Silver Dollar Values

Silver Dollar Values Complete Guide: 1878-1921 Morgan & Peace Dollars 2025

Complete silver dollar value guide! Discover values for 1882, 1887, 1878, 1883 silver dollars and more. Use Coinly app to instantly identify and value your silver dollars with AI technology.

Coinly Team

Looking for silver dollar values? Morgan and Peace silver dollars from 1878-1935 are among America's most popular collectible coins, with values ranging from $35 for common dates to hundreds of thousands for rare varieties. Understanding silver dollar values requires knowledge of dates, mint marks, and condition grades.

The Coinly app revolutionizes silver dollar collecting by instantly identifying dates, mint marks, and providing accurate value estimates from a simple photo. No more guessing about that inherited silver dollar—know its exact value in seconds!

Silver Dollar Values by Date

Most Common Silver Dollar Values (2025)

Common Date Morgan Silver Dollars

Date Mint Mark VG-8 VF-20 XF-40 AU-50 MS-60 MS-65
1878-S S $40 $45 $50 $55 $70 $150+
1882 None (P) $38 $42 $48 $52 $65 $120+
1883-O O $38 $42 $48 $52 $65 $120+
1887 None (P) $38 $42 $48 $52 $65 $120+
1904-O O $38 $42 $48 $52 $65 $120+
1921 P/D/S $35 $40 $45 $50 $60 $100+

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1882 Silver Dollar Value

Morgan Silver Dollar 1882 Values

1882 Morgan Silver Dollar (Philadelphia Mint)

  • Mintage: 11,101,100 (very common)
  • VG-8: $38-$42
  • VF-20: $42-$48
  • XF-40: $48-$55
  • AU-50: $52-$60
  • MS-60: $65-$80
  • MS-65: $120-$200
  • MS-67: $500-$1,500+

1882-CC Morgan Silver Dollar (Carson City)

  • Mintage: 1,133,000 (key date)
  • VG-8: $400-$500
  • VF-20: $450-$550
  • XF-40: $500-$650
  • AU-50: $650-$800
  • MS-60: $850-$1,200
  • MS-65: $2,500-$4,000+
  • Investment Grade: Carson City mint mark adds significant premium

1882-O Morgan Silver Dollar (New Orleans)

  • Mintage: 6,090,000 (common)
  • Value Range: $38-$150 (similar to Philadelphia mint)
  • Condition Key: Higher grades command strong premiums
  • Coinly Advantage: Instant mint mark identification

1882-S Morgan Silver Dollar (San Francisco)

  • Mintage: 9,250,000 (common)
  • Value Range: $40-$180 (slight premium over P and O)
  • Quality Note: San Francisco coins often well-struck
  • Market Trends: Steady collector demand

1887 Silver Dollar Value

Morgan Silver Dollar 1887 Analysis

1887 Morgan Silver Dollar (Philadelphia)

  • Mintage: 20,290,000 (very common)
  • Base Value: $38-$42 in circulated grades
  • MS-60: $65-$80
  • MS-65: $120-$200
  • MS-67: $800-$2,000+
  • Population: Very high survival rate

1887-O Morgan Silver Dollar (New Orleans)

  • Mintage: 11,550,000 (common)
  • Similar Values: Nearly identical to Philadelphia mint
  • Grading Note: New Orleans coins sometimes show bag marks
  • Collector Appeal: Popular date for type collecting

1887-S Morgan Silver Dollar (San Francisco)

  • Mintage: 1,771,000 (scarcer)
  • VG-8: $50-$60
  • VF-20: $55-$65
  • XF-40: $65-$80
  • AU-50: $80-$120
  • MS-60: $150-$250
  • MS-65: $400-$800+
  • Key Point: Much scarcer than P and O mint marks

1887 Varieties and Errors

VAM (Van Allen-Mallis) Varieties

  • 1887 VAM-1A: $100-$500+ (doubled date variety)
  • 1887 VAM-12: $75-$300+ (alligator eye variety)
  • Professional Authentication: Coinly helps identify potential varieties
  • Market Premium: Verified varieties command significant premiums

1878 Silver Dollar Value

First Year Morgan Dollar Values

1878 8 Tail Feathers (8TF)

  • Mintage: 750,000 (scarce first variety)
  • VG-8: $50-$65
  • VF-20: $65-$85
  • XF-40: $85-$120
  • AU-50: $150-$250
  • MS-60: $300-$500
  • MS-65: $1,200-$3,000+
  • Historical Note: First Morgan dollars struck

1878 7 Tail Feathers (7TF)

  • Two Varieties: Reverse of 1878 and Reverse of 1879
  • 1878 7TF Rev '78: More common, $40-$200+
  • 1878 7TF Rev '79: Scarcer, $50-$300+
  • Eagle Difference: Count tail feathers to distinguish
  • Authentication: Professional grading recommended

1878-CC Morgan Silver Dollar

  • Mintage: 2,212,000 (Carson City premium)
  • VG-8: $150-$200
  • VF-20: $200-$250
  • XF-40: $250-$350
  • AU-50: $400-$600
  • MS-60: $700-$1,200
  • MS-65: $3,000-$6,000+
  • Investment Quality: Strong Carson City collector demand

1878-S Morgan Silver Dollar

  • Mintage: 9,774,000 (common)
  • Standard Values: $40-$180 depending on grade
  • Quality Issues: Often found with contact marks
  • Market Position: Affordable first-year example

1883 Silver Dollar Value

Morgan Silver Dollar 1883 Complete Guide

1883-O Morgan Silver Dollar (New Orleans)

  • Mintage: 8,725,000 (common)
  • Base Value: $38-$42 in lower grades
  • MS-60: $65-$80
  • MS-65: $120-$200
  • MS-67: $800-$2,500+
  • Bag Mark Issues: New Orleans coins often show storage damage

1883 Morgan Silver Dollar (Philadelphia)

  • Mintage: 12,291,000 (very common)
  • Collector Grade: Entry-level Morgan dollar
  • Values: Nearly identical to 1883-O
  • Quality Note: Generally better strikes than New Orleans

1883-CC Morgan Silver Dollar (Carson City)

  • Mintage: 1,204,000 (key date)
  • VG-8: $450-$550
  • VF-20: $500-$600
  • XF-40: $600-$750
  • AU-50: $750-$950
  • MS-60: $1,000-$1,500
  • MS-65: $3,500-$6,000+
  • Premium Factor: Carson City mint mark doubles or triples value

1883-S Morgan Silver Dollar (San Francisco)

  • Mintage: 6,250,000 (common)
  • Value Range: $40-$180
  • Strike Quality: Generally superior to other mints
  • Market Trends: Steady demand from collectors

Walking Liberty Half Dollar Value

1916-1947 Walking Liberty Halves

Key Date Walking Liberty Half Dollars

Date Mintage VG-8 VF-20 XF-40 AU-50 MS-60 MS-65
1916 608,000 $85 $150 $300 $650 $1,200 $4,500+
1916-D 1,014,400 $50 $85 $200 $450 $900 $3,500+
1916-S 508,000 $120 $200 $450 $900 $2,000 $8,000+
1917 12,292,000 $15 $20 $35 $65 $120 $400+
1917-D Obv 765,400 $45 $85 $225 $500 $1,200 $5,000+
1917-D Rev Included $35 $65 $150 $350 $800 $3,500+
1917-S Obv 5,554,000 $20 $35 $85 $200 $500 $2,500+
1917-S Rev Included $15 $25 $50 $125 $300 $1,500+

Common Date Values

  • 1940s Dates: $12-$25 in circulated grades
  • MS-60: $35-$60 for most dates
  • MS-65: $150-$400 for common dates
  • Full Steps: Premium for well-struck examples

1945 Half Dollar Value (Specific Request)

  • Mintage: 31,502,000 (very common)
  • VG-8: $12-$15
  • VF-20: $15-$18
  • XF-40: $18-$25
  • AU-50: $25-$35
  • MS-60: $40-$60
  • MS-65: $150-$300
  • Silver Content: 90% silver worth $11+ in melt value

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Silver Dollar Grading and Values

