Morgan Silver Dollars and the value of silver.?

Jerry gave you some good advice. Unfortunately, unless you have some of the Morgans that are particularly rare, you're probably looking at getting maybe $20-$40 for each one. Not enough to get rich from. If you truly don't want them anymore, they make nice presents for nephews and nieces (just make sure that they are the type who will appreciate them, and not just immediately try to spend them).

Many public libraries have the books that Jerry mentioned.

Also, Barnes & Noble and Borders usually stock them. You don't even have to buy them--just write down the date, condition, and any mint marks for each coin and compare your list to the price guides while at the book store.

Value Of Morgan Silver Dollars

As was stated the 1923 silver dollar has to be a Peace dollar not a Morgan dollar. The Peace dollar has a Liberty with a crown of spikes with the word Liberty above it. The eagle on the reverse faces right with it's wings folded. The mint mark if any is below the word ONE. In circulated grades (coin shows wear) it's value is in the silver for it is a common date. Dealers are paying around $11 or so depending on the value of silver at the time of sale. If your coin is in mint state that is now wear then it will also have a collector value depending on what grade it is.

Morgan Dollars are 90% silver, 10% copper. At current silver prices of just over $20/ounce, the silver value is about $15 per coin.

Value is a combination of rarity and condition. Some dates are quite valuable, so it is worth doing a bit of research. One basic reference is "A Guide Book of United States Coins" by Yeoman, nicknamed "the red book" for obvious reasons.

The mint mark on a Morgan Dollar is on the reverse (tails) side just above the DO in DOLLAR. No mint mark = Philadelphia. "O" = New Orleans. "S" = San Francisco. "CC" = Carson City, Nevada. "D" = Denver (1921 only).

You need to know the date, mint mark, and approximate grade (condition) to estimate value. Most pricing guides are retail prices. A reasonable offer is 60-70% of retail, but not less than silver value in any case.

I would go to a reputable dealer and then get another opinion at another. There are also some websites that will tell you the value of your metal based on the weight.