Sell Morgan Silver Dollars
in Arizona — Key Dates Welcome

Morgan Silver Dollar Basics

The Morgan dollar was minted from 1878 to 1904 and again in 1921. Each coin contains 0.7734 troy ounces of pure silver in a 90% silver alloy. At current silver prices near $32/oz, a single common-date Morgan carries melt value of approximately $24–25.

But many Morgans are worth significantly more than their silver content. The key is knowing which dates and mint marks carry collector premiums — and having them properly evaluated before selling.

Common Dates vs. Key Dates

Common dates — like the 1878 8TF, 1881-S, 1885-O, 1896, and 1921 — were minted in large quantities. Circulated examples sell close to melt value. Uncirculated (MS) examples trade at premiums ranging from modest (MS-60) to substantial (MS-65+).

Key dates are low-mintage issues where collector demand pushes prices far above silver content:

• 1893-S — the rarest business-strike Morgan. Even heavily worn examples sell for $3,000+
• 1889-CC — Carson City key, $500+ in VG condition
• 1895 — proof only (no business strikes confirmed), $20,000+ in any condition
• 1884-S, 1892-S, 1893-O, 1893-CC — major semi-keys, significant premiums in any grade

We check every Morgan against current PCGS and NGC price guides and recent auction data. You will never walk out having sold a key date at melt value.

What Affects Value When Selling

Four factors determine what your Morgan dollars are worth:

1. Date and mint mark — the most important factor. The mint mark is on the reverse above the "DO" in DOLLAR. P (Philadelphia, no mark), S (San Francisco), O (New Orleans), CC (Carson City), D (Denver, 1921 only).
2. Grade/condition — Good (G-4) through Mint State (MS-60 to MS-70). Uncirculated coins command premium; heavily circulated coins sell near melt.
3. Strike quality and luster — even among coins of the same date and grade, coins with full strike and original luster trade higher.
4. Cleaning or damage — cleaned coins ("whizzed" or polished) lose significant collector premium but retain full silver value.

Selling a Morgan Dollar Collection in Arizona

If you have a collection — whether inherited, assembled over years, or purchased in an estate sale — bring the full set. Collections often contain a valuable date hidden among common ones. Many customers have walked in with a "bunch of old silver dollars" that included a key date worth hundreds or thousands.

We evaluate every coin individually, explain what each is worth, and make a single clear offer for the lot — or itemize by piece if you prefer. You decide what to sell. No pressure, no minimum.

YML Refinery serves Morgan dollar sellers from across the Phoenix metro: Phoenix, Scottsdale, Peoria, Surprise, and the northwest valley. Most customers are in and out in under 20 minutes for a standard collection.