The Morgan Silver Dollar and the Silver Peace Dollar are highly sought-after silver coins, and if you have a coin in excellent condition from the right mint and year, your Silver Dollar could be worth a lot of money. Find out the value and history of your silver dollar in this comprehensive guide to silver dollars through history.
How is the Silver Dollar valued?
The value of the Morgan Silver Dollar and the Silver Peace Dollar depends on the coin’s condition, when it was minted, and which mint produced it.
How is the Silver Dollar graded?
The Silver Dollar is graded as uncirculated, extremely fine, fine, or good.
An uncirculated Silver Dollar will appear as if it had just been minted. Its features, such as its relief and legend, show no visible signs of wear and tear, although its color and tone can indicate its age.
![An 1878 Morgan Silver Dollar graded as extremely fine shows only faint signs of wear and tear.]](https://goldalliance.com/wp-content/uploads/2022/01/morgan-silver-dollar-1890-extremely-fine-300x300.jpg)
An extremely fine Silver Dollar shows only minimal signs of being used. Some of its details may be worn down, and the coin may feel smooth from being exchanged over the years
![An 1878 Morgan Silver Dollar in fine condition shows clear signs of being used and may look dull.]](https://goldalliance.com/wp-content/uploads/2022/01/morgan-silver-dollar-1878-fine-300x300.jpg)
A fine Silver Dollar is a coin in good condition but with clear signs of wear and tear. The coin may appear dull compared to the brilliance of higher grades, and its relief and legend may be slightly worn down.
A good Silver Dollar shows very clear signs of being exchanged over the years. It may require a close inspection to determine the coins type, year, mint, and other information.
A brief history of the Morgan Silver Dollar
The Morgan Silver Dollar was the first silver dollar minted after the Coinage Act of 1873, which ended the production of the previous design, the Seated Liberty Dollar. The Morgan Silver Dollar was minted from 1878 to 1904, in 1921, and beginning again in 2021, and it was minted at several US mints.
The Morgan Silver Dollar is named after its designer, George T. Morgan, who was an engraver for the US Mint. The obverse of the silver dollar shows a profile portrait of Liberty, and the reverse features an eagle with outstretched wings.
A brief history of the Silver Peace Dollar
The Silver Peace Dollar was first minted in 1921 as a replacement for the Morgan Silver Dollar. It was minted at several US Mints until 1928, from 1934 to 1935, and again in 2021. It was the last US silver coin to be struck for circulation.
The Silver Peace dollar was designed by Anthony de Francisci. The obverse of the silver dollar shows the head and neck of the Goddess of Liberty in profile, while the reverse features a resting bald eagle clutching an olive branch.
Silver dollars through history and their modern-day values
1878 Silver Dollar value
The 1878 Silver Dollar (with 8 tail feathers) has an estimated value of about $85 in extremely fine condition. If it is an uncirculated coin, its value can exceed $100. This was the first year that the Morgan Silver Dollars were minted, and they were created at three different US mints, namely Philadelphia, San Francisco, and Carson City.
1879 Silver Dollar value
The 1879 Silver Dollar has an estimated value of about $770 for a coin in extremely fine condition minted at the Carson City mint. If it’s an uncirculated coin, the value can go up to $1,700. This was the second year that the Morgan Silver Dollars were minted. It was designed by George T. Morgan, a famous silver engraver, who was hired to design various coins for the US government.
1880 Silver Dollar value
The 1880 Silver Dollar has an estimated value of around $285 for a coin in extremely fine condition minted at the Carson City mint. If it’s an uncirculated coin, the value can go up to $350. This was the third year the Morgan Silver Dollars were minted, and they were produced at the Carson City, Philadelphia, New Orleans, and San Francisco mints.
1881 Silver Dollar value
The 1881 Silver Dollar has an estimated value of around $425 if it’s in extremely fine condition and minted at the Carson City mint. If it’s an uncirculated coin, the value can go up to $440. The 1881 Morgan Silver Dollar was minted at four US mints, and the Carson City coins carry the highest prices as they saw the lowest mintage numbers. This was the fourth year the Morgan Silver Dollars were minted.
