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  1. Bullion
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  3. Morgan Dollars

Morgan Dollars overview

Morgan Dollars are United States silver dollars struck from 1878 through 1904, and again in 1921, along with a modern commemorative revival beginning in 2021. Each coin is composed of 0.900 fine silver, weighing 26.73 grams (approximately 0.7734 troy oz of pure silver), and carries a face value of one dollar.

Updated June 2026

Morgan Dollars

Morgan Dollars are United States silver dollars struck from 1878 through 1904, and again in 1921, along with a modern commemorative revival beginning in 2021. Each coin is composed of 0.900 fine silver, weighing 26.73 grams (approximately 0.7734 troy oz of pure silver), and carries a face value of one dollar. The series takes its name from its designer, George T. Morgan, whose initials appear on the obverse truncation of Liberty's neck. The obverse features a left-facing portrait of Liberty wearing a coronet and a Phrygian cap, flanked by stars, while the reverse depicts a heraldic eagle with outstretched wings. Coins were produced at several mint facilities — Philadelphia, Carson City (CC), New Orleans (O), San Francisco (S), and Denver (D) — and mint marks are a central focus for collectors. Key dates, die varieties (particularly VAM attributions catalogued by Van Allen and Mallis), and mint-mark combinations drive significant collector interest. Grades range widely, from heavily circulated examples to pristine Mint State (MS) specimens, including proof issues struck for collectors. On CoinDuffle, the Morgan Dollar listings span the full run of the series: circulated grades, BU rolls, raw and NGC/PCGS-certified examples, individual key and semi-key dates, and common-date bulk lots. Buyers will find offerings from multiple vetted dealers, covering a broad range of years, mint marks, and grade levels — from affordable circulated pieces to high-grade certified coins sought by advanced registry-set collectors.

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1882-1884 CC Morgan Silver Dollar GSA with Box & COA (Random Year) - Morgan Dollars from Lone Star Coins
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1882-1884 CC Morgan Silver Dollar GSA with Box & COA (Random Year)

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About Morgan Dollars

Morgan Dollars are United States silver dollars struck from 1878 through 1904, and again in 1921, along with a modern commemorative revival beginning in 2021. Each coin is composed of 0.900 fine silver, weighing 26.73 grams (approximately 0.7734 troy oz of pure silver), and carries a face value of one dollar. The series takes its name from its designer, George T. Morgan, whose initials appear on the obverse truncation of Liberty's neck.

The obverse features a left-facing portrait of Liberty wearing a coronet and a Phrygian cap, flanked by stars, while the reverse depicts a heraldic eagle with outstretched wings. Coins were produced at several mint facilities — Philadelphia, Carson City (CC), New Orleans (O), San Francisco (S), and Denver (D) — and mint marks are a central focus for collectors. Key dates, die varieties (particularly VAM attributions catalogued by Van Allen and Mallis), and mint-mark combinations drive significant collector interest. Grades range widely, from heavily circulated examples to pristine Mint State (MS) specimens, including proof issues struck for collectors.

On CoinDuffle, the Morgan Dollar listings span the full run of the series: circulated grades, BU rolls, raw and NGC/PCGS-certified examples, individual key and semi-key dates, and common-date bulk lots. Buyers will find offerings from multiple vetted dealers, covering a broad range of years, mint marks, and grade levels — from affordable circulated pieces to high-grade certified coins sought by advanced registry-set collectors.

Frequently asked questions

Morgan Dollars were produced from 1878 to 1904, then again in 1921, making for a 28-issue run across the classic era. The U.S. Mint also struck a commemorative Morgan Dollar series beginning in 2021, reviving the design with modern minting standards. Each era and mint facility combination represents a distinct collectible entry point within the series.
Each Morgan Dollar contains 0.900 fine silver, with a total weight of 26.73 grams. This translates to approximately 0.7734 troy ounces of pure silver per coin. The alloy is completed with 0.100 copper. This standard composition was consistent across all classic-era Morgan Dollars regardless of the striking mint facility.
Morgan Dollars were struck at five U.S. Mint facilities: Philadelphia (no mint mark), Carson City (CC), New Orleans (O), San Francisco (S), and Denver (D). The mint mark, when present, appears on the reverse of the coin beneath the eagle's tail feathers. Carson City and New Orleans issues are especially popular among collectors for their historical significance and relative scarcity.
VAM varieties — named after researchers Leroy Van Allen and A. George Mallis — are die varieties identified by distinctive characteristics such as doubled dies, repunched mint marks, or unique die gouges. The VAM World reference catalogues hundreds of varieties across the Morgan and Peace Dollar series. Collectors who specialize in VAMs seek out specific die marriages, and attributed examples often carry a premium over unattributed coins of the same date.

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Premiums vs spot

See live pricing tied to spot and compare fixed-price and dynamic offers. Higher-demand items can carry larger premiums; check weights, fineness, and mintage before you buy.

Graded vs. raw coins: which should you buy?

Comparison of certified (graded) and raw morgan dollars
FactorCertified / graded (PCGS, NGC)Raw / uncertified
AuthenticationThird-party verified and sealed in a tamper-evident holderAssessed by the buyer or dealer
LiquidityHigher — the grade is a standardized, trusted referenceVaries with buyer confidence and condition
Typical premiumHigher (covers grading cost and assurance)Lower — closer to melt or bullion value
Best forNumismatic value and resale confidenceStacking by weight at the lowest cost

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