Melt Values of U.S. Silver Coins
| Coin | Composition | Melt Value Updated 8/2/2021 |
|---|---|---|
| Morgan Dollar (1878-1921) | 90% Silver | $19.71 |
| Peace Dollar (1921-1935) | 90% Silver | $19.71 |
| Eisenhower, Silver (1971-1976) | 60% Copper, 40% Silver | $8.05 |
| American Silver Eagle $1 (1986-Date) | 99.93% Silver | $25.48 |
Can you melt down silver dollars?
Despite rumors to the contrary, it is not illegal to melt U.S. silver coinage for its metal value. Since then, it is legal to melt silver coinage, as there is little, if any, in circulation.
Melt Values of U.S. Silver Coins
| Coin | Composition | Melt Value Updated 8/13/2021 |
|---|---|---|
| Morgan Dollar (1878-1921) | 90% Silver | $18.11 |
| Peace Dollar (1921-1935) | 90% Silver | $18.11 |
| Eisenhower, Silver (1971-1976) | 60% Copper, 40% Silver | $7.40 |
| American Silver Eagle $1 (1986-Date) | 99.93% Silver | $23.42 |
How much is a US silver dollar worth?
The relatively high-mintage 1879 Philadelphia Mint Morgan dollar is worth perhaps $15 to $30 in well-circulated grades, while the low-mintage 1928 Philly-minted Peace dollar can take $200 or more in the same condition. Value really has nothing to do with relative age—it’s about the rarity of the date.
How to calculate melt value of US silver coins?
Values represent uncirculated coins, unless you enter an amount of coin wear. You might also like to try a calculator from the menu above. To figure total silver melt value for different quantities and types of United States silver coins, use the U.S. Silver Coin Melt Value Calculator.
How many silver dollar coins are there in the US?
About half of the silver dollar coins which remain are older US 90% silver dollar coins. The same formerly circulating silver dollar coins our forefathers used in daily transactions. Using US Mint data, we can easily infer that less than 500 million combined Morgan silver dollar and Peace silver dollar coins likely remain in existence.
How much is a peace silver dollar worth?
Peace Silver Dollar Melt Value: [ current spot silver price ] X [ 0.77345 oz ] = $13.63 Peace silver dollar coin melt value* Eisenhower Silver Dollar Melt Value: [ current spot silver price ] X [ 0.31623 oz ] = $5.57 Eisenhower silver dollar coin melt value*
How much is a 90% silver dollar worth?
When people want to learn how much is a silver dollar worth, it helps to begin by finding a particular silver dollar melt value at the moment. About half of the silver dollar coins which remain are older US 90% silver dollar coins. The same formerly circulating silver dollar coins our forefathers used in daily transactions.
