Metal (melt) value of one coin
The 90% silver US dollar of 1878–1921; the Peace dollar has the same silver content.
0.77345 troy oz of fine silver × 49.12 USD per troy ounce = 37.99 USD. The value follows the live spot price and changes with the market.
The metal value is what the gold or silver alone is worth. Dealers and jewellers sell coins above it to cover minting, their margin and, for jewellery coins, workmanship; they usually buy back slightly below it. Rare dates and collector grades can be worth far more than their metal.
| Coins | Value (USD) |
|---|---|
| 1 | 37.99 |
| 2 | 75.98 |
| 5 | 189.94 |
| 10 | 379.88 |
| 20 | 759.76 |
| 50 | 1,899.40 |
| 100 | 3,798.80 |
| Currency | Value |
|---|---|
| US Dollar USD | 37.99 USD |
| Euro EUR | 34.03 EUR |
| British Pound GBP | 28.37 GBP |
| Japanese Yen JPY | 5,985.47 JPY |
| Swiss Franc CHF | 31.34 CHF |
| Canadian Dollar CAD | 53.08 CAD |
| Australian Dollar AUD | 54.01 AUD |
| Chinese Yuan CNY | 252.43 CNY |
| Indian Rupee INR | 3,606.96 INR |
| Turkish Lira TRY | 1,897.00 TRY |
| UAE Dirham AED | 139.51 AED |
| Saudi Riyal SAR | 142.53 SAR |
| Russian Ruble RUB | 3,060.81 RUB |
| Brazilian Real BRL | 206.57 BRL |
| Mexican Peso MXN | 713.00 MXN |
| South African Rand ZAR | 634.16 ZAR |
| South Korean Won KRW | 50,653.61 KRW |
| Singapore Dollar SGD | 48.52 SGD |
| Hong Kong Dollar HKD | 297.97 HKD |
| Pakistani Rupee PKR | 10,507.62 PKR |
| Egyptian Pound EGP | 2,128.93 EGP |
At the live silver spot price, the metal in a Morgan silver dollar is worth 37.99 USD (Nov 1, 2026, 11:03 AM UTC), or 37.99 USD. Shop prices are higher because of the dealer's premium.
A Morgan silver dollar weighs 26.730 g at a fineness of 900.0 ‰, so it contains 24.057 g of fine silver (0.77345 troy oz).
The metal value covers the gold or silver only. Retail prices add minting costs, the dealer's margin and sometimes workmanship, and buy-back prices are usually a little below the metal value.
Prices as of Nov 1, 2026, 11:03 AM UTC