Understanding Coin Grades

Circulated Grades

  • VG-8 (Very Good): Heavy wear, major design elements visible
  • VF-20 (Very Fine): Moderate wear, most details clear
  • XF-40 (Extremely Fine): Light wear, sharp details
  • AU-50 (About Uncirculated): Slight wear on high points

Uncirculated Grades

  • MS-60 (Mint State): No wear but may have bag marks
  • MS-63 (Choice Uncirculated): Above average quality
  • MS-65 (Gem Uncirculated): Exceptional quality
  • MS-67+ (Superb Gem): Near-perfect specimens

Coinly's Grading Assistance

  • Visual Comparison: Compare your coin to graded examples
  • Wear Point Analysis: Identify specific areas of wear
  • Market Value Integration: Values tied to specific grades
  • Professional Referral: When to seek professional grading

Factors Affecting Silver Dollar Values

Date and Mint Mark

  • Key Dates: Scarce years command premiums
  • Carson City (CC): Premium mint mark for all dates
  • Philadelphia (No Mark): Standard pricing reference
  • Branch Mints: D, O, S mint marks may add or subtract value

Condition and Eye Appeal

  • Surface Quality: Original luster vs. cleaned surfaces
  • Strike Quality: Sharp details command premiums
  • Bag Marks: Storage damage reduces value
  • Toning: Natural color can add or subtract value

Market Factors

  • Silver Price: Base metal value affects floor prices
  • Collector Demand: Popular series maintain strong markets
  • Population: Number of coins graded affects rarity
  • Economic Conditions: Precious metals respond to uncertainty

Peace Silver Dollar Values (1921-1935)

High Relief and Regular Issue Peace Dollars

1921 Peace Dollar (High Relief)

  • Mintage: 1,006,473 (first year, high relief)
  • VG-8: $350-$450
  • VF-20: $400-$500
  • XF-40: $500-$650
  • AU-50: $650-$850
  • MS-60: $900-$1,200
  • MS-65: $2,500-$5,000+
  • Key Feature: High relief design, different from later years

Common Peace Dollar Values

  • 1922-1925: $35-$150 depending on grade
  • 1926-1927: Similar values to early 1920s
  • 1928: $350-$2,500+ (key date)
  • 1934: $50-$300+ (semi-key)
  • 1935: $50-$400+ (last regular issue)

Key Date Peace Dollars

  • 1928: Lowest mintage regular issue
  • 1934-S: Semi-key date with premium
  • 1935-S: Last year premium
  • Quality Issues: Many Peace dollars show bag marks

Silver Dollar Authentication

Common Counterfeits and Alterations

Fake Silver Dollars to Watch For

  • Added Mint Marks: CC mint marks added to common dates
  • Date Alterations: 1893-S made from 1893-O
  • Complete Counterfeits: Chinese-made replicas
  • Cast Counterfeits: Poor detail and wrong weight

Coinly's Authentication Features

  • Authentic Comparison: AI compares to verified authentic examples
  • Weight Analysis: Estimated weight from size analysis
  • Detail Verification: Checks for proper design elements
  • Red Flag Alerts: Warns of common alteration points

Professional Authentication Services

  • PCGS: Professional Coin Grading Service
  • NGC: Numismatic Guaranty Corporation
  • ANACS: American Numismatic Association Certification Service
  • Cost/Benefit: When professional authentication pays

Where to Sell Silver Dollars

Sales Channels for Maximum Value

Online Platforms

  • eBay: Largest audience, competitive bidding
  • Heritage Auctions: Professional coin auction house
  • Great Collections: Sunday internet auctions
  • PCGS/NGC Price Guides: Market value references

Local Options

  • Coin Shops: Immediate cash transactions
  • Coin Shows: Meet collectors and dealers
  • Pawn Shops: Quick sales but often lower prices
  • Private Collectors: Direct collector-to-collector sales

Preparation for Sale

  1. Coinly Valuation: Know current market value
  2. Professional Photos: High-quality images essential
  3. Accurate Description: Honest condition assessment
  4. Market Research: Check recent sales of similar coins

