How Much is a Silver Dollar Worth?
A classic US silver dollar, such as the Morgan Dollar (1878–1921) or the Peace Dollar (1921–1935), is one of the most recognizable and desirable silver coins in the world. Each of these coins was struck with 90% pure silver and 10% copper to ensure durability for circulation. At today's silver prices, the raw "melt value" of a single silver dollar is a significant portion of its total market price.
Unlike silver dimes and quarters, which are often sold strictly for their metal content ("junk silver"), silver dollars almost always have numismatic value. A rare date (like the 1893-S Morgan) can be worth $100,000+ even in poor condition. Never sell silver dollars for scrap without checking a price guide or consulting an expert.
The Silver Content of a US Silver Dollar
All standard US silver dollars minted before 1935 follow the same technical specifications:
- Total Weight: 26.73 grams
- Silver Purity: 90% silver, 10% copper
- Pure Silver Weight: 24.057 grams (approx. 0.7734 troy ounces)
Note that the Eisenhower Dollar (1971–1978) is usually made of copper-nickel, although special 40% silver collector versions were produced. Our calculator is designed for the standard 90% silver issues.
Peace Dollars vs. Morgan Dollars
The **Morgan Dollar**, named after its designer George T. Morgan, is the most collected coin in American history. It represents the wealth of the Old West and the Comstock Lode. The **Peace Dollar** was created to commemorate the end of World War I and symbolizes the era of prosperity that followed. Both contain identical amounts of silver, but their collector appeal differs based on the mint mark (located on the reverse) and the overall state of preservation (grade).
Using the Silver Dollar Melt Calculator
This tool provides the pure silver melt value based on the live 24-hour spot price. Simply enter the number of coins you have to see the total intrinsic value. Remember that this is the absolute "floor" price—you should always expect to receive more if the coin is in decent condition or has a desirable date.