Morgan Silver Dollar (Cull)
Silver · Coin · 0.7734 oz · .9 · Cull · US Mint
Specifications
- Grade
- Cull
- Weight
- 0.7734 oz
- Purity
- .9
- Mint
- US Mint
- Country
- United States
- First struck
- 1878
About the Morgan Silver Dollar
The Morgan Silver Dollar is the most collected U.S. silver coin in history. The U.S. Mint struck Morgans from 1878 through 1904, revived production for one final year in 1921, and brought the design back as a modern commemorative in 2021. Each original Morgan contains 0.7734 troy ounces of pure silver in a 90% silver, 10% copper alloy.
Designer George T. Morgan put Liberty's portrait on the obverse, modeled on Anna Willess Williams of Philadelphia. A heraldic eagle clutching arrows and an olive branch sits on the reverse. The coin weighs 26.73 grams and measures 38.1 mm across, the same large dollar format that defined U.S. silver coinage in the late 19th century.
Strike quality and surface preservation drive enormous price spreads in the collector market. A common-date circulated Morgan trades close to silver melt. An uncirculated key date can sell for thousands. Mint marks for Carson City, New Orleans, San Francisco, Denver, and Philadelphia all carry their own followings.
For bullion-focused buyers, Morgans typically come as cull or very-good condition rolls of 20 coins. The per-coin premium over silver melt approaches the lowest of any pre-1965 U.S. silver. That makes them a practical way to stack 90% silver with a recognizable, highly liquid coin.
Higher-grade examples cross from bullion into numismatic territory. Once a Morgan grades MS-63 or better, professional grading services like PCGS and NGC drive the price, not weight. If your goal is silver content, stick with rolls. If your goal is collecting, individual graded coins are a different market.
Morgans are easy to authenticate by feel and ring. They're heavy, they're 90% silver, and counterfeits tend to fail on weight or dimensions. That liquidity is part of why the coin remains a stacker favorite more than a century after the last original was struck.
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