Silver Dollar Melt Value
Every Morgan (1878–1921) and Peace (1921–1935) dollar contains 0.7734 troy ounces of silver, so today's melt value per coin is shown below, per coin, live.
Silver dollars are the coin type where treating melt as the price loses the most money: even common dates in decent condition trade above melt, and Carson City mintmarks or key dates can be worth many multiples. Melt is your absolute floor at a coin shop, never your target.
| Coin | Precious metal content | Melt value today |
|---|---|---|
| Morgan Dollar (1878–1921) | 0.7734 troy oz — 26.73 g, 90% silver | $53.45 |
| Peace Dollar (1921–1935) | 0.7734 troy oz — 26.73 g, 90% silver | $53.45 |
Dollar figures here are computed from the live spot price when the page loads and change continuously; the printed baseline is a 2026-08-23 snapshot. Cite the metal content and formula, not a captured price. Formulas on the methodology page.
Melt or collect?
Sell at melt-adjacent prices only for heavily worn common dates (1921 Morgan being the classic bulk coin). Before selling any dollar, check the date and the mintmark under the eagle. CC, and better dates like 1893-S or 1928, move the conversation from bullion to numismatics entirely.
Sources: live spot prices via gold-api.com · coin weights and fineness from U.S. Mint historical specifications · karat/fineness definitions per standard jewelry marking practice. Melt value ≠ an offer to buy; see how we calculate.