention, San Francisco minted coins identified by an 'S' mintmark and Philadelphia coins (no mintmark) both have premium values compared to other dates in the Morgan series.

1878 Morgan Silver Dollar Values
Condition of Coin
1878 Morgan Silver Dollar Values Updated 2/8/2021
1878 8TF $34.96 $39.67 $42.58 $166
1878 7/8TF $32.95 $34.96 $39.67 $148
1878 7TF $28.24 $34.96 $37.09 $73.19
1878 CC $67 $98 $118 $272
1878 S $28.24 $29.58 $37.09 $66.53

Value Of Silver Dollars By Year

Identify Different Varieties of 1878 Morgan Silver Dollars

Easily identifiable changes were made in the first year to the reverse design of the Morgan dollar. Well worth checking, the specific reverse variety of your coin has an impact on value in the uncirculated grade.

Value all has to do with the number of tail feathers of the eagle on the reverse design. A careful count of the feathers determines if there are 7 or 8. Each variety is valued separately.

The hardest of the three reverses to spot are the small details determining the 7 over 8 feather variety. Look for tips of feathers extending from underneath the major feathers.

The mint in Philadelphia settled on the 7 tail feather design and it continued as the design for the remaining years of the Morgan dollar series.

Details Raise 1878 Morgan Silver Dollar Value

Essential to highest accurate coin values is determining the condition of your 1878 silver dollar. By closely examining the surface and judging the amount of wear reflect its 'grade.' Entries in the value chart above are listed under these grade headings. Often an old coin is common in heavily worn condition but scarce and valued much higher if significant detail remains.

Uncirculated: Is your 1878 Morgan silver dollar value at a premium because of 'uncirculated' condition? An uncirculated coin is without any wear to its surfaces. Original silver mint luster still covers all design details. Holding your coin by the edges, and by tilting and slowing rotating, unbroken bands of luster radiate from edge to edge. Any wear disrupts these bands, most evident on Liberty's cheek.

Extremely Fine: After only short time in circulation the highest parts of the design begin to wear down slightly. Extremely fine condition describes a Morgan dollar with light wear. Hair detail is still well defined, with just minimal flattening overall. A smoothing of the chin and cheek is evident. Overall, in this condition your silver dollar portrays a sharp crisp appearance, with a nice silver gray coloring.

Fine: Wear has reduced original design detail to the point of merging. All fine lines in the hair above the forehead have disappeared, replaced by large flat areas. Once rounded, the front of the neck and cheek below the eye are now noticeably flattened by wear and abrasions. Despite moderate even wear, lettering and rim are well defined giving your coin a respectable appearance.

Good: Lack of design defines this old silver dollar as 'Good' condition. Liberty is mostly an outline, once a cap, hair curls and head band are now obscured. Lettering now connects to the rim in places but readable. Lack of any hair line above the forehead places this coin solidly in this lower grade. Showing excessive wear, your 1878 Morgan silver dollar value is tied closer to its silver content than collector value.

Coin Values CoinStudy Articles

What Are Silver Dollars Worth

Date by Date
In Depth Morgan Silver Dollar Value
1878 to 1921






























Silver dollars are Popular, very Popular… finding a Morgan silver dollar in your box of old coins is finding a coin worth at least $24.55 . Now determine its date, mintmark and condition, refer to the chart and its value is often surprising.

No surprise here, the large size and classic designs insure Silver Dollars are one of the favorites with collectors. Each series is covered in detail, with values listed for all dates and mintmarks, including more on your 1878 Morgan silver dollar value. Compare your coins to images in the sections 'How to grade Silver Dollars' and accurately discover how much your old dollars are worth.

Coin Values Discovery finds.. 1878 Morgan Silver Dollar Value and..

All old US coin values. Value charts in combination with grading images to judge condition discovers how much your old coin are worth. Get the best price if selling by knowing the accurate value of all your coins.

Morgan silver dollar values cc

Minimum Silver Value - A Good Place to Start

Many of your old US silver coin values are tied closely to the price of silver. Silver dimes, quarters, half dollars and silver dollars are all heavy with 90% silver and worth many times their face value. With today's high value of silver your old coins are becoming surprisingly valuable. Today's Minimum Silver Coin Values