These US silver dollars were designed by a man named George Morgan, so collectors call them Morgan Dollars. They are highly prized collectibles.
Most Morgans you see today are 'common date' coins. 1921 is the most common of the common dates, as hundreds of millions of them were made. Coins with better dates, not common dates, are listed below. They are more valuable.
To figure the value of a US Morgan silver dollar, start with its basic silver value. Each Morgan silver dollar coin contains 0.773 troy ounces of silver. Use a web site such as kitco.com to find the current price of silver in US dollars per troy ounce, then multiply that price by 0.773 to calculate the base value (BV) of the coin. The value can never go lower than BV. For instance, if the value of silver is $20 per troy ounce, the base silver value would be 0.773 x 20 = $15.50.
Never clean or polish your Morgan dollars. Cleaning, polishing, scraping, sanding, brushing, using steel wool, and all abrasive procedures ruin value.
Values appear on this page for common dates first, then the better dates. Common dates are those that do not appear in the better date listing. To attain these values, a coin must be free of all problems such as scratches, spots, stains, cleanings, nicks, holes, dings, scuffs, and any other kind of damage.
COMMON DATE MORGAN DOLLARS:
worn: BV + $3 retail value
average circulated: BV + $5
well preserved: BV + $8
fully uncirculated: BV + $15
MORGAN DOLLARS DATED 1921 (includes coins with mint marks):
circulated: BV + $3 retail value
fully uncirculated: BV + $8
The values above are approximate retail prices, that is, prices paid by collectors or investors for Morgans they buy from coin dealers. If you want to sell your Morgan dollar to a coin dealer, he or she will pay substantially less than retail. For single coins, margins can be as high as 100%. For a large number of coins, margins can go way down. Coin dealers use the margins to keep their business afloat.
Note: ff you have a 1921 peace silver dollar, and not a 1921 Morgan silver dollar (the picture on this page shows a Morgan dollar), you have a valuable coin. See our appraisal page for peace dollars at this link [PRESS HERE].
There are particular dates and mint marks in the Morgan dollar series that are better dates. Look for the mint mark (S, O, or CC) under the wreath on the back of the coin. Those with CC mint marks (CC = Carson City, Nevada mint), command especially high prices.
Better date Morgans appear in the list below. The values at the right of each date is an approximate catalog value for coins in average circulated condition. To attain these values, a coin must be free of all problems such as scratches, spots, stains, cleanings, nicks, holes, dings, scuffs, and any other kind of damage.
BETTER DATES (for common dates, see the table further up on this page)
1878CC: $85 US dollars approximate catalog value
Be sure you understand what 'catalog' means, as this is an inflated value. Check our Terminology page for an explanation.
Hope you have an 1895!