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Morgan dollar value by year

The Morgan dollar (1878–1921) is the coin most people picture when they think of an inherited jar. Almost every common-date Morgan in circulation is worth roughly the same — because its value is mostly its metal: 0.7734 troy ounces of silver, worth $41.61 at the Oct 24, 2026 spot price of $53.80 per ounce. The year matters far less than the mint mark and the condition.

The three numbers that matter

Prices as of Oct 24, 2026 · Silver spot $53.80/ozt (Kitco) · Circulated, common date, problem-free, raw (uncertified) unless stated

Melt floor
$41.61
0.7734 ozt silver × $53.80/ozt spot. The floor under every common Morgan.
Recent sold range
$42–$68
Common dates, circulated. 1878/1887 circulated guides run $38–$65; 1921 in VG–XF runs $68–$75.
Dealer might pay
~$31–$37
Estimate inferred at 75–90% of melt — not a firm bid. Anchored on an observed Oct 18, 2026 dealer buy/sell pair ($33.32 / $44.82).

Retail from Oct 2026 guides and dealer prices; dealer-pay inferred (no dealer publishes a standing buy list). All figures Oct 24, 2026.

Value by year — what the data actually shows

We do not publish a made-up price for every year. Here is what Oct 2026 sources support:

YearsWhat we found
1878, 1887 (circulated)Guides $38–$65 — at or near melt
1921 (VG–XF)$68–$75 — the most common Morgan year, but the last-year premium holds
Other common dates (1878–1904, 1921)Retail $42–$68 band; the year alone rarely moves a common coin out of it

No verified recent range — shown honestly: we have no researched per-year range for scarce dates and mint marks. If your Morgan is not a common date, do not sell it inside the $42–$68 band — scarce dates and mint marks can be worth far more, and the coin needs individual checking or certification first.

How to tell what you have

Do not clean your coins. Cleaning is the fastest way to destroy collector value — a polished coin can lose half its worth instantly, and no cleaning can be undone. Handle coins by the edges, keep them dry, and leave toning and dullness exactly as they are.
Sort your jar free — 3 free scansGuided identification, three sourced prices per coin, and a dealer sheet to take to two dealers.

No signup wall for your first coin. No AI photo recognition is claimed or used — you confirm year and mint mark yourself.