Sell Morgan Dollar Silver Coins & Check Prices
reDollar.com is the perfect place to sell Morgan silver dollars. We pay the highest possible price for damaged Morgan dollars as well as rare Morgan silver dollars. Our company is recognized for making the best silver deals and offering unbeatable prices for your precious coins. Depending on whether your coins are graded scrap or worth collecting, either our melting division or our coin experts will handle your selling transaction. They work very closely together to ensure that no coin reflecting a collector’s value undergoes melting.
The current material value of one Morgan silver dollar is $23.93 and today, you can sell a Morgan dollar for $22.96 to our company. If you own Morgan dollars with collector’s value, we’ll pay you even more. We never offer just the melt-down value for those coins.
Morgan Silver Dollar Value & Specifications
Face Value: 1 (one) US Dollar
Gross Weight: 26.73 grams
Silver Content: 0.7734 troy ounces
Composition: 90% silver and 10% copper
Minted: between 1878 and 1904 and in 1921
Today’s Material Value: $23.93
Today’s Melt-Down Value: $22.96
Sell Morgan Silver Dollars
reDollar.com makes it easy, safe, and convenient to sell Morgan silver dollar coins. Basically, you have two options. You can either order a selling kit to be mailed to your address with everything you need to ship your coins to our laboratory, free and fully insured, or you can request a shipping label – also fully insured and free – to be sent to your email, ready for immediately use. As soon as we have your Morgan dollar coins on our lab table, we’ll start working on your purchase offer. Expect to receive our offer on the same day! If you agree to sell your Morgan silver dollars for the offered amount, payment will be made immediately.
reDollar Video Education: How to sell Morgan Dollar coins
In this video, our experts discuss selling Morgan Dollar silver coins. They cover the pricing process and explain the entire selling process, from starting online to shipping and receiving payment.
Source: reDollar YouTube Channel
Morgan Silver Dollar History
The Morgan dollar coin was minted from 1878 to1904. It was the first silver minted coin since the Seated Liberty dollar was produced. The Coinage Act of 1873 had banned the production of silver coins, shifting the economy to mainly support the gold standard. It took another act of congress for this coin to be minted. The Morgan dollar came to be after lobbyists with mining interests persuaded congress to pass the Bland-Allison Act. The Bland-Allison Act required the mint to purchase a few million dollars’ worth of silver at the market value and press some of it into coins each month.
The Bland-Allison Act was then canceled and the Sherman Silver Purchase Act took its place. The Sherman Silver Act made it so that the mint was then asked to purchase 4,500,000 troy oz., or about 140,000 kg, of silver each month but to only produce the silver dollar for one more year. By 1893, the Sherman Silver Act was no longer in place. In 1898, congress again required the mint to produce silver coins, turning them into dollars with all remaining silver bullion that had previously been purchased. In 1904, the silver stock was depleted, and the Morgan dollar was no longer coined. The Morgan dollar was minted one last time in 1921, when congress passed the Pittman Act. This act allowed for the melting of previously minted silver coins.
In the 1960s, the U.S. Treasury was surprised when it found a large amount of Morgan dollars sitting in a vault that had never been issued. This included issues of the Morgan dollar that were once perceived to be vary rare. They were then sold to the public at face value, and the Treasury stopped issuing silver certificates for silver coins.
The Morgan dollar was named for its designer, George T. Morgan. The image depicted on one side of the coin is a profile representing Liberty. The reverse side is an image of an eagle with outstretched wings.
Morgan Dollar Obverse
The Morgan dollar’s obverse was designed in 1878 by George T. Morgan and displays the Liberty.
Morgan Dollar Reverse
The Morgan dollar’s reverse was designed by George T. Morgan and displays an eagle and olive branches.
Q & A About Selling Morgan Dollar Coins
Morgan Dollar silver coins belong to the most desired US silver coins. The huge advantage of Morgan dollar coins is that almost everyone is able to afford one of those historically very interesting coins. While some Morgan dollars are worth only $24.17, others like the 1893-S minted can be worth thousands to millions of dollars. Let’s answer some very common questions about Morgan dollar silver coins, for you.
How much can I sell a Morgan Dollar for?
