Although Morgan dollars are not entirely silver, they have a high silver composition. The historic Morgan Silver Dollars minted from 1878 to 1921 contain 90% pure silver and 10% copper, giving them a durable composition suited for circulation. However, modern Morgan Silver Dollars, reintroduced in 2021, are crafted from 99.9% fine silver, enhancing their purity and appeal to today’s collectors. This distinction in silver content between the classic Morgan dollars from the late 19th and early 20th centuries and the contemporary reissues underscores the evolution of coinage standards and materials over time, reflecting changing minting practices and preferences in the numismatic world. Source
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