The Morgan silver dollar is one of the most recognized coins in American numismatic history, and the cull-grade examples from the 1878 to 1904 production run represent one of the most accessible ways to acquire a genuine piece of that legacy at or near silver melt value. Each coin contains 0.7734 troy ounces of silver at .900 fineness, struck by the United States Mint across multiple facilities during the late 19th and early 20th centuries. Cull-grade pieces carry full silver content regardless of their surface condition, making them a straightforward choice for buyers focused on metal content rather than numismatic grade.
We carry these coins as a practical option for buyers who want authentic, government-issued silver at competitive premiums. The variety of dates and mint marks within this date range adds a degree of collector interest even at the cull level, and each piece carries the same silver content as higher-graded examples from the same series.
The Morgan dollar takes its name from George T. Morgan, the Assistant Engraver at the United States Mint who designed the coin following the passage of th
…The Morgan silver dollar is one of the most recognized coins in American numismatic history, and the cull-grade examples from the 1878 to 1904 production run represent one of the most accessible ways to acquire a genuine piece of that legacy at or near silver melt value. Each coin contains 0.7734 troy ounces of silver at .900 fineness, struck by the United States Mint across multiple facilities during the late 19th and early 20th centuries. Cull-grade pieces carry full silver content regardless of their surface condition, making them a straightforward choice for buyers focused on metal content rather than numismatic grade.
We carry these coins as a practical option for buyers who want authentic, government-issued silver at competitive premiums. The variety of dates and mint marks within this date range adds a degree of collector interest even at the cull level, and each piece carries the same silver content as higher-graded examples from the same series.
The Morgan dollar takes its name from George T. Morgan, the Assistant Engraver at the United States Mint who designed the coin following the passage of the Bland-Allison Act of 1878. That legislation required the federal government to purchase and coin a fixed amount of silver each month, a direct response to pressure from western mining interests following the demonetization of silver in 1873. The Morgan dollar was the product of that political compromise, and its production stretched across multiple decades and several mint facilities.
Between 1878 and 1904, Morgan dollars were struck at Philadelphia, New Orleans, Carson City, and San Francisco. Each facility used its own mint mark, which appears on the reverse of the coin. The Carson City issues, in particular, have become especially sought after by collectors due to their lower mintages and frontier-era significance. Production of the Morgan dollar was suspended after 1904 and briefly resumed in 1921 before the Peace dollar replaced it later that year.
The series coincided with a significant period of American economic and industrial expansion, and the coins circulated heavily throughout the country during that era. Many of the surviving examples in cull condition reflect genuine circulation history, giving each coin a tangible connection to the period in which it was used.
The obverse of the Morgan dollar features a left-facing portrait of Liberty wearing a Phrygian cap adorned with wheat and cotton, flanked by stars and inscribed with the date and the word "Liberty." The portrait was modeled after Anna Willess Williams, a Philadelphia schoolteacher who served as Morgan's subject, and the design was considered a departure from more idealized depictions of Liberty common to earlier American coinage.
The reverse displays a heraldic eagle with outstretched wings, clutching arrows and an olive branch, with a wreath surrounding the eagle's body. The inscriptions "United States of America," "E Pluribus Unum," and the denomination "One Dollar" complete the design. The reverse composition is bold and symmetrical, reflecting the neoclassical style that dominated American coin design during the Gilded Age.
On cull-grade examples, the primary design elements remain visible, though surfaces will show significant wear, scratching, rim damage, or other marks consistent with heavy circulation or extended handling. The coin's overall design remains identifiable even at this grade level, which is part of what distinguishes it from damaged examples that have lost their numismatic identity entirely.
Morgan dollars were struck under the authority of the United States Mint using standardized dies and controlled silver alloys, which provides a strong baseline for authenticity verification. Each coin in this series carries a weight of approximately 26.73 grams at .900 fineness, specifications that experienced dealers and authentication services can readily verify. The size, weight, and feel of a genuine Morgan dollar are consistent enough that deviations are typically detectable through basic testing.
We verify each coin for authenticity and metal content before making it available for purchase. As authorized dealers for both PCGS and NGC, we maintain relationships with the leading third-party grading and authentication services in the industry, which reinforces our commitment to product integrity across the entire catalog. Cull-grade coins receive the same authenticity scrutiny as higher-graded examples, ensuring that what you receive is a genuine Morgan silver dollar regardless of its surface condition.
Cull grade indicates that a coin has been determined to be genuine and of correct metal content but does not meet the minimum standards required for numerical grading. Common characteristics of cull-grade Morgan dollars include heavy wear that has reduced the high-relief design elements, significant scratching, rim nicks, cleaning, environmental damage, or a combination of these factors. The coin retains full numismatic identity, meaning the date and mint mark are typically visible, but the overall surface condition places it below circulated grades on the standard scale.
