Silver Dollar Melt Value
Every Morgan (1878–1921) and Peace (1921–1935) dollar contains 0.7734 troy ounces of silver — at today's spot that's the melt value 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.