Cheapest Morgan Silver Dollar
You're looking at the most collected U.S. silver coin ever struck. The Morgan Silver Dollar holds 0.7734 troy ounces of pure silver in a 90% silver, 10% copper alloy.
What is the cheapest Morgan Silver Dollar right now?
The lowest-premium Morgan Silver Dollar listing across our tracked dealers appears at the top of the grid above. Premiums are recalculated against live spot every hour.
What is a Morgan Silver Dollar?
Morgan Silver Dollar. Struck by the U.S. Mint from 1878 to 1904, again in 1921, and brought back as a 2021 commemorative. Each original carries 0.7734 troy ounces of pure silver inside a 90% silver, 10% copper alloy. The coin weighs 26.73 grams and measures 38.1 mm in diameter.
George T. Morgan designed it. His Liberty portrait, modeled on a Philadelphia teacher named Anna Willess Williams, sits on the obverse. A heraldic eagle holds the reverse. You'll find Morgans struck at five mints: Philadelphia (no mint mark), New Orleans (O), San Francisco (S), Carson City (CC), and Denver (D, 1921 only).
How much silver is in a Morgan dollar?
Each Morgan contains exactly 0.7734 troy ounces of pure silver. The rest of the coin is copper, which gives it durability and that familiar warm tone older Morgans take on. If you're stacking by weight, a roll of 20 Morgans gives you 15.468 troy ounces of silver content.
That's why bullion buyers usually shop Morgans by the roll rather than by individual coin. Premiums over melt run lower per ounce when you buy in quantity, and cull or very-good grades skip the numismatic markup entirely. Today's lowest dealer premium is recent over the live silver spot of $80.44.
Should you buy Morgans for silver stacking or collecting?
It depends on what you want out of the coin. For pure silver content, cull and very-good rolls are the right play. The premium is among the lowest of any pre-1965 U.S. silver, and the coins are recognizable enough that you'll never struggle to sell them.
For collecting, the calculus changes. Mint marks, dates, and grades drive value far more than melt. Carson City Morgans, key dates like the 1893-S, and high-grade uncirculated examples trade as numismatic items priced by professional grading rather than weight. If you're buying for the silver, don't pay the collector premium. If you're buying for the history, don't expect the price to track spot.
How do dealer prices on Morgans compare today?
Morgans show up across most major bullion dealers, and the per-coin spread between the cheapest and most expensive listing is usually meaningful. Cull and very-good condition pricing tends to cluster, but condition language varies by dealer, so read the product description before buying.
See today's cheapest Morgan dollarWhy are Morgans still popular more than a century later?
Three reasons. First, they're heavy, recognizable, and 90% silver, which makes them easy to authenticate and easy to resell. Second, the historical pull is real. These coins circulated during the silver mining boom, the Pittman Act melt of 1918, and the closing decades of the U.S. silver standard.
Third, the supply still exists. The Treasury held millions of uncirculated Morgans in vaults for decades, and the GSA Carson City releases of the 1970s put a lot of those coins into collector hands. That long shelf life means you can still stack them today at sensible premiums, which is rare for a coin that stopped regular production in 1904.
Frequently Asked Questions
How much silver is in a Morgan Silver Dollar?
Each Morgan contains 0.7734 troy ounces of pure silver. The coin is 90% silver and 10% copper, with a total weight of 26.73 grams.
What years were Morgan dollars minted?
The U.S. Mint struck Morgans from 1878 to 1904, then revived production for one final year in 1921. A modern 2021 commemorative was issued for the design's anniversary, but the classic 90% silver originals are the 1878 to 1921 coins.
Should you buy Morgans as bullion or as collectibles?
Both work, but pick a lane. Cull and very-good rolls of 20 give you the lowest premium over silver melt and are the right choice for stackers. Higher grades, key dates, and Carson City coins cross into numismatic territory, where price is driven by grading rather than weight.
Are Morgan dollars a good way to stack 90% silver?
Yes. Morgans carry one of the lowest per-ounce premiums of any pre-1965 U.S. silver coin when bought in cull or very-good rolls. They're also large, easy to authenticate, and very liquid in the resale market.
What is the difference between cull and uncirculated Morgans?
Cull Morgans are heavily worn, sometimes cleaned or damaged, and priced close to silver melt. Uncirculated Morgans show no wear and trade for substantial premiums based on grade, with high-grade examples often priced as numismatic items rather than bullion.