How Much Are My Morgan Dollar Coins Worth?

The dollar coins minted in 1922 and later aren’t “Morgan” dollars; rather, they are Liberty or “Peace” dollars, so-named because the word “Peace” appears in the legends on the reverse (tails side).

Unless they’re in as-minted, uncirculated condition, Peace dollars from 1922 and 1923 are very common, and are valuable mainly for their silver content. You can find the silver value of these coins here:

The 1886 Morgan Dollars are fairly common in the no-mint mark (Philadelphia Mint) and “O” mintmark (New Orleans Mint) varieties, but scarcer in the “S” mintmark (San Francisco Mint) variety. You can find the mintmark, if any, above the “O” in “DOLLAR” at the bottom of reverse.

There are many online price guides to Morgan Dollars, with values varying by grade (condition). You can find them by entering “morgan dollar values”, “morgan dollar prices” or “morgan dollar guide” into your favorite search engine. Here’s one example:

Note that many of these guides display the prices that a dealer might charge a customer; those retail prices are generally higher than the price you might realize when selling.

Since prices depend in large part on the grade (condition) of the coins, here’s a guide to grading Morgan Dollars: