The Morgan Dollar was minted by the United States government from 1878 to 1904 and then again for one more year in 1921. It is composed of 90% silver and 10% copper.
Values for Morgan Dollars are related to current silver prices. This tie to silver prices is especially true for common dates in average condition, because as much of their value is derived from the silver content as it is the scarcity. Silver prices are provided in Troy ounces. On October 18, 2017 the spot price of silver was $17.15. Multiplying the price for silver by .7735 will give you the value of the silver in a Morgan Dollar, also known as the melt value. On October 18 the melt value was $13.27.
| Date and Mint | G | VG | F | VF | XF | UNC | BU | MS-65 |
| 1878 8 Tail Feathers | $34 | $36 | $38 | $43 | $52 | $119 | $143 | $1,425 |
| 1878 7 over 8 Tail Feathers | $34 | $35 | $36 | $40 | $48 | $67 | $76 | $1,140 |
| 1878 7 Tail Feathers Reverse of 1878 | $34 | $35 | $36 | $40 | $48 | $67 | $76 | $1,140 |
| 1878 7 Tail Feathers Reverse of 1879 | $34 | $35 | $36 | $37 | $43 | $71 | $86 | $2,850 |
| 1878 CC | $81 | $105 | $119 | $133 | $143 | $181 | $214 | $2,090 |
| 1878 S | $34 | $35 | $36 | $37 | $40 | $48 | $57 | $261 |
| 1879 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $855 |
| 1879 CC | $143 | $190 | $261 | $333 | $808 | $2,470 | $3,800 | $28,500 |
| 1879 CC Capped | $143 | $190 | $261 | $333 | $808 | $2,470 | $3,800 | $28,500 |
| 1879 O | $34 | $35 | $36 | $38 | $43 | $52 | $86 | $3,088 |
| 1879 S Reverse of 1878 | $34 | $35 | $36 | $37 | $38 | $95 | $143 | $7,600 |
| 1879 S Reverse of 1879 | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $143 |
| 1880 | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $713 |
| 1880 CC Reverse of 1878 | $81 | $143 | $166 | $190 | $238 | $499 | $523 | $2,613 |
| 1880 CC 80/79 Reverse of 1878 | $81 | $143 | $166 | $190 | $238 | $499 | $523 | $3,800 |
| 1880 CC 8 over 7 Reverse of 1878 | $81 | $143 | $166 | $190 | $238 | $499 | $523 | $2,850 |
| 1880 CC Reverse of 1879 | $81 | $143 | $166 | $190 | $238 | $499 | $523 | $1,425 |
| 1880 CC 8 over 7 High 7 Reverse of 1879 | $81 | $143 | $166 | $190 | $238 | $499 | $523 | $1,758 |
| 1880 CC 8 over 7 Low 7 Reverse of 1879 | $81 | $143 | $166 | $190 | $238 | $499 | $523 | $1,758 |
| Date and Mint | G | VG | F | VF | XF | UNC | BU | MS-65 |
| 1880 O | $34 | $35 | $36 | $37 | $38 | $39 | $71 | $23,750 |
| 1880 S | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $143 |
| 1881 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $665 |
| 1881 CC | $309 | $333 | $356 | $380 | $404 | $451 | $475 | $950 |
| 1881 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $1,330 |
| 1881 S | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $143 |
| 1882 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $499 |
| 1882 CC | $62 | $95 | $105 | $119 | $128 | $166 | $190 | $475 |
| 1882 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $1,188 |
| 1882 O/S | $34 | $36 | $38 | $43 | $57 | $166 | $285 | $33,250 |
| 1882 S | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $143 |
| 1883 | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $190 |
| 1883 CC | $57 | $71 | $95 | $109 | $119 | $143 | $166 | $475 |
| 1883 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $166 |
| 1883 S | $34 | $24 | $29 | $43 | $48 | $333 | $665 | $33,250 |
| 1884 | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $333 |
