Morgan silver dollar values demonstrate why this series reigns as America’s most collected vintage coin, with prices spanning from $41 for common dates to an astounding $3.9 million for the finest rarities.
Born from the 1878 Bland-Allison Act requiring the Treasury to purchase millions in silver monthly, these hefty coins containing 0.7735 troy ounces of pure silver became the currency of the Old West, jingling in the pockets of cowboys, outlaws, and frontier merchants.
Designed by English-born engraver George T. Morgan, who used Philadelphia schoolteacher Anna Williams as his model for Liberty, nearly 657 million Morgan dollars were struck across five mints from 1878 to 1904, with a final year of production in 1921.
While common dates in circulated condition start around $30—essentially their silver melt value—the series contains legendary rarities, elusive Carson City issues, and hundreds of VAM varieties that transform ordinary-looking coins into numismatic treasures worth thousands or even millions of dollars.
Morgan Silver Dollar Value Chart (1878-1879)
| Year | GOOD | FINE | AU | MS | PR |
|---|---|---|---|---|---|
| 1878 8TF | $54.00 | $101.67 | $175.00 | $10927.14 | — |
| 1878 7/8TF Strong | $37.20 | $73.50 | $150.00 | $794.00 | — |
| 1878 7TF Reverse of 1878 | $38.20 | $65.50 | $110.00 | $698.33 | — |
| 1878 7TF Reverse of 1879 | $35.80 | $57.67 | $125.00 | $1678.33 | — |
| 1878-CC | $160.00 | $240.00 | $400.00 | $1698.33 | — |
| 1878-S | $38.40 | $48.67 | $66.50 | $1691.71 | — |
| 1878 8TF PR | — | — | $1510.00 | — | $9230.00 |
| 1878 7TF, 1878 Reverse PR | — | — | $2160.00 | — | $16656.67 |
| 1878 7TF, 1879 Reverse PR | — | — | — | — | $42000.00 |
| 1879 | $42.00 | $43.33 | $56.00 | $200.80 | — |
| 1879-CC | $250.00 | $1011.67 | $3975.00 | $11940.00 | — |
| 1879-CC Capped Die | $220.00 | $893.33 | $3120.00 | $9252.50 | — |
| 1879-O | $34.00 | $45.67 | $89.00 | $796.00 | — |
| 1879-S Reverse of 1879 | $36.12 | $40.33 | $53.50 | $291.00 | — |
| 1879-S Reverse of 1878 | $76.00 | $151.67 | $260.00 | $3176.00 | — |
| 1879 PR | — | $710.00 | $1190.00 | — | $6361.43 |
| 1879-O PR | — | — | — | — | $282900.00 |
Morgan Silver Dollar Value Chart (1880-1889)
| Year | GOOD | FINE | AU | MS | PR |
|---|---|---|---|---|---|
| 1880 | $36.12 | $40.33 | $55.50 | $171.00 | — |
| 1880 VAM 6 8/7 Spikes | $34.92 | $48.00 | $145.00 | $2232.50 | — |
| 1880 VAM 7 8/7 Crossbar | $48.52 | $105.50 | $415.00 | $3610.00 | — |
| 1880 VAM 8 8/7 Ears | $178.11 | $606.83 | $4600.00 | $11500.00 | — |
| 1880 VAM 9 8/7 Stem | $10.14 | $34.71 | $87.00 | $416.00 | — |
| 1880 VAM 11 Checkmark | $8.65 | $29.62 | $75.85 | $238.00 | — |
| 1880 80/79 | $36.58 | $48.67 | $69.50 | $1482.00 | — |
| 1880 VAM 23 80/79 | $26.16 | $94.66 | $480.00 | $895.00 | — |
| 1880-CC Reverse of 1879 | $202.00 | $373.33 | $500.00 | $3652.86 | — |
| 1880-CC Reverse of 1878 | $240.00 | $381.67 | $605.00 | $1626.00 | — |
