Morgan Dollar Melt Value
Morgan Dollar Value Facts:
Date – Mint Rarity:
Contrary to popular belief the age of a Morgan Dollar has nothing to do with the value of a Morgan Dollar. You have two things that affect the value of each date and mint the most; and that’s mintage and survival rate.
In example, an 1893-S Morgan Dollar is the key date and has a mintage of 100,000 – but fewer than that have survived. So this coin is worth well over $2,000 even in the grade G4.
In contrast the the 1921 Morgan Dollar had a mintage of 44,690,000 and in the same G4 grade can be bought for less than $25. (Note: Two silver dollars dated 1921 were issued and the other is a Peace Dollar and values are much different).
Grade – Condition:
Morgan Dollars are valuable in the higher grades and some dates and mints more than others. The starting desirable grade for common date and mint state or uncirculated Morgan Dollars is MS63 (Mint State) but the most value begins at MS65 and above as these are “gem” BU (brilliant uncirculated) examples.
However there’s some dates and mints that become valuable in grades less than mint state and 1884-S is one example. This 1884-S Morgan Dollar starts to become scarce in AU (about uncirculated) despite it’s higher mintage, because the coin circulated more than most and many became worn, melted down or were lost during their circulation.
You should always consult a legitimate price guide to see the values for each Morgan Dollar date and mint and learn how to grade them properly. You should also learn to recognize cleaned or altered surface Morgan Dollars since that will lower the value as well.
A VAM is an acronym of two men’s names that studied and basically wrote the book on Morgan Dollar varieties. A Morgan Dollar VAM is caused by an alteration to the die and it can be a change in the design, a large die break or a doubled die.
Some can be extremely valuable and they’re rate as Hot 50 or Hot 100 and the higher the rank the more desirable and valuable, but as with any Morgan Dollar value the grade and condition will still play a major factor in value.
I recommend vamworld.com to learn about and help you identify Morgan Dollar VAMS.
Precious Metal Content:
Since a Morgan Dollar consist of 90% silver and 10% copper then their base price for any grade, condition, date or mint is going to be the silver value. A Morgan Dollar’s silver value depends on the current market price, so use this formula. Melt Value (90% Silver Dollars) = Face X 0.77344 X Spot.
Designer: George T. Morgan
Diameter: 38.1 millimeters
Metal Content: Silver – 90%, Copper – 10%
Weight: 26.73 grams
Mint mark: If none can be found it is (Philadelphia Mint), but many have the mint marks D (Denver Mint – 1921 only), S (San fransisco Mint), O (New Orleans Mint).
Note: This George T. Morgan creation has become America’s most collected, famous, and abundant silver dollar. Coupled with the coin’s size, silver content, beautiful design and high mintages it’s no wonder it’s coin collectors most favorite coin