| 1884 CC | $71 | $86 | $119 | $138 | $147 | $176 | $190 | $475 |
| Date and Mint | G | VG | F | VF | XF | UNC | BU | MS-65 |
| 1884 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $143 |
| 1884 S | $34 | $35 | $36 | $37 | $38 | $39 | $6,650 | $237,500 |
| 1885 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $147 |
| 1885 CC | $404 | $475 | $499 | $546 | $594 | $641 | $713 | $1,140 |
| 1885 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $143 |
| 1885 S | $34 | $26 | $33 | $48 | $71 | $185 | $190 | $1,710 |
| 1886 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $143 |
| 1886 O | $34 | $36 | $38 | $40 | $43 | $285 | $665 | $19,000 |
| 1886 S | $38 | $48 | $67 | $86 | $95 | $238 | $261 | $2,945 |
| 1887 | $34 | $35 | $36 | $37 | $38 | $39 | $40 | $143 |
| 1887/6 | $34 | $38 | $43 | $48 | $105 | $238 | $380 | $4,750 |
| 1887 O | $34 | $35 | $36 | $37 | $38 | $39 | $52 | $4,750 |
| 1887 S | $34 | $35 | $36 | $37 | $38 | $81 | $95 | $2,850 |
| 1888 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $166 |
| 1888 O | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $618 |
| 1888 O Hot Lips | -- | -- | $105 | $166 | $380 | $7,125 | -- | -- |
| 1888 S | $71 | $152 | $214 | $238 | $252 | $285 | $309 | $2,850 |
| 1889 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $380 |
| 1889 CC | $570 | $665 | $950 | $1,425 | $2,850 | $19,000 | $23,750 | $332,500 |
| 1889 O | $34 | $35 | $36 | $37 | $38 | $71 | $143 | $6,650 |
| 1889 S | $34 | $43 | $71 | $71 | $95 | $166 | $190 | $1,900 |
| Date and Mint | G | VG | F | VF | XF | UNC | BU | MS-65 |
| 1890 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $2,375 |
| 1890 CC | $76 | $86 | $119 | $143 | $190 | $333 | $428 | $4,750 |
| 1890 CC Tail Bar | $95 | $166 | $238 | $333 | $570 | $1,425 | $1,900 | $10,450 |
| 1890 O | $34 | $35 | $36 | $37 | $38 | $39 | $62 | $1,900 |
| 1890 S | $34 | $35 | $36 | $37 | $38 | $39 | $67 | $950 |
| 1891 | $34 | $35 | $36 | $37 | $38 | $39 | $57 | $8,550 |
| 1891 CC | $76 | $86 | $119 | $138 | $190 | $238 | $309 | $4,275 |
| 1891 CC Spitting Eagle | $95 | $105 | $143 | $162 | $228 | $276 | $366 | $5,225 |
| 1891 O | $34 | $35 | $36 | $37 | $38 | $119 | $143 | $8,550 |
| 1891 S | $34 | $35 | $36 | $37 | $38 | $43 | $71 | $1,425 |
| 1892 | $34 | $35 | $36 | $37 | $38 | $166 | $285 | $4,275 |
| 1892 CC | $143 | $214 | $238 | $333 | $570 | $1,425 | $1,663 | $8,550 |
| 1892 O | $34 | $35 | $36 | $37 | $38 | $95 | $190 | $6,650 |
| 1892 S | $34 | $38 | $43 | $166 | $475 | $1,900 | $14,250 | $180,500 |
| 1893 | $190 | $238 | $261 | $285 | $309 | $475 | $665 | $6,650 |
| 1893 CC | $214 | $285 | $380 | $713 | $1,710 | $3,325 | $3,800 | $68,400 |
| 1893 O | $166 | $238 | $285 | $475 | $760 | $1,520 | $2,375 | $190,000 |
| 1893 S | $1,900 | $3,800 | $4,750 | $5,700 | $8,550 | $47,500 | $85,500 | $617,500 |
| 1894 | $950 | $1,330 | $1,520 | $1,710 | $2,375 | $3,325 | $3,800 | $47,500 |
| 1894 O | $38 | $48 | $57 | $71 | $95 | $475 | $618 | $57,000 |
| 1894 S | $48 | $71 | $81 | $128 | $166 | $570 | $665 | $5,700 |
| Date and Mint | G | VG | F | VF | XF | UNC | BU | MS-65 |
| 1895 Proof | $16,150 | $23,750 | $33,250 | $38,000 | $42,750 | $47,500 | -- | -- |
| 1895 O | $238 | $285 | $380 | $570 | $855 | $6,650 | $15,200 | $190,000 |
| 1895 S | $333 | $475 | $523 | $760 | $1,188 | $2,850 | $3,800 | $25,650 |
| 1896 | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $190 |
