The best thing about Morgan Dollars is how numerous they are and that means you can still buy uncirculated examples at affordable prices. Also the Morgan Dollar series increases in value over-time and this makes them a good investment for silver hoarders and collectors. One thing of note, just don't over pay, and be weary of sales pitches that want you to think you need to buy now or lose out, or that they're selling Morgan Dollars that were just released.
If you just want silver bullion then the best buy is the most worn and damaged silver dollars since you're getting just about the same amount of silver but because the coin is ugly you can buy it for less. If you like great looking, brilliant, varieties (VAMs) or even toners then Morgan Dollars is the best choice for you. If you can buy them cheaper than $30, don't hesitate, if you find them $25-$27 or less then buy all you can afford!
The above list is the Top Ten sold values for Morgan Dollars and the number one coin on this list is the most this coin type, denomination and date has ever sold for publically.
These values do not apply to raw coins or coins in any other holder; these values only apply to coins graded and certified by PCGS (Professional Coin Grading Service) or NGC (Numismatic Guarantee Corporation). Also, a few of these coin holders have CAC (Certified Acceptance Corporation) stickers and this is considered further assurance that the coin is the grade and condition stated on the holder's label.
You can't buy or sell Morgan Dollar United States coins for the prices listed in this website unless they're in the same grading company holder, same grade, variety and condition, even then there's no guarantee your Morgan Dollar will sell for the same value.
If you want to learn the value of your Morgan Dollar then you must know the coin's grade, condition, and if it's authentic. You do this by taking your coin to a reputable coin dealer or sending your coin to PCGS or NGC (fees do apply with these services). If you're not interested in sending your coin to a third party grading service then you should do some research and find a reputable coin dealer instead. I recommend a PCGS Coin Dealer since at least three of their piers have to vouch for them to be a PCGS Dealer.
If you can't find a PCGS Coin Dealer then look for local ANA members or coin clubs. In the mean time you can get an idea of your Morgan Dollar's value and grade by visiting CoinHELP! website.
Top 10 Proof (Only) Morgan Dollar Value
To 10 Valuable Morgan Dollars By Date/Grade/Variety
1895-O $1 PR66 Cameo NGC. VAM-3. Jun 6, 2013 Sold For: $528,750.00