| 1880-CC 8/High 7 | $262.00 | $336.67 | $450.00 | $1390.00 | — |
| 1880-CC 8/Low 7 | $206.00 | $310.00 | $405.00 | $1348.33 | — |
| 1880-O | $37.20 | $40.33 | $75.50 | $3056.00 | — |
| 1880/79-O | $40.74 | $52.33 | $106.00 | $807.50 | — |
| 1880-S | $36.12 | $40.33 | $55.50 | $267.57 | — |
| 1880/79-S | $33.95 | $43.00 | $60.00 | $565.71 | — |
| 1880-S 8/7 | $6.19 | $21.19 | $54.25 | $325.33 | — |
| 1880/9-S | $34.92 | $41.33 | $58.00 | $534.57 | — |
| 1880 PR | — | — | $1395.00 | — | $6541.43 |
| 1881 | $36.12 | $40.33 | $55.50 | $382.50 | — |
| 1881-CC | $314.00 | $456.67 | $525.00 | $1605.71 | — |
| 1881-O | $36.00 | $41.17 | $56.00 | $1388.50 | — |
| 1881-S | $36.12 | $40.33 | $55.50 | $267.57 | — |
| 1881 PR | — | — | $1190.00 | — | $9631.25 |
| 1882 | $36.12 | $40.33 | $57.00 | $315.17 | — |
| 1882-CC | $136.00 | $218.33 | $295.00 | $1525.71 | — |
| 1882-O | $36.00 | $41.17 | $57.00 | $5470.00 | — |
| 1882-O/S Strong | $53.00 | $73.67 | $125.00 | $366.67 | — |
| 1882-O/S Weak | $35.33 | $55.67 | $105.00 | $392.50 | — |
| 1882-S | $36.12 | $40.33 | $55.50 | $277.57 | — |
| 1882 PR | — | — | $1395.00 | — | $6355.71 |
| 1883 | $36.12 | $40.33 | $55.50 | $523.00 | — |
| 1883-CC | $134.00 | $200.00 | $245.00 | $536.67 | — |
| 1883-O | $36.12 | $40.33 | $55.50 | $157.17 | — |
| 1883-S | $34.00 | $58.33 | $350.00 | $23143.33 | — |
| 1883 PR | — | — | $1190.00 | — | $6405.71 |
| 1884 | $36.12 | $40.33 | $55.50 | $753.29 | — |
| 1884-CC | $136.00 | $198.33 | $245.00 | $1047.14 | — |
| 1884-O | $36.12 | $40.33 | $55.50 | $460.43 | — |
| 1884-S | $36.40 | $74.83 | $690.00 | $194333.33 | — |
| 1884 PR | — | — | $1395.00 | — | $7497.14 |
| 1885 | $36.12 | $40.33 | $55.50 | $160.50 | — |
| 1885-CC | $550.00 | $651.67 | $695.00 | $2394.29 | — |
| 1885-CC VAM 4 DDGH | $52.60 | $180.10 | $461.14 | $1226.00 | — |
| 1885-O | $36.12 | $40.33 | $55.50 | $153.83 | — |
| 1885-S | $33.18 | $57.00 | $195.00 | $1508.33 | — |
| 1885 PR | — | — | $1395.00 | — | $6211.43 |
| 1886 | $36.60 | $40.33 | $55.50 | $317.57 | — |
| 1886-O | $35.15 | $60.00 | $215.00 | $2386.67 | — |
| 1886-S | $55.60 | $128.33 | $245.00 | $2126.67 | — |
| 1886 PR | — | $710.00 | $1395.00 | — | $6330.00 |
| 1887 | $36.12 | $40.33 | $55.50 | $150.50 | — |
| 1887/6 | $72.13 | $112.67 | $250.00 | $1166.00 | — |
| 1887-O | $41.00 | $45.17 | $70.50 | $678.00 | — |
| 1887/6-O | $58.09 | $102.83 | $410.00 | $2342.50 | — |
| 1887-S | $34.80 | $46.33 | $96.00 | $2135.00 | — |
| 1887 PR | — | $700.00 | $1190.00 | — | $11568.75 |
| 1888 | $37.20 | $40.33 | $55.50 | $206.33 | — |
| 1888-O | $36.12 | $40.33 | $55.50 | $408.17 | — |
| 1888-O Scarface | $86.13 | $331.67 | $1465.00 | $6286.67 | — |
| 1888-O DDO | $88.80 | $236.67 | $1215.00 | $14700.00 | — |
| 1888-S | $93.20 | $156.67 | $255.00 | $1916.67 | — |
| 1888 PR | — | — | $1280.00 | — | $5400.00 |
| 1889 | $36.12 | $40.33 | $53.50 | $2190.57 | — |
