Experienced collectors or those just getting started can benefit from knowing the number of Morgan Silver Dollars per pound to help gauge the value of their collections. Melt values are calculated based on current silver prices as well as condition, rarity and demand factors; for an accurate valuation it is wise to consult a reliable dealer or online marketplace.
Morgan silver dollars come in many different varieties, and their weight may differ between coins of this variety. Older coins tend to show signs of wear and tear more readily than newer coins can; also purity levels of coins may influence overall weight; typically speaking though, Morgan silver dollars have an exceptional purity level of 90% pure silver which could affect their weight differentials.
The Morgan silver dollar first saw production from 1878 until 1904 when production ceased, only to resume again in 2021 when production resumed again at the mint. These coins contain 0.858 troy ounces of pure silver and have become immensely popular with collectors due to their history and design.
Melting Morgan silver dollars may be legal, but doing so would destroy their numismatic value and significantly lower their worth. Coins in exceptional condition such as those from 1878CC and 1921 Philadelphia mintage could fetch hundreds or even thousands of dollars depending on condition.
Notable also is that Morgan silver dollars are now very rare to come across in circulation due to being melted down multiple times for raw materials used for other coins. You might find some stored away at museums or government facilities; but they remain extremely sought-after by numismatic enthusiasts.
