Morgan Dollar Value Guide

The Morgan Dollar is a cornerstone of American numismatics, minted from 1878 to 1904 and once more in 1921 following the Bland-Allison Act. Named after designer George T. Morgan, these 90% silver coins are highly collectible due to their large size, historical significance, and the iconic profile of Lady Liberty.

What affects the value of Morgan Dollar?

• The specific year and mint mark, with Carson City (CC) issues typically commanding significantly higher premiums.
• The overall grade and preservation of the coin, particularly the level of detail remaining on Liberty's hair and the eagle's breast feathers.
• The current market price of silver bullion, which sets a baseline 'melt value' for the coin's 0.7734 troy ounces of silver.
• Rarity of the specific mintage, such as the limited production run of 1921 compared to earlier 19th-century strikes.

How to Identify Morgan Dollar?

• Verify the 90% silver and 10% copper composition, which gives the coin a distinct weight and metallic ring.
• Look for the designer's initial 'M' at the truncation of Liberty's neck and on the left loop of the ribbon on the reverse.
• Check for mint marks (CC, S, O, or D) located on the reverse side, centered just above the 'DO' in 'DOLLAR'.
• Examine the obverse for the specific profile portrait of Lady Liberty and the reverse for the eagle with outstretched wings.

History of Morgan Dollar

The Morgan Dollar is named after its designer, George T. Morgan, a U.S. Mint Assistant Engraver. It was authorized by the Bland-Allison Act of 1878, which required the U.S. Treasury to purchase a certain amount of silver and coin it into dollars. The coin features a profile portrait of Lady Liberty on the obverse and an eagle with outstretched wings on the reverse. Production ceased in 1904 when the supply of silver bullion stipulated by the Bland-Allison Act was exhausted. It was briefly re-minted in 1921.