| 1889-CC | $808.00 | $2695.00 | $11730.00 | $292100.00 | — |
| 1889-O | $36.00 | $49.50 | $150.00 | $1028.00 | — |
| 1889-S | $50.00 | $87.33 | $170.00 | $1301.67 | — |
| 1889 PR | — | — | — | — | $7875.71 |
Morgan Silver Dollar Value Chart (1890-1899)
| Year | GOOD | FINE | AU | MS | PR |
|---|---|---|---|---|---|
| 1890 | $36.12 | $40.33 | $55.50 | $105.25 | — |
| 1890-CC | $154.00 | $241.67 | $505.00 | $2234.00 | — |
| 1890-CC Tailbar | $186.00 | $416.67 | $1000.00 | $3507.50 | — |
| 1890-O | $36.12 | $40.33 | $55.50 | $368.00 | — |
| 1890-S | $36.12 | $40.33 | $55.50 | $625.00 | — |
| 1890 PR | — | — | $1190.00 | — | $6051.43 |
| 1891 | $36.20 | $40.33 | $64.00 | $2758.33 | — |
| 1891-CC | $176.00 | $275.00 | $490.00 | $4303.33 | — |
| 1891-O | $36.12 | $40.33 | $150.00 | $477.50 | — |
| 1891-S | $35.60 | $41.00 | $85.00 | $1261.67 | — |
| 1891 PR | — | — | $1395.00 | — | $7217.14 |
| 1892 | $36.40 | $70.17 | $200.00 | $815.00 | — |
| 1892-CC | $208.00 | $516.67 | $1215.00 | $6743.33 | — |
| 1892-O | $38.00 | $72.67 | $200.00 | $5226.67 | — |
| 1892-S | $59.40 | $281.67 | $5010.00 | $220471.43 | — |
| 1892 PR | — | $710.00 | $1190.00 | — | $10362.50 |
| 1892-CC SP | — | — | — | $598000.00 | — |
| 1893 | $218.00 | $476.67 | $1010.00 | $3216.00 | — |
| 1893-CC | $392.00 | $1463.33 | $4090.00 | $28466.00 | — |
| 1893-O | $290.00 | $646.67 | $1955.00 | $11767.50 | — |
| 1893-S | $3408.00 | $8176.67 | $39750.00 | $443440.00 | — |
| 1893 PR | — | — | $1190.00 | — | $12372.50 |
| 1893-CC PR | — | — | — | — | $123740.00 |
| 1894 | $686.00 | $1145.00 | $2340.00 | $32351.67 | — |
| 1894-O | $53.20 | $120.33 | $410.00 | $5347.50 | — |
| 1894-S | $74.00 | $223.33 | $755.00 | $5250.00 | — |
| 1894 PR | — | $925.00 | $1445.00 | — | $7074.29 |
| 1895-O | $260.00 | $560.00 | $2530.00 | $149016.67 | — |
| 1895-S | $352.00 | $1121.67 | $3150.00 | $24216.67 | — |
| 1895 PR | $32650.00 | $39916.67 | $53350.00 | — | $92457.14 |
| 1896 | $36.12 | $40.33 | $55.50 | $165.50 | — |
| 1896-O | $34.60 | $56.50 | $245.00 | $44628.00 | — |
| 1896-S | $43.40 | $246.67 | $1675.00 | $34977.14 | — |
| 1896 PR | — | — | $1235.00 | — | $6340.00 |
| 1897 | $36.12 | $40.33 | $55.50 | $991.86 | — |
| 1897-O | $37.20 | $55.00 | $205.00 | $51471.67 | — |
| 1897-S | $34.00 | $44.17 | $71.00 | $1462.86 | — |
| 1897 PR | — | $710.00 | $1190.00 | — | $8780.00 |
| 1898 | $37.20 | $40.33 | $55.50 | $188.50 | — |
| 1898-O | $36.12 | $40.33 | $55.50 | $405.57 | — |
| 1898-S | $35.00 | $55.50 | $225.00 | $5860.00 | — |
| 1898 PR | — | $710.00 | $1190.00 | — | $10170.00 |
| 1899 | $106.00 | $153.33 | $210.00 | $776.67 | — |
| 1899-O | $36.12 | $40.33 | $55.50 | $557.57 | — |
| 1899-O Micro O | $37.80 | $83.33 | $325.00 | $20180.00 | — |
| 1899-S | $36.00 | $90.00 | $380.00 | $1886.67 | — |
| 1899 PR | — | $780.00 | $1190.00 | — | $6090.00 |
Morgan Silver Dollar Value Chart (1900-1909 & 1921)
