Coin values · Key date
1893-S Morgan Dollar Value
The 1893-S is the king of the Morgan dollar series — the lowest-mintage business strike at just 100,000 coins. It is highly valuable in every grade and one of the most important US coin rarities. One coin holds 0.7734 oz of silver, worth $38.50 in melt at the Nov 3, 2026 close.
What's it worth? Live melt calculator
Melt = pure metal content × recent spot (silver $49.78/oz). This is the bullion floor; collectible coins can be worth far more. Federal rules restrict melting only 1¢ and 5¢ coins (31 CFR Part 82; 1942–1945 silver war nickels are exempt). This estimates intrinsic value.
What a silver dollar’s silver has been worth since 1968
A silver dollar held about $1.52 of silver in 1968, peaked near $79.81 in 2026, and its metal is worth $38.50 today. That is melt only; a scarce date or high grade can carry a collector premium on top.
Key facts
- Mintage: 100,000 — the lowest business-strike Morgan.
- Valuable even heavily worn; gem examples are six- to seven-figure coins.
- Frequently counterfeited or altered (added-S, date alteration) — buy certified.
- Composition: 90% silver, ≈0.7734 oz.
Melt value by series
Buy at Bullion Trading LLC
Store prices as of 2026-11-03. Today's price is on each product page.