Generally spoken, most Morgan Dollar silver coins are worth anywhere between $15 and $50. Some may be worth significantly more; hundreds or even thousands of dollars. Especially graded Morgan Dollars should be carefully reviewed as there may be a reason why they have been graded. The top 3 grading companies for Morgan Dollar coins are PCGS, NGC, and ANACS.
What’s the melt value of a Morgan dollar?
The condition of some Morgan Dollar silver coins may be so bad, that melting down those coins is the only option left. The melt value of a Morgan Dollar coin is based on the weight of the coin, its purity, and the current silver price. Morgan dollar coins are made of 90% silver and the current melt value/ scrap value is $19.34 per coin. Many Morgan Dollar coins have been in circulation for almost 150 years resulting in some coins that have lost their entire relief.
What year Morgan dollars are valuable?
Morgan Dollar coins that are more valuable are also called “better date” coins. Those coins would be: 1878-CC, 1879-CC, 1880-CC, 1881-CC, 1882-CC-1883-CC, 1884-CC, 1885-CC, 1888-S, 1889-CC, 1890-CC, 1891-CC, 1892-CC, 1893-CC, 1893-O, 1893-S (one of the most valuable Morgan Dollar coins at all), 1894, 1895-O, 1895-S, 1899, 1902-S and 1903-O. Those better date Morgan Dollar coins are more valuable than other years.
Where and how can I sell a Morgan Dollar?
The fastest and easiest way to sell a Morgan Dollar coin is reDollar. Besides paying the highest price for your Morgan Dollars, reDollar will also check for a potential numismatic value in your coin. You can be absolutely certain that no money was left on the table and you have been dealing with the best place to sell silver coins. Another way to sell Morgan Dollar coins would be listing on eBay. Although eBay will engage you with hundreds of potential buyers, the drawbacks of dealing with high selling fees, shipping, and potentially fraudulent buyers should be taken into consideration.
Will a Morgan Dollar stick to a magnet?
A Morgan Dollar coin will not stick to a magnet. Morgan Dollar coins are made of 90% silver and 10% copper; this composition will not attract your earth magnet. Silver is a diamagnetic precious metal, meaning that your coin will be slight repelled by a magnetic field. This effect is minor visible with a smaller silver coin like the Morgan Dollar but can be observed pretty strongly with a heavier silver ingot. If your Morgan Dollar sticks to a magnet, you own a poorly counterfeit coin.
Should I sell my Morgan Dollar, now?
It’s probably not a big decision if you should see a single Morgan Dollar, now or later BUT it’s getting a pretty big decision if it’s about selling many Morgan Dollar coins. Generally spoken, silver is still in a correction with a few bounces higher. So far, those bounces have been extensively used by folks to liquidate coins and other silver merchandise what was one reason why the price has been pushed down again. We can still speak about a long-term correction in the silver market. Use bounces to sell your Morgan Dollar coins as they can make a significant difference in the amount you will get paid.
How much is a 1921 Morgan Dollar worth?
Most 1921 Morgan Dollar coins are worth between $19.34 and $26.59. Even slightly better graded 1921 Morgan Dollar coins are trading for less than 100 dollars. Only MS65, MS66, and MS67 graded 1921 Morgan Dollars coins will sell for hundreds to thousands of dollars.
Where to sell a Morgan Dollar near me?
It’s very easy to sell a Morgan Dollar near you: coin dealers, pawn shops, gold exchanges, online buyers, and even jewelry stores will certainly take your coins in. The challenge is getting paid a really good price. reDollar.com is #1 buyer for your Morgan Dollar coins. Very high prices and lightning fast payments are guaranteeing a successful and hassle-free selling transaction.
What’s the weight of a Morgan Dollar coin?
A Morgan Dollar silver coin will weigh exactly 26.73g what equals 412.50 grain or 0.859 troy ounces. Some Morgan Dollar coins may weigh less due to heavy wear. Some coins have been beat-up so badly that they have lost weight since the first Morgan Dollar was minted in 1878.
Identify Fake Morgan Silver Dollars
We’ve provided some comparison images for folks interested in doing at-home research to see if their coins are real or fake. Usually, faked coins show quality differences in details. You can use a magnifier on your coins at home to compare them with our microscopic photos (10x) of an authentic Morgan dollar.
