If you have Morgan Silver Dollars sitting in a drawer, a safe deposit box, or an inherited collection, you are holding one of the most actively traded silver coins in America — and one of the most misunderstood when it comes to value.
At Buyers of New York, located at 30 W. 47th Street, Suite 8006 — steps from Rockefeller Center in Manhattan’s Diamond District — we have been buying Morgan Silver Dollars since 1993. We pay live spot-based pricing on every coin, and we assess key dates and rare mint marks for numismatic premiums that go far beyond silver melt value.
What Is a Morgan Silver Dollar Worth?
Every Morgan Dollar contains 0.7735 troy ounces of 90% silver. At current silver prices, that puts the base melt value of a common-date Morgan well above its $1 face value. But for many Morgan Dollars, the real value is numismatic — collector demand for specific dates and mint marks drives prices far above silver content.
Key dates that are worth significantly more than melt include the 1893-S, the 1895 (Proof only), the 1889-CC, the 1879-CC, and the 1903-O. Even common-date Morgans in high grades (MS-63 and above) trade at substantial premiums.
How We Price Morgan Dollars at Buyers of New York
We evaluate every Morgan Dollar on three levels: melt value (silver content × live spot price), circulated collector value (date, mint mark, and grade), and uncirculated grade premium (PCGS and NGC certified coins assessed at full registry value). We make our offer in front of you — you see every number before you accept anything.
Sell Your Morgan Dollars Near Rockefeller Center
We are located at 30 W. 47th Street, Suite 8006, one block from Rockefeller Center. Walk-ins welcome Monday through Friday, 10am to 6pm. Cash paid same day.
See our full pre-1964 silver coin buying page for current prices on all 90% silver US coins.