Silver · US Dollar

Morgan & Peace Silver Dollar Melt Value

Morgan and Peace silver dollars contain 0.77344 troy ounces of pure silver each — more silver than any other common US silver coin.

Live melt value — per coin
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QuantityMelt value
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Live spot via gold-api.com. Melt value = spot × 0.77344 troy oz of fine metal.

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The Morgan dollar (1878–1921) and the Peace dollar (1921–1935) both weigh 26.73 grams and are 90% silver, giving 0.77344 troy ounces of pure silver per coin.

Because they carry a large amount of silver, silver dollars are a favourite for both stackers and collectors. Melt value is the floor; many Morgan and Peace dollars trade well above it on numismatic merit, especially key dates.

Specifications

SeriesMorgan (1878–1921), Peace (1921–1935)
Composition90% silver · 10% copper
Gross weight26.73 g
Pure silver0.77344 troy oz
Face value$1.00

How the melt value is calculated

Melt value is the value of the metal in the coin, ignoring any collector premium:

melt = spot price per troy oz × weight in troy oz × purity

Where the fine-metal content is known, this simplifies to spot × 0.77344 oz. The live figure at the top of this page applies that formula to the current spot price.

Illustrative melt values (per coin) at example spot prices — shown for reference only; the live figure above uses the real market price:

Example spotMelt value
$25.00$19.34
$35.00$27.07
$50.00$38.67

What affects what you actually get

Frequently asked questions

How much silver is in a Morgan silver dollar?

A Morgan dollar contains 0.77344 troy ounces of pure silver. It weighs 26.73 g and is 90% silver by weight.

How much is a silver dollar worth in melt?

Its melt value equals the silver spot price multiplied by 0.77344 — roughly 77% of the price of a one-ounce silver round.

Is a Peace dollar the same as a Morgan dollar?

Yes for silver content: both are 90% silver and 26.73 g, so they carry identical 0.77344 oz of silver and the same melt value.

What is a Morgan dollar worth today?

At minimum, its silver melt value (spot × 0.77344). Common dates in circulated grades usually sell for melt to a modest premium; rare dates and high grades are worth far more.

Companion to the free calculator

Track your stack's melt value & P/L

This page values one coin. The Silver Stacking Spreadsheet keeps the whole record — every coin, what you paid, and your running profit or loss, auto-calculated from the spot price you enter.

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