Pre-1921 Morgan Dollar - Common Circulated, No Grade, 90% Silver

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Pre-1921 Morgan Dollar: A Piece of American Numismatic History

The Pre-1921 Morgan Dollar holds a significant place in American numismatic history, embodying the economic and cultural landscape of late 19th and early 20th century America. Minted by the United States Mint between 1878 and 1904, these iconic silver dollars represent a pivotal era in the nation's monetary system.

These silver coins are commonly circulated versions, so they have no numismatic value. Instead, these Morgan Silver Dollars are valued for their melt value as opposed to any coin-collecting value. Money Metals Exchange sells these commonly circulated Morgan dollars as individual coins.

Coin Highlights:

  • Denomination: $1 USD Face value

  • Composition: 90% silver, 10% copper, 26.73 grams

  • Metal Weight: Approximately 0.77344 ounces of silver per $1 face value

  • Diameter: 1.5 inches (38.1mm)

  • Edge: Reeded

  • Minting Facilities: Coins were minted in several locations, including Philadelphia Mint (no mint mark), New Orleans Mint (O), San Francisco Mint (S), Carson City Mint (CC), and Denver Mint (D).

  • Availability: Pre-1921 Morgan Dollars are commonly found in circulated condition, showcasing signs of wear consistent with their use in commerce. This adds character and authenticity to each coin, reflecting its journey through time.

The Pre-1921 Morgan Dollar continues to captivate collectors and investors alike, serving as a tangible link to America's past. With its timeless design and historical significance, this iconic coin remains a prized addition to any numismatic collection.

Design and Symbolism

Designed by the British-born engraver George T. Morgan, the Morgan Dollar features a distinct and captivating design.

The obverse depicts a profile of Lady Liberty, wearing a crown adorned with wheat and cotton, symbolizing America's agricultural heritage. The crown sits on her Phrygian Cap which stands for liberty and freedom. The word "Liberty" arcs her crown, while thirteen stars on the sides of the coin design represent the original colonies. Above her head are the words E PLURIBUS UNUM, and below her is the year.

The reverse side of the coin showcases an American bald eagle with outstretched wings, clutching an olive branch and arrows in its talons, symbolizing peace and preparedness for defense. A laurel wreath is below the American eagle. Around the reverse side of the coin are the words UNITED STATES OF AMERICA, and ONE DOLLAR. Above the eagle is the motto IN GOD WE TRUST.

Historical Context

The production of the Morgan Dollar was spurred by the Bland-Allison Act of 1878, which mandated the minting of millions of silver dollars to alleviate the silver surplus resulting from the discovery of vast silver deposits in the West. The Morgan Dollar played a crucial role in facilitating commerce and trade during the late 19th century, circulating widely across the United States.

In 1918, the Pittman Act mandated the melting of 270,232,722 silver dollars.

In 1921, the U.S. Mint began producing the Morgan silver dollars once again, but quickly changed the design that same year to form the Peace Dollar (1921-1935, 2021+).

Discover the timeless allure of the Pre-1921 Morgan Dollar, a cherished piece of American numismatic history.

Embodying the nation's rich heritage and artistic craftsmanship, these coins hold a special place in both collectors' showcases and investors' portfolios.

Indulge in the elegance of the Pre-1921 Morgan Dollar from our curated selection!

Our knowledgeable customer service team is on hand to provide further details, address inquiries, and offer expert guidance on enriching your collection with these iconic silver coins.

To learn more about acquiring Pre-1921 Morgan Dollars or to explore options for selling your existing collection, contact us at our phone number:


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Product Specifications
Mint Facility: United States Mint
Denomination: $1 US
Date: 1878 - 1904
Quality / Type: Common circulated, No grade
Purity: 90% Silver
Metal Weight: .77344 Ozs per $1 Face
Diameter: 1.5" (38.1mm)
Edge: Reeded
Obverse: Woman crowned with Liberty
Reverse: Eagle with wings spread
Sell to Us

We are buying this item back daily, and we pay you promptly!

Our current buy pricing is $25.31 each and we will buy up to 1,000 at this price. Simply call us on any weekday to lock pricing at 1-800-800-1865.

Learn more about the process for selling to us here.

Shipping Info

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You can expect:

  • Prompt Shipping – We ship orders shortly after your payment has been cleared – generally within 2 business days.
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  • Privacy – Your package will have no external markings that provide any clue as to the contents. Because we insure packages with Lloyd's of London, we do not declare a value or insure with the carrier.
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Cost to Ship & Insure
(absent periodic special offers for free or discounted shipping)
Insured Value Cost
Up to $198.99 $7.97
Insured Value Cost
$199.00 + FREE
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