Individual coins ship in protective plastic flips that keep them secure during transit without adding unnecessary packaging cost. Larger quantities ship in standard coin tubes, and bulk orders are typically packaged in sealed boxes consistent with industry standards for this denomination. Because these are cull-grade coins sourced from the secondary market, minor additional contact marks, toning variations, or handling signs beyond those already implied by the cull designation may be present, and this does not affect the silver content or the authenticity of any individual coin.
Cull-grade Morgan dollars are priced primarily as silver bullion, meaning the spot price of silver serves as the primary driver of their market value. The premium above spot on cull examples is typically lower than on circulated or uncirculated Morgan dollars, reflecting the reduced numismatic interest at this grade level. For buyers focused on acquiring silver content at an efficient price, this makes cull Morgans a competitively positioned option within the broader silver coin market.
Premiums on cull Morgans can fluctuate based on overall silver demand, the availability of secondary market supply, and broader interest in the Morgan dollar series. When collector demand for even circulated Morgans increases, the floor for cull-grade pricing tends to rise alongside it. Our pricing reflects real-time spot conditions and is structured transparently so buyers can evaluate the full cost clearly before making a decision.
Morgan silver dollars are among the most traded historic American coins in the secondary market, and even cull-grade examples carry consistent demand from silver stackers, dealers, and collectors who prioritize metal content. The coin's standardized weight and purity are well understood across the market, and the Morgan dollar's name recognition gives it an advantage over more obscure silver items when it comes time to resell.
We operate a two-way market that allows customers to both purchase and sell precious metals within the same platform. We believe that understanding the buy side and sell side of any transaction together provides a more complete picture of the true cost of ownership, and our competitive buyback pricing on silver dollars reflects that commitment. Liquidity considerations are built into how we present these products, not treated as an afterthought.
Cull-grade Morgan dollars offer one of the most cost-effective entry points into authentic, government-issued American silver. For buyers whose priority is silver content rather than numismatic condition, purchasing at or near melt value in the form of a historically significant United States Mint coin represents a practical and recognizable option. The Morgan dollar's name recognition within the precious metals and collector communities gives it an inherent advantage over generic silver rounds or foreign coins of equivalent silver weight.
The date range spanning 1878 to 1904 also introduces natural variety across individual coins, with different dates and mint marks appearing within any given order. Buyers interested in the series will often find that even cull-grade coins from certain lower-mintage years carry additional interest. At the cull level, that variety comes at no additional cost premium, which adds a layer of engagement for those willing to examine each coin individually.
We built this business on the principle that buyers deserve straightforward pricing, honest product descriptions, and reliable fulfillment without the pressure tactics common to parts of this industry. Our pricing on cull Morgan dollars reflects real-time silver market conditions, and the bid/ask spread displayed on each product page gives buyers a clear view of both sides of the transaction before they commit to a purchase. That transparency extends across the entire catalog, not just selected products.
We hold an A rating with the Better Business Bureau and maintain active memberships in the American Numismatic Association and the National Coin and Bullion Association. As authorized dealers for both PCGS and NGC, we apply consistent authentication standards across every product we handle, including secondary market coins like cull-grade Morgans. Every piece is verified before it reaches a customer, and our support team is accessible when questions arise at any stage of the process.
Bullion Standard Pro gives members access to live, executable wholesale bid and ask pricing on silver coins including cull-grade Morgan dollars, allowing buyers to evaluate what they are paying relative to current wholesale market conditions rather than static retail pricing. For a product like this, where premiums above spot are a central part of the purchase decision, having real-time visibility into wholesale pricing provides meaningful context that standard retail listings do not offer.
Pro members also benefit from real-time portfolio valuation using live wholesale bid prices, which reflects current liquidation values rather than estimated retail figures. Combined with proprietary tools for analyzing premiums, bid/ask spreads, and market activity, Bullion Standard Pro provides a more complete view of how silver coins are priced and traded at the wholesale level, helping members make more informed decisions on both the buy side and the sell side.
We support a broad range of payment methods to make the buying process straightforward and secure for every customer. Major credit cards including Visa, Mastercard, American Express, and Discover are accepted, along with PayPal, bank-connected payments through Plaid, wire transfer, and paper check. Cryptocurrency payments are also supported through BitPay for buyers who prefer that option.
Every transaction is processed with security and efficiency in mind, and payment flexibility is part of how we ensure that purchasing silver from us fits the preferences of a wide range of buyers. Whether you are making a single purchase or adding to an existing position in silver, the checkout experience is designed to be clear, fast, and secure.
