A SHORT COIN LESSON
Morgan dollars: not a full ounce of silver
A historical Morgan dollar contains 0.7734 fine troy ounce of silver—not a full ounce. Match the exact issue, then calculate contained metal value separately from collector value.
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- Your Morgan dollar is not a full ounce of silver.
- Classic Morgans are ninety percent silver. Their published silver content is zero point seven seven three four troy ounce.
- To estimate the metal value, multiply that fine silver weight by your quantity and today's silver spot price. Don't apply ninety percent again.
- The date, mint mark, and condition can add collector value beyond that estimate. Modern Morgans use a different profile.
- Choose the exact coin at NumisTrends dot net.
Photographs resized and cropped for display; coin details are not retouched. Jaclyn Nash / Smithsonian Institution · Public domain.
Music: “I Found the Grade in the Lighting” by NumisTrends.
Check the references
Verify the exact issue and published specifications before choosing a calculator profile.