| 1896 O | $34 | $35 | $36 | $37 | $38 | $475 | $1,330 | $190,000 |
| 1896 S | $34 | $36 | $38 | $71 | $261 | $1,235 | $1,900 | $19,000 |
| 1897 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $309 |
| 1897 O | $34 | $22 | $24 | $26 | $29 | $285 | $760 | $61,750 |
| 1897 S | $34 | $35 | $36 | $37 | $38 | $43 | $67 | $570 |
| 1898 | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $214 |
| 1898 O | $34 | $35 | $36 | $37 | $38 | $39 | $43 | $166 |
| 1898 S | $34 | $36 | $38 | $43 | $67 | $190 | $214 | $2,375 |
| 1899 | $119 | $143 | $166 | $190 | $214 | $261 | $285 | $950 |
| 1899 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $166 |
| 1899 S | $34 | $36 | $38 | $43 | $71 | $190 | $261 | $1,900 |
| 1900 | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $238 |
| 1900 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $166 |
| 1900 O/CC | $34 | $43 | $57 | $71 | $119 | $238 | $356 | $2,613 |
| 1900 S | $34 | $35 | $36 | $37 | $43 | $190 | $309 | $1,425 |
| 1901 | $34 | $36 | $43 | $62 | $119 | $855 | $2,375 | $332,500 |
| 1901 Double Die Reverse | -- | -- | $285 | $950 | $1,900 | $6,650 | -- | -- |
| Date and Mint | G | VG | F | VF | XF | UNC | BU | MS-65 |
| 1901 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $190 |
| 1901 S | $34 | $36 | $38 | $40 | $71 | $309 | $475 | $3,325 |
| 1902 | $34 | $35 | $36 | $37 | $38 | $39 | $52 | $523 |
| 1902 O | $34 | $35 | $36 | $37 | $38 | $39 | $48 | $166 |
| 1902 S | $48 | $71 | $105 | $190 | $261 | $333 | $380 | $3,040 |
| 1903 | $38 | $48 | $57 | $62 | $71 | $81 | $86 | $285 |
| 1903 O | $261 | $285 | $333 | $356 | $380 | $428 | $437 | $665 |
| 1903 S | $67 | $95 | $119 | $238 | $404 | $2,850 | $3,800 | $11,400 |
| 1903 S Micro S | $133 | $190 | $238 | $475 | $808 | $5,700 | -- | -- |
| 1904 | $34 | $35 | $36 | $37 | $38 | $62 | $95 | $3,135 |
| 1904 O | $34 | $35 | $36 | $37 | $38 | $43 | $48 | $166 |
| 1904 S | $34 | $38 | $57 | $119 | $261 | $950 | $1,425 | $9,500 |
| 1921 | $34 | $35 | $36 | $37 | $38 | $43 | $48 | $166 |
| 1921 D | $34 | $35 | $36 | $37 | $38 | $43 | $48 | $428 |
| 1921 S | $34 | $35 | $36 | $37 | $38 | $43 | $48 | $1,140 |
These prices for Morgan Dollars are provided as a service to Hobbizine readers. They are derived from numerous sources such as dealer price lists, advertisements in numismatic publications, and public auction results. Use these values as a guideline for evaluating the reasonableness of dealer prices, setting up trades with other collectors, and estimating the worth of your collection.
Some notes about grading:
- G - Good: Major design elements are outlined but details are gone; the date may not be sharp (but should be readable) and the rim may not be complete.
- VG - Very Good: Major design elements, letters and numerals are worn but clear.
- F - Fine: Major elements are still clear but details are worn away.
- VF - Very fine: Light even wear on high points, all lettering and design details are sharp.
- XF - Extremely Fine: All design details are sharp; some mint luster remains.
- UNC - Uncirculated: No wear at all; there may be some contact marks and there may be some dulling of the luster.
- BU - Brilliant Uncirculated: a perfect coin with bright consistent luster and no scratches or contact marks.
- MS-65 - Mint State: These are prices for coins that have been certified a "65" by a third party grading company.
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