Coin values · live melt
Silver dollar value: Morgan and Peace melt value today
Morgan (1878–1921) and Peace (1921–1935) dollars are 90% silver — about three-quarters of an ounce each — so they carry a solid silver floor, with key dates and high grades worth much more. A Morgan or Peace dollar 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.
Melt value by series
Specs, key dates, a melt calculator and the melt history since 1968 for each series. Melt at the Nov 3, 2026 close.
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.
Is your silver dollar silver?
Silver years: 1878–1935 (Morgan & Peace, 90% silver); some 1971–1976 Eisenhower dollars are 40% silver collector issues.
Morgan and Peace dollars are 90% silver. Circulating Eisenhower dollars (1971–1978) are copper-nickel; only the special collector Ikes are 40% silver. Sacagawea and Presidential "golden dollars" contain no precious metal.
Silver Dollar composition by year
| Years | Composition | Silver content |
|---|---|---|
| 1878–1935 (Morgan/Peace) | 90% silver, 10% copper | 0.7734 oz |
| 1971–1976 (collector Ike) | 40% silver clad | 0.3163 oz |
| 1971–present (circulating $1) | Copper-nickel / manganese-brass | — |
Which silver dollars are worth money
- Morgan & Peace dollars: 90% silver, ~0.7734 oz each — a strong melt floor.
- Key dates: 1893-S and 1889-CC Morgan dollars; the 1921 Peace (high relief) and 1928 Peace.
- Carson City (CC) mint Morgans are especially collectible.
- High-grade and proof-like examples carry large premiums over melt.
Popular silver dollars by year
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