2026-01-14
Peace Dollars vs Morgans: Which Fits Which Buyer?
They both contain the same amount of silver. They are both old. But one costs significantly less. Why?
The Contenders
- The Morgan (1878-1921): The classic "Wild West" coin. Complex design. High demand. Expensive.
- The Peace (1921-1935): The "Roaring Twenties" coin. Art Deco design. Lower demand. Cheaper.
The Math
A "Cull" (worn) Morgan might cost $32. A "Cull" Peace might cost $29. They have the exact same silver content (0.7734 oz).
The Verdict
- Buy Morgans IF: You care about resale liquidity and history. The Morgan market is massive.
- Buy Peace IF: You are a value stacker who wants "old silver" without paying the "Morgan Tax."
The Silver Dollar Spreads
We track the 'premium spread' between Morgans and Peace dollars. Learn when the gap closes and which one to buy right now.