1882 Silver Dollar value
The 1882 Silver Dollar is estimated to be worth $120 if it’s in extremely fine condition and carries the Carson City mint mark. Uncirculated Morgan Silver Dollars from 1882 are valued at up to $145. Silver dollars from Carson City carry the highest prices because they saw the lowest mintage numbers. The obverse of the silver dollar depicts a profile portrait representing Liberty, modeled by Anna Willess. Williams,
1883 Silver Dollar value
The 1883 Silver Dollar has an estimated value of $120 if it’s in extremely fine condition and minted at the Carson City mint. Uncirculated Morgan Silver Dollars from 1882 are valued at up to $145. The 1883 Morgan Silver Dollar was minted at four US mints, and the Carson City coins carry the highest prices as they saw the lowest mintage numbers. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan.
1884 Silver Dollar value
The 1884 Silver Dollar has an estimated value of around $150 for a coin in extremely fine condition minted at the Carson City mint. If it’s an uncirculated coin, the value can be as high as $160. This was the seventh year the Morgan Silver Dollars were minted, and they were produced at the Carson City, Philadelphia, New Orleans, and San Francisco mints.
1885 Silver Dollar value
The 1885 Silver Dollar has an estimated value of about $570 in extremely fine condition and minted at the Carson City mint. If it’s an uncirculated silver dollar, the value can go up to $590. This 1885 Morgan Silver Dollars were minted at four US mints, including Carson City and Philadelphia.
1888 Silver Dollar value
The 1888 Silver Dollar is estimated to be worth $185 for a coin in extremely fine condition minted at the San Francisco mint. Uncirculated silver dollars are valued at up to $205. This was the eleventh year the Morgan Silver Dollar was minted. The reverse of the coin depicts an eagle with wings outstretched, and it’s designed by engraver George T. Morgan.
1889 Silver Dollar value
The 1889 Silver Dollar has an estimated value of around $39 for a coin in extremely fine condition from the New Orleans mint. If it’s an uncirculated coin, the value can be as high as $55. The Morgan Silver Dollar is named after its designer, George T. Morgan. The obverse of the coin depicts Liberty, while the reverse featured an eagle with outstretched wings.
1890 Silver Dollar value
The 1890 Silver Dollar has an estimated value of around $140 for a coin in extremely fine condition from the Carson City mint. If it’s an uncirculated silver dollar, the value is around $190. This was the thirteenth year the Morgan Silver Dollar was minted, and they were produced at the Carson City, New Orleans, Philadelphia, and San Francisco mints.
1921 Morgan Silver Dollar value
The 1921 Morgan Silver Dollar has an estimated value of around $37 for a coin in extremely fine condition minted at the Denver mint. If it’s an uncirculated coin, the value is slightly higher at $38. This was the last year the Morgan Silver Dollars were minted until 2021 when a few hundred thousand Morgan Silver Dollars were produced. In 1921, the coin was minted at the Philadelphia, San Francisco, and Denver mints.
1921 Peace Silver Dollar value
The 1921 Silver Peace Dollar has an estimated value of around $140 for a coin in extremely fine condition. If it’s an uncirculated silver dollar, the value is around $150. This was the first year the Silver Peace Dollar was minted, and it was introduced to replace the Morgan Silver Dollar.
1922 Silver Peace Dollar value
The 1922 Silver Peace Dollar has an estimated value of around $33 for a coin in extremely fine condition. If it’s an uncirculated silver dollar, the value is around $36. This was the second year the Silver Peace Dollar was minted. The coin was designed by Anthony de Francisci, and its obverse features the head and neck of the Goddess of Liberty in profile.
1923 Silver Peace Dollar value
The 1923 Silver Peace Dollar has an estimated value of around $33 for a coin in extremely fine condition. If it’s an uncirculated silver dollar, the value is around $37. Its reverse depicts a bald eagle at rest clutching an olive branch. Below it is the legend “Peace.” The 1923 Silver Dollar was minted at the Philadelphia, Denver, and San Francisco mints.
The Silver Dollar is a piece of US history
The Morgan Silver Dollar and the Silver Peace Dollar are a great piece of American history. The silver dollars were minted over many years, and with the different grades of the silver dollar there’s one for every budget. It’s a great addition to any coin collection, and the coins are worth looking after and passing down to the next generation.
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