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Morgan Silver Dollar

Hero Bullion at $65.99 · 0.4% under spot
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Silver · Coin · 0.7734 oz · .9 · US Mint
Silver spot
$85.63
/oz · live
Spot value at this weight
$66.23
metal value · 0.7734 oz
  • HBHero BullionBest
    $65.990.4% under spot
    In stock1 hour ago
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  • BBGASC
    $66.99+1.1% over spot
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  • MMMonument Metals
    $67.14+1.4% over spot
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  • AAPMEX
    $69.04+4.2% over spot
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  • PPimbex
    $69.06+4.3% over spot
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  • SBSD Bullion
    $73.78+11.4% over spot
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  • JBJM Bullion
    $74.02+11.8% over spot
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Specifications

Weight
0.7734 oz
Purity
.9
Mint
US Mint
Country
United States
First struck
1878

About the Morgan Silver Dollar

The Morgan Silver Dollar is the most collected U.S. silver coin in history. The U.S. Mint struck Morgans from 1878 through 1904, revived production for one final year in 1921, and brought the design back as a modern commemorative in 2021. Each original Morgan contains 0.7734 troy ounces of pure silver in a 90% silver, 10% copper alloy.

Designer George T. Morgan put Liberty's portrait on the obverse, modeled on Anna Willess Williams of Philadelphia. A heraldic eagle clutching arrows and an olive branch sits on the reverse. The coin weighs 26.73 grams and measures 38.1 mm across, the same large dollar format that defined U.S. silver coinage in the late 19th century.

Strike quality and surface preservation drive enormous price spreads in the collector market. A common-date circulated Morgan trades close to silver melt. An uncirculated key date can sell for thousands. Mint marks for Carson City, New Orleans, San Francisco, Denver, and Philadelphia all carry their own followings.

For bullion-focused buyers, Morgans typically come as cull or very-good condition rolls of 20 coins. The per-coin premium over silver melt approaches the lowest of any pre-1965 U.S. silver. That makes them a practical way to stack 90% silver with a recognizable, highly liquid coin.

Higher-grade examples cross from bullion into numismatic territory. Once a Morgan grades MS-63 or better, professional grading services like PCGS and NGC drive the price, not weight. If your goal is silver content, stick with rolls. If your goal is collecting, individual graded coins are a different market.

Morgans are easy to authenticate by feel and ring. They're heavy, they're 90% silver, and counterfeits tend to fail on weight or dimensions. That liquidity is part of why the coin remains a stacker favorite more than a century after the last original was struck.

Frequently Asked Questions

What's the current premium on Morgan Silver Dollar?

The lowest premium right now is 0.4% under spot at Hero Bullion ($65.99). The table above ranks every dealer by premium so the best deal is at the top.

Which dealer has the cheapest Morgan Silver Dollar?

Hero Bullion currently has the lowest total price at $65.99. We compare every dealer on a freshness-filtered 24-hour window so rankings reflect live market prices.

How often do prices update?

Dealer prices refresh hourly. Spot metal reference refreshes every 10 minutes. The "last seen" timestamp on each listing tells you exactly when that price was captured.

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