| Year | GOOD | FINE | AU | MS | PR |
|---|---|---|---|---|---|
| 1900 | $35.38 | $40.33 | $55.50 | $182.17 | — |
| 1900-O | $36.12 | $40.33 | $55.50 | $172.17 | — |
| 1900-O/CC | $101.00 | $206.67 | $400.00 | $2128.33 | — |
| 1900-S | $34.40 | $53.67 | $210.00 | $1150.00 | — |
| 1900 PR | — | $780.00 | $1190.00 | — | $7042.86 |
| 1901 | $44.40 | $126.83 | $575.00 | $77528.00 | — |
| 1901 DDR | $166.00 | $843.33 | $2940.00 | $46000.00 | — |
| 1901-O | $36.12 | $40.33 | $55.50 | $212.17 | — |
| 1901-S | $42.60 | $115.00 | $415.00 | $3191.67 | — |
| 1901 PR | — | $740.00 | $1190.00 | — | $7260.00 |
| 1902 | $36.20 | $40.33 | $75.50 | $373.33 | — |
| 1902-O | $36.12 | $40.33 | $55.50 | $178.83 | — |
| 1902-S | $70.20 | $188.33 | $420.00 | $2105.00 | — |
| 1902 PR | — | — | $1420.00 | — | $5972.86 |
| 1903 | $42.00 | $59.33 | $83.50 | $711.43 | — |
| 1903-O | $384.00 | $460.00 | $555.00 | $955.00 | — |
| 1903-S | $88.60 | $370.00 | $3310.00 | $13630.00 | — |
| 1903-S Micro S | $148.00 | $783.33 | $13300.00 | $62100.00 | — |
| 1903 PR | — | — | $1270.00 | — | $6410.00 |
| 1904 | $35.15 | $46.83 | $77.50 | $1426.67 | — |
| 1904-O | $36.86 | $40.33 | $55.50 | $153.83 | — |
| 1904-S | $48.80 | $241.67 | $1855.00 | $8973.33 | — |
| 1904 PR | — | $820.00 | $1190.00 | — | $8080.00 |
| 1921 | $30.07 | $34.17 | $46.50 | $91.60 | — |
| 1921-D | $38.00 | $39.33 | $52.50 | $252.40 | — |
| 1921-S | $38.00 | $40.50 | $54.00 | $725.67 | — |
| 1921 Chapman PR | — | — | — | — | $72133.33 |
| 1921 SP | — | — | — | $9954.00 | — |
Summary: Morgan Dollar Value
Morgan silver dollar values depend on three primary factors: date/mintmark combination, condition, and special characteristics like proof-like surfaces. The undisputed series keys are the 1889-CC and 1893-S, commanding five-figure prices even in lower grades, while all Carson City issues remain scarce and desirable.
Common Philadelphia, New Orleans, and San Francisco dates from the 1880s-1900s trade near silver value ($30-40) in circulated grades but can reach $100+ in mint state. The legendary 1895 Philadelphia exists only as a proof with perhaps 500-800 surviving from 880 struck.
Deep Mirror Proof-Like (DMPL) specimens command multiples over regular strikes, with some reaching six figures. Early dates from 1878-1879 remain especially popular, while the hundreds of documented VAM varieties offer cherry-picking opportunities ranging from minor doubling to dramatic repunched dates.
Despite original mintages in the hundreds of millions, experts estimate only 15% of Morgan dollars survive today, with most lost to government melts, circulation wear, or private melting during silver price spikes, ensuring this “King of American Coins” will continue appreciating as supplies dwindle and collector demand remains robust across all economic conditions.
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