Morgan & Peace Dollar Values
Every Morgan (1878–1921) and Peace (1921–1935) dollar carries 0.7734 oz of silver, so the live melt floor below is your absolute minimum. Common dates in circulated grades trade at melt plus a modest premium — never below.
The key-date list is where dollars leave bullion pricing entirely: Carson City mintmarks, 1893-S, 1889-CC, 1928, 1934-S. Check the date and the mintmark (reverse, below the wreath/eagle) on every dollar before selling by weight — this is the single highest-stakes check in US coins.
Value bands by condition
| Condition | Typical retail (common dates) |
|---|---|
| Heavily worn (dateable) | melt ($53.45) – $58.45 |
| Average circulated | melt ($53.45) – $65.45 |
| Lightly worn (sharp detail) | $53.45 – $73.45 |
| Uncirculated (no wear, mint luster) | $53.45 – $108.45 |
This series is silver (0.7734 oz per coin) — the live melt value, $53.45 at the snapshot rate, is the floor under every band.
Melt floor applies to every Morgan. CC mintmarks and the keys listed move it to numismatic pricing entirely.
Dates and varieties worth pulling aside
| Date / variety | Status | What to do |
|---|---|---|
| 1894 | Key date | Worth far more than the common band — check PCGS/NGC price guides or get a dealer opinion before selling. |
| 1901 | Better date | Carries a real premium over common dates; look it up before treating as bulk. |
| 1879-CC | Key date | Worth far more than the common band — check PCGS/NGC price guides or get a dealer opinion before selling. |
| 1889-CC | Key date | Worth far more than the common band — check PCGS/NGC price guides or get a dealer opinion before selling. |
| 1893-S | Key date | Worth far more than the common band — check PCGS/NGC price guides or get a dealer opinion before selling. |
| 1893-CC | Key date | Worth far more than the common band — check PCGS/NGC price guides or get a dealer opinion before selling. |
| 1895 (proof only) | Key date | Worth far more than the common band — check PCGS/NGC price guides or get a dealer opinion before selling. |
| any CC mintmark | Better date | Carries a real premium over common dates; look it up before treating as bulk. |
Coin specifications from U.S. Mint historical standards; value bands are editorial retail ranges reviewed against public auction and dealer pricing — they are context, not offers. Live melt data via gold-api.com. See how we calculate.