Maximizing Silver Dollar Values

Timing Considerations

  • Silver Market: Higher silver prices lift all boats
  • Collector Trends: Some series more popular than others
  • Economic Factors: Precious metals as hedge investments
  • Seasonal Patterns: Holiday gifts and tax refunds

Presentation Matters

  • Quality Photos: Show both obverse and reverse clearly
  • Proper Lighting: Avoid harsh reflections
  • Edge Shots: Show reeding and mint marks
  • Honest Descriptions: Accuracy builds trust

Building a Silver Dollar Collection

Collection Strategies

Type Collecting

  • One of Each Design: Morgan and Peace examples
  • Mint Mark Types: P, D, S, CC, O examples
  • Grade Types: Circulated and uncirculated examples
  • Budget Approach: Focus on affordable examples

Date Set Collecting

  • Morgan Dollars (1878-1921): Complete date/mint set
  • Peace Dollars (1921-1935): Shorter, more manageable set
  • Carson City Focus: Premium mint mark specialty
  • Key Date Challenge: Focus on scarce dates only

Condition Collecting

  • High Grade Focus: MS-65+ examples only
  • Original Surfaces: Emphasis on untouched coins
  • Eye Appeal Priority: Beautiful examples over technical grade
  • Investment Grade: Coins with appreciation potential

Budget Approaches

Starter Collection ($200-$500)

  • Common Morgans: 1880s-1890s Philadelphia mint
  • Peace Dollars: 1922-1925 common dates
  • Circulated Examples: VF-XF grades for affordability
  • Learning Focus: Build knowledge with affordable coins

Intermediate Collection ($500-$2,000)

  • Semi-Key Dates: Carson City common dates
  • Higher Grades: AU-MS examples
  • Better Dates: 1878, 1904-S, etc.
  • Quality Upgrade: Better coins, fewer purchases

Advanced Collection ($2,000+)

  • Key Dates: 1893-S, 1895-O, 1928 Peace
  • High Grades: MS-65+ examples
  • Carson City Focus: Premium CC dates
  • Investment Quality: Coins with strong track records

Silver Dollar Investment Potential

Market Performance Analysis

Historical Performance

  • 1970s-1980s: Silver boom drove exceptional gains
  • 1990s-2000s: Steady collector demand growth
  • 2008-2011: Precious metal bull market
  • 2020-Present: COVID collecting boom

Future Outlook Factors

  • Silver Industrial Demand: Growing technology uses
  • Collector Demographics: Aging traditional collectors
  • Global Uncertainty: Precious metals as safe haven
  • Numismatic Premiums: Collector value beyond metal

Investment Grade Categories

  • Carson City Morgans: Consistent strong performance
  • Key Date Morgans: 1893-S, 1895-O, etc.
  • High Grade Common Dates: MS-65+ examples
  • First/Last Year Issues: 1878, 1921 Peace

Risk Factors

Market Risks

  • Silver Price Volatility: Base metal value fluctuations
  • Collector Interest: Changing demographic preferences
  • Authentication Issues: Counterfeits affect market confidence
  • Grading Inconsistencies: Standards evolution over time

Mitigation Strategies

  • Coinly Usage: Immediate authenticity verification
  • Professional Grading: Third-party authentication
  • Diversification: Multiple dates and grades
  • Education: Continuous learning about market trends

Conclusion: Your Silver Dollar Success

Silver dollars represent one of the most rewarding areas of American coin collecting, combining historical significance, silver content, and strong collector demand. Whether you're evaluating inherited coins or building a collection, understanding values is crucial for success.

Your Silver Dollar Action Plan:

  1. Start with Coinly: Instant identification and valuation
  2. Learn Key Dates: Focus on scarcest and most valuable dates
  3. Understand Grading: Condition dramatically affects value
  4. Authentication First: Verify authenticity before purchasing
  5. Market Awareness: Stay informed about current values and trends

Modern Advantages:

  • Instant Expertise: Coinly provides professional-level identification
  • Market Intelligence: Real-time pricing and trend analysis
  • Authentication Help: AI-powered authenticity verification
  • Community: Connect with other silver dollar enthusiasts

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