Product ID: BST-001999B45E
| Random Year Status | Random Year |
|---|---|
| Precious Metal Type | Silver |
| Bullion Coin Type | Morgan Dollar |
| Format | Coin |
| Country of Origin | United States |
| Brand/Mint | U.S. Mint |
| Mint Mark | Various |
| Purity | 0.9 |
| Weight | 0.7734 oz |
| Thickness (mm) | 2.4 mm |
| Diameter (mm) | 38.1 mm |
| Inner Pack (Quantity) | 20 |
| Outer Pack (Quantity) | 1000 |
| Grade | Cull |
The Morgan silver dollar is one of the most recognized coins in American numismatic history, and the cull-grade examples from the 1878 to 1904 production run represent one of the most accessible ways to acquire a genuine piece of that legacy at or near silver melt value. Each coin contains 0.7734 troy ounces of silver at .900 fineness, struck by the United States Mint across multiple facilities during the late 19th and early 20th centuries. Cull-grade pieces carry full silver content regardless of their surface condition, making them a straightforward choice for buyers focused on metal content rather than numismatic grade.
We carry these coins as a practical option for buyers who want authentic, government-issued silver at competitive premiums. The variety of dates and mint marks within this date range adds a degree of collector interest even at the cull level, and each piece carries the same silver content as higher-graded examples from the same series.
The Morgan dollar takes its name from George T. Morgan, the Assistant Engraver at the United States Mint who designed the coin following the passage of th
…The Morgan silver dollar is one of the most recognized coins in American numismatic history, and the cull-grade examples from the 1878 to 1904 production run represent one of the most accessible ways to acquire a genuine piece of that legacy at or near silver melt value. Each coin contains 0.7734 troy ounces of silver at .900 fineness, struck by the United States Mint across multiple facilities during the late 19th and early 20th centuries. Cull-grade pieces carry full silver content regardless of their surface condition, making them a straightforward choice for buyers focused on metal content rather than numismatic grade.
We carry these coins as a practical option for buyers who want authentic, government-issued silver at competitive premiums. The variety of dates and mint marks within this date range adds a degree of collector interest even at the cull level, and each piece carries the same silver content as higher-graded examples from the same series.
The Morgan dollar takes its name from George T. Morgan, the Assistant Engraver at the United States Mint who designed the coin following the passage of the Bland-Allison Act of 1878. That legislation required the federal government to purchase and coin a fixed amount of silver each month, a direct response to pressure from western mining interests following the demonetization of silver in 1873. The Morgan dollar was the product of that political compromise, and its production stretched across multiple decades and several mint facilities.
Between 1878 and 1904, Morgan dollars were struck at Philadelphia, New Orleans, Carson City, and San Francisco. Each facility used its own mint mark, which appears on the reverse of the coin. The Carson City issues, in particular, have become especially sought after by collectors due to their lower mintages and frontier-era significance. Production of the Morgan dollar was suspended after 1904 and briefly resumed in 1921 before the Peace dollar replaced it later that year.
The series coincided with a significant period of American economic and industrial expansion, and the coins circulated heavily throughout the country during that era. Many of the surviving examples in cull condition reflect genuine circulation history, giving each coin a tangible connection to the period in which it was used.
The obverse of the Morgan dollar features a left-facing portrait of Liberty wearing a Phrygian cap adorned with wheat and cotton, flanked by stars and inscribed with the date and the word "Liberty." The portrait was modeled after Anna Willess Williams, a Philadelphia schoolteacher who served as Morgan's subject, and the design was considered a departure from more idealized depictions of Liberty common to earlier American coinage.
The reverse displays a heraldic eagle with outstretched wings, clutching arrows and an olive branch, with a wreath surrounding the eagle's body. The inscriptions "United States of America," "E Pluribus Unum," and the denomination "One Dollar" complete the design. The reverse composition is bold and symmetrical, reflecting the neoclassical style that dominated American coin design during the Gilded Age.
On cull-grade examples, the primary design elements remain visible, though surfaces will show significant wear, scratching, rim damage, or other marks consistent with heavy circulation or extended handling. The coin's overall design remains identifiable even at this grade level, which is part of what distinguishes it from damaged examples that have lost their numismatic identity entirely.
Morgan dollars were struck under the authority of the United States Mint using standardized dies and controlled silver alloys, which provides a strong baseline for authenticity verification. Each coin in this series carries a weight of approximately 26.73 grams at .900 fineness, specifications that experienced dealers and authentication services can readily verify. The size, weight, and feel of a genuine Morgan dollar are consistent enough that deviations are typically detectable through basic testing.
We verify each coin for authenticity and metal content before making it available for purchase. As authorized dealers for both PCGS and NGC, we maintain relationships with the leading third-party grading and authentication services in the industry, which reinforces our commitment to product integrity across the entire catalog. Cull-grade coins receive the same authenticity scrutiny as higher-graded examples, ensuring that what you receive is a genuine Morgan silver dollar regardless of its surface condition.
Cull grade indicates that a coin has been determined to be genuine and of correct metal content but does not meet the minimum standards required for numerical grading. Common characteristics of cull-grade Morgan dollars include heavy wear that has reduced the high-relief design elements, significant scratching, rim nicks, cleaning, environmental damage, or a combination of these factors. The coin retains full numismatic identity, meaning the date and mint mark are typically visible, but the overall surface condition places it below circulated grades on the standard scale.
Individual coins ship in protective plastic flips that keep them secure during transit without adding unnecessary packaging cost. Larger quantities ship in standard coin tubes, and bulk orders are typically packaged in sealed boxes consistent with industry standards for this denomination. Because these are cull-grade coins sourced from the secondary market, minor additional contact marks, toning variations, or handling signs beyond those already implied by the cull designation may be present, and this does not affect the silver content or the authenticity of any individual coin.
Cull-grade Morgan dollars are priced primarily as silver bullion, meaning the spot price of silver serves as the primary driver of their market value. The premium above spot on cull examples is typically lower than on circulated or uncirculated Morgan dollars, reflecting the reduced numismatic interest at this grade level. For buyers focused on acquiring silver content at an efficient price, this makes cull Morgans a competitively positioned option within the broader silver coin market.
Premiums on cull Morgans can fluctuate based on overall silver demand, the availability of secondary market supply, and broader interest in the Morgan dollar series. When collector demand for even circulated Morgans increases, the floor for cull-grade pricing tends to rise alongside it. Our pricing reflects real-time spot conditions and is structured transparently so buyers can evaluate the full cost clearly before making a decision.
Morgan silver dollars are among the most traded historic American coins in the secondary market, and even cull-grade examples carry consistent demand from silver stackers, dealers, and collectors who prioritize metal content. The coin's standardized weight and purity are well understood across the market, and the Morgan dollar's name recognition gives it an advantage over more obscure silver items when it comes time to resell.
We operate a two-way market that allows customers to both purchase and sell precious metals within the same platform. We believe that understanding the buy side and sell side of any transaction together provides a more complete picture of the true cost of ownership, and our competitive buyback pricing on silver dollars reflects that commitment. Liquidity considerations are built into how we present these products, not treated as an afterthought.
Cull-grade Morgan dollars offer one of the most cost-effective entry points into authentic, government-issued American silver. For buyers whose priority is silver content rather than numismatic condition, purchasing at or near melt value in the form of a historically significant United States Mint coin represents a practical and recognizable option. The Morgan dollar's name recognition within the precious metals and collector communities gives it an inherent advantage over generic silver rounds or foreign coins of equivalent silver weight.
The date range spanning 1878 to 1904 also introduces natural variety across individual coins, with different dates and mint marks appearing within any given order. Buyers interested in the series will often find that even cull-grade coins from certain lower-mintage years carry additional interest. At the cull level, that variety comes at no additional cost premium, which adds a layer of engagement for those willing to examine each coin individually.
We built this business on the principle that buyers deserve straightforward pricing, honest product descriptions, and reliable fulfillment without the pressure tactics common to parts of this industry. Our pricing on cull Morgan dollars reflects real-time silver market conditions, and the bid/ask spread displayed on each product page gives buyers a clear view of both sides of the transaction before they commit to a purchase. That transparency extends across the entire catalog, not just selected products.
We hold an A rating with the Better Business Bureau and maintain active memberships in the American Numismatic Association and the National Coin and Bullion Association. As authorized dealers for both PCGS and NGC, we apply consistent authentication standards across every product we handle, including secondary market coins like cull-grade Morgans. Every piece is verified before it reaches a customer, and our support team is accessible when questions arise at any stage of the process.
Bullion Standard Pro gives members access to live, executable wholesale bid and ask pricing on silver coins including cull-grade Morgan dollars, allowing buyers to evaluate what they are paying relative to current wholesale market conditions rather than static retail pricing. For a product like this, where premiums above spot are a central part of the purchase decision, having real-time visibility into wholesale pricing provides meaningful context that standard retail listings do not offer.
Pro members also benefit from real-time portfolio valuation using live wholesale bid prices, which reflects current liquidation values rather than estimated retail figures. Combined with proprietary tools for analyzing premiums, bid/ask spreads, and market activity, Bullion Standard Pro provides a more complete view of how silver coins are priced and traded at the wholesale level, helping members make more informed decisions on both the buy side and the sell side.
We support a broad range of payment methods to make the buying process straightforward and secure for every customer. Major credit cards including Visa, Mastercard, American Express, and Discover are accepted, along with PayPal, bank-connected payments through Plaid, wire transfer, and paper check. Cryptocurrency payments are also supported through BitPay for buyers who prefer that option.
Every transaction is processed with security and efficiency in mind, and payment flexibility is part of how we ensure that purchasing silver from us fits the preferences of a wide range of buyers. Whether you are making a single purchase or adding to an existing position in silver, the checkout experience is designed to be clear, fast, and secure.
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