The Morgan Dollar is a historic and iconic silver coin that was minted in the United States from 1878 to 1904, and then briefly again in 1921. Designed by George T. Morgan, a talented British engraver, the coin is named after its creator. On the obverse side, the Morgan Dollar features a left-facing portrait of Lady Liberty, wearing a Phrygian cap symbolizing freedom and a crown made of wheat and cotton, representing the nation's agricultural heritage. The word "LIBERTY" appears above her head, and the year of minting is below.
The reverse side of the coin showcases a majestic bald eagle with outstretched wings, clutching arrows and an olive branch in its talons. Encircling the eagle are the inscriptions "UNITED STATES OF AMERICA" and "ONE DOLLAR." Some variations of the Morgan Dollar also display the motto "E PLURIBUS UNUM."
Morgan Dollars are made of 90% silver and 10% copper, with a weight of 26.73 grams and a diameter of 38.1 millimeters. They are known for their robust and intricate design, making them highly collectible and prized by numismatists. The Morgan Dollar holds historical significance as it was minted during a period of economic growth and westward expansion in the United States. Today, it remains a cherished piece of American coinage history, sought after for its beauty and historical context.
The current melt value of a Morgan Dollar is $24.65.
The melt value is calculated based solely on the current price of silver, excluding the value of any other metals contained in the coin. The silver price used in this calculation is $31.87 per troy ounce, which was last updated on Monday, September 30, 2024 at 6:00 AM. All metal prices and melt values are displayed in US Dollars.