Current Silver Dollar Values

Current Values for Morgan and Peace series dollars are published regularly by Professional Coin Grading Service (PCGS) and are available on their website through the following links.  Note that for many date and mint-mark combinations, several die varieties exist.  The first variety is the usually the most common and lowest in price.   
    

Morgan Dollars

Peace Dollars

Value Trends in Morgan and Peace Dollars

Historically high-grade and also rare-date coins have appreciated at the fastest rates. Investors have typically seen a better return by buying a $1000 coin, for example, than 10 $100 coins. Rare dates have also outperformed common coins.  While this advice is not always correct, investors typically favor high-grade coins over low-grade counterparts.  When demand exceeds supply, investors are more likely to go to other dates or coin series than to buy up low-grade coins. 

 While American coins have been collected since their existence, silver dollars have received keen interest from collectors and investors consistently over the past few decades. Morgan and Peace silver dollars were not popular in their own time either in circulation or as collectibles. The high face value of the coin during its early years - equal to $10 to $20 in today's dollars - made collecting it expensive. Only in the past 40 years has it become a popular collectible and investment coin. As a result, most current collections have been assembled from coins that sat in government vaults

Coin values peaked around 1980 due in part to the high inflation of the 1970's and high silver prices. They declined in the early 1980's, peaked again in the late 1980's, and declined in the early '90's. They gained only slightly during the 1990's bull market economy, but have increased significantly in the last few years.

Coin prices generally do well during a poor economy, high inflation, and global tension.  Current economic and geopolitical uncertainties are likely behind the recent increase in coin prices.  Price trends generally parallel precious metals, even where the coin's price arises from numismatic value rather than bullion value. As an added benefit, unlike precious metals where additional mining may become economical as prices increase, the supply of a particular date and grade of a